Converge sets sights on 14-16% revenue growth for 2025
Leading fiber broadband and technology provider Converge ICT Solutions Inc. is confident on maintaining its momentum last year as it sets its revenue guidance to 14-16% growth in 2025, spurred by the sustained growth of its fiber prepaid, the resurgence of its Enterprise business, and its substantial investments in data centers and the subsea cable systems coming to fruition this year. Converge ended 2024 with its net income expanding by nearly 19% year-on-year to P10.8 billion and consolidated revenues going up almost 15% to P40.6 billion. The Converge Board of Directors approved a regular cash dividend payment of P0.43 per share to be paid on April 16, 2025 with a record date of April 2, 2025. The P0.43 per share represents almost 30% or the higher end of the policy range. “With the strong 2024 performance, we are looking to continue this with a comparable 2025. This year, we are targeting a 14-16% consolidated revenue growth rate with 61-62% EBITDA margin,” said Converge ...