Converge ICT Solutions Inc. is holding firm on its 2025 earnings guidance following a robust first quarter, signaling continued confidence in its financial and operational trajectory.
“Following our first quarter 2025 performance, we are maintaining our current guidance,” said Converge president Maria Grace Uy during the company’s virtual annual stockholders’ meeting on Friday. “Our projections remain aligned with our budget and expectations,” she added.
The company projects consolidated revenue growth of 14 percent to 16 percent for the full year. In the first quarter alone, Converge posted a 13.2 percent year-on-year increase in consolidated revenue to ₱10.8 billion, while net income rose 18.3 percent to ₱3 billion.
Uy also confirmed capital expenditures of ₱20 billion to ₱25 billion for 2025, primarily to fund one-off investments in the Bifrost and SEA-H2X submarine cable systems and the expansion of its network infrastructure. The company aims to deploy 400,000 to 500,000 new ports by year-end, underscoring its long-term growth ambitions.
With 2.7 million residential subscribers as of March, including strong net additions in both postpaid and prepaid segments, Converge is solidifying its position as the fastest-growing fixed broadband provider in the Philippines. The reaffirmed guidance and aggressive infrastructure investments reflect a bullish outlook on sustained commercial expansion.
