Globe Telecom Inc. reported ₱80.2 billion in consolidated gross revenue for the first half of 2025, a 2.4 percent decline year-on-year from ₱82.2 billion, amid persistent macroeconomic pressures and evolving consumer trends. However, the company staged a sequential rebound in Q2, with revenues up 1 percent quarter-on-quarter to ₱40.3 billion, underscoring a gradual recovery led by stronger mobility and digital engagement.
Globe emphasized the resilience of its core mobile and data businesses, with mobile data revenue rising 2 percent year-on-year to ₱48.8 billion, now accounting for 86 percent of total mobile revenues, up from 82 percent in the prior year. The firm’s digital portfolio continued to drive relevance, with data-centric services contributing 88 percent of total service revenue, further cementing Globe’s position in the connected economy.
Despite a 14 percent drop in reported net income to ₱12.4 billion, and 11 percent decline in core net income to ₱10.4 billion, the company recorded a 30 percent sequential increase in core earnings in Q2, reflecting operational discipline and improved monetization, particularly in mobile and fiber.
Globe’s home broadband revenue fell 3 percent year-on-year to ₱11.7 billion, but stabilized in Q2 with a 1 percent rise, driven by a shift to fiber, which now contributes over 90 percent of broadband revenue. GFiber Prepaid, in particular, surged 37 percent quarter-on-quarter in users, establishing itself as the fastest-growing prepaid fiber brand.
Corporate data revenue dipped 2 percent to ₱9.6 billion, due to cautious enterprise spending, but was partially offset by a 15 percent increase in ICT services, showcasing Globe’s strategic shift toward high-value, future-ready solutions.
Globe’s fintech arm Mynt, operator of GCash, delivered ₱3.8 billion in equity earnings, a 78 percent jump from the prior year, now contributing 26 percent of Globe’s pre-tax profit, up from 12 percent, highlighting the growing commercial significance of its digital finance ecosystem.
On the cost front, Globe’s operating expenses fell 3 percent to ₱38.0 billion, driven by efficiency measures in marketing, staffing, and admin. Despite lower EBITDA at ₱42.1 billion (down 2 percent), margins held firm at 52.6 percent, reflecting strong operational control.
Capital expenditures dropped 33 percent to ₱18.9 billion, improving capital efficiency, with a renewed focus on data infrastructure. Globe deployed 937 new cell sites and 35,821 new fiber lines, while 5G coverage reached over 98 percent of key urban centers.
Globe’s tower sale-and-leaseback program progressed, generating ₱89.3 billion in proceeds to date, supporting long-term financial resilience. Total debt edged down 1 percent to ₱247.9 billion, with leverage ratios well within covenant limits.
President and CEO Carl Cruz highlighted the quarter’s results as a sign of “operational strength and focused execution,” affirming Globe’s commitment to digital empowerment, capital discipline, and its broader goal of building a digitally resilient Philippines.
