Globe Telecom announced it achieved positive free cash flow (FCF) before dividends in the first half of 2025, ahead of its end-2025 target. This financial milestone reflects strong operational recovery, strategic capital management, and disciplined cost controls, the company disclosed during a recent financial briefing.
Globe credited its early FCF turnaround to focused execution across its mobile and broadband segments, with gross service revenues rising 1 percent quarter-on-quarter, reversing two prior quarters of decline. Consumer demand remained resilient, particularly in mobile data usage and fiber broadband adoption, supporting the company’s commercial rebound.
“This turnaround really indicates stability and solid footing for the company,” said president and CEO Carl Cruz, highlighting renewed growth momentum and prospects for improved performance in the second half.
Chief finance officer Carlo Puno emphasized Globe’s capital efficiency efforts, noting that diversified funding and infrastructure optimization were central to the company’s cash flow achievement. The telco continues to monetize non-core assets, including its tower sale and leaseback program, which has generated ₱89.3 billion to date.
On the commercial front, Globe’s mobile business remained its largest revenue contributor, while home broadband posted modest growth amid continued demand for fiber. Network investments also continued, with 937 new cell sites, 444 new 5G towers, and over 35,800 new fiber lines rolled out in 1H 2025.
Chief commercial officer Darius Delgado added, “Our pricing strategies and segmented offers helped offset spending fatigue, especially among prepaid users. We are optimistic this momentum will continue.”
Globe reiterated its commitment to sustainable growth, improved efficiencies, and long-term value creation through disciplined capex, operational resilience, and digital expansion.
