Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) posted an 8.4 percent rise in net income to P8.9 billion for the first nine months of 2025, from P8.2 billion a year earlier, as strong enterprise demand and steady residential growth lifted revenues.
Consolidated revenues increased 10.1 percent to P33.0 billion, driven by a 9.1 percent gain in the residential segment to P27.7 billion.
The company closed September with 2.93 million residential subscribers, including over half a million prepaid users under its lower-cost plans, signaling continued demand across market segments.
Enterprise revenues grew 16.2 percent to P5.2 billion, supported by expanding client bases in small and medium enterprises and wholesale services. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 10.6 percent to P20.2 billion, with margins steady at 61.2 percent.
Return on invested capital (ROIC) stood at 18.2 percent, reflecting disciplined spending and stable returns. Converge reported a net debt position of P10.5 billion as of end-September, with a debt service coverage ratio of 3.4x, signaling manageable leverage.
Capital expenditures reached P7.4 billion for network expansion and service upgrades.
The broadband provider’s results point to sustained earnings momentum despite stiff competition in the fixed-line market. Analysts said Converge’s steady profit margins and solid cash flow give it room to invest in new infrastructure and defend its market share, even as growth in mature urban areas slows and competition intensifies in lower-income segments.
