Globe Telecom reported solid financial results for the first nine months of 2025, showing that strategic, efficient spending—not bigger budgets—is driving its growth.
The company’s EBITDA climbed to ₱64.2 billion, supported by consecutive quarterly gains. This translated to an EBITDA margin of 52.8 percent, surpassing its full-year target and reflecting strong cost discipline.
Globe also continued to trim capital spending, which dropped 23 percent year-on-year to ₱31.4 billion. Capex now accounts for 26 percent of gross service revenues, a level more in line with regional peers. The shift toward more focused, long-term investments has boosted the company’s free cash flow, giving it more room to invest in better connectivity and new digital services.
“We’ve learned that growth isn’t just about how much you build, but how well you build it,” said Globe president and CEO Carl Cruz, highlighting the company’s push toward meaningful customer experiences and digital inclusion.
The stronger cash generation signals a broader internal shift: Globe is moving away from heavy infrastructure expansion toward targeted, high-impact initiatives in mobile data, enterprise tech, cloud services, and digital solutions.
Globe’s balance sheet remains healthy, with a Gross Debt-to-EBITDA ratio of 2.69x, Net Debt-to-EBITDA at 2.40x, and a Debt Service Coverage Ratio of 3.74x, all well within covenant limits. The company says it will continue aligning investments with emerging opportunities in connectivity, enterprise technology, and sustainability to ensure both stability and innovation in the years ahead.
