Converge Information and Communications Technology Solutions Inc. kept its growth streak intact in 2025, posting double digit revenue gains as demand for fiber broadband remained strong across households and businesses.
The broadband provider reported consolidated revenues of P44.8 billion for 2025, up 10 percent from P40.6 billion in 2024. The increase was largely driven by its residential segment, which remained the backbone of the company’s business.
Residential revenues climbed 8.4 percent year on year to P37.3 billion, supported by a growing subscriber base that reached 2,984,212 households by the end of the year. The steady expansion reflects the continuing appetite for faster and more reliable internet, particularly as digital services become embedded in everyday life.
But the sharper growth came from enterprise clients. Enterprise revenues jumped 20 percent to P7.4 billion from P6.2 billion in 2024, fueled by strong demand from small and medium enterprises as well as wholesale customers seeking high capacity connectivity.
Despite rising costs tied to network expansion, Converge preserved one of the strongest profitability profiles in the local telecommunications industry. Earnings before interest, taxes, depreciation and amortization rose 10 percent to P27.0 billion, while EBITDA margin held firm at 60.4 percent.
Net income followed a similar trajectory, climbing 9.6 percent to P11.9 billion from P10.8 billion the previous year. That translated to a net income margin of 27 percent, nearly unchanged from 2024 levels and a sign of disciplined cost control even as the network footprint expands.
Return on invested capital stood at 17.7 percent, while net debt remained stable at P14.2 billion. Its balance sheet remained comfortably within bank covenants, with a debt service coverage ratio of 3.5 times and net debt to equity of 0.2 times.
Capital spending reached P17.7 billion in 2025 as Converge continued rolling out new fiber capacity.
Looking ahead, the company expects revenues to grow another 8 percent to 10 percent in 2026, betting that underserved areas in the Philippines will keep demand for high speed broadband firmly on the rise.
