Converge Information and Communications Technology Solutions, Inc. reported sustained double-digit revenue growth in 2025, driven by strong performance from its residential and enterprise businesses.
In a disclosure to the Philippine Stock Exchange (PSE), the broadband provider said consolidated revenues grew by 10.2 percent to P44.8 billion in 2025 from P40.6 billion in 2024.
The company’s residential segment remained its largest contributor, posting an 8.4 percent year-on-year increase to P37.3 billion. Converge ended the year with 2,984,212 residential subscribers.
Meanwhile, enterprise revenues grew by 20.3 percent to P7.4 billion from P6.2 billion in 2024, with the small and medium enterprise (SME) and wholesale segments registering strong double-digit growth due to a broader customer base.
Converge also maintained strong profitability margins. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 10 percent to P27 billion in 2025, with the company sustaining an industry-leading EBITDA margin of 60.4 percent.
Net income after tax increased by 9.6 percent to P11.9 billion from P10.8 billion the previous year, translating to a net income margin of 26.5 percent.
The company likewise retained a strong financial position, posting a return on invested capital (ROIC) of 17.7 percent. Its net debt position stood at P14.2 billion as of December 31, 2025, while total financial debt was reduced to P24.1 billion.
For 2025, Converge spent P17.7 billion in capital expenditures to support network expansion and service improvements.
The company also earned recognition from the Department of Information and Communications Technology (DICT), which named Converge the country’s National Broadband Leader for 2025 under its “Oplan Bantay Signal” network monitoring program.
Based on nearly 700,000 speed tests conducted in Metro Manila, Converge recorded an average speed of 193.61 Mbps, along with the fastest average download and upload speeds and a latency of 10.67 milliseconds.
Converge Chief Operations Officer Benjamin Azada said the company continues to improve network reliability while expanding connectivity to underserved areas.
“Beyond these metrics of upload and download speeds, we are actively improving our network for increased reliability and consistency in performance while enhancing connectivity in select parts of the country,” Azada said.
The company also received the highest Five Golden Arrow rating under the ASEAN Corporate Governance Scorecard, awarded by the Institute of Corporate Directors, recognizing its adherence to global corporate governance standards.
Jose de Jesus, chairman of Converge, said the recognition reflects the company’s commitment to maintaining the trust of its stakeholders as it evolves from a telecommunications provider into a technology company.
For 2026, Converge expects consolidated revenues to grow by 8 to 10 percent. The company also plans to invest between P18 billion and P23 billion in capital expenditures, including expanding up to 900,000 additional network ports, with most targeted for new service areas in the Visayas and Mindanao.
