Globe Telecom reported P121.7 billion in consolidated gross service revenues for the first nine months of 2025, slightly lower than last year’s P124.0 billion, as competition and recent typhoons weighed on performance. Despite this, the company delivered P41.5 billion in third-quarter revenues, a 3% sequential increase and its strongest quarterly momentum in more than three years.
Data services continued to anchor the business, accounting for 88% of total service revenues. Mobile remained the primary contributor at P86.2 billion, with third-quarter mobile revenues rising 1% to P29.1 billion. Mobile data hit a record P74.0 billion for the nine-month period, supported by stable usage and rising 5G adoption. Globe’s mobile base grew 5% to 63.1 million.
Home broadband revenues were flat at P17.8 billion, but the fiber business expanded, driven by the rapid growth of GFiber Prepaid, which reached 700,000 subscribers—more than triple last year’s level.
Corporate data revenues eased to P15.0 billion amid softer enterprise spending, though ICT services grew 14% on stronger demand for cybersecurity, data centers, and business applications.
Globe reported P64.2 billion in EBITDA with a margin of 52.8%, supported by a 3% reduction in operating expenses. Net income stood at P17.7 billion, down 14% due to higher depreciation, financing costs, and non-operating charges. Globe’s equity share in Mynt (GCash) improved to P5.3 billion, now making up 25% of pre-tax income.
Total debt rose slightly to P253.5 billion, with leverage metrics remaining within covenant thresholds.
“Our third-quarter results underscore Globe’s consistent performance and our ability to create impact beyond connectivity for more Filipino families and businesses,” said Globe President and CEO Carl Raymond R. Cruz. “Looking ahead, our focus remains firmly on our customers… and driving innovations that help build a more inclusive and digitally empowered Philippines.”