Globe service revenues hit record P129B

Globe Telecom Inc. posted record service revenues of P129 billion in the first nine months of 2026, up 6 percent year-on-year, as growth in mobile, home broadband and corporate data services lifted its earnings.

The company also recorded its highest nine-month Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) at P68 billion, a 6 percent increase from P64.2 billion a year earlier. Its EBITDA margin stood at 52.7 percent.

Mobile service revenues climbed 6 percent to a record P91.4 billion, while home broadband revenues also rose 6 percent to P18.9 billion. Corporate data revenues increased 10 percent to a record P16.5 billion.

Focus on customer engagement

Globe president and CEO Carl Raymond Cruz said the results reflected the company’s focus on customer engagement, revenue generation and investments.

“EBITDA increased 6 percent to a new nine-month high of P68.0 billion, while our margin remained healthy at 52.7 percent. These results reinforce our confidence that our focus on customer engagement, monetization, and disciplined investment is building a stronger foundation for long-term value creation,” Cruz said.

Reported net income after tax, however, declined 7 percent to P16.5 billion from P17.7 billion last year, mainly due to higher depreciation and net interest expenses, as well as non-recurring gains recorded in 2025. Core net income remained broadly unchanged at P15.5 billion.

Globe invested P35.8 billion in capital expenditures during the period, up 14 percent, with about 89 percent allocated to data-related requirements and network infrastructure.