Leading fiber broadband and technology provider Converge ICT Solutions Inc. has demonstrated robust financial performance during the first three quarters of 2025, maintaining its upward trajectory in the competitive telecommunications landscape.
Strong Financial Performance Across Segments
The company reported impressive growth figures for the January to September 2025 period, with consolidated revenues climbing 10.1 percent year-on-year to reach ₱33 billion. This substantial growth was complemented by an 8.4 percent improvement in net income, which reached ₱8.9 billion, driven by the continued expansion of both residential and enterprise operations.
Converge's residential business segment showed particular strength, with revenues increasing to ₱27.7 billion, representing a 9.1 percent year-on-year growth. This performance was supported by the addition of nearly 370,000 new fiber subscribers during the nine-month period, bringing the company's total residential subscriber base to approximately 2.93 million customers as of September 2025.
The enterprise division also delivered outstanding results, with revenues surging by 16.2 percent to ₱5.2 billion from ₱4.5 billion in the same period last year. This growth was fueled by strong double-digit revenue increases from both SME and wholesale subsegments, indicating broad-based demand for Converge's business solutions.
Strategic Initiatives and Market Leadership
Converge CEO and Co-Founder Dennis Anthony Uy emphasized the company's strategic direction, stating that their transition to a technology company has accelerated infrastructure improvements and advanced digital solutions development. "Moving towards the end of 2025 and on to 2026, we will continue expanding our portfolio of digital and value-added services for both residential and enterprise customers," Uy affirmed.
The company's residential subscriber growth remains robust, with the FiberX product maintaining stable expansion throughout the first nine months of the year. Notably, Converge's prepaid offering Surf2Sawa has achieved a significant milestone, recently surpassing the half-million subscriber mark, demonstrating the product's successful market penetration.
Financial metrics further underscore Converge's operational efficiency, with EBITDA growing by 10.6 percent to ₱20.2 billion and the EBITDA margin improving to 61.2 percent. The company maintained its industry-leading position with an Return on Invested Capital of 18.2 percent, reflecting effective capital allocation and strong returns for investors.
Expanding Digital Ecosystem and Industry Recognition
Beyond financial performance, Converge has actively shaped the Philippines' technology landscape through various strategic initiatives. The company recently led the organization of the 51st Philippine Business Expo and Conference, bringing together government leaders, industry experts, and businesses to discuss digital transformation opportunities for Filipino organizations.
In a move to enhance customer experience, Converge announced a collaboration with entertainment powerhouse Viva Communications Inc. to load original Filipino content onto its Xperience Hub platform. This partnership is expected to significantly improve the viewing experience for its nearly three million subscribers while expanding the company's entertainment content offerings.
Infrastructure development remains a key priority, with the Bifrost Cable System successfully landing in Davao during August. This advanced trans-Pacific subsea cable will soon enable Converge to provide third-party players with direct access to unparalleled speed, resilience, and capacity for global communications.
The company also introduced its software-defined wide area network solution called Cyber Resiliency Bundle, designed to empower businesses with secure, reliable, and high-performing connectivity while safeguarding operational integrity.
Converge's commitment to excellence extended to corporate governance recognition, as the company received the top Five Golden Arrow rating based on the ASEAN Corporate Governance Scorecard in the latest 2024 review conducted by the Institute of Corporate Directors. This marked a significant improvement from the company's Three-Arrow standing in the previous year, positioning Converge among the best-governed publicly listed firms in the Philippines.
