STRONG 58% EBITDA MARGIN 9M2026 Key Highlights
- Converge registered consolidated revenues of P34.2Bn for 9M2026, higher by 3.9% from 9M2025
- 9M2026 Residential revenues grew to P27.9Bn
- Enterprise revenues reached P6.4Bn in 9M2026, representing a 22.0% growth rate coming from new customer wins.
- EBITDA reached P19.9Bn with margin ending at 58.0%, maintaining cost discipline across business segments
- 9M2026 net income after tax reached P8.1Bn
- ROIC reached 14.5% for 9M2026
Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) (“Converge” or the “Company”) reported consolidated revenues of P34.2Bn for the first nine months of 2026, up 3.9% from P33.0Bn during the same period last year.
The Enterprise segment emerged as the primary growth engine, expanding by 22.0% year-over year to reach P6.4Bn. Within Enterprise, Large Corporate revenues rose by 29.3%, while Small and Medium Enterprise (SME) revenues grew by 15.4%. The enterprise business now accounts for nearly 20% of total consolidated revenues.
Residential revenue reached P27.9Bn, supported by a subscriber base of 3.10 million as of end September 2026, demonstrating steady demand despite persistent inflationary pressures.
Disciplined Cost Management Drives Strong Profitability Margins
EBITDA sustained a strong growth trajectory with industry-leading margins
The Company maintained high operational efficiency, delivering an EBITDA of P19.9Bn for 9M2026. The resulting consolidated EBITDA margin stood at 58.0%, fully aligned with full-year guidance.
Net income after tax reached P8.1Bn, delivering a net income margin of 23.6%. Return on Invested Capital (ROIC) remained industry-leading at 14.5%, underscoring the resilience of the Company’s core operations.
Strong ROIC and Balance Sheet
The Company maintained its industry-leading ROIC at 14.5%. This performance is a result of the Company’s disciplined approach in deploying capital to expand its fiber network and improve its overall services.
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Converge has been able to maintain its strong balance sheet and cash flows with ample liquidity and gearing comfortably within bank covenants. The Company’s net debt position (as measured by total financial debt less cash and cash equivalents and short term cash placements) remains stable at P15.9Bn as of September 30, 2026. The Company’s debt service coverage ratio (DSCR) was 1.6x (debt service requirements over the next fiscal year) and 3.6x (debt service requirements over the last twelve months), the net debt-to-total equity was at 0.2x, and gross debt-total equity was at 0.4x – well within the required financial covenants from its debt facilities.
Total accrued CAPEX for 9M2026 amounted to P9.9Bn.
Converge’s Early Investments Deliver Resilience, Growth and Recognition
Broadband users in the country experienced intermittent connectivity following a subsea cable segment linking the Philippines and Singapore was cut. Converge was able to swiftly reroute traffic, relying heavily on its new Bifrost cable system whereby service disruption remained minimal.
CEO Dennis Anthony Uy highlighted that these international cable system investments were planned five years in advance specifically to manage such incidents. “With the additional capacity from these two new cables, Converge not only has the youngest but it also has the most resilient international network among Philippine operators today,” said Uy.
In addition to this, Converge’s Angeles Data Center in Pampanga was granted “Strategic Investment” Green Lane status by the DTI-BOI under Executive Order No. 18. Secured via digital infrastructure arm Pentagon Digital Global Corp., the designation fast-tracks permits to accelerate expansion into enterprise cloud compute, carrier-neutral co-location, and data center operations.
This milestone supports Converge’s transition into an integrated technology provider. Speaking at the ASEAN Tech Summit Manila, Grace Jarin-Castillo, SVP and Head of Converge Global Business Group, highlighted how the company’s National Digital Infrastructure powers demand for AI, cloud, and IoT. The network spans over 960,000 kilometers of pure fiber, satellite links, subsea cables, sovereign cloud capacity, and Tier III data centers in Caloocan and Angeles.
The expansion earned Converge the Philippines Technology Excellence Award for Infrastructure Technology – Telecommunications at the Asian Technology Excellence Awards 2026 in Bangkok. CEO Dennis Anthony Uy stated that the award validates the company’s vision to build a secure, independent, and globally competitive digital Philippines.
Converge’s Enterprise Being a Consistent Growth Driver, Backed by Awards, Expansion of International and Local Reach and Strategic Data Center Investment
Converge is expanding its enterprise reach across key sectors by delivering dedicated internet, cloud solutions, and DDoS protection to major telecom carriers, global IT firms, Metro Manila hotels, and local government units.
A key example of this impact is Ligas Kooperatiba ng Bayan sa Pagpapaunlad. Using Converge Dedicated Internet Access (DIA) and Metro Ethernet (MetroE) services, the cooperative securely interconnected its 10 branches and two satellite offices to streamline real-time transactions for over 13,000 members across Bulacan, Pampanga, Nueva Ecija, and Bataan. CEO Julita Nazar noted that elevating connectivity improves service delivery and builds long-term resilience for local institutions.
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This growing enterprise momentum earned Converge’s B2B unit the Digital Experience of the Year – Telecommunications award at the Asian Experience Awards 2026 for its thought leadership podcast series on cloud and cybersecurity with BusinessWorld.
This increased enterprise demand is well supported by growing capacity, including the Green Lane certification for its Angeles Data Center. By streamlining permits and accelerating high density compute deployment, the designation ensures enterprise clients gain faster access to the cloud, co-location, and compute resources powering these regional solutions.
Converge Sets Corporate Governance Benchmark and Sweeps HR Asia Awards
Converge scored major recognitions for both corporate governance and workplace culture this October. The company earned the Institute of Corporate Directors’ prestigious “Five Golden Arrow” rating, the highest governance honor for Philippine listed companies for the second consecutive year.
“Regardless of how rapidly the technological landscape shifts, our true north remains unchanged at Converge, our choice is clear: we use tech for good,” said Independent Director and Immediate Past Chairman Jose P. de Jesus, emphasizing that strong governance safeguards the company’s mission to serve unserved communities.
Parallel to its governance milestones, Converge swept three honors at the HR Asia Best Companies to Work for in Asia Awards 2026, taking home titles for Best Companies to Work For, Diversity, Equity, & Inclusion, and Sustainable Workplace. The awards highlight key people programs like MentorSHE and SPARK, leadership diversity with 41.7% of executive roles held by women, and an 89% modem material reuse rate.
Together, these recognitions reinforce Converge’s position as an industry leader built on strong ethics, sustainable practices, and a people-first culture.
This press release may contain forward looking statements and information that are, by their nature, subject to significant risks, uncertainties, and assumptions. Many factors could make or cause the actual results, performance or achievements to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein.
For questions, please contact:
Owen Kieffer Ocampo
Vice President – Head of Investor Relations
Email: investor.relations@convergeict.com
Jay-Anne Encarnado
Vice President – Head of Corporate Communications and Public Relations
Email: corpcomm@convergeict.com
