CONVERGE Information and Communications Technology Solutions, Inc. reported consolidated revenues of ₱22.4 billion for the first half of 2026, marking a 3.1% increase from ₱21.8 billion during the same period last year.
The telecom provider’s strong overall performance was largely fueled by robust expansion in its enterprise division alongside steady residential subscriber gains.
The enterprise sector delivered stand-out results, with total enterprise revenues surging 15.1% year-on-year to reach ₱3.9 billion.
This performance was driven by aggressive customer acquisition, highlighted by double-digit growth across both its Small and Medium Enterprise (15.7%) and Enterprise and Large Corporate (14.8%) subsegments.
Meanwhile, Converge’s residential segment generated ₱18.5 billion in revenue, pushing its total subscriber base to 3.09 million by the end of June despite broader inflationary pressures.
Financially, Converge maintained strong profitability and capital efficiency through disciplined cost management. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose to ₱13.3 billion, yielding an EBITDA margin of 59.1%—aligning directly with full-year target guidance.
Consolidated net income after tax hit ₱5.5 billion, while Return on Invested Capital (ROIC) stood at an industry-leading 14.9%.
The company also reported a healthy balance sheet with ₱5.7 billion allocated toward capital expenditures (CAPEX) in the first half of the year.
Net debt remained stable at ₱15.6 billion as of June 30, with leverage ratios staying comfortably within bank covenants.
Alongside financial gains, Converge cited notable enhancements in operational service delivery following targeted investments in technical capacity.
Compared to the first quarter of 2026, the company reduced mean time to repair network outages by more than 60%.
Additionally, one-day and five-day resolution rates for service line repairs improved by 8% and 2%, respectively, keeping average ticket resolution times near a six-quarter low.
