CONVERGE MAINTAINS INDUSTRY LEADING TRIFECTA: CONSOLIDATED REVENUES GROWTH AT 10.2%, STRONG EBITDA MARGIN OF 60.4% AND ROIC OF 17.7%

Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) closed 2025 with resilient growth across both residential and enterprise divisions, underscoring its position as one of the Philippines’ leading broadband providers. The company delivered double‑digit topline expansion, maintained industry‑leading margins, strengthened its balance sheet, and earned recognition for both network excellence and corporate governance.

Revenue Growth and Subscriber Base

Consolidated revenues rose 10.2% year‑on‑year, reaching ₱44.8 billion in FY2025 compared to ₱40.6 billion in 2024. The residential segment, Converge’s largest revenue driver, grew 8.4% to ₱37.3 billion, supported by a subscriber base of nearly 3 million households (2,984,212).

Enterprise revenues surged even faster, climbing 20.3% to ₱7.4 billion from ₱6.2 billion in 2024. Within this division, small‑to‑medium enterprises (SMEs) and wholesale customers contributed strong double‑digit growth, reflecting Converge’s expanding footprint among business clients.

Profitability and Margins

Converge sustained industry‑leading profitability. EBITDA grew 10% to ₱27.0 billion, with margins steady at 60.4%, highlighting disciplined cost control despite expansion. Net income after tax rose 9.6% to ₱11.9 billion, maintaining a net margin of 26.5%, nearly identical to the prior year’s 26.6%. These figures demonstrate the company’s ability to balance growth with operational efficiency, ensuring consistent long‑term value creation.

Capital Efficiency and Balance Sheet Strength

Return on Invested Capital (ROIC) remained robust at 17.7%, reflecting prudent capital deployment in network expansion and service improvements. Converge’s balance sheet showed resilience, with net debt stable at ₱14.2 billion as of December 31, 2025. The company reduced its total financial debt to ₱24.1 billion, while maintaining a debt service coverage ratio of 3.5x. Net debt‑to‑equity stood at 0.2x, and gross debt‑to‑equity at 0.4x, both comfortably within covenant limits.

Cash capital expenditures totaled ₱17.7 billion, directed toward expanding fiber infrastructure and enhancing network reliability.

Recognition as National Broadband Leader

In 2025, Converge was declared the Philippines’ National Broadband Leader by the Department of Information and Communications Technology (DICT). Through its “Oplan Bantay Signal” program, DICT assessed nationwide network performance, and Converge emerged as the top provider in speed, latency, and consistency.

Key findings included:

• Average speed: 193.61 Mbps (download + upload) in Metro Manila, based on nearly 700,000 speed tests.
• Latency: 10.67 milliseconds, optimal for real‑time applications.
• Symmetric performance: Best average download and upload speeds among providers.

Chief Operations Officer Benjamin Azada emphasized that while the recognition is a “badge of honor,” Converge remains committed to addressing areas flagged for improvement, allocating annual budgets not only for expansion but also for repair and recovery to ensure reliability across underserved regions.