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In the face of inflationary pressures and slower economic growth, leading Philippine fiber broadband and technology provider Converge ICT Solutions Inc. grew revenues by almost 4% year-on-year to P34.2 billion in the first nine months of the year, supported by a surge in its enterprise segment and a stable residential subscriber base.
“Our Enterprise business is driving growth for Converge as we see the impact of our investments in digital infrastructure needed by both large corporates and wholesale operators. Our small and medium enterprise (SME) segment is also gaining traction as we focused on targeted programs for this sector,” said Converge CEO and Co-Founder Dennis Anthony Uy.
Enterprise revenues grew by 22.0% to reach P6.4 billion from January to September, compared to the same period last year. The Enterprise and Large Corporate, and Small and Medium Enterprise (SME) subsegments emerged with strong double digit revenue growth rates of 29.3% and 15.4%, respectively. Residential revenues amounted to P 27.9 billion in the same nine-month period with subscribers ending at over 3.1 million as of end-September 2026.
“Our Enterprise business is in full swing. We’ve secured major wins this year, including major international carriers, global tech firms, major hotels, and local government units. We’re also excited for opportunities in our wholesale segment with our two new international subsea cables – Bifrost and SEA-H2X – now online,” said Converge Chief Operations Officer Benjamin Azada.
Profitability reached P 8.1 billion in 9M2026, resulting in a net income margin of 23.6%. Meanwhile, Converge earnings before interest, taxes, depreciation, and amortization (EBITDA) reached P 19.9 billion during the nine-month period, leading to a consolidated EBITDA margin of 58.0%, comfortably within the Company’s full year guidance.
“Our disciplined approach to cost management continues to strengthen the company’s financial performance, allowing us to sustain healthy income margins while maintaining operational efficiency. By carefully managing our resources and prioritizing investments that deliver long-term value, we remain focused on driving sustainable profitability and creating greater value for our stakeholders,” said Converge President and Co-Founder Grace Uy.
During the nine-month period, Converge also recorded an industry-leading Return on Invested Capital (ROIC) of 14.5%, underscoring the resilience of the Company’s core operations.
“Our industry leading ROIC reflects our commitment to high capital efficiency. By executing targeted, high-impact investments, we are expanding our reach while maintaining healthy margins comfortably within our full-year guidance, setting a clear trajectory for sustained profitability and long-term shareholder value,” said Converge Chief Finance Officer Robert Yu.
Converge also continued to garner wins in areas of corporate governance and workplace culture. The company earned the Institute of Corporate Directors’ prestigious “Five Golden Arrow” rating in October, the highest governance honor for Philippine listed companies for the second consecutive year.
“In the face of changing regulatory landscape and shifting business environment, including the impact of AI on how corporations manage operations, Converge continues to exemplify that upholding the highest standards of corporate governance remains a constant,” said Corporate Compliance and Data Protection Officer and Corporate Sustainability Officer Atty. Laurice Esteban-Tuason.
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. Converge also recently earned the globally recognized standard for information security management systems – ISO/IEC 27001:2022 certification, demonstrating its commitment to data protection and cybersecurity.
