The Ayala-led Globe Telecom Inc. delivered a solid second-quarter performance, showing a sequential rebound fueled by strategic investments in its digital services and a focus on cost efficiency. Despite a slight dip in first-half service revenues to ₱80.2 billion from ₱82.2 billion last year, the company is proving resilient against a complex macroeconomic environment.
In a press statement, Globe said that the second quarter saw a positive turn, with consolidated gross service revenues rising 1% sequentially to ₱40.3 billion. This was driven by improved mobility and increased digital engagement. The company’s digital portfolio, particularly mobile data, home broadband, and corporate data, now makes up 88% of total service revenues, up from 85% a year ago.
It said that mobile data revenues grew 2% to ₱48.8 billion in the first half of 2025, even as overall mobile revenues saw a minor decline. The mobile data users increased to 37.8 million, with mobile data now contributing 86% of all mobile revenues, a significant jump from 82% last year.
Meanwhile, mobile subscriber base grew to 62.5 million, a 5% increase.
As for the home broadband and fiber segment, it reported that home broadband revenues stabilized in the second quarter, inching up 1% to ₱5.9 billion. Fiber’s share of total broadband revenues grew to 90.2%, driven by the popularity of GFiber Prepaid (GFP).
The GFP subscribers surged by 37% to 544,000, with a high reload rate of 68%. This reflects strong demand for flexible and affordable fiber internet.
In terms of its operating expense and subsidies, Globe said it decreased by 3% year-on-year to ₱38.0 billion, a result of disciplined cost-cutting. This allowed the company to maintain a strong EBITDA margin of 52.6%.
Globe’s net income for the first half was ₱12.4 billion, a 14% decrease. However, core net income saw a 30% sequential gain in the second quarter.
It’s share in Mynt (GCash) equity earnings surged by 78% to ₱3.8 billion, now contributing 26% of Globe’s pre-tax net income.
Network and Infrastructure
Globe’s capital expenditures for the first half of 2025 were reduced by 33% to ₱18.9 billion, showcasing improved capital efficiency. The majority of these investments, 91%, were directed toward data-related initiatives.
- The company deployed 937 new cell sites and upgraded 4,512 existing ones.
- 444 new 5G sites were rolled out, extending 5G coverage to over 98% of Metro Manila and key Visayas and Mindanao cities.
- Over 600 towns nationwide have been fully migrated to fiber connectivity, phasing out legacy copper lines.
- Globe has generated ₱89.3 billion in proceeds from its tower sale and leaseback initiative, which is nearing its final phase.
Globe President and CEO Carl Raymond R. Cruz stated that the company’s performance reflects its strategic execution and focus on delivering value to customers in a competitive market. He emphasized that Globe’s digital connectivity efforts are a catalyst for national progress, empowering Filipinos and driving a digitally resilient Philippines.
