Globe Telecom, one of the Philippines’ major telecommunications companies, shared its financial results for the first three months of 2026, according to a disclosure filed with the Securities and Exchange Commission (SEC) on May 11, 2026.

What Did Globe Earn?

Think of Globe like a store that sells internet, phone calls, and text messages. In the first three months of 2026, Globe made ₱42.0 billion in service revenues – that’s the money they earned from selling their services. This was 5% more compared to the same period last year.

Globe’s Chief Finance Officer, Juan Carlo C. Puno, signed the report showing the company had 144,468,524 common shares outstanding and total debt of ₱251,237 million as of March 31, 2026.

Where Did the Money Come From?

Most of Globe’s earnings came from three main areas:

• Mobile Business (₱30.0 billion): This is money from people using their phones for internet, calls, and texts. It grew 6% compared to last year. Globe now has around 67 million mobile users, which is 8% more than last year.
• Home Broadband (₱6.2 billion): This is money from internet connections at home. It also grew 6% year-on-year. A big achievement here is that Globe’s GFiber Prepaid service reached 1 million subscribers – that means one million households are now using this affordable fiber internet service.
• Corporate Data (₱5.1 billion): This is money from businesses that buy internet and technology services from Globe. It grew 6% compared to last year.

The Shift to Data Services

An interesting trend is that 91% of Globe’s revenues now come from “data-driven services” – basically, internet-related services. Last year, it was only 87%. This shows that more and more people are using the internet instead of traditional calls and texts.

For mobile data specifically, Globe earned ₱26.8 billion in the quarter, up 11% from ₱24.1 billion last year. People are using more data than ever – the average person now uses about 16 gigabytes per month, which is 12% more than last year. This increase comes from activities like watching videos, using social media, playing games, and making digital payments.

How Profitable Was Globe?

Globe’s EBITDA (a measure of profit before certain expenses) was ₱22.2 billion, up 7% from last year. The EBITDA margin was 52.8%, which means for every ₱100 Globe earned, they kept about ₱53 as profit before other costs. This is better than last year’s 52.1%.

However, Globe’s Net Income After Tax (NIAT) – the actual profit after everything – was ₱5.6 billion, down 20% from ₱7.0 billion last year. Globe explained this happened because last year they had special one-time gains from selling their stake in Mynt (the company behind GCash) and from selling some towers.

When looking at “Core Net Income” (which removes unusual items to show the regular business performance), Globe actually did better – earning ₱4.9 billion, up 9% from last year.

GCash Contribution

Mynt, the company that operates GCash (in which Globe has a stake), contributed significantly to Globe’s earnings. Globe’s share in Mynt’s profits was ₱1.9 billion, which represents 30% of Globe’s total income before tax. This is a bigger contribution than the 22% share in 2025, showing that GCash is becoming more important to Globe’s overall business.

Network Investments

Globe spent ₱12.7 billion on capital expenditures during the quarter – that’s money spent on building and improving their network. This was 51% more than last year. About 91% of this spending went to improving data services.

During the quarter, Globe added 43,084 new fiber-to-the-home lines and 408 new 5G sites. The company now has 5G coverage reaching over 98% of the population in Metro Manila and key cities in Visayas and Mindanao.

Recognition and Debt Position

Globe At Home was recognized as the Most Recommended Internet Brand in the Philippines at the 2026 Synergy YouGov Awards. The company also ranked as the highest company in Southeast Asia in the 2026 Digital Inclusion Benchmark by the World Benchmarking Alliance.

As of March 31, 2026, Globe’s total debt stood at ₱251.2 billion. In April 2026, Globe bought back US$426 million worth of its senior perpetual capital securities, leaving US$174 million still outstanding.

What the CEO Said

According to the press release, Carl Raymond R. Cruz, Globe’s President and CEO, expressed satisfaction with the company’s performance, highlighting the 5% revenue growth, 7% EBITDA increase, and 9% Core NIAT growth. He mentioned that despite challenging economic conditions including the ongoing Middle East crisis, Globe will continue investing in 5G networks, fiber expansion, and digital platforms while maintaining efficient capital allocation.

The company maintains its full-year capital expenditure guidance of below US$1 billion while sustaining positive free cash flow.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.