Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG), one of the Philippines’ major internet service providers, announced its financial results for the full year 2025, showing continued growth across its business segments.

According to the company’s disclosure filed with the Securities and Exchange Commission on March 6, 2026, Converge earned total revenues of ₱44.8 billion in 2025, which is 10.2% higher compared to the ₱40.6 billion they made in 2024.

Breaking Down the Numbers: Where the Money Comes From

Think of Converge’s business like two separate stores: one that sells internet to homes (residential) and another that sells to businesses (enterprise).

The residential business, which provides internet to houses and apartments, brought in ₱37.3 billion in 2025—that’s 8.4% more than the previous year. By the end of 2025, Converge had 2,984,212 home internet subscribers.

The enterprise business, which serves companies and other organizations, grew even faster at 20.3%, reaching ₱7.4 billion in revenue compared to ₱6.2 billion in 2024. This growth came mainly from small and medium enterprises (SMEs) and wholesale customers.

Strong Profit Margins Despite Growth Investments

Converge reported an EBITDA (a measure of profit before certain expenses) of ₱27.0 billion, up 10.0% from last year, with an EBITDA margin of 60.4%. This means that for every ₱100 the company earns, about ₱60 becomes profit before paying for things like interest and taxes—a very strong performance in the telecommunications industry.

The company’s net income after tax reached ₱11.9 billion in 2025, representing a 9.6% increase from the ₱10.8 billion recorded in 2024. The net income margin was 26.5%, meaning roughly ₱26.50 of every ₱100 in revenue becomes final profit.

Efficient Use of Money: Return on Invested Capital

Converge maintained a Return on Invested Capital (ROIC) of 17.7% for 2025. This metric shows how well the company uses the money invested in it to generate profits. A 17.7% ROIC means that for every ₱100 invested in the business, the company generates ₱17.70 in profit—which the company describes as “industry-leading.”

Financial Health and Debt Position

The company’s financial position remained stable with a net debt of ₱14.2 billion as of December 31, 2025. Converge actually reduced its total debt from ₱29.5 billion in 2024 to ₱24.1 billion in 2025—a decrease of 18%.

The company’s debt service coverage ratio stood at 3.5x, meaning Converge earns 3.5 times more than what it needs to pay its debt obligations, indicating comfortable debt management. The company spent ₱17.7 billion in capital expenditures during 2025, mainly for expanding and improving its fiber network.

Industry Recognition and Awards

According to the disclosure, Converge received two significant recognitions in 2025:

The Department of Information and Communications Technology (DICT) declared Converge as the Philippines’ National Broadband Leader for 2025. Based on nearly 700,000 speed tests conducted in Metro Manila, Converge achieved an overall average speed of 193.61 Mbps with the best download speed, best upload speed, and lowest latency of 10.67 milliseconds among all providers evaluated.

The company also received the top Five Golden Arrow rating under the ASEAN Corporate Governance Scorecard from the Institute of Corporate Directors. This is a significant jump from its Three-Arrow rating in 2023, achieved within just five years of being a publicly listed company.

Network Expansion

As of the end of 2025, Converge’s network reached 17.6 million homes passed (homes within 300 meters of their network access points) with 9.2 million ports available. The company’s household coverage stood at 66.02% of the estimated 27 million homes in the Philippines.

The port utilization rate—meaning how many of their available connections are actually being used by customers—reached 37.4% by the fourth quarter of 2025, up from 31.1% a year earlier.

Looking Ahead to 2026

For 2026, Converge provided guidance indicating expectations for consolidated revenue growth of 8% to 10%. The company plans to invest ₱18 billion to ₱23 billion in capital expenditures, which includes expanding their network by approximately 900,000 ports, mostly targeting new areas in Visayas and Mindanao.

Due to planned marketing efforts, customer loyalty programs, and network maintenance costs, the company expects EBITDA margins to settle between 58% to 59%—slightly lower than the 60.4% achieved in 2025. Return on Invested Capital is projected to reach 15.5% to 16.5% for 2026.

About Converge (PSE: CNVRG)

Converge is a publicly listed telecommunications company in the Philippines that provides fiber internet services to residential customers and enterprises. As of December 31, 2025, the company has 7,241,380,061 common shares outstanding and ₱10 billion in fixed rate bonds. The company is headquartered in Angeles City, Pampanga, and celebrated its fifth anniversary as a publicly listed company in October 2025.

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.