GLOBE ANNOUNCES SECOND QUARTER & FIRST HALF 2025 FINANCIAL AND OPERATING RESULTS:

GLOBE DELIVERS STRONG SEQUENTIAL RECOVERY ON DATA GROWTH: SERVICE REVENUES AT ₱80.2 BILLION FOR 1H25, LED BY

₱40.3 BILLION IN 2Q25, UP 1% QoQ; MOBILE BUSINESS REVENUES AT ₱57.1 BILLION,

WITH ₱28.8 BILLION IN 2Q25, UP 2% QoQ; HOME BROADBAND REVENUES AT ₱11.7 BILLION,

WITH ₱5.9 BILLION IN 2Q25, UP 1% QoQ; CORPORATE DATA REVENUES AT ₱9.6 BILLION;

EBITDA AT ₱42.1 BILLION;

EBITDA MARGIN REMAINS STRONG AT 52.6%; NIAT AT ₱12.4 BILLION;

CORE NIAT AT ₱10.4 BILLION, WITH ₱5.9 BILLION IN 2Q25, UP 30% QoQ;

MYNT POWERS GLOBE’S PROFIT ENGINE, FUELS 26% OF PRE-TAX EARNINGS;

GFIBER PREPAID (GFP) SOARS TO 544K SUBSCRIBERS, CEMENTING GLOBE’S LEADERSHIP IN MASS-MARKET FIBER;

GLOBE’S 1H’25 CAPEX DOWN 33% YOY, BALANCING NETWORK GROWTH AND FINANCIAL PRUDENCE;

GLOBE NAMED FORTUNE SOUTHEAST ASIA 500, TIME MAGAZINE’S MOST SUSTAINABLE COMPANIES 500,

2025 MOST RECOMMENDED TELCO BRAND BY YOUGOV, AND ASEAN’S BEST IN CORPORATE GOVERNANCE

Globe delivered ₱80.2 billion in consolidated gross service revenues for the first half of 2025, compared to ₱82.2 billion in the same period last year. Navigating a complex international macroeconomic environment and shifting consumer preferences, the company improved its topline performance and staged a sequential rebound in the second quarter. Consolidated gross service revenues ended the quarter at ₱40.3 billion, 1% above the first quarter, fueled by improving mobility and stronger digital engagement across segments.

The company’s digital portfolio served as a key growth engine, reinforcing its relevance in today’s increasingly connected economy. Mobile and corporate data services together maintained a stable contribution of 83.2% to total service revenues in the first semester, up slightly from 82.9% in the same period last year. Data-driven offerings, including mobile data, home broadband, and corporate data, further expanded to 88% of total service revenues from 85% a year ago, demonstrating Globe’s leadership in tech-driven consumer experiences and enterprise digitalization.

The mobile business anchored Globe’s topline performance, posting ₱57.1 billion in service revenues in the first six months of 2025, below the ₱58.4 billion recorded in the same period last year. Despite the dip, mobile revenues for the second quarter came in at ₱28.8 billion, 2% above the previous three months, signaling a firm sequential rebound. The recovery was driven by normalized mobility trends and a steady resurgence in consumer usage. Solid mobile results were supported by sustained network investments that enhanced service quality and competitiveness. By end-June 2025, Globe’s mobile subscriber base stood at 62.5 million, 5% higher compared to 59.5 million last year.

Within the segment, mobile data revenues rose to ₱48.8 billion, showing a 2% uplift compared to the previous year, as Filipinos deepened their reliance on mobile apps for messaging, streaming, and digital payments. Revenue expanded notwithstanding a moderation in mobile data traffic, which eased to 3,187 petabytes from 3,256 the year earlier, strong proof of Globe’s ability to monetize data. The softer usage in the first quarter was driven by extreme heat and nationwide transport strike, which restricted mobility and limited on-the-go data consumption. In contrast, the second quarter saw renewed momentum, with mobile data traffic rebounding to 1,650 petabytes, 7% ahead of the prior quarter. This was partly due to the sustained increase in 5G traffic contribution, indicating wider adoption across the base.

Despite persistent inflation and pressure on consumer spending, Globe’s mobile data users grew to 37.8 million, with mobile data now accounting for 86% of total mobile revenues, up from 82% a year earlier. This reflects the company’s expanding digital footprint, effective data monetization, and the vital role of connectivity in everyday life.

Meanwhile, traditional voice and SMS services remained on a downward trajectory, with revenues falling by 17% and 28%, respectively, consistent with the broader shift toward data-centric usage. Alongside these shifts, average daily mobile top-ups remained stable across the first six months of 2025.

Globe’s home broadband business played a key role in its digital expansion strategy. During the first half of 2025, revenues amounted to ₱11.7 billion, 3% less than the same period of 2024, owing to the decrease in fixed wireless contributions, as more customers transitioned to fiber. However, home broadband revenues showed signs of stabilization, with second-quarter revenues inching up 1% to ₱5.9 billion, underpinned by continued momentum in fiber adoption. Fiber’s share in total broadband revenues rose to 90.2% from 85.4% a year ago, boosted by the widening fiber user base, underpinned by the rising demand for GFiber Prepaid (GFP). As a result, fixed-wired users grew to 1.6 million from 1.2 million.

GFiber Prepaid maintained its growth momentum, solidifying its reputation as the fastest-growing prepaid fiber brand. GFP subscribers hit 544,000 by end-June, a 37% surge from the previous quarter. Its flexible and affordable model proved effective in drawing more users, with reload rates at 68%, the highest in its segment. Average daily top-ups for GFP also rose sharply, growing by over 4.5x in 2Q25 compared to the 2024 average, indicating stronger usage and deeper monetization per subscriber. These results underscore Globe’s success in expanding fiber access and improving internet service for more homes. Overall, the home broadband base grew to 1.9 million, compared to 1.7 million in the same period last year.

Meanwhile, corporate data revenues dipped by 2% to ₱9.6 billion, largely from the 12% contraction in core data services as cautious business sentiment in the first half of the year weighed on the segment. This was partly offset by a 15% uplift in ICT revenues, backed by sustained demand for business application services and the growth across cybersecurity, data center, Big Data, and IoT solutions. The performance highlights Globe’s strategic pivot toward high-value, future-ready ICT offerings that address the changing priorities of its enterprise clients.

Non-telco revenues amounted to ₱1.2 billion, a 2% reduction from the comparable period in 2024, due mostly to lower earnings from AdSpark, partly offset by stronger contributions from Asticom.

Globe’s cost management initiatives again yielded positive results, with total operating expenses and subsidy reaching ₱38.0 billion as of end-June of 2025, 3% lower year-on-year. This improvement was led by an 18% reduction in marketing and subsidy, along with 10% lower staff costs. Utilities and administrative expenses also eased by 5%, while services and others declined by 2%. These savings helped offset increases in interconnect (+10%) and repairs and maintenance (+7%), as well as modest upticks in lease and provisions.

EBITDA for the first half of the year stood at ₱42.1 billion, down 2% from a year ago. Despite the softer print, Globe sustained a robust EBITDA margin of 52.6%, well exceeding its full-year guidance through disciplined cost-efficiency initiatives.

Mynt, the parent company of GCash, maintained strong performance, solidifying its standing as the Philippines’ top digital financial ecosystem. GCash boosted its user base and profitability, offering more Filipinos accessible and inclusive financial services through continuous innovation. Globe’s share in Mynt’s equity earnings for the six-month period ended June 2025 surged to ₱3.8 billion, a 78% jump from ₱2.1 billion in the same period last year. This now makes up 26% of Globe’s pre-tax net income, more than doubling its 12% contribution from the previous year.

For the six-month period ended June 30, 2025, Globe reported a net income of ₱12.4 billion, a 14% decrease from ₱14.5 billion in the same period last year. This included a ₱2.6 billion gross gain booked last quarter from the deemed disposal of shares, following MUFG’s acquisition of an 8% stake in Mynt, alongside higher equity earnings from affiliates. These gains helped temper the impact of higher depreciation, interest expense, and non-operating charges. Stripping out one-off items, normalized net income amounted to ₱10.0 billion, or 16% lower year-on-year.

Excluding non-recurring items such as gains from the Mynt disposal, tower sale and leaseback, and foreign exchange and mark-to-market adjustments, Globe’s core net income reached ₱10.4 billion, 11% lower than ₱11.7 billion in the same period last year. Notably, core earnings in the second quarter posted a solid sequential gain, rising 30% to ₱5.9 billion from ₱4.5 billion in the previous quarter.

Despite these headwinds, Globe maintained a healthy and stable financial position. Total debt decreased by 1% to ₱247.9 billion as of end-June 2025, from ₱249.5 billion at the close of 2024. Key financial ratios remained well within covenant limits: Gross Debt to EBITDA stood at 2.65x, Net Debt to EBITDA at 2.44x, and Debt Service Coverage Ratio at 3.12x, underscoring the company’s disciplined financial management and strong balance sheet.

“Our second quarter performance underscores the growing impact of our cost and operational efficiency efforts. The sequential growth in revenues, core net income, stable margins, and rising contributions from Mynt reflect not just financial discipline but the operational strength of our entire organization. These results are a reflection of our strong execution, focused on delivering value to our customers even in a mature and competitive market.” said Carl Raymond R. Cruz, President and CEO of Globe Telecom Inc.

“At Globe, we see digital connectivity as a catalyst for national progress. The continued momentum of GFiber Prepaid and rising demand from enterprises reflect how our strategy is delivering real empowerment to every Filipino. Whether it’s helping families stay in touch, supporting small businesses, or expanding access to learning, these are the moments that matter. As we look to the future, we will push beyond traditional boundaries to expand the business, powered by technology, our people, and a shared vision of a digitally resilient Philippines.” Mr. Cruz added.

Cash Capex, Network and Infrastructure Updates

Globe’s cash capital expenditures for the first six months of 2025 totalled approximately ₱18.9 billion, representing a 33% reduction from ₱28.3 billion in the corresponding period of the previous year. This decline is consistent with the company’s ongoing efforts to optimize capital deployment while sustaining critical investments in network infrastructure, well in line with the guidance of below US$1 billion for the full year. As a result, the cash capex-to-revenue ratio improved to 24% from 34%, and the capex-to-EBITDA ratio decreased to 45% from 66%, underscoring enhanced capital efficiency in the first half and maintaining flexibility for calibrated investments over the remainder of the year. Similar to prior periods, around 91% of total expenditures were directed toward data-related initiatives, affirming Globe’s commitment to strengthening its digital infrastructure. With focused investments and innovation shaped by consumer needs, Globe is helping more Filipino homes and small businesses thrive in today’s connected world.

As of mid-2025, Globe made significant progress in expanding and modernizing its network to meet the growing digital demand across the country. A total of 937 new cell sites were deployed, while 4,512 existing sites were upgraded with LTE technology, enhancing both reliability and service quality for mobile users.

To support the rising need for fast and dependable internet, Globe deployed 35,821 new fiber-to-the-home (FTTH) lines during the six-month period. This expansion plays a critical role in advancing the Philippines toward a more digitally connected economy.

As part of its broader modernization push, Globe has now migrated over 600 towns nationwide to full fiber connectivity, completely phasing out legacy copper lines in these areas. The shift delivers faster and more stable broadband for everyday digital activities, whether for remote work, online learning, e-commerce, or public services. Beyond performance, this copper-free transition supports Globe’s green network strategy, reducing environmental impact and helping curb illegal copper scavenging that has historically disrupted connectivity.

Globe also further strengthened its 5G footprint, rolling out 444 new 5G sites across key locations nationwide. As of end-June 2025, 5G outdoor coverage reached 98.71% of Metro Manila and 98.19% of key cities in the Visayas and Mindanao. On the international front, Globe maintained a robust global footprint, with 168 inbound and 183 outbound 5G roaming partnerships across 99 destinations, ensuring uninterrupted connectivity for Filipino travelers.

In parallel with its ongoing network expansion efforts, Globe is deepening its commitment to digital inclusion by accelerating mobile connectivity in Geographically Isolated and Disadvantaged Areas (GIDAs) and underserved communities. As of 2024, over 600 Globe cell sites are operational in GIDAs. These efforts complement the DICT’s Bayanihan SIM initiative, which Globe actively supports to provide connectivity for students, educators, frontline workers, and local governments in remote areas.

Building on these efforts to expand connectivity nationwide, Globe is also optimizing its infrastructure assets to support long-term operational and financial resilience. Globe is approaching the final phase of its tower sale and leaseback initiative, with the recently announced sale to MIDC and PhilTower on July 30, 2025. The company closed the sale of 12 towers in Luzon to MIDC for approximately ₱144 million, and 84 towers in Visayas and Mindanao to PhilTower for around ₱1.2 billion. To date, Globe has turned over 6,945 towers, generating approximately ₱89.3 billion in proceeds as part of its broader strategy to effectively manage infrastructure and enhance capital efficiency.

Through disciplined capital management and focused infrastructure investments, Globe remains steadfast in its commitment to bridging the digital divide and empowering communities. These sustained network enhancements reinforce the company’s role in driving innovation, supporting inclusive economic development, and advancing the United Nations’ Sustainable Development Goal No. 9.

Portfolio and Innovation Updates

Mynt/GCash:

Globe Fintech Innovations, Inc. (“Mynt”) is a strategic partnership between Globe, Ayala Corporation, and Ant International, a Singapore-headquartered leading global digital payment, digitization, and financial technology provider.

Mynt is a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt primarily operates through two wholly-owned subsidiaries: G-Xchange, Inc. (“GXI”), the mobile wallet operator of GCash, offering convenient financial services to Filipinos, and Fuse Financing Inc. (“Fuse”), a technology-based lending company, which empowers Filipinos with access to microloans and business loans.

Based on third-party provider data.ai, as of June 30, 2025, GCash remains as the number one finance super-app in the country, bannered by ubiquity across its active user base. Under its Payments offerings, customers can easily send and receive money anywhere in the Philippines, even to other bank accounts, purchase prepaid airtime load, pay bills nationwide, and purchase from their partner merchants and social sellers.

In addition, Mynt has gone beyond the nation’s borders. As of June 30, 2025, it now offers payments in over 200 countries and territories with the GCash Visa Card and Global Pay, in partnership with Alipay+, to enable a seamless and secure payment experience across millions of merchants abroad through Scan to Pay. As of June 30, 2025, Mynt also empowers overseas Filipinos in 145 countries to manage their finances through GCash Overseas. They can now use the GCash app with their international mobile numbers, giving them access to services such as Send Money, Pay Bills, and Buy Load.

Beyond Payments, the GCash application also features a range of Digital Financial

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