Globe eyes mid-single-digit revenue growth in 2026

Ayala-led Globe Telecom Inc. is targeting low- to mid-single-digit revenue growth in 2026 after posting a slight decline in operating revenues and net income in 2025 amid persistent inflation and severe natural calamities.

In a regulatory filing, Globe said revenues are expected to be supported by growth across existing product platforms, with continued momentum in mobile, broadband, and fintech services.

The company reported a 1% drop in operating revenues to P178.24 billion in 2025.

Service revenues inched up to P165.08 billion from P165.02 billion, driven by mobile revenues, which rose to P116.85 billion from P116.71 billion, and home broadband revenues, which increased to P23.98 billion from P23.79 billion.

Fixed-line voice revenues declined 17% to P1.25 billion, while non-telco revenues from subsidiaries fell 12%. Non-service revenues also dropped 15% to P13.16 billion.

As a result, net income after tax slipped 4% to P23.26 billion, while core net income declined 3% to P20.89 billion. Normalized net income likewise fell 4% to P20.80 billion.

For the fourth quarter alone, operating revenues rose 5% to P46.47 billion from the previous quarter. Net income after tax grew 6% to P5.57 billion, while core net income increased 8% to P5.44 billion.

“Our fourth-quarter results marked another resilient year for Globe. Coming off a record 2024, we gained momentum in the last three quarters following a soft start and delivered a record performance in 2025, reaffirming the strength and adaptability of our core business,” Globe president and chief executive officer Carl Raymond Cruz said.

“The sustained pace across mobile, broadband, and corporate data, coupled with disciplined cost management, enabled us to generate positive free cash flow while continuing to invest in network quality and customer experience,” he added.

Globe said it has kept its capital expenditure program below $1.0 billion this year to support free cash flow generation while optimizing investments in critical infrastructure.—MCG, GMA Integrated News