Globe reported consolidated gross service revenues of ₱121.7 billion for the first nine months of 2025, slightly lower than the ₱124.0 billion recorded in the same period last year. While inflation has eased and household spending capacity improved, industry competition and the localized effects of typhoons added pressure. In the third quarter, Globe posted ₱41.5 billion in revenues, a 3% increase from the previous quarter, marking the fastest sequential growth in 13 quarters.
Why it matters: The data-driven shift in the Philippine telecom sector is evident, with mobile and corporate data services now making up 83% of total consolidated revenues. Globe’s growth in mobile data, home broadband, and enterprise solutions shows how digital services are becoming central to daily life and business.
Globe’s mobile business contributed ₱86.2 billion in service revenues for the first nine months, slightly down from ₱87.7 billion a year earlier. Mobile data revenues reached a record ₱74.0 billion, up 2% from 2024, even as total mobile data traffic remained steady at 4,846 petabytes. Mobile subscribers grew to 63.1 million, a 5% increase year-on-year, with average data usage per subscriber holding at about 15 GB per month. Voice and SMS services continued to decline, reflecting the industry’s shift toward data.
Home broadband revenues totaled ₱17.8 billion, broadly flat from last year. Fiber now accounts for 91% of total broadband revenues, with the subscriber base growing 44% to 2.1 million. GFiber Prepaid grew rapidly, reaching 700,000 subscribers, and daily top-ups surged more than fourfold in the third quarter. Globe also launched the Globe At Home 5G Loop, offering high-speed, portable internet for select customers.
Corporate data revenues were ₱15.0 billion, down 3% year-on-year due to lower core data service spending, partially offset by a 14% rise in ICT services such as cybersecurity, data center solutions, and Big Data. Sequentially, corporate data grew 13% in the third quarter, reflecting a rebound in enterprise digitalization. Non-telco revenues declined to ₱1.7 billion, down 4% from last year.
Operating expenses and subsidies for the first nine months were ₱57.5 billion, 3% lower than last year, mainly due to reduced marketing, staff, and service costs. EBITDA was ₱64.2 billion, slightly down from 2024, with a 52.8% margin. Globe’s share in Mynt (GCash) increased to ₱5.3 billion, up 52%, now contributing 25% of net income before tax. Net income for the first nine months was ₱17.7 billion, down 14% year-on-year, with normalized net income at ₱15.2 billion.
Globe’s total debt stood at ₱253.5 billion, with leverage ratios within target. Cash capital expenditures were ₱31.4 billion, down 23% from last year, with 89% of spending directed to data-related projects. Network upgrades included 1,375 new cell sites, 8,699 upgraded sites, 60,193 fiber-to-the-home lines, and 877 new 5G sites. Outdoor 5G coverage now reaches 98.71% of Metro Manila and 98.31% of key cities in Visayas and Mindanao.
On sustainability, Globe has reduced Scope 1 and 2 greenhouse gas emissions by 55% and Scope 3 by 44.86% compared to 2021. The company continues initiatives in digital inclusion, online safety, digital skills, diversity, and community engagement, including partnerships with unconnected.org, Khan Academy, and local disaster relief programs. Globe also maintains leadership in governance and ESG recognition, including FTSE4Good inclusion, HR awards, and sustainability awards.
Carl Raymond R. Cruz, Globe president and CEO, said the results highlight the company’s consistent performance, operational resilience, and growing contributions from digital platforms. Globe aims to focus on customer experience, expand B2B growth, and continue investing in world-class connectivity and innovations to support a digitally empowered Philippines.
