Converge ICT Solutions Inc. reported ₱34.2 billion in consolidated revenues for the first nine months of 2026, representing nearly 4% year-on-year growth despite inflationary pressures and slower economic conditions.
The Philippine fiber broadband provider attributed its performance to strong growth in its enterprise business and a stable residential subscriber base, highlighting the increasing contribution of corporate and wholesale connectivity services to its overall operations.
According to the company, enterprise revenues increased by 22% to ₱6.4 billion from January to September 2026. Both its Enterprise and Large Corporate and Small and Medium Enterprise (SME) segments posted double-digit growth, recording increases of 29.3% and 15.4%, respectively.
Converge CEO and Co-Founder Dennis Anthony Uy said the company’s investments in digital infrastructure are helping drive its enterprise business, particularly as demand grows among large corporations and wholesale operators.
He also highlighted the company’s efforts to expand its SME market through targeted programs designed to support smaller businesses.
Enterprise Business Gains Momentum
Converge continues to secure major enterprise accounts across different industries, including international telecommunications carriers, global technology companies, major hotel groups, and local government units.
Chief Operations Officer Benjamin Azada said the company is seeing opportunities in its wholesale business following the activation of its two international submarine cable systems, Bifrost and SEA-H2X.
These international cable investments are expected to strengthen Converge’s position in the wholesale connectivity market while supporting growing demand for international data capacity.
Meanwhile, its residential business remained stable, generating ₱27.9 billion in revenues during the first nine months of 2026. The company ended September with more than 3.1 million residential subscribers.
Converge Maintains Healthy Profitability
Converge recorded ₱8.1 billion in net income for the nine months, equivalent to a net income margin of 23.6%.
Its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached ₱19.9 billion, resulting in a consolidated EBITDA margin of 58.0%. The company said this remains comfortably within its full-year guidance.
President and Co-Founder Grace Uy attributed the company’s financial performance to disciplined cost management and careful allocation of resources.
She said Converge continues to prioritize investments that deliver long-term value while maintaining operational efficiency and healthy profit margins.
The company also reported a Return on Invested Capital (ROIC) of 14.5% for the period, reflecting its focus on capital efficiency and targeted infrastructure investments.
Chief Finance Officer Robert Yu said the company’s ROIC demonstrates its ability to expand its network and operations while maintaining profitability.
Converge Earns Governance and Workplace Recognition
Beyond its financial performance, Converge also received recognition for its corporate governance, workplace culture, and information security practices.
In October 2026, the company earned the prestigious Five Golden Arrow rating from the Institute of Corporate Directors for the second consecutive year. The recognition represents the highest governance distinction for Philippine listed companies under the organization’s assessment.
Converge also received three awards at the HR Asia Best Companies to Work for in Asia Awards 2026. These include:
- Best Companies to Work For
- Diversity, Equity, & Inclusion
- Sustainable Workplace
The company also secured ISO/IEC 27001:2022 certification, an internationally recognized standard for information security management systems. The certification highlights its commitment to strengthening data protection and cybersecurity practices as businesses increasingly rely on digital infrastructure and connected services.
Wrapping Up
Converge’s ₱34.2 billion revenue in the first nine months of 2026 reflects the growing contribution of its enterprise business to its overall operations. While its residential segment continues to provide a stable revenue base with more than 3.1 million subscribers, its corporate, SME, and wholesale businesses are becoming important growth drivers.
With its international submarine cable investments now online and continued expansion in enterprise connectivity, Converge is positioning itself to capture more opportunities in the Philippines’ growing digital economy.
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