Converge Information and Communications Technology Solution (CNVRG) Q2 2025 earnings summary

Executive summary

• Achieved consolidated revenues of PHP 21.78 billion for H1 2025, up 12% year-over-year, driven by both Residential and Enterprise segments.

• Net income for H1 2025 reached PHP 5.95 billion, a 12% increase from the same period last year.

• EBITDA rose 13% year-over-year to PHP 13.45 billion, with EBITDA margin improving to 61.8%.

• Maintained strong balance sheet and liquidity, with net debt/EBITDA at 0.4x and DSCR at 3.3x.

Financial highlights

• Residential revenues grew 10% year-over-year to PHP 18.37 billion; Enterprise revenues surged 18% to PHP 3.41 billion.

• Cost of services increased 4% to PHP 7.33 billion, while general and administrative expenses rose 19% to PHP 5.03 billion.

• Net profit margin improved to 27.31% from 26.63% year-over-year.

• Earnings per share (basic and diluted) for H1 2025 were PHP 0.82, up from PHP 0.73 in H1 2024.

Outlook and guidance

• Positioned to support further growth in high-speed broadband demand with ample liquidity and low leverage.

• Ongoing investments in network expansion and digital platform services to drive future growth.