Despite tough economic headwinds and inflation squeezing budgets across the board, Philippine fiber giant Converge ICT Solutions Inc. is proving that smart infrastructure investments pay off. The tech provider clocked P34.2 billion in revenues for the first nine months of the year—a nearly 4% jump year-on-year—powered by massive enterprise momentum and a rock-solid residential user base of over 3.1 million subscribers.
While everyday consumers know Converge for powering their homes, the real powerhouse story this year is happening behind the scenes in the B2B space.
Enterprise Engine Hits Top Gear
Converge’s Enterprise segment surged 22% year-on-year to P6.4 billion. Large corporate revenues jumped 29.3%, while the SME division grew 15.4%, driven by targeted digital solutions for growing businesses.
“Our Enterprise business is driving growth for Converge as we see the impact of our investments in digital infrastructure needed by both large corporates and wholesale operators,” shares Dennis Anthony Uy, CEO and Co-Founder of Converge.
That growth momentum isn’t slowing down anytime soon. Converge Chief Operations Officer Benjamin Azada noted major wins across global tech firms, international carriers, luxury hotels, and local government units. Even bigger news for Asia-Pacific connectivity: Converge’s new international subsea cable systems—Bifrost and SEA-H2X—are officially online, opening up high-capacity wholesale opportunities.
Disciplined Financials & Industry-Leading Returns
Solid growth requires smart spending. Converge delivered P8.1 billion in net profit (a healthy 23.6% net margin) and recorded P19.9 billion in EBITDA (a 58.0% EBITDA margin), sitting comfortably within full-year targets.
- Net Income: P8.1 Billion (23.6% Net Margin)
- EBITDA: P19.9 Billion (58.0% EBITDA Margin)
- ROIC: Industry-leading 14.5% Return on Invested Capital
Grace Uy, President and Co-Founder, attributes this balance to disciplined cost management: “By carefully managing our resources and prioritizing investments that deliver long-term value, we remain focused on driving sustainable profitability and creating greater value for our stakeholders.”
CFO Robert Yu echoed this sentiment, pointing out that an industry-leading 14.5% ROIC demonstrates how targeted, high-impact capital spending can expand market reach without sacrificing profitability.
Tech Security, Governance, and Workplace Culture
Growth means little without a strong foundation. On the technology and security front, Converge officially secured the ISO/IEC 27001:2022 certification, meeting the gold standard for global data protection and cybersecurity management.
Beyond the numbers and network cables, Converge continues to set benchmarks for corporate responsibility and workplace excellence:
- Governance Excellence: Awarded the prestigious Five Golden Arrow rating by the Institute of Corporate Directors for the second year in a row—the highest governance honor for Philippine listed companies.
- People First: Swept three awards at the HR Asia Best Companies to Work for in Asia Awards, earning trophies for Best Companies to Work For, Diversity, Equity, & Inclusion, and Sustainable Workplace.
Addressing the evolving tech landscape, Atty. Laurice Esteban-Tuason, Corporate Compliance, Data Protection, and Sustainability Officer, summed it up best: “In the face of a changing regulatory landscape and shifting business environment, including the impact of AI on how corporations manage operations, Converge continues to exemplify that upholding the highest standards of corporate governance remains a constant.”
- Chef Aaron Isip Brings Michelin-Starred Excellence to Everyday Cooking with Toshiba Appliances - November 10, 2026
- JCI World Congress 2026: Palawan Group and JCI Manila Team Up to Support Young Entrepreneurs - November 10, 2026
- Add To Cart, Mommies! The Ultimate Watsons 11.11 Deals for Mom and Baby Essentials - November 10, 2026
Leave a Reply