Leading Philippine fiber broadband provider Converge ICT Solutions Inc. reported strong growth in the first quarter of 2026, posting ₱11.2 billion in revenues as its total subscriber base climbed to 3.09 million, driven largely by rapid expansion in prepaid fiber internet adoption.
A key growth engine was the company’s Surf2Sawa (S2S) service, which saw its subscriber base jump 86.7% year-on-year to 674,000 users, underscoring rising demand for affordable, flexible fiber connectivity across the Philippines.
Converge Co-Founder and CEO Dennis Anthony Uy said the company is intensifying its fiber expansion, particularly in Visayas and Mindanao, while strengthening its national digital infrastructure to support cloud and data-heavy services for both consumers and enterprise clients.
The company’s enterprise segment also delivered steady performance, growing 16% year-on-year to ₱2 billion in revenue, supported by increased demand for digital connectivity solutions from businesses.
Converge highlighted its completion of a future-ready national digital infrastructure, which includes fiber backbone expansion, subsea cable systems, satellite networks, cable landing stations, and scalable data centers—positioning the Philippines as a stronger node in the global digital economy.
For Q1 2026, the company posted ₱3.02 billion in net income, with EBITDA rising 3.3% to ₱6.9 billion and maintaining a strong 61.8% margin. Return on invested capital (ROIC) stood at 15.6%.
Converge President and Co-Founder Maria Grace Uy emphasized resilience amid economic uncertainty, noting ongoing improvements in network performance and customer support efficiency.
Chief Finance Officer Robert Yu said capital expenditures of ₱2.9 billion for the quarter will support continued network expansion and readiness for future demand, with full-year capex guidance maintained at ₱18 billion to ₱23 billion.
Meanwhile, Chief Operations Officer Benjamin Azada reported improvements in outage frequency, repair speed, and customer response times as the company invests in proactive network maintenance.
Converge also reaffirmed its leadership in broadband performance after securing multiple Ookla awards, including Fastest Fixed Network and Best Fixed Network in the second half of 2025. — Reynaldo “Rey” Vicente
