Globe Telecom has announced its financial results for the first quarter of 2026, posting a consolidated gross service revenue of ₱42.0 billion, a 5% increase compared to the same period last year. This achievement comes in a difficult macroeconomic environment, showcasing the company's resilience.
Revenue Breakdown Highlights Data and Fiber Growth
We are pleased to have sustained our momentum into the first quarter of 2026, delivering resilient topline growth of 5% year-on-year. This was driven by disciplined execution and prudent cost management, resulting in a 7% increase in EBITDA and a 9% uplift in Core NIAT.
Carl Raymond R. Cruz, President and CEO of Globe Telecom Inc.
- Mobile business revenues at ₱30.0 billion, up 6% YoY
- Home broadband revenues at ₱6.2 billion, up 6% YoY
- Corporate data revenues at ₱5.1 billion, up 6% YoY
Mobile data revenues were particularly strong, reaching ₱26.8 billion, which reflects an 11% year-on-year growth. This increase is attributed to rising consumer demand for digital services such as video streaming and gaming, alongside the ongoing adoption of 5G technology.
Globe continues to expand its fiber offerings, with GFiber prepaid subscribers hitting one million as of March 2026. This growth indicates a shift in consumer preferences toward reliable home internet solutions.
Despite the overall positive performance, Globe reported a 20% decline in net income after tax to ₱5.6 billion. This drop is linked to one-time gains recorded in the previous year and increased interest expenses.
Capital Investments and Future Outlook
Globe's capital expenditures reached ₱12.7 billion in Q1 2026, a 51% increase year-on-year, emphasizing its commitment to expanding network capacity. The company aims to enhance its 5G and fiber networks to cater to growing data demands.
As Globe looks ahead, it plans to navigate potential economic challenges while focusing on delivering value to its customers and sustaining its growth trajectory through continued investment in digital infrastructure.