CEBU CITY – Converge ICT Solutions Inc. (PSE: CNVRG) reached 3M subscribers in its prepaid fiber internet users, sustaining growth with P11.2 billion in revenues in the first quarter of 2026.
“We are focused on expanding our fiber footprint, especially in the Visayas and Mindanao, to serve more Filipinos with world-class connectivity. Our enterprise customers will also get a boost with the completion of our national digital infrastructure that sets the stage for providing cloud and data heavy services,” said Converge Co-Founder and CEO Dennis Anthony Uy, in a zoom media briefing on May 14.
Uy bared that as of end-March 2026, the total Converge subscriber base reached 3.09 million, representing a 14% year-on-year (YoY) improvement. A key driver of this growth was the Surf2Sawa (S2S) prepaid fiber service, which saw its subscriber base skyrocket by 86.7% YoY to reach 674,000 customers.
The company’s Enterprise business has also
sustained its growth trajectory, with revenues seeing a 16% growth during the
quarter to reach P 2 billion.
For the first quarter of 2026, Converge registered P 3.02 billion in net income. Its EBITDA grew by 3.3% to P 6.9 billion with an EBITDA margin of 61.8 %, and Return on Invested Capital (ROIC) standing at 15.6% by the end of the period.
“Despite geopolitical turmoil affecting the local economy and its growth prospects, we are able to insulate much of our operations from these. Our financial performance in the first quarter remains steady and we assure our subscribers - now at 3 million - that we hear them, and we’re improving resolution of our network challenges,” said Converge President and Co-Founder Maria Grace Uy.
Converge Chief Finance Officer Robert Yu bared
that total cash capex for the first quarter of 2026 amounted to P 2.9 billion
and the company maintains its capex guidance range at P18 billion to P23
billion as reported at the start of the year.
The company’s capex would mainly be used for the continued expansion and reinforcement of the network to continuously deliver reliable services, and at the same time, to prepare the company for future demand. “As we anticipate growth for both our consumer and enterprise segments, we want to keep our infrastructure resilient to support evolving customer needs and deliver more digital services,” said Yu.
Converge recently marked the completion of its future-ready national digital infrastructure designed to prop up its delivery of cutting-edge technologies and cement the Philippines’ position as a vital node in the global digital economy. The said architecture consists of its extensive fiber backbone and satellite network, international subsea cable systems, cable landing stations, and scalable data centers.
In April, Converge again took home the majority of the Ookla broadband performance awards, specifically the titles of Fastest Fixed Network, Best Fixed Network, Best Video Experience, and the Lowest Latency in the second half of 2025, marking its leadership in broadband in the country for three straight years.
“While challenges remain, we’re seeing steady
improvement in outage frequency and repair speeds. The number of subscribers
impacted by network trouble has also been coming down. Response and handling
times of our customer support teams are likewise improving. We’re investing in
network upgrades and proactive maintenance, so you can expect us to keep
improving on these metrics,” noted Benjamin Azada, Converge Chief Operations
Officer. (Photos: Converge)
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