Converge reaches 3M subscribers, gains ₱11.2B revenue 1st quarter 2026

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)

 

Converge’s prepaid Surf2Sawa reaches over 500K active subscribers

CEBU CITY -- Converge ICT Solutions Inc. (Converge) prepaid brand Surf2Sawa (S2S) has recently reached 500,000 active subscribers just two years after its rollout to provide affordable and inclusive broadband internet.

“It's been over two years since Converge introduced the prepaid model and we are pleased that this resonated deeply with consumers, as shown by the numbers. We see competitors have followed our example and introduced their own prepaid offerings. We see this as a win for wider broadband access,” Converge CEO and Co-Founder Dennis Anthony Uy bared.

Uy said that this reflects the strong adoption of the market to prepaid broadband services which have started to become mainstream, with more customers looking for budget friendly and on-demand connectivity.

Surf2Sawa, a brainchild of Uy, was launched in end-2022 to cater to the connectivity needs of the mass market, known to be more budget-sensitive and often unable to avail entry-level postpaid internet plans.

According to JP Aguilar, Officer-in-Charge (OIC) and Head of Consumer and SME at Converge that this is a big step in advancing digital inclusion as well as meeting the changing needs of customers. “We are only just getting started in our commitment to bringing every Juan, Maria, and Pedro -- every Filipino -- to be online and ready for the future, through S2S Prepaid,” he added.

S2S features flexible top-up options from P50 to P700, unlimited internet, minimal installation requirements and fees, and a contract-free setup. It accommodates up to six connected devices, serving an average speed of up to 50 Mbps.

“For years, many Filipinos have had to rely on wireless alternatives that, while useful, often fall short in offering reliable connectivity. S2S fills in that gap, and we’re glad to see that more customers are embracing this. The growth runway for us is still wide, as we continue to improve awareness and accessibility of our brand,” Converge VP and Product Management Business Unit Head of Surf2Sawa Conrado Pascual noted.

He added that the demand for S2S has been particularly strong in major urban centers in the National Capital Region (NCR), as well as South and Central Luzon, where many homes are experiencing fiber connectivity for the first time. It has also been picking up steam in different regions in Visayas and Mindanao, supported by the firm’s growing network presence and continuous rollout of fiber infrastructure.

Pascual mentioned that the customers’ reception to S2S can also be attributed to their innovative approach to marketing which include grassroots promotions through BRGY. S2S, or those fiesta-style events in select communities for residents to know about Surf2Sawa firsthand.

Converge celebrated its half-million-prepaid-subscriber achievement last September 9 through an engagement activity with employees in its headquarters in Pasig. The company had a ceremonial countdown to watch in real-time the subscriber count climb of S2S. Some players from Converge FiberXers joined the event, which included a karaoke contest, games, and prizes for employees. (Photos: Converge)