Globe Sustains Growth Momentum in 4Q, Capping FY2025 with Record Performance on the Back of Robust Data and Digital Services

Globe posted a record P165.1 billion in consolidated gross service revenues for full-year 2025, continuing its growth trajectory and beating record levels achieved in 2024. Despite persistent inflation and the compounded impact of severe natural calamities during the year, Globe hit superior topline performance. While these events disrupted connectivity and consumer activity in several regions, particularly during the fourth quarter, demand for data and digital services remained robust. Consolidated gross service revenues for the fourth quarter reached a record P43.4 billion, up 5% quarter-on-quarter, supported by increased traffic and mobile data usage, resilient broadband demand, and excellent operational execution. This performance highlights Globe’s agility and resilience in sustaining growth momentum amid a highly competitive environment.

Globe’s burgeoning digital ecosystem served as a key revenue driver in 2025, with data-related services encompassing mobile data, home broadband, and enterprise connectivity, accounting for 88% of total consolidated service revenues, up from 86% in 2024. This highlights the success of the Company’s core and digital services in powering everyday connectivity. 

Globe’s mobile business delivered another record year in 2025, posting an all-time high of P116.9 billion in service revenues, slightly higher than P116.7 billion in 2024, despite a challenging macroeconomic backdrop. Mobile ended the year on a strong note, with fourth quarter service revenues rising 5% sequentially to P30.7 billion, driven by customer preference and sustained data usage in both prepaid and postpaid. This improvement was anchored on deeper data habituation, accelerating 5G adoption, and hyper-personalized offers that reinforced customer loyalty and engagement. Globe’s sustained investments in network reliability and capacity expansion supported these gains, ensuring consistent service quality and an enhanced user experience nationwide. By end-2025, Globe’s total mobile subscriber base rose to 65.8 million, up a solid 8% from 60.9 million in 2024, attesting to the brand’s enduring market position and ability to attract new customers. 

Within the mobile segment, mobile data revenues climbed to a new record of P101.2 billion in 2025, up 4% from P97.4 billion the previous year. This was fueled by superior data monetization and continued 5G expansion, supported by rising engagement in digital content, streaming, and cashless platforms. Total mobile data traffic came in at 6,614 petabytes by the end of 2025, up 4% versus the prior year, confirming Globe’s ability to capture greater value from each gigabyte consumed. Mobile top-up activity held steady throughout the year, indicating consistent reload behavior across Globe’s prepaid brands. A seasonal uplift in the fourth quarter reinforced overall stability in the mobile business. 

By end-2025, Globe’s mobile data user base expanded to 39.2 million, up 5% year-on-year from 37.4 million, reflecting sustained adoption and usage despite a softer macroeconomic backdrop. Mobile data now accounts for 87% of total mobile service revenues, up from 83% in 2024, as customers increasingly prioritize data-centric experiences. This performance underscores the ongoing shift toward digital and app-based communication, even as traditional voice and SMS services continue their gradual decline. 

In 2025, Globe At Home broadband business delivered a solid performance, generating P24.0 billion in revenues, up 1% from P23.8 billion in 2024, as sustained fiber adoption offset the decline in legacy fixed wireless services. While fourth-quarter revenues were flat quarter-on-quarter at P6.1 billion, the segment maintained a stable trajectory, supported by an uptick in fiber base and improving customer engagement.

Fiber services continued to grow, with revenues rising 6% year-on-year. The total fiber subscriber base increased by 43%, lifting Globe’s broadband subscribers to 2.1 million in 2025 from 1.7 million in the prior year. Fiber now accounts for 91% of total home broadband revenues, up from 87% last year, demonstrating Globe’s successful fiber-led strategy. 

Within this segment, GFiber Prepaid (GFP) gained traction, further solidifying its position as the country’s #1, fastest-growing prepaid fiber service. The GFP subscriber base climbed to over 820 thousand by end of 2025, showing Globe’s success in democratizing fiber home internet access and extending reach across more Filipino households. The brand’s accessible and flexible offers resonate with customers, driving broader adoption and deeper engagement. This strong performance in GFP and fiber overall highlights Globe’s effective execution of its connectivity transformation strategy, ensuring that more homes benefit from consistent internet access. 

To address the increasing need for flexible, high-speed connectivity suited to today’s digital lifestyles, Globe broadened its home broadband portfolio with the Globe At Home 5G WiFi loop, a pioneering device designed to bring fiber-like speeds and unlimited internet access both at home and on the go. Since its launch in September 2025, the 5G WiFi loop has recorded encouraging initial uptake, underscoring customers’ interest in portable and reliable broadband solutions. Offered exclusively in select Globe stores, the 5G WiFi loop features an easy, plug-and-play setup that enables users to stay connected anytime, anywhere ideal for modern, always-on households. A world first, the device integrates a WiFi router with an Android touchscreen interface, high-quality speakers, and long-lasting batteries, allowing users to enjoy high-speed connectivity wherever they choose to stay connected from home offices to weekend getaways. Globe continues to enhance the 5G loop experience based on customer feedback, ensuring a seamless, dependable connection that adapts to evolving lifestyle.

Meanwhile, the corporate data business generated an all-time high P20.7 billion in revenues for full-year 2025, up 1% from P20.4 billion in 2024, marking a stabilization in enterprise spending. On a sequential basis, revenues rose 6% quarter-on-quarter to P5.7 billion in the fourth quarter from P5.4 billion in the third quarter, due to sustained demand for ICT-related services. The year’s performance was mainly driven by sustained growth in ICT-related solutions, including cybersecurity, cloud solutions and Business Application Solutions (BAS), as partly offset by the decline in core data services due to cautious enterprise spending. ICT maintained its momentum, with BAS growing by 31% quarter-on-quarter. Globe is progressing its enterprise portfolio through AI integration and investments in high-impact digital infrastructure such as subsea cables and data centers, positioning the Company to capture emerging demand from digital transformation initiatives across the public and private sectors. The corporate data business remains a strategic pillar of Globe’s enterprise portfolio, reinforcing the Company’s transition beyond connectivity toward integrated, technology-led solutions that power the country’s evolving digital economy.

Beyond its core businesses, Globe’s non-telco portfolio posted P2.3 billion in revenues for 2025, 12% lower year-on-year, amid softer advertising results from AdSpark and lower Asticom revenues outweighed improvements from Yondu.

Globe’s ongoing cost management initiatives delivered operational efficiencies, with total operating expenses and subsidy amounting to P77.5 billion for full-year 2025, down 1% from the previous year. The decline was mainly driven by lower marketing and subsidy costs, which fell 25% year-on-year, alongside reductions in provisions (-9%), services and other costs (-3%), and staff costs (-1%). Utilities and administrative expenses likewise eased by 2%, from P11.5 billion a year ago. These savings partially offset higher interconnect costs (+18%), lease expenses (+10%), and repairs and maintenance (+10%) for the year. On a sequential basis, total operating expenses and subsidy increased by 3% in the fourth quarter, largely on higher marketing and subsidy spend as well as increased repairs and maintenance. This was partly mitigated by quarter-on-quarter declines in staff costs, utilities and other administrative expenses, lease expenses, and provisions. 

Full-year 2025 EBITDA reached P87.6 billion in 2025, up 1% from the previous year. EBITDA margin stood at 53.1%, surpassing the Company’s guidance and highlighting Globe’s ability to sustain healthy profitability while maintaining investments in service quality and customer experience. On a sequential basis, fourth-quarter EBITDA rose 6% quarter-on-quarter to P23.4 billion.

Mynt, the parent company of GCash, delivered a solid performance in 2025, maintaining its position as the Philippines’ leading digital financial platform. The Company demonstrated resilience, supported by healthy transaction volumes and sustained profitability. Mynt continued to enable the growth of digital finance through its payments, lending, and financial management services, extending access to millions of Filipinos nationwide. For the full year ended December 2025, Globe’s equity share in Mynt amounted to P6.1 billion, contributing around 22% of the Company’s pre-tax income. Mynt was a significant contributor to Globe’s earnings and a cornerstone of its digital ecosystem, supporting the country’s ongoing digital and financial inclusion efforts. In comparison to the third quarter, Globe’s equity share in Mynt in the fourth quarter was affected by three factors: (1) a change in accounting policy for loan processing fee revenue recognition, (2) regulatory change on licensed online gaming, and (3) seasonally higher spending in the fourth quarter. Nonetheless, Mynt’s full year performance remains strong, underpinned by the rapid growth of its CreditTech business and supported by its core payments and transfers business.

For full-year 2025, Globe posted net income of P23.3 billion, slightly lower from P24.3 billion in 2024, driven by elevated depreciation and interest expenses. The total includes non-recurring items such as gains from the deemed disposal of Mynt shares related to MUFG’s equity investment earlier in the year, as well as gains from the tower sale and lease back deal. Excluding these one-off items, normalized net income ended at P20.8 billion, lower by 4% year-on-year.

Core net income, which removes the impact of non-recurring items such as asset sales, foreign exchange movements, and mark-to-market adjustments, amounted to P20.9 billion, compared to P21.5 billion in the previous year.

As of end-December 2025, Globe maintained a solid financial position, with total debt of P256.3 billion, up 3% from P249.5 billion at the end of 2024. The increase came from prudent funding activities that supported ongoing capital investments. Leverage ratios stayed well within covenant thresholds, with Gross Debt to EBITDA at 2.63x, Net Debt to EBITDA at 2.38x, and a Debt Service Coverage Ratio of 3.20x. These metrics demonstrate Globe’s discipline in managing its capital structure and preserving balance sheet strength. 

“Our fourth-quarter results marked another resilient year for Globe,” said Carl Raymond R. Cruz, President and CEO of Globe Telecom Inc. “Coming off a record 2024, we gathered momentum in the last three quarters following a soft start and delivered a record performance in 2025, reaffirming the strength, and adaptability of our core business. The sustained pace across mobile, broadband, and corporate data, coupled with disciplined cost management, enabled us to achieve positive free cash flow while continuing to invest in network quality and customer experience. This performance reflects the commitment and malasakit of our teams, who never lose sight of what matters most—serving our customers better amid a rapidly changing and challenging business environment.”. 

“Our 2025 results provide a solid springboard for 2026, as we deepen our focus on creating everyday impact for our customers. We will further enhance our 5G footprint, broaden GFiber Prepaid’s reach, and scale our digital ventures such as GCash and enterprise solutions to meet the consumer’s evolving demands. As digital becomes part of daily life, Globe’s mission remains clear: to anticipate our customers’ needs and deliver meaningful innovation that improves lives, empowers communities, and supports the country’s broader push toward digitalization and inclusive growth,” Mr. Cruz added. 

Globe’s cash capital expenditures for full-year 2025 amounted to P46.2 billion, down 18% from P56.2 billion in 2024, reinforcing the Company’s disciplined and strategic capital deployment in line with full-year guidance of below US$1 billion. This level of spending represents 28% of service revenues, underscoring Globe’s sustained focus on capital efficiency and prudent financial execution. Supported by stable topline performance and prudent resource allocation, Globe delivered positive free cash flow for the year, in line with expectations. 

The capex-to-EBITDA ratio likewise declined to 53% from 65% a year ago. These improvements strengthened Globe’s financial flexibility and capacity to fund targeted network projects. Approximately 90% of total capex was allocated to data-related initiatives, enabling investments in connectivity and digital infrastructure across the country. 

Globe expanded and modernized its network to support increasing data usage and connectivity requirements. As part of the accelerating shift to fiber connectivity, the Company deployed 115,082 new fiber-to-the-home (FTTH) lines during the year, extending fast and stable internet access to more households nationwide. 

By year-end 2025, Globe further cemented its leadership in 5G connectivity, rolling out 1,549 new 5G sites across key areas nationwide. This brought over 98% population outdoor coverage in NCR and key cities across Visayas and Mindanao, while also extending 5G service to 151 additional towns outside major metropolitan areas, where coverage now exceeds 80%. These milestones underscore Globe’s commitment to delivering reliable connectivity to more Filipinos. On the international front, Globe maintained its extensive 5G roaming network with 178 inbound and 183 outbound partners across 99 destinations, providing seamless connectivity for Filipino travelers.

Furthermore, Globe’s sustained network investments to elevate customer experience and broaden access to high-speed internet were recognized by Ookla, naming Globe the Philippines’ Most Consistent Fixed Network and Most Consistent Mobile Network1 for the period of 2H 2025 and Q4 2025. This recognition places Globe among the top selected Mobile and Fixed Operators in Southeast Asia to achieve national-level consistency awards across both fixed broadband and mobile networks. 

Alongside these network performance recognitions, Globe continues to invest in innovative solutions that extend connectivity beyond the reach of traditional infrastructure. On January 16, 2026, Globe announced a landmark partnership with Starlink, becoming the first to market Starlink’s Direct to Cell (DTC) satellite service in the Philippines and Southeast Asia, and the second in Asia. The historic breakthrough service will allow Filipinos with standard LTE mobile phones to access mobile services such as essential data that offers video, voice and messaging through apps, and text messaging, wherever there is a view of the sky, particularly in areas where terrestrial coverage is unavailable or difficult to deploy. Leveraging Starlink’s constellation of over 650 low-Earth orbit satellites, the initiative helps close mobile coverage gaps across geographically isolated and underserved areas, including the remaining 4% of the population without terrestrial connectivity, strengthening nationwide connectivity and disaster resilience. Starlink is the world’s largest 4G/LTE coverage provider and partners with Mobile Network Operators all over the world. With Globe as its partner in the Philippines, Starlink Direct to Cell will empower Filipino households, businesses, and communities with accessible, consistent connectivity. This collaboration underscores Globe’s vision of a more connected Philippines where every individual has access to essential communication, regardless of location or circumstance. 

These network investments further improved connectivity, enhanced customer experience, and enabled broader access to education, commerce, and digital services. Globe’s commitment to building stronger and more inclusive digital infrastructure supports the country’s long-term competitiveness and contributes to the United Nations’ Sustainable Development Goal No. 9 on industry, innovation, and infrastructure. 

Globe Fintech Innovations, Inc. ("Mynt") is a strategic partnership between Globe, Ayala Corporation, and Ant International, a Singapore-headquartered leading global digital payment, digitization, and financial technology provider. 

Mynt is a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt primarily operates through two wholly-owned subsidiaries: G-Xchange, Inc. ("GXI"), the mobile wallet operator of GCash, offering convenient financial services to Filipinos, and Fuse Financing Inc. ("Fuse"), a technology-based lending company, which empowers Filipinos with access to microloans and business loans. 

Based on third-party provider Sensor Tower, as of December 31, 2025, GCash remains as the number one finance super-app in the country, bannered by ubiquity across its active user base. Under its Payments offerings, customers can easily send and receive money anywhere in the Philippines, even to other bank accounts, purchase prepaid airtime load, pay bills nationwide, and purchase from their partner merchants and social sellers. 

Mynt has also gone beyond the nation’s borders. It offers payments in over 220 countries and territories with the GCash Visa Card and Global Pay, in partnership with Alipay+, to enable a seamless and secure payment experience across millions of merchants abroad through Scan to Pay. Through GCash Overseas, overseas Filipinos in 145 countries can also use the GCash app with their international mobile numbers, giving them access to services such as Send Money, Pay Bills, and Buy Load. In 2025, GCash also introduced the GCash Virtual US Account, enabling its users to directly receive US dollars in their e-wallets, converting them to Philippine Pesos as needed with reduced fees compared to traditional methods. 

Beyond Payments, the GCash app also features a range of Digital Financial Services through its CreditTech and WealthTech products. On CreditTech, backed by a proprietary trust platform and credit scoring via GScore, Fuse has provided credit access to millions of borrowers, of which the majority are from lower socio-economic classes. These milestones were achieved through innovative lending products covering credit lines (via GCredit), cash loans (via GLoan), buy-now-pay-later (via GGives), and micro-credit starter loans (via Sakto Loan and Borrow Load), providing loans to more Filipinos who need it the most. The GCash application also provides a comprehensive suite of WealthTech services, covering savings (via GSave), investments (via GFunds, GStocks, GCrypto, and the newly launched GBonds), and insurance products (via GInsure). 

Moving beyond transactions, GCash incorporates sustainability across its innovation initiatives. The GForest movement empowers users to accumulate green energy and plant trees by simply using GCash. As of December 31, 2025, more than 4.7 million trees have been planted, enabling GCash users to build a greener tomorrow.

ST Telemedia Global Data Centres Philippines (STT GDC Philippines) is a joint venture partnership between Globe Telecom, ST Telemedia Global Data Centres, and Ayala Corporation. It is dedicated to providing state-of-the-art digital infrastructure and data center services, with a focus on operational excellence, sustainability, and innovation. 

During the quarter, STT Fairview 1 successfully opened its first data hall and is now operational with a key 1MW customer deployment. The Level 2 fit-out is ongoing, and STT Cavite 2 has been energized, with testing and commissioning currently in progress. STT GDC Philippines continues to pursue high-visibility activities focused on industry advocacy through key events, engagements with relevant business organizations, and various sales campaigns.

Globe’s Sustainability practice is anchored on the Globe Purpose to “Uplift Filipino Lives Everyday”. By aligning with global sustainability frameworks, standards, and principles such as the United Nations’ Sustainable Development Goals (UN SDGs) and UN Global Compact and industry sustainability ambitions, the company is able to collaborate with its stakeholders to deliver positive societal and environmental impact. Globe is focused on addressing its material topics by scaling the integration of its sustainability practices within its business units and across the value chain.   

Globe Telecom, Inc. is a leading digital platform in the Philippines with interests in telecommunications, fintech, data center services, venture building, shared services, and digital marketing. It is listed on the Philippine Stock Exchange under the symbol GLO. The company delivers a full suite of mobile, broadband, data, and managed services to meet the needs of consumers and businesses. 

A UN Global Compact Participant, Globe is the first publicly listed Philippine firm with approved near- and long-term science-based targets under the SBTi. It was named one of TIME and Statista’s Most Sustainable Companies in 2025 and certified as a Great Place To Work® for its strong culture of care, collaboration, and innovation. Globe consistently garners awards as a top performing publicly-listed company for its corporate governance, both locally and within the ASEAN Region. Its back-to-back inclusion in the Fortune Southeast Asia 500 in 2024 and 2025 affirms its growth and leadership. Its principals are Ayala Corporation and Singtel, prominent industry leaders in the region. 

​It is listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization of US$3.9 billion as of the end of December 2025.