Globe Telecom (GLO) investor relations material

Executive summary

• Achieved record-breaking consolidated gross service revenues of PHP 85.4 billion for H1 2026, up 6% year-on-year, with Q2 revenues at an all-time high of PHP 43.4 billion, driven by growth in mobile, broadband, and corporate data segments.

• Data-driven revenues comprised 91% of total, reflecting ongoing digital transformation and diversification.

• EBITDA rose 6% year-on-year to PHP 44.9 billion, with a margin of 52.6%, maintaining resilience despite macroeconomic headwinds.

• Core net income for H1 2026 was PHP 10.2 billion; reported net income declined 11% year-on-year to PHP 11 billion due to lower dilution gains from Mynt and higher non-operating charges.

• Mynt contributed 28% of net income before tax in H1; Mynt filed for IPO with up to 8 billion shares at up to PHP 10 per share.

Financial highlights

• Operating revenues for H1 2026 were PHP 92.7 billion, up 6% year-on-year.

• Mobile service revenues grew 6% to PHP 60.4 billion, with mobile data up 10% year-on-year and now 89% of mobile revenues.

• Broadband revenues for H1 were PHP 12.4 billion, up 6% year-on-year; fiber accounted for 93% of segment revenues.

• Corporate data revenues hit PHP 11 billion for H1, up 15% year-on-year, driven by domestic internet and ICT services.

• Non-telco revenues fell 25% year-on-year due to Yondu deconsolidation.

Outlook and guidance

• Full-year outlook maintained: low to mid-single digit growth, EBITDA margin target around 50%, CapEx below $1 billion.

• External risks include geopolitical headwinds, persistent core inflation, and tighter household budgets impacting consumer spending.

• Strategy remains focused on disciplined execution, expanding 5G and fiber, and scaling digital platforms.