Converge Information and Communications Technology Solution (CNVRG) Q2 2026 earnings summary

Executive summary

• Consolidated revenue grew 3.1% year-over-year in 1H2026 to ₱22,445 million, driven by both Residential and Enterprise segments.

• EBITDA reached ₱13.3Bn with a margin of 59.1%, slightly above guidance but lower than the prior year.

• Net income after tax was ₱5.5Bn, representing a 24.4% net margin, but declined 8% YoY due to higher costs.

• End-of-period subscribers as of June 2026 stood at 3.09 million, with a 2.7% monthly churn rate.

• Recognized for best internet, fastest speeds, and lowest latency in the Philippines for 1H2026.

Financial highlights

• Residential revenue grew to ₱18,517 million in 1H2026 (up 1% YoY); Enterprise revenue up 15.1% YoY to ₱3,927 million.

• Consolidated fiber gross adds reached 579,832 in 1H2026.

• EBITDA margin at 59.1% for 1H2026, compared to 61.8% in 1H2025.

• ROIC led the industry at 14.9% for 1H2026.

• Cash and cash equivalents increased to ₱11.3Bn as of June 30, 2026.

Outlook and guidance

• FY2026 revenue growth guidance revised to 4.0%-6.0% amid macroeconomic headwinds.

• EBITDA margin guidance set at 58%-59% for FY2026.

• FY2026 CAPEX expected at ₱17-20Bn, slightly higher than 2025.

• ROIC guidance for FY2026 at 15.5%-16.5%.