Converge ICT Achieves 3 Million Subscribers with Steady Q1 Profit
Converge ICT Solutions Inc. reported a net income of P3.02 billion in Q1 2026, a slight increase from P3.01 billion in Q1 2025. Revenue rose 3.7% to P11.2 billion, with residential business reaching P9.2 billion and 3,089,144 subscribers, highlighting resilience amid global tensions.
Theia Market Signal Identification - AI AssistedConverge ICT Solutions Inc. maintained a net income of P3.02 billion in the first quarter of 2026, slightly up from P3.01 billion in the same quarter of the previous year. Consolidated revenues increased by 3.7% to P11.2 billion, driven by a 16% growth in enterprise revenues to P2 billion and a strong performance in the small and medium enterprise segment, which grew 17%.
Subscriber count surpassed 3 million, reaching 3,089,144, with residential revenue at P9.2 billion. The company has been hiring network personnel since late 2025 to strengthen infrastructure and ensure efficient maintenance. Additionally, Converge expanded its data center capabilities with two new facilities, enhancing its ability to meet data residency and computing demands.
Comments