Converge ICT Solutions Inc. is seeing stronger demand from businesses and government institutions as the Philippines’ digital transformation push continues to drive growth in its enterprise operations, the company said during a recent virtual media briefing.
The company’s Enterprise segment generated more than P3.9 billion in revenue during the first half of 2026, representing a 15.1-percent increase from the same period last year. The segment emerged as a major contributor to Converge’s overall performance, helping lift consolidated revenues to P22.4 billion, up 3.1 percent year on year.
Chief Financial Officer Robert Yu said the company’s enterprise customers are increasingly expanding their use of Converge’s services, supporting what he described as a more durable source of recurring growth.
Both major customer groups posted double-digit gains during the period. Revenue from small and medium enterprises climbed 15.7 percent, supported by growing demand for high-speed fiber connectivity, while revenue from enterprise and large corporate accounts increased 14.8 percent.
The latter segment includes public-sector customers and benefited from larger contracts, growing demand for data-intensive services and Converge’s nationwide digital infrastructure.
Converge Global Business, the company’s large enterprise unit, has also recently entered into partnerships with universities and local government units to support their digitalization efforts through connectivity solutions.
Despite the faster growth in its enterprise business, residential customers continued to account for the bulk of Converge’s revenues, generating P18.5 billion in the first six months of the year. The company’s total subscriber base reached 3.09 million as of the end of June.
Converge also pointed to improvements in network performance and customer service as factors supporting its business momentum. The company said customer complaints fell 84 percent from January through June 2026, while its network ranked first in fixed broadband performance in the Department of Information and Communications Technology’s Oplan Bantay Signal second-quarter report.
The company reported average fixed broadband latency of 5 milliseconds and download speeds of 158 Mbps in the government assessment.
Its network performance also earned three distinctions in the Ookla Speedtest Awards for the first half of 2026: “Best Internet,” “Fastest Internet” and “Best Fixed Latency.”
Chief Operating Officer Benjamin Azada said the company is increasingly seeing the impact of network improvements in customers’ daily experiences, including faster resolution of service concerns.
Financially, Converge maintained stable results despite higher oil prices and inflationary pressures. EBITDA reached P13.3 billion, translating to a 59.1-percent margin, while net income after tax stood at P5.5 billion, equivalent to a 24.4-percent net income margin.
Return on invested capital remained at 14.9 percent, with the company continuing to direct investments toward network expansion and hardening.
Cash capital expenditures totaled P5.7 billion during the first half, while net debt stood at P15.6 billion. The company reported a gross debt-to-total equity ratio of 0.4 times.
With businesses, government agencies and other institutions continuing to invest in digital infrastructure, Converge is positioning its enterprise operations as an increasingly important growth pillar alongside its established residential broadband business.