Converge ICT Reports Strong Growth in H1 2025, Transitioning to a Techco
Converge ICT Solutions Inc. (PSE: CNVRG), a leading fiber broadband provider, has announced a strong financial performance in the first half of 2025, driven by robust demand for its residential and enterprise services. The company is now actively transitioning from a traditional telco to a "techco," focusing on digital innovations and an expanded technology solutions portfolio.
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| Converge Reports Strong Growth in H1 2025, Transitioning to a Techco |
Strong Financial and Subscriber Growth
Converge's consolidated revenues saw an 11.6% increase to P21.8 billion, with net income rising by 12.4% to P5.9 billion year-on-year. The company's subscriber base also grew significantly, adding over 260,000 new residential fiber customers in the first half, bringing its total to 2.8 million.
- Residential Revenues: P18.4 billion (10.4% YoY growth)
- Enterprise Revenues: P3.4 billion (18.3% YoY growth)
From Telco to Techco: A Bold Transformation
Converge is rebranding with a new corporate identity that reflects its evolution into a pioneering technology company. This transition is supported by key infrastructure and leadership developments:
- Certified Tier III Data Center: The company's Caloocan Data Center is now a fully certified Tier III facility by the Uptime Institute, making it the first and only one in the Philippines to achieve this status.
- Global Connectivity: The trans-Pacific Bifrost Cable System has landed in Davao, enhancing speed, resilience, and capacity for global communications.
- Strategic Leadership: Mr. Park Weongi, the former CEO of NAVER Cloud, has joined the Board of Directors to guide the company in expanding its technology solutions, including cloud and AI services.
New Services and Accolades
Leveraging its upgraded infrastructure, Converge is launching new services and has recently received prestigious industry recognition.
- Super FiberX: A new offering that integrates high-speed broadband with the retooled Xperience Hub, providing an enhanced digital experience.
- Ookla Speedtest Awards: Converge won all four major categories at the Ookla Speedtest Awards, solidifying its position as the top fiber internet provider in the country.
- Corporate Governance: The company was named one of the Top 5 publicly listed companies in the Philippines and ranked among the Top 50 in ASEAN at the ASEAN Corporate Governance Awards 2025.
For more information, visit www.converge.com.