Converge Hits Php11.2B Revenue in Q1 2026, Reaches 3 Million Subscriber Milestone
Philippine fiber broadband giant Converge ICT Solutions Inc. (PSE: CNVRG) kicked off the first quarter of 2026 with strong financial growth, generating Php11.2 billion in revenues. This performance was heavily driven by an expanding user base, which officially crossed the 3 million subscriber milestone.
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| Converge Q1 2026 Revenue Hits Php11.2B as Subscribers Top 3M |
Massive Growth in Prepaid Fiber & Enterprise
As of March 2026, Converge's total subscriber base reached 3.09 million, reflecting a 14% year-on-year (YoY) increase. The main growth engine for the consumer segment was its prepaid fiber service, Surf2Sawa (S2S), which surged by 86.7% YoY to finish the quarter with 674,000 customers.
The enterprise segment also sustained its upward trajectory:
- Enterprise Revenues: Php2 billion (16% YoY growth).
- Infrastructure Advantage: Growth is backed by the completion of a nationwide digital infrastructure, enabling Converge to deliver cloud-heavy and high-capacity data services to business clients.
According to Converge Co-Founder and CEO Dennis Anthony Uy, the company remains highly focused on extending its fiber footprint into the Visayas and Mindanao regions to bring world-class connectivity to more Filipinos.
Also Read: Converge Powers 2026 ASEAN Summit with 5-Gbps Fiber Connectivity
Q1 2026 Financial Highlights
Despite macroeconomic and geopolitical headwinds, Converge maintained a stable financial position:
- Net Income: Php3.02 billion
- EBITDA: Php6.9 billion (Up 3.3% YoY)
- EBITDA Margin: 61.8%
- Return on Invested Capital (ROIC): 15.6%
- Q1 Capital Expenditure (Capex): Php2.9 billion
Converge Chief Finance Officer Robert Yu confirmed that the company is keeping its full-year capex guidance between Php18 billion and Php23 billion. These funds will be utilized to reinforce network resiliency, expand coverage, and prepare the infrastructure for evolving digital demands.
Network Quality and Customer Experience Upgrades
Converge continues to dominate the local broadband market, sweeping major Ookla broadband performance awards for the second half of 2025. The provider secured top titles, including Fastest Fixed Network, Best Fixed Network, Best Video Experience, and Lowest Latency, marking its third consecutive year of market leadership.
Addressing historical network challenges, Converge President and Co-Founder Maria Grace Uy assured customers that proactive measures are underway to improve issue resolution times.
Chief Operations Officer Benjamin Azada added that tactical investments in network upgrades have successfully reduced outage frequencies, accelerated repair speeds, and shortened customer support response times.
Currently, Converge operates one of the most extensive networks in the Philippines, boasting over 896,000 kilometers of fiber optic assets nationwide.