Converge Enterprise Revenues Up 15.1% in 1H2026 to P3.9B Amid Nationwide Digital Push
Fiber internet provider Converge ICT Solutions, Inc. (PSE: CNVRG) reported sustained financial growth for the first half of 2026 (1H2026). Driven by enterprise digital transformation initiatives across private companies and the public sector, the company’s Enterprise segment delivered a 15.1% year-on-year revenue increase to over P3.9 billion.
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| Converge Enterprise Revenue Grows 15.1% to P3.9B in 1H2026 |
The enterprise expansion helped propel total consolidated revenues to P22.4 billion (up 3.1% YoY) for 1H2026. Below is a complete breakdown of Converge's segment performance, network speed recognitions, and financial metrics.
Editor’s Note: This article provides a comprehensive financial overview matching the direct, value-first tone of Teknogadyet.com. Metrics, executive commentary, and network speed recognitions reflect official Converge ICT 1H2026 earnings reports released on August 13, 2026.
Double-Digit Enterprise Growth Across SMEs and Corporate Accounts
Commercial clients expanding their digital footprint drove high-value fiber adoption during 1H2026:
- Small and Medium Enterprises (SMEs): SME revenues surged 15.7% YoY, driven by new commercial subscriber additions seeking dedicated fiber connectivity.
- Large Enterprise & Public Sector: Enterprise and large corporate revenues grew 14.8% YoY on high-capacity data contracts and public sector infrastructure partnerships.
- Converge Global Business Deals: Secured connectivity partnerships with major universities and local government units (LGUs) to power institutional digitalization projects.
Network Accolades: Ranked #1 by DICT and Ookla Speedtest Awards
Performance metrics highlighted lower latency and reduced subscriber complaints across fixed broadband lines:
- DICT Oplan Bantay Signal (2Q2026): Ranked #1 in fixed broadband network performance with an average latency of 5 ms and download speeds of 158 Mbps, alongside an 84% decline in customer complaints from January to June 2026.
- Ookla® Speedtest Awards (1H2026): Recognized with triple awards for "Best Internet," "Fastest Internet," and "Best Fixed Latency".
See Also: Converge Q1 2026 Revenue Hits Php11.2B as Subscribers Top 3M
Financial Summary: Residential Base and Capital Allocation
Despite macroeconomic headwinds, Converge maintained disciplined cost controls and steady cash flow:
- Residential Revenues: Contributed the bulk of company revenues at P18.5 billion, with total subscribers reaching 3.09 million by the end of June 2026.
- EBITDA & Net Income: EBITDA reached Php 13.3 billion (yielding an industry-leading 59.1% EBITDA margin), while Net Income After Tax hit Php 5.5 billion (24.4% net margin).
- CAPEX & Balance Sheet: Total cash CAPEX stood at Php 5.7 billion for network expansion, keeping Return on Invested Capital (ROIC) stable at 14.9% with a net debt position of Php 15.6 billion.
Converge ICT Solutions 1H2026 Financial Highlights
| Financial & Operational Parameter | 1H2026 Official Performance Figures |
|---|---|
| Consolidated Revenues | P22.4 Billion (Up 3.1% YoY) |
| Enterprise Revenues | P3.9 Billion+ (Up 15.1% YoY) |
| SME Revenue Growth | 15.7% YoY Increase |
| Large Corporate / Public Sector Growth | 14.8% YoY Increase |
| Residential Revenues | P18.5 Billion (3.09 Million Subscribers) |
| EBITDA / EBITDA Margin | Php 13.3 Billion / 59.1% Margin |
| Net Income After Tax | Php 5.5 Billion (24.4% Margin) |
| Cash CAPEX / ROIC | Php 5.7 Billion / 14.9% Return on Invested Capital |
Teknogadyet Verdict: Enterprise Expansion Anchors Network Growth
Converge ICT Solutions' 1H2026 performance highlights how commercial demand and public sector partnerships are diversifying telecom growth beyond consumer residential fiber. With an extensive network spanning over 890,000 kilometers of fiber optic assets, the operator continues to lead fixed broadband reliability standards in the Philippines.