GLOBE Telecom Inc. on Wednesday said net income fell 4 percent to P23.262 billion last year from P24.286 billion in 2024, which it blamed on persistent inflation compounded by natural calamities that disrupted connectivity and consumer activity parts of the country.
Operating revenues slipped 1 percent to P178.240 billion from P180.586 billion, the company reported, with double-digit declines recorded in fixed-line voice and the non-telco portfolio.
The mobile segment posted service revenues of P116.850 billion, slightly higher than that of the previous year and anchored on “deeper data habituation,” increased 5G adoption and hyper-personalized offers.
Globe said its total mobile subscriber base rose to 65.8 million at the end of 2025, up 8 percent from 60.9 million a year earlier.
The home broadband business posted a slight increase in revenues to P23.980 billion as sustained fiber adoption offset a decline in legacy fixed wireless services.
The corporate data business, meanwhile, posted P20.671 billion in revenues as an uptick in information and communications technology solutions offset a moderation in core data services amid cautious enterprise spending.
Fixed line voice revenues dropped 17 percent year on year to P1.251 billion due to lower outbound usage while the non-telco portfolio contributed P2.326 billion in revenues, down 12 percent amid softer results from business units AdSpark and Asticom.
Meanwhile, Globe said its equity share in Mynt, the parent company of popular mobile payment platform GCash, amounted to around P6.10 billion for 2025.
Globe noted that compared to the third quarter, its equity share in Mynt was affected by three factors: a change in accounting policy for loan processing fee revenue recognition, regulatory change on licensed online gaming and seasonal higher spending in the fourth quarter.
Nonetheless, the telco said that Mynt’s full-year performance remained strong, underpinned by the rapid growth of its CreditTech business, and supported by its core payments and transfers business.
Globe said cash capital expenditures (capex) for the year amounted to P46.2 billion, down 18 percent from P56.2 billion and in line with its full-year guidance of spending below $1 billion in 2025. The capex was used mainly for network and service improvements, it said.
Globe said it had rolled out 1,549 new 5G sites across key areas nationwide, providing more than 98 percent of the population outdoor coverage in the National Capital Region and key cities across the Visayas and Mindanao.
It also extended 5G services to 151 additional towns outside major metropolitan areas, where coverage now exceeds 80 percent.
For 2026, Globe said it expected low- to mid-single revenue growth, supported by existing product platforms and continued momentum in mobile, broadband and fintech services.
It also expects cash capex to again remain below $1 billion, to be used to improve network and services while focusing on extracting greater returns from prior related investments.
Despite the slight decline, our 2025 results provide a solid springboard for 2026. As we deepen our focus on creating everyday impact for our customers,” Globe President and CEO Carl Raymond Cruz said.
“We will further enhance our 5G footprint, broaden GFiber Prepaid’s reach, and scale our digital ventures such as GCash and enterprise solutions to meet the consumer’s evolving demands,” he added.
Globe shares on Wednesday added P81.00, or 5.07 percent, to close at P1,678.00 apiece.
