GLOBE Telecom Inc. on Tuesday reported a net income after tax of P16.50 billion for the first nine months of 2026, down from P17.70 billion last year.
The telco said this was the result of high depreciation and net interest expenses along with nonrecurring gains recorded from tower sales and diluted shares of Mynt Inc.
“We are pleased with how the business has performed through the first nine months of the year, particularly as we continue to navigate a challenging operating environment,” Globe President and CEO Carl Raymond Cruz said.
“These results reinforce our confidence that our focus on customer engagement, monetization and disciplined investment is building a stronger foundation for long-term value creation,” he added.
Globe said it posted consolidated service revenues of P129 billion, up from P121.7 billion in 2025, due to the growth of its major connectivity businesses.
Meanwhile, the mobile business generated an all-time high of P91.4 billion in service revenues, up from P86.4 billion, as mobile data continued to drive demand.
As of end-September, Globe’s mobile subscriber base stood at around 66.90 million with 39.80 million mobile data users.
The “Globe At Home” broadband segment generated revenues of P18.90 billion from P17.80 billion a year recorded, as more households adopted wired connectivity, while the contribution from legacy fixed wireless services declined.
The fiber portfolio remained the primary driver of broadband performance, as total home broadband subscribers reached approximately 2.5 million.
Globe Business earned P16.50 billion, up 10 percent year on year from P15.10 billion, as performance was supported by core data services, particularly international data and direct internet, alongside continued demand for ICT solutions, primarily Business Application Solutions.
Capital expenditures were said to have reached P35.80 billion from P31.40 billion.
Mynt Inc., the parent company of GCash, also announced on Tuesday that it recorded a net income of P16.45 billion in the first nine months of 2026, an increase from P14.02 billion a year earlier.
Revenues also went up to P67.36 billion from P59.87 billion due to the growth of its Digital Financial Services unit and Payment Solutions unit.
“We believe the success of our business is rooted in our vision. From the onset, we set out to solve everyday pain points that Filipinos experience. The same vision has proven that there is good business in doing good,” Mynt Chief Financial Officer Evelyn Ng said.
“While our business has scaled, there remain significant opportunities in both payments and lending. Now that we are listed on the Philippine Stock Exchange, we’re excited to share our growth with all Filipinos,” she added.
Globe’s share price fell by P5, or 0.34 percent, to P1,459 each on Tuesday while that of Mynt surged 5.86 percent, or 39 centavos, to P7.05 apiece amid a 0.67-percent rise for the benchmark Philippine Stock Exchange index.
