Globe 2026 financial results show continued growth, with the company reporting record service revenues and EBITDA for the first nine months of the year. Its mobile, home broadband, and corporate data businesses all contributed to the performance despite a challenging operating environment.
For the nine months ending September 2026, consolidated gross service revenues reached ₱129 billion. This represents a 6% increase from ₱121.7 billion during the same period last year.
Globe also recorded EBITDA of ₱68 billion, up 6% year-on-year. Its EBITDA margin remained healthy at 52.7%.
The results reflect sustained demand for connectivity and digital services. Data-related revenues accounted for approximately 90% of Globe’s total gross service revenues.
Mobile business reaches ₱91.4 billion
Globe’s mobile business generated an all-time high of ₱91.4 billion in service revenues during the first nine months of 2026. This was 6% higher than the same period last year.
Mobile data remained the main growth driver. Revenues reached ₱81.2 billion, up 10% year-on-year. Mobile data accounted for 89% of total mobile service revenues.
As of September 2026, Globe had approximately 66.9 million mobile subscribers. Of these, 39.8 million were mobile data users.
Customer demand for video streaming, social media, gaming, e-commerce, productivity, AI applications, and digital payments supported mobile data growth. Mobile data traffic increased to 5,705 petabytes from 4,846 petabytes a year earlier.
Meanwhile, average monthly data usage per subscriber rose to approximately 17 GB from 15 GB.
The continued adoption of 5G also contributed to data consumption. Globe reported that 5G subscribers generated average revenue per user 9% higher than non-5G subscribers.
Home broadband and GFiber Prepaid continue to expand
Globe At Home generated ₱18.9 billion in revenues during the first nine months, up 6% from ₱17.8 billion a year earlier.
Third-quarter revenues reached ₱6.4 billion, increasing 2% sequentially. This marked the business’s sixth consecutive quarter of revenue growth.
Fiber remained the primary driver of broadband performance. Total home broadband subscribers reached approximately 2.5 million by the end of September 2026.
Wired broadband subscribers increased 28% year-on-year to more than 2.1 million. Fiber subscribers also grew 30%.
Fiber accounted for approximately 93% of total home broadband revenues, compared with 91% a year earlier.
GFiber Prepaid continued to broaden access to fiber connectivity. Its subscriber base reached 1.2 million by the end of September.
Globe Business also recorded growth. Corporate Data revenues reached a new nine-month high of ₱16.5 billion, up 10% year-on-year.
Globe invests ₱35.8 billion in network infrastructure
Globe invested ₱35.8 billion in capital expenditures during the first nine months of 2026. This was 14% higher than the same period last year.
Approximately 89% of these investments went to data-related requirements. The company focused on network quality, capacity, and digital infrastructure.
As part of its fiber expansion, Globe deployed 128,732 new fiber-to-the-home lines during the period.
It also added 1,481 new 5G sites. By the end of September, its 5G network provided over 98% outdoor population coverage across Metro Manila and key cities in the Visayas and Mindanao.
Globe also expanded its 5G presence in other areas. It added 92 towns during the third quarter, bringing the total to 307 towns with at least 80% population coverage.
Mynt and GCash contribute to Globe’s earnings
Mynt, the parent company of GCash, continued to strengthen its contribution to Globe’s business.
Its Payment Solutions and CreditTech segments recorded accelerating revenue and net income growth during the third quarter.
Mynt accounted for 28% of Globe’s net income before tax during the first nine months of 2026.
Another major development was Mynt’s listing on the Philippine Stock Exchange on October 20, 2026, under the ticker symbol GCASH. Globe’s report identified the listing as the biggest initial public offering in Southeast Asia since 2021.
GCash offers payment and digital financial services. These include money transfers, bill payments, international transactions, and merchant solutions.
Through Mynt’s other businesses, customers can also access lending, savings, investment, and insurance products.
Record EBITDA despite higher operating expenses
Globe’s operating expenses and subsidies reached ₱61 billion during the first nine months, up 6% year-on-year. Higher utilities, administrative expenses, lease costs, repairs, staff costs, and marketing expenses contributed to the increase.
However, a 21% reduction in provisions helped moderate the overall rise.
Despite these pressures, EBITDA increased 6% to a record ₱68 billion. This surpassed the previous nine-month record of ₱64.9 billion in 2024.
Reported net income after tax reached ₱16.5 billion, down 7% from ₱17.7 billion a year earlier. Globe attributed the decline primarily to higher depreciation and net interest expenses, as well as non-recurring gains recorded in the previous year.
Core net income stood at ₱15.5 billion, broadly unchanged year-on-year.
Globe President and CEO Carl Raymond R. Cruz said:
“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. EBITDA increased 6% to a new nine-month high of ₱68.0 billion, while our margin remained healthy at 52.7%. 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 also acknowledged the pressures facing consumers and the company.
“As we enter the final quarter, we are mindful of the persistent inflationary pressures and tighter household budgets, which could weigh on consumer spending and Globe’s overall performance. Nevertheless, connectivity remains an essential household expenditure, and we are encouraged by the prospect of stronger seasonal demand in the fourth quarter, which could help mitigate these pressures and support our growth momentum. Ultimately, our priority is to deliver best-in-class customer experiences while driving sustainable growth and shareholder returns, ensuring that Globe remains well-positioned to meet the country’s evolving digital needs.”
Globe expands digital infrastructure and sustainability initiatives
Beyond its core telecommunications operations, Globe continued to develop its digital infrastructure investments.
STT GDC Philippines, a joint venture involving Globe, ST Telemedia Global Data Centres, and Ayala Corporation, continued expanding its data center capacity.
STT Fairview 1’s Level 1 and Level 2 data halls were fully contracted. Meanwhile, STT Cavite 2’s first phase was ready for service, with customer deployments underway.
The platform remained on track to reach 30MW of total capacity before the end of 2026.
The company also highlighted sustainability initiatives across its operations. STT GDC Philippines operates its facilities using 100% renewable energy.
It also partnered with Haribon to plant 2,500 mangrove seedlings. These are projected to sequester 15 tonnes of carbon equivalent annually as the habitat matures.
Meanwhile, Globe reported generating more than ₱510 million in energy savings in 2025 through investments in energy-efficient network infrastructure.
Its social initiatives included digital safety education and training programs. The Digital Thumbprint Program reached more than 270 students, teachers, and Sangguniang Kabataan leaders in Manila, Capiz, and Quezon.
Globe also continued its corporate governance recognition. It received Five Golden Arrows from the Institute of Corporate Directors for the fifth consecutive year. It also became the recipient of the organization’s first-ever Golden Arrow Hall of Fame Award.
With record service revenues, expanding connectivity businesses, and continued investments in digital infrastructure, Globe sustained its growth momentum during the first nine months of 2026.
Which of these developments do you think will make the biggest difference to Filipino consumers and businesses?
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