Fiber broadband provider Converge ICT Solutions, Inc. posted strong growth in the first quarter of 2026, fueled by rapid expansion in prepaid fiber internet adoption.
The company posted consolidated revenues amounting to PhP11.2-billion for the quarter as its total subscriber base climbed to 3.09-million. The increase was driven largely by the rising demand for more affordable, flexible connectivity options across the Philippines.
Surf2Sawa, the company’s prepaid fiber offering, was its key engine of growth when its subscriber base grew 86.7% year-on-year (YoY) to reach 674,000 users. This performance highlights how prepaid fiber is reshaping broadband adoption in the market.
Dennis Uy, Converge co-founder and CEO, said the company is intensifying its fiber expansion, particulary in Visayas and Mindanao, while strengthening its national digital infrastructure to support cloud and data-heavy services for both consumers and enterprise clients.
Steady performance was also reported in the company’s enterprise segment with revenues increasing 16% YoY to PhP2-billion during the quarter, supported by increased demand for digital connectivity solutions from businesses.
Converge highlighted its completion of a future-ready national digital infrastructure, which includes fiber backbone expansion, subsea cable systems, satellite networks, cable landing stations, and scalable data centers—positioning the Philippines as a stronger node in the global digital economy.
The first quarter 2026 also saw Converge earning PhP3.02-billion in net income, with EBITDA growing 3.3% to PhP6.9-billion and maintaining a strong 61.8% margin. Return on invested capital (ROIC) stood at 15.6%.
Converge president and co-founder Maria Grace Uy emphasized resilience amid economic uncertainty, noting ongoing improvements in network performance and customer support efficiency.
Chief finance officer Robert Yu said capital expenditures of ₱2.9 billion for the quarter will support continued network expansion and readiness for future demand, with full-year capital expenditures (CAPEX) guidance maintained at ₱18 billion to ₱23 billion.
Meanwhile, chief operations officer Benjamin Azada reported improvements in outage frequency, repair speed, and customer response times as the company invests in proactive network maintenance.
The fiber broadband provider also reaffirmed its leadership in broadband performance after securing multiple Ookla awards, including Fastest Fixed Network and Best Fixed Network in the second half of 2025.
