Converge Information and Communications Technology Solution (CNVRG) investor relations material

Executive summary

• 9M 2026 revenue rose 3.9% YoY to P34.25B; EBITDA was P19.88B and net income P8.09B, down 2% and 9%, respectively.

• Enterprise revenue grew 22% to P6.37B, while residential revenue was broadly steady at P27.88B.

• Cash, cash equivalents and short-term placements totaled P10.98B; net debt/EBITDA was 0.6x and debt covenants were met.

Financial highlights

• 9M revenue was P34.25B, up 3.9% YoY; gross profit fell 1% to P21.28B as cost of services rose 14% to P12.96B.

• Operating profit declined 8% to P11.96B, profit before tax fell 10% to P10.67B, and net income fell 9% to P8.09B.

• EBITDA declined 2% to P19.88B; margin was 58.0%, versus 61.2% in 9M 2025.

• Q3 revenue was P11.80B versus P11.19B; Q3 net income was P2.60B versus P2.95B.

• 9M basic and diluted EPS was P1.12, versus P1.23 in 9M 2025.

Outlook and guidance

• FY revenue growth guidance remains 4%–6%; management is cautiously optimistic while monitoring inflation, fuel, power and consumer indicators.

• EBITDA margin is tracking within the 58%–59% FY target; long-term outlook is near 60%, with potential uplift as marketing spending moderates.

• Up to 200,000 fiber ports may be added in Q4; CapEx could underspend budget depending on execution of existing purchase orders.