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Globe Telecom (GLO) investor relations material

Globe Telecom Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary6 Aug, 2025

Executive summary

  • Strong sequential recovery in Q2 2025, reversing earlier softness, with robust data-driven growth and resilient core businesses despite macroeconomic headwinds.

  • Data-related revenues accounted for 88% of Q2 topline; mobile data now 86% of mobile revenues, reflecting digitalization momentum.

  • Mynt (GCash) contributed 26% of pretax net income in H1 2025, with equity earnings up 78% year-over-year.

  • Board approved a quarterly cash dividend of MXN/Php 25 per share, reaffirming a sustainable dividend policy.

  • Tower sale and leaseback program nearing completion, with 6,945 towers transferred and Php89.3bn raised.

Financial highlights

  • H1 2025 consolidated gross service revenues at MXN/Php 80.2B, down 2% year-over-year; Q2 revenues up 1% sequentially to MXN/Php 40.3B.

  • EBITDA for H1 2025 at MXN/Php 42.1B, down 2% year-over-year; Q2 EBITDA up 3% sequentially, margin at 52.6%-53%, above guidance.

  • Core net income for H1 2025 at MXN/Php 10.4B, down 11% year-over-year; Q2 core net income up 30% sequentially.

  • Net income for H1 2025 at MXN/Php 12.4B, down 14% year-over-year; Q2 net income at MXN/Php 5.5B.

  • Operating expenses and subsidy declined 3% year-over-year to MXN/Php 38B in H1.

Outlook and guidance

  • Maintains low to mid single-digit growth guidance for service revenues in 2025, supported by digitalization and data habituation.

  • EBITDA margin guidance held at 50%; capital deployment for the year to remain below $1B.

  • Capex guidance remains conservative, focusing on digital infrastructure and cost efficiency.

  • Dividend policy revised to 60%-90% of prior year's core net income, providing flexibility for future payouts.

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Frequently asked questions

Globe Telecom Inc. is a Philippines-based telecommunications company providing mobile, broadband, and digital services. The company offers voice, data, and internet solutions to individual and enterprise customers, operating a nationwide network that supports wireless and fixed-line communications. Globe Telecom also provides financial technology, cybersecurity, and cloud services. It is headquartered in Taguig, Philippines, and its shares are listed on the PSE.

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