Converge Information and Communications Technology Solution (CNVRG) Q1 2026 earnings summary

Executive summary

• Consolidated revenues rose 3.7% year-over-year to P11.2Bn in 1Q2026, driven by both residential and enterprise segments.

• Residential revenues reached P9.2Bn with over 3 million subscribers, while enterprise revenues grew 16% to P2.0Bn.

• Net income after tax was P3.0Bn, maintaining a net income margin of 27.0%.

• EBITDA increased 3.3% to P6.9Bn, with a strong margin of 61.8%.

• Customer service metrics improved significantly, including faster resolution rates and lower ticket times.

Financial highlights

• Gross profit grew 4% year-over-year to P7.4Bn, with cost of services up 3%.

• General and administrative expenses increased 9% to P2.7Bn.

• Profit before income tax rose 2% to P4.1Bn.

• Total comprehensive income for the period was P3.06Bn, up 1%.

• Cash CAPEX for 1Q2026 was P2.9Bn.

Outlook and guidance

• Management remains focused on expanding network infrastructure and enhancing customer experience.

• Continued investment in manpower and digital infrastructure to support growth and resiliency.