Philstar.com
August 18, 2025 | 12:01am
MANILA, Philippines — Globe reported attaining constructive free money stream (FCF) previous to dividends by 1H 2025, sooner than anticipated.
In prior disclosures, the corporate dedicated to attain free money stream constructive standing by the top of 2025. Globe claims to have delivered on its dedication by specializing in monetary self-discipline, optimizing capital deployment, and robust operational momentum.
The feat comes as the corporate posted a quarter-on-quarter topline restoration and sustained enhancements in its broadband and cell companies. Gross service revenues grew 1% from the earlier quarter, pushed by bettering mobility and stronger digital engagement throughout segments.
“We’re more than happy with our efficiency within the second quarter. If one takes a take a look at a quarter-on-quarter perspective, gross service income is now again within the development space. This turnaround actually signifies stability and strong footing for the corporate, with which we are able to construct upon for higher development within the second half of the yr,” stated Globe President and CEO Carl Cruz throughout its current monetary media briefing.
The corporate additionally emphasised operational effectivity and capital optimization.
“We’re guaranteeing that we now have the correct quantity of capital for all our initiatives,” stated Chief Finance Officer Carlo Puno. “That is a part of our broader effort to diversify funding sources and optimize our capital construction, so we are able to handle the price of funding whereas supporting strategic applications.”
Client demand additionally confirmed resilience within the second quarter, particularly in cell information utilization and fiber broadband adoption.
“The Q2 outcomes indicated momentum after two consecutive quarters of decline. Our sharpened pricing methods, segmented affords, and constant community expertise helped offset spending fatigue, significantly amongst pay as you go customers,” stated Chief Industrial Officer Darius Delgado.
Globe’s cell enterprise remained the biggest contributor to topline, whereas Residence Broadband posted a 1% quarter-on-quarter development in service revenues amid growing demand for fiber.
In the course of the interval, Globe sustained its community growth with 937 new cell websites, 4,512 LTE upgrades, and over 35,800 new fiber-to-the-home (FTTH) traces. The corporate additionally rolled out 444 new 5G websites, extending outside protection to 98.71% in Metro Manila and 98.19% in key VisMin cities. It continued migrating over 600 cities to full fiber, totally phasing out legacy copper traces.
Alongside its community growth, Globe can also be optimizing its infrastructure property to assist long-term operational and monetary resilience.
Globe is approaching the ultimate part of its tower sale and leaseback program, having turned over 6,945 thus far, and producing roughly P89.3 billion in proceeds, together with the most recent transaction in July involving 96 towers bought to MIDC and PhilTower for over P1.3 billion.
The corporate stated it stays targeted on attaining sustainable development whereas making ready the enterprise for long-term worth creation. This consists of disciplined capex planning, monetization of non-core property, and improved efficiencies throughout community and business operations.
“We’re optimistic that within the subsequent quarters or steadiness of the yr, this momentum shall proceed,” Delgado added.
