Globe Telecom Inc (GTMEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the second quarter 2026 analysts briefing of Globe Telecom. So we will begin with a video presentation of our performance and a few updates on the digital platform businesses to be followed by the Q&A session. Welcome, everyone, and thank you for joining us for Globe's second quarter 2026 analysts briefing. To begin the presentation, we are pleased to report that notwithstanding external headwinds, Globe sustained its growth momentum and achieved a record-breaking quarter. Consolidated growth service revenues climbed to a new all-time high of 85.4 billion pesos for the first six months of 2026, growing by 6% year-on-year. Data-driven revenues accounted for 91% of consolidated service revenues, reinforcing Globe's continued transformation toward a more diversified, higher-quality, and sustainable revenue base. The robust first-half results were further supported by Globe's highest quarterly service revenues on record. Consolidated GSR amounted to 43.4 billion pesos in the second quarter, up 3% quarter-on-quarter and exceeding the previous record set during the seasonally strong fourth quarter of 2025. The quarter's performance was driven by broad-based growth across Globe's core connectivity businesses. Globe's EBITDA reached 44.9 billion pesos in the first six months, increasing 6% year-on-year, while EBITDA margin remained resilient at 52.6%, well above the company's full-year guidance. Top-line growth more than offset the increase in operating expenses and subsidy, generating operating leverage that enabled Globe to invest in its network and digital infrastructure. In the second quarter, EBITDA increased 2% from the previous quarter to 22.7 billion pesos. Lastly, core net income stood at 10.2 billion pesos for the first half, ...