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Philstar.com
December 1, 2025 | 12:00am
MANILA, Philippines — Globe Telecom said it further enhances its fiscal position with strong growth from deliberate and efficient investments in its network and other critical infrastructure.
With a healthy cash flow position and a sharper focus on digital innovation, the company said it is proving that sustainable progress is not just about spending more.
In the first nine months of 2025, Globe kept operations strong, with EBITDA reaching P64.2 billion, fueled by back-to-back quarterly growth. This is equivalent to an EBITDA margin of 52.8%, exceeding full-year guidance and highlighting the company’s prudent cost management. Capital spending eased to a more sustainable P31.4 billion, down 23% year-on-year, as Globe moved toward more targeted investments that bring long-term value. Moreover, this is equivalent to 26% of gross service revenues, much lower than prior years and closer to regional levels.
These efforts, according to the company, further strengthened its positive free cash flow, ahead of expectations and gives the company more flexibility to invest in areas that make a difference, from improving connectivity to building new digital platforms.
“We’ve learned that growth isn’t just about how much you build, but how well you build it,” said Globe President and CEO Carl Cruz. “Our financial strength gives us the space to focus on what truly matters: creating meaningful experiences for our customers and helping communities move forward in the digital age.”
Beyond the numbers, Globe said its improved cash generation represents a mindset shift within the organization. The company said it is moving from heavy capital expansion toward more intentional, high-impact investments in areas such as mobile data, enterprise technology, cloud services, and digital solutions that empower both individuals and businesses. This evolution marks Globe’s readiness for a future where value creation is measured not only by scale but by relevance and impact.
Globe’s financial position remains solid, with Gross Debt-to-EBITDA ratio of 2.69x, Net Debt to EBITDA at 2.40x, and a Debt Service Coverage Ratio of 3.74x, comfortably within bank covenant levels. The company continues to align its investments with emerging opportunities in connectivity, enterprise technology and sustainability.
