GLOBE Announces Third Quarter and Nine Months 2026 Financial and Operating Results

GLOBE sustains strong growth momentum with record service Revenues and Ebitda in the first nine months of 2026: Record Service Revenues at P129.0 Billion Up 6% Yoy; Record Mobile Business Revenues a P91.4 B, Up 6% YoY; Home Broadband Revenues at P18.9 B, Up 6%  Yoy; Record Corporate Data Revenues at ₱16.5 B, UP 10% YoY; Record EBITDA at ₱68.0 B,  Up 6% YoY; EBITDA Margin Sustained at 52.7%; NIAT at ₱16.5 B; CORE NIAT at ₱15.5 B; GFIBER Prepaid continues to scale, broadening Fiber access across more Filipino Households; MYNT Net Income accelerated I the third quarter, contributing 28% of Globe’s Pre-Tax income in 9M; MYNT Lists in the Philippine Stock Exchange; Biggest IPO in SEA Since 2021; Globe Channels P35.8 B into strategic investmentsm prioritizing Network quality and strengthening Digital Capacity; Globe cements Corporate Governance Leadership with Five Golden Arrows Award for Five Consecutive Years, and Makes History  with first-ever Golden Arrow Hall of Fame  Award.

Globe extended its growth trajectory through the third quarter, delivering another period of solid financial and operating results despite a challenging external environment, as its core connectivity businesses continued to expand.

Corporate data, demonstrating the strength of Globe’s core businesses and its ability to capture rising demand for connectivity and digital solutions. With data-related revenues accounting for approximately 90% of total gross service revenues, Globe’s performance further underscores its successful transformation into a data-driven connectivity and digital solutions provider, supported by a resilient and sustainable revenue base.

Consolidated gross service revenues reached a record ₱129.0 billion for the nine months ended September 2026, up 6% from ₱121.7 billion in the same period last year. Growth was supported by all three major connectivity businesses, with mobile and home broadband revenues each increasing 6% year-on-year and corporate data rising 10%. The results demonstrate the breadth of Globe's revenue base and the increasing importance of data-led services across its consumer and enterprise businesses.

Third-quarter service revenues surged to ₱43.6 billion, up 1% sequentially and representing another quarterly high, with revenues continuing to advance despite the strong second-quarter base. Mobile and home broadband advanced 2% quarter-on-quarter, partially offset by a 7% sequential decline in corporate data. The quarter nevertheless extended Globe's topline expansion and brought service revenues to their highest nine-month level on record.

Globe’s mobile business generated an all-time high ₱91.4 billion in service revenues for the first nine months of 2026, 6% above the same period last year. Mobile data remained the key growth driver, with revenues of ₱81.2 billion, up 10% year-on-year and accounting for 89% of total mobile service revenues.

For the third quarter, mobile service revenues stood at ₱31.0 billion, 2% higher sequentially, while mobile data revenues similarly grew 1% to ₱27.3 billion, reflecting sustained demand and continued monetization of data usage. As of end-September 2026, Globe’s mobile subscriber base stood at around 66.9 million, with 39.8 million mobile data users.

Mobile data performance was underpinned by customer usage and demand for digital lifestyle applications, including video streaming, social media, gaming, e-commerce, productivity and AI applications, and digital payments. Mobile data traffic increased to 5,705 petabytes from 4,846 petabytes a year earlier, while average monthly data usage per subscriber was approximately 17 GB, compared with 15 GB over the same period last year. This was complemented by the continued adoption of 5G, with 5G users exhibiting higher data consumption and stronger monetization, generating an average ARPU of 9% higher than non-5G subscribers. As of September 2026, 5G average traffic per user (ATPU) and average daily mobile 5G traffic increased by 44% and 84%, respectively, compared to December 2025, supported by improving 5G device availability and affordability.

Meanwhile, average daily mobile top-ups and wireless traffic continued to trend upward throughout the first nine months of 2026, highlighting strong customer engagement despite prevailing macroeconomic headwinds and reinforcing connectivity's role as an essential part of the Filipino digital lifestyle.

Globe At Home generated nine-month revenues of ₱18.9 billion, increasing 6% from ₱17.8 billion a year earlier. Third-quarter revenues rose 2% sequentially to ₱6.4 billion, extending the business' run of quarter-on-quarter revenue growth to six consecutive quarters. Fiber continued to reshape Globe At Home's revenue mix as more households adopted wired connectivity while the contribution from legacy fixed wireless services declined. The ongoing shift toward fiber, supported by Globe's prepaid and postpaid propositions, is expanding the addressable market while strengthening the quality and durability of the broadband revenue base.

The fiber portfolio remained the primary driver of broadband performance during the nine-month period. Total home broadband subscribers reached approximately 2.5 million as of end-September 2026, with wired broadband subscribers increasing 28% year-on-year to over 2.1 million, more than offsetting the continued decline in legacy fixed wireless subscribers. Fiber subscribers grew 30% year-on-year, underscoring the sustained shift toward fiber connectivity. Fiber accounted for approximately 93% of total home broadband revenues, compared with 91% a year earlier, reflecting Globe At Home’s continued transition toward a predominantly fiber-based portfolio.

GFiber Prepaid (GFP) further broadened its reach during the third quarter, with subscribers totalling 1.2 million as of end-September 2026. Customer engagement was also supported by higher-value reloads, demonstrating the appeal of a flexible prepaid fiber proposition while enabling Globe to balance subscriber expansion with customer value and profitability.

Moreover, Globe Business continued to deliver solid results, with Corporate Data revenues posting ₱5.5 billion in the third quarter, bringing nine-month revenues to a new high of ₱16.5 billion, up 10% year-on-year. Performance remained supported by core data services, particularly international data and direct internet, alongside continued demand for ICT solutions, primarily Business Application Solutions (BAS). On a quarter-on-quarter basis, Corporate Data revenues declined 7%, mainly due to lower domestic data revenues. As enterprises accelerate their digital transformation, Globe Business continues to broaden its capabilities across connectivity, cloud, cybersecurity, business applications, and AI to address evolving customer needs and unlock new growth opportunities.

Non-telco revenues amounted to ₱1.3 billion for the first nine months of 2026, down 24% year-on-year, while third-quarter revenues stood at ₱444 million, 11% lower sequentially. The year-on-year decline primarily reflected the deconsolidation of NCS Philippines (formerly Yondu) following Globe’s partnership with NCS. On a comparable basis, excluding NCS Philippines’ contribution from the prior-year period, non-telco revenues would have grown 19% year-on-year, supported by higher contributions from Asticom.

Against a challenging macroeconomic backdrop, Globe’s total operating expenses and subsidy climbed to ₱61.0 billion for the first nine months of 2026, up 6% year-on-year, primarily driven by higher utilities, supplies and other administrative expenses, services and other operating expenses, lease-related costs, repairs and maintenance, interconnection charges, staff costs, and marketing and subsidy expenses.

These increases were partially offset by a 21% reduction in provisions, which moderated the overall rise in operating expenses.

Globe delivered a new nine-month record EBITDA of ₱68.0 billion, up 6% year-on-year from ₱64.2 billion and surpassing the previous record of ₱64.9 billion in 2024. The topline improvement more than offset higher operating expenses and subsidy, keeping EBITDA margin healthy at 52.7%, well above the Company’s full-year guidance of approximately 50%. In the third quarter, EBITDA rose 2% sequentially to ₱23.2 billion, marking the second-highest quarterly EBITDA on record. EBITDA margin likewise improved to 53.1% from 52.3% in the preceding quarter, demonstrating resilient operating performance.

Globe continued to benefit from the sustained earnings contribution of Mynt, the parent company of the group behind GCash. Mynt saw increasing user adoption and deeper engagement across its core business segments, Payment Solutions and CreditTech, which have contributed to accelerating revenue and net growth in the third quarter of 2026. Mynt accounted for 28% of Globe’s net income before tax in the first nine months of 2026, underscoring its expanding role in diversifying the Company’s earnings base and driving long-term value creation..

Reported Net Income After Tax (NIAT) amounted to ₱16.5 billion for the first nine months of 2026, down 7% from ₱17.7 billion a year earlier. This was primarily impacted by elevated depreciation and net interest expense along with non-recurring gains recorded in the prior year from tower sales and the Mynt dilution. Third-quarter NIAT remained relatively steady at ₱5.4 billion, easing 1% from ₱5.5 billion in the preceding quarter.

Meanwhile, Core Net Income totaled ₱15.5 billion, broadly unchanged year-on-year. On a sequential basis, Core NIAT edged up 1% to ₱5.3 billion, supported by sustained operating performance during the period.

Globe maintained a healthy financial position as of the end of the first nine months of 2026, with total debt standing at ₱272.1 billion to support its ongoing investments and strategic priorities. The company's leverage profile remained well within covenant limits, with gross debt-to-EBITDA at 2.72x, net debt-to-EBITDA at 2.52x, and a debt service coverage ratio of 2.58x.

“We are pleased with how the business has performed through the first nine months of the year, particularly as we continue to navigate a challenging operating environment. EBITDA increased 6% to a new nine-month high of ₱68.0 billion, while our margin remained healthy at 52.7%. These results reinforce our confidence that our focus on customer engagement, monetization, and disciplined investment is building a stronger foundation for long-term value creation.” said Carl Raymond R. Cruz, President and CEO of Globe Telecom, Inc.

“As we enter the final quarter, we are mindful of the persistent inflationary pressures and tighter household budgets, which could weigh on consumer spending and Globe’s overall performance. Nevertheless, connectivity remains an essential household expenditure, and we are encouraged by the prospect of stronger seasonal demand in the fourth quarter, which could help mitigate these pressures and support our growth momentum. Ultimately, our priority is to deliver best-in-class customer experiences while driving sustainable growth and shareholder returns, ensuring that Globe remains well-positioned to meet the country’s evolving digital needs.” Mr. Cruz added.

Cash Capex, Network and Infrastructure Updates Globe invested ₱35.8 billion in capital expenditures during the first nine months of 2026, up 14% year-on-year, as spending remained focused on network quality, capacity, and digital infrastructure. The Company continued to direct capital toward areas with clear customer demand and long-term value potential, while maintaining its full-year capex guidance of below US$1 billion.

Capital expenditures represented 28% of service revenues during the nine-month period, with approximately 89% allocated to data-related requirements. Spending remained concentrated on initiatives that strengthen network performance, support rising data consumption and provide the capacity needed to serve the evolving digital requirements of consumers and businesses.

Globe further broadened its fiber footprint during the first nine months of the year, deploying 128,732 new fiber-to-the-home (FTTH) lines. These investments support the continued expansion of fiber connectivity and provide additional capacity as demand for reliable, high-speed home broadband continues to grow.

The Company also continued the rollout of its 5G network, adding 1,481 new 5G sites during the nine-month period. As of end-September 2026, Globe’s 5G network provided over 98% outdoor population coverage across Metro Manila and key cities in the Visayas and Mindanao. Globe further expanded its 5G footprint beyond key cities, adding 92 towns in the third quarter and bringing the total to 307 towns with at least 80% population coverage, extending next-generation connectivity to more communities nationwide.

Globe likewise expanded its international 5G roaming reach, with 204 inbound and 190 outbound roaming partners across 133 destinations as of end-September 2026, providing customers with wider access to 5G connectivity when traveling overseas.

Through these targeted infrastructure investments, Globe continues to strengthen the country’s digital foundations, expand access to reliable connectivity, and support innovation in line with United Nations Sustainable Development Goal 9: Industry, Innovation and Infrastructure.

Portfolio and Innovation Updates

Mynt/GCash:

Mynt, Inc. is a strategic partnership between Globe, Ayala Corporation, and Ant International, a Singapore-headquartered leading global digital payment, digitization, and financial technology provider.

Mynt was listed in the Philippine Stock Exchange on October 20, 2026, under the ticker GCASH. Mynt is a leader in mobile financial services focused on championing financial inclusion in the country by providing access to payment solutions and digital financial services. Based on third-party provider Sensor Tower, as of September 30, 2026, GCash is the number one finance super-app in the country.

Mynt primarily operates its major business lines through two wholly-owned subsidiaries: (i) G-Xchange, Inc. ("GXI"), the mobile wallet operator of the GCash app, offering payment solutions and related digital solutions, through its partner platforms, to Filipinos, and (ii) Fuse Financing Inc. ("Fuse"), a financial technology company, which empowers Filipinos with access to lending products such as cash loans and installment payment options.

Under its Payment Solutions business, customers can easily send and receive money anywhere in the Philippines, even to other bank accounts, purchase prepaid airtime load, pay bills nationwide, and purchase from their partner merchants and social sellers. Mynt also enables streamlined cross border transactions, allowing users to easily pay abroad via Global Pay or GCash Visa Card, send money to and from the Philippines via GCash Overseas and International Remittances, and directly receive US dollars in their GCash account through a Virtual Bank Account. Through its various point-of-sale devices and digital solutions, Mynt is able to drive digitalization among micro, small, and medium enterprises of different sizes. The wide adoption of this product suite creates a powerful flywheel by which Mynt’s other business segments are able to leverage.

Beyond Payment Solutions, Mynt also offers a range of Digital Financial Services through its CreditTech and WealthTech products. On CreditTech, backed by a proprietary trust scoring system via GScore, Mynt has provided credit access to millions of borrowers, of which the majority are from lower socio-economic classes. These milestones were achieved through innovative lending products covering revolving credit lines (via GCredit), cash loans (via GLoan), installment loans (via GGives), and nano loans (via Sakto Loan and Borrow Load), providing loans to more Filipinos who need it the most.

On WealthTech, Mynt offers savings (via GSave), investments (via GFunds, GStocks, GCrypto, and GBonds), and insurance products (via GInsure), all within the GCash app. Moving beyond transactions, Mynt incorporates sustainability across its innovation initiatives. The GForest movement empowers users to accumulate green energy and plant trees by simply using the GCash app.

STT GDC Philippines:

STT GDC Philippines, the joint venture of Globe Telecom, ST Telemedia Global Data Centres, and Ayala Corporation, made further progress on its strategy of building AI-ready digital infrastructure for the Philippines. As demand for digital services, cloud computing, and artificial intelligence continues to grow, the company remains focused on scaling its infrastructure responsibly and sustainably to support the country's expanding digital economy.

During the quarter, STT GDC Philippines achieved significant operational milestones across its campuses, with customer demand continuing to outpace initial timelines. At STT Fairview 1, both Level 1 and Level 2 data halls are now 100% contracted, accelerating the campus into active fit-outs for Levels 3 and 4. At STT Cavite 2, Phase 1 is now fully ready for service with active customer deployments, while fit-out activities for Phase 2 have also commenced. These developments keep the platform firmly on track to reach 30MW of total capacity before year-end, reflecting sustained customer demand and continued operational execution.

Beyond capacity expansion, STT GDC Philippines continued to benefit from strong institutional support and growing recognition of digital infrastructure as a strategic growth sector. On the policy front, the leadership of its joint venture partner, STT GDC, met with Department of Trade and Industry Secretary Cris Roque in August to discuss expansion plans and the country's broader digital sovereignty agenda.

Globally, the completed acquisition of STT GDC by the KKR and Singtel consortium brings significant international capital backing and reinforces confidence in the platform's long-term growth potential.

Locally, Globe Telecom continues to view digital infrastructure as a key growth opportunity, with STT GDC positioned as an important vehicle to support expanding cloud adoption and accelerate AI development in the Philippines.

To support this expansion sustainably, STT GDC Philippines continues to operate its facilities using 100% renewable energy across all operational sites. At STT Fairview, an advanced closed-loop cooling system has been integrated into the campus since its inception, recirculating water within a sealed environment to minimize reliance on municipal water sources. Beyond its facilities, the company has strengthened its environmental initiatives through a partnership with Haribon to plant 2,500 mangrove seedlings, which are projected to sequester 15 tonnes of carbon equivalent annually as the habitat matures. Together with the creation of thousands of high-value local jobs and its alignment with C40 global urban sustainability standards, these initiatives support STT GDC Philippines' goal of achieving carbon-neutral operations by 2030.

With capacity being contracted rapidly as it becomes available, strong global backing, and sustainable infrastructure design, STT GDC Philippines continues to strengthen its position as a key enabler of the country's digital transformation. These developments reinforce its role in responsibly supporting the growing demand for digital and AI infrastructure while building a scalable, sustainable growth platform for Globe.

Sustainability Highlights

Globe’s Sustainability practice is anchored on Globe Purpose, “In everything we do, we treat people right to create a Globe of Good.” By aligning with global sustainability frameworks, standards, and principles such as the United Nations’ Sustainable Development Goals (UN SDGs) and UN Global

Compact and industry sustainability ambitions, the company is able to collaborate with its stakeholders to deliver positive societal and environmental impact. Globe is focused on addressing its material topics by scaling the integration of its sustainability practices within its business units and across the value chain.

Progress towards sustainability ambitions are disclosed in the Globe Sustainability website (https://www.globe.com.ph/about-us/sustainability.html) and in the annual Integrated Report (https://www.globe.com.ph/about-us/sustai