Globe Telecom, Inc. (GTMEY) Q2 2026 Earnings Call Transcript

Operator

Good morning, everyone, and welcome to the Second Quarter 2026 Analyst 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.

Unknown Executive

Welcome, everyone, and thank you for joining us for Globe’s Second Quarter 2026 Analyst 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 gross service revenues climbed to a new all-time high of PHP 85.4 billion for the first 6 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 PHP 43.4 billion 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 PHP 44.9 billion in the first 6 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