Converge ICT Solutions Inc. reported robust full-year 2025 results. Revenue grew 10.2% to PHP 44.8 billion. Residential segment rose 8.4%, enterprise surged 20.3%.
Net income increased 9.6% to PHP 11.9 billion. EBITDA margin remained strong at 60.4%. However, shares fell 2.09% to PHP 11.46.
Investor concerns center on rising trade receivables and operational challenges. The stock trades at a P/E of 7.45 and PEG of 0.78, suggesting undervaluation.
Converge plans to deploy 900k-1 million ports in 2026. It targets 4 million subscribers by 2027, up 34% from 2025. Enterprise offerings including cloud and data centers will expand.
A dividend of PHP 0.49 per share was declared, representing 30% of net income.
