Converge Information and Communications Technology Solutions, Inc. on Thursday said net income grew by 18.3 percent in the first quarter of 2025, boosted by its residential and enterprise segments.
The company posted a net profit of P3 billion in the January to March period 2025 from P2.6 billion in the same period last year.
Converge’s consolidated revenue growth went up by 13.2 percent to P10.8 billion, reinforcing its position as the fastest-growing fixed broadband and technology services provider in the Philippines.
The company is targeting 14 percent to 16 percent revenue growth this year.
“The momentum is still quite strong. In the first quarter of 2025 we hit the ground running this year and we are confident to sustain its gain from last year,” Dennis Anthony Uy, Converge chief executive and founder said.
The residential business grew to P9.1 billion during the same period, representing 11.5 percent year over-year growth.
Converge ended March 2025 with a total of 2,701,336 residential subscribers.
