Globe Telecom Inc. ramped up its network investments during the first nine months of 2026, allocating ₱35.8 billion for capital expenditures to strengthen its infrastructure and digital services nationwide.
According to a disclosure filed with the Philippine Stock Exchange, the nine-month capex represents a 14-percent increase compared to the same period last year and accounts for 28 percent of the company’s service revenues. The majority of these outlays—89 percent—were channeled into data-related initiatives to enhance network performance, manage surging data traffic, and expand capacity.
The heavy investments coincided with a 6-percent growth in consolidated service revenues, which reached ₱128.99 billion up from ₱121.68 billion a year earlier. Combined with nonservice revenues of ₱10.35 billion, total gross revenues climbed to ₱139.34 billion.
Mobile services continued to drive the top line, contributing ₱91.37 billion. Within this segment, mobile data revenues expanded by 10 percent to ₱81.22 billion, supported by an increase in total mobile data traffic to 5,705 petabytes from 4,846 petabytes. Average monthly data usage per subscriber also grew to about 17 gigabytes from 15 gigabytes.
Despite the revenue expansion, Globe’s attributable net income for the first nine months slipped 6.9 percent to ₱16.47 billion from ₱17.69 billion. The company attributed the decline to higher net interest expenses and the absence of last year’s one-time gains from tower sales and the dilution of its investment in Mynt Inc., the operator of GCash.
Performance improved on a quarterly basis, however, with third-quarter net income rising 3.6 percent to ₱5.44 billion from ₱5.25 billion a year ago. Gross revenues for the July-to-September period grew 5.2 percent to ₱46.68 billion, bolstered by stronger business activity and asset disposals that helped offset a 7.7-percent rise in gross expenses.
Looking toward the end of the year, Globe President and CEO Carl Raymond Cruz maintained a cautious perspective regarding macroeconomic challenges.
”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,” Cruz said.
”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,” he added.