Converge Information and Communications Technology Solutions, Inc. said Thursday its net income grew by 8.4 percent in the first nine months of 2025, driven by a higher residential subscriber base.
The company said net income amounted to P8.9 billion in the January to September period, up from P8.2 billion in the same period last year.
Consolidated revenues went up by 10.1 percent in the first nine months to P33 billion, from P29.9 billion in the same period last year.
Its residential business rose 9.1 percent year-over-year to P27.7 billion during the nine-month period with a total of 2,926,593 residential subscribers. This is comprised of 2,416,561 postpaid subscribers and 510,032 prepaid subscribers.
Converge said the gross and net fiber additions show continuous demand for all three core products: FiberX, BIDA Fiber, and Surf2Sawa.
For the first nine months of 2025, total residential gross additions reached more than half a million. FiberX gross additions remained stable during the third quarter, and Surf2Sawa gross additions reached more than 100,000 during the same period.
Enterprise revenue also grew by 16.2 percent to P5.2 billion from P4.5 billion in the same period last year. The SME and Wholesale subsegments saw strong double-digit revenue growth due to a larger customer base.
Meanwhile, Converge said its trans-Pacific cable system Bifrost has reached Philippine shores, landing in Davao in August.
Strategically owning and operating the Davao International Cable Landing Station (ICLS) where the Bifrost Philippine branch will be terminated, Converge will soon provide direct access to one of the most advanced international subsea cable systems, delivering unparalleled speed, resilience, and capacity for global communications.
The Bifrost Cable System is the first trans-Pacific system in over two decades that traverses a new route between the United States (California and Oregon), Guam, and Southeast Asia via Indonesia, Singapore, and the Philippines, enabling ultra-low latency and high-capacity bandwidth essential for today’s digital economy.
“This milestone is more than a technological achievement — it’s a national enabler. With this critical infrastructure in place, we are not only enabling digital transformation but also creating new trade pathways and opportunities for the Philippines,” said Dennis Anthony Uy, chief executive and co-founder of Converge.
“This is about digital transformation, economic empowerment, and future-proofing our national infrastructure. We are enabling secure, high-capacity, cross-border data flows that will drive global trade, power innovation, and position the Philippines as a formidable player in the digital economy,” he added.
Currently undergoing testing and equipment installation, the Bifrost Cable System is expected to be operational by year-end.
