Globe Telecom Inc. has secured a P5 billion term loan facility from the Bank of Commerce to support its ongoing capital expenditures, refinance debt and meet other general corporate needs.
The Ayala-led company previously obtained a P5 billion term loan facility from the Bank of Commerce, also intended to support its ongoing capital expenditures, refinance debt and cover general corporate needs.
Globe invested about P31.4 billion in capital expenditures during the first nine months of 2025, marking a 23 percent decrease from the P41.0 billion spent during the same period last year.
The company attributed this decrease to a focus on strategic capital management, noting that it is still directing resources toward critical network improvements, keeping in line with its full-year capital expenditure guidance of below $1 billion.
“The cash capex-to-revenue ratio improved to more sustainable levels at 26 percent from 33 percent, while the capex-to-EBITDA ratio narrowed to 49 percent from 63 percent, demonstrating increased capital efficiency and investment flexibility,” it added.
Globe said these improvements pave the way for targeted network initiatives for the remainder of the year and strengthen Globe’s positive free cash flow position.
Consistent with prior periods, about 89 percent of capital expenditures was allocated to data-related projects, reaffirming Globe’s commitment to advancing digital capacity and expanding connectivity nationwide.
“By pursuing focused investments and innovation shaped around customer demand, Globe continues to empower more Filipinos to thrive in a digitally connected economy,” Globe said.
Globe earlier reported a net income of P17.7 billion in the January to September period, down by 14 percent from P20.6 billion in the same period last year.
Core net income, which strips out non-recurring items including gains from asset disposals, forex movements and mark-to-market adjustments, amounted to P15.5 billion, down from P17.6 billion in the same period last year.
For the first nine months of 2025, the company recorded P121.7 billion in consolidated gross service revenues, a slight decrease from the P124 billion posted in the same period last year.
