Globe Telecom Inc. has set the initial dividend rates for its P25-billion preferred shares offering as it seeks to fund capital expenditures and debt redemption.
The telecommunications firm said in a disclosure to the Philippine Stock Exchange the initial dividend rate for its Series A non-voting preferred shares would be 6.1179 percent. The Series B shares will carry a higher rate of 6.7631 percent.
The rates cover the planned offer of up to 12.5 million non-voting preferred shares, which includes an oversubscription option. Globe priced the shares at P2,000 each.
The company said it intends to use the proceeds to redeem its outstanding US dollar-denominated senior perpetual notes and finance its capital expenditures.
The offer period is scheduled to run from Feb. 13 to Feb. 20, 2026. The final price and dividend rates were determined on Feb. 10, with a tentative listing date set for March 2.
BPI Capital Corp., BDO Capital & Investment Corp. and China Bank Capital Corp. are the joint lead issue managers, underwriters and book runners for the transaction.
Globe earlier said its 2025 core net income, which excludes non-recurring items such as asset sales and foreign exchange movements, reached P20.9 billion. This was a slight decrease from the P21.5 billion reported in 2024.
The company’s mobile business recorded service revenues of P116.9 billion in 2025, up from P116.7 billion the previous year.
Its mobile subscriber base grew 8 percent to 65.8 million by the end of 2025, compared with 60.9 million in 2024.
For 2026, Globe expects mid-single-digit revenue growth driven by sustained momentum in its mobile data and fiber business segments.
