Globe Telecom, Inc. signed a term loan facility of JPY 20 billion with Mizuho Bank, Ltd, which shall be used to partially finance the Company’s capital expenditures (capex), debt refinancing, and other general corporate requirements.
Globe invested approximately ₱31.4 billion in capex in the first nine months of 2025, a 23% decrease from ₱41.0 billion in the same period last year. This reduction reflects the company’s focus on strategic capital management while continuing to channel resources toward essential network improvements, in line with its full-year capex guidance of below US$1 billion.
The cash capex-to-revenue ratio improved to more sustainable levels at 26% from 33%, while the capex-to-EBITDA ratio narrowed to 49% from 63%, demonstrating increased capital efficiency and investment flexibility. 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, approximately 89% of capex was allocated to datarelated 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.
