Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG)

PSE:CNVRG Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	44,770	40,610	35,359	33,696	26,479
Revenue Growth (YoY)	10.24%	14.85%	4.94%	27.26%	69.17%
Cost of Revenue	16,283	14,744	13,110	13,438	10,727
Gross Profit	28,487	25,867	22,249	20,258	15,751
Selling, General & Admin	9,988	8,965	6,693	6,601	4,551
Other Operating Expenses	-105.47	-257.28	-302.45	-173.4	-38.14
Operating Expenses	11,709	10,349	7,759	8,088	5,518
Operating Income	16,778	15,518	14,490	12,170	10,234
Interest Expense	-1,550	-1,922	-2,079	-1,732	-485.52
Interest & Investment Income	333.34	399.75	388.04	52.68	44.49
Earnings From Equity Investments	44.24	123.83	248.09	50.97	38.59
Currency Exchange Gain (Loss)	50.98	58.05	77.42	27.44	-270.47
EBT Excluding Unusual Items	15,657	14,177	13,125	10,569	9,561
Gain (Loss) on Sale of Investments	0.84	1.76	3.6	-6.4	-19.61
Gain (Loss) on Sale of Assets	79.72	46.55	52.69	-163.6	-0.67
Asset Writedown	-	-	-1,059	-543.59	-
Other Unusual Items	13.26	63.4	-	-	12.49
Pretax Income	15,751	14,289	12,122	9,856	9,553
Income Tax Expense	3,896	3,476	3,023	2,416	2,395
Earnings From Continuing Operations	11,855	10,813	9,099	7,439	7,158
Minority Interest in Earnings	3.21	-	-2.03	-	-
Net Income	11,858	10,813	9,097	7,439	7,158
Net Income to Common	11,858	10,813	9,097	7,439	7,158
Net Income Growth	9.67%	18.86%	22.28%	3.93%	111.29%
Shares Outstanding (Basic)	7,258	7,267	7,267	7,375	7,526
Shares Outstanding (Diluted)	7,258	7,267	7,267	7,375	7,526
Shares Change (YoY)	-0.12%	-	-1.47%	-2.01%	6.64%
EPS (Basic)	1.63	1.49	1.25	1.01	0.95
EPS (Diluted)	1.63	1.49	1.25	1.01	0.95
EPS Growth	9.54%	19.04%	23.91%	6.18%	97.92%
Free Cash Flow	9,437	12,496	9,033	-6,783	-10,498
Free Cash Flow Per Share	1.30	1.72	1.24	-0.92	-1.40
Dividend Per Share	0.490	0.430	-	-	-
Dividend Growth	13.95%	-	-	-	-
Gross Margin	63.63%	63.70%	62.92%	60.12%	59.49%
Operating Margin	37.48%	38.21%	40.98%	36.12%	38.65%
Profit Margin	26.49%	26.63%	25.73%	22.08%	27.03%
Free Cash Flow Margin	21.08%	30.77%	25.55%	-20.13%	-39.65%
EBITDA	23,447	21,750	20,391	18,761	14,060
EBITDA Margin	52.37%	53.56%	57.67%	55.68%	53.10%
D&A For EBITDA	6,668	6,232	5,901	6,591	3,826
EBIT	16,778	15,518	14,490	12,170	10,234
EBIT Margin	37.48%	38.21%	40.98%	36.12%	38.65%
Effective Tax Rate	24.74%	24.33%	24.94%	24.52%	25.07%
Advertising Expenses	1,135	879.01	439.04	-	533.86

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.