Globe Telecom Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	179,034	180,586	180,164	175,041	168,496	160,520	Upgrade
Other Revenue	2,212	215.84	185.66	261.71	165.43	51.79	Upgrade
Revenue	181,247	180,802	180,350	175,302	168,662	160,571	Upgrade
Revenue Growth (YoY)	-1.21%	0.25%	2.88%	3.94%	5.04%	-3.68%	Upgrade
Cost of Revenue	31,319	31,412	33,329	30,956	29,187	27,285	Upgrade
Gross Profit	149,928	149,389	147,021	144,346	139,475	133,286	Upgrade
Selling, General & Admin	58,943	59,763	61,369	62,769	61,347	55,468	Upgrade
Other Operating Expenses	-274.6	-276.91	-160.38	-107.24	-49.07	-45.5	Upgrade
Operating Expenses	110,283	109,959	108,565	108,315	102,430	90,835	Upgrade
Operating Income	39,644	39,430	38,456	36,031	37,045	42,451	Upgrade
Interest Expense	-14,939	-14,272	-12,081	-9,694	-8,356	-6,795	Upgrade
Interest & Investment Income	918.34	918.34	677.57	340.11	149.51	194.94	Upgrade
Earnings From Equity Investments	3,897	3,897	2,215	1,083	881.54	-2,367	Upgrade
Currency Exchange Gain (Loss)	-585.61	-2,432	1,042	-5,343	-3,656	1,691	Upgrade
Other Non Operating Income (Expenses)	-2,232	-434.64	-5,354	2,487	649.3	-6,304	Upgrade
EBT Excluding Unusual Items	26,704	27,106	24,956	24,905	26,713	28,870	Upgrade
Impairment of Goodwill	-53.43	-53.43	-154.61	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	76.67	101.66	4,344	2,042	Upgrade
Gain (Loss) on Sale of Assets	3,689	3,689	7,630	19,094	152.57	33.24	Upgrade
Asset Writedown	-410.56	-410.56	-92.44	-	-1,156	-4,149	Upgrade
Other Unusual Items	-	-	-	-	-1,014	343.12	Upgrade
Pretax Income	29,928	30,331	32,416	44,100	29,040	27,140	Upgrade
Income Tax Expense	5,463	6,045	7,838	9,496	5,316	8,517	Upgrade
Earnings From Continuing Operations	24,465	24,286	24,578	34,604	23,724	18,623	Upgrade
Minority Interest in Earnings	9.04	18.66	-65.25	-41.04	-71.05	-44.72	Upgrade
Net Income	24,474	24,304	24,513	34,563	23,653	18,578	Upgrade
Preferred Dividends & Other Adjustments	1,444	1,431	1,381	1,300	524.15	570.09	Upgrade
Net Income to Common	23,031	22,873	23,132	33,263	23,129	18,008	Upgrade
Net Income Growth	1.69%	-0.85%	-29.08%	46.13%	27.31%	-16.57%	Upgrade
Shares Outstanding (Basic)	144	144	144	136	134	133	Upgrade
Shares Outstanding (Diluted)	145	145	145	136	135	134	Upgrade
Shares Change (YoY)	0.13%	0.13%	6.40%	1.36%	0.15%	0.20%	Upgrade
EPS (Basic)	159.53	158.48	160.45	245.44	173.18	135.04	Upgrade
EPS (Diluted)	158.89	157.83	159.74	244.25	172.26	134.40	Upgrade
EPS Growth	1.14%	-1.20%	-34.60%	41.80%	28.16%	-17.14%	Upgrade
Free Cash Flow	33,236	28,822	9,912	-32,828	-27,610	4,891	Upgrade
Free Cash Flow Per Share	228.66	198.34	68.30	-240.70	-205.19	36.40	Upgrade
Dividend Per Share	100.000	100.000	100.000	106.000	108.000	107.990	Upgrade
Dividend Growth	-	-	-5.66%	-1.85%	0.01%	18.67%	Upgrade
Gross Margin	82.72%	82.63%	81.52%	82.34%	82.69%	83.01%	Upgrade
Operating Margin	21.87%	21.81%	21.32%	20.55%	21.96%	26.44%	Upgrade
Profit Margin	12.71%	12.65%	12.83%	18.97%	13.71%	11.21%	Upgrade
Free Cash Flow Margin	18.34%	15.94%	5.50%	-18.73%	-16.37%	3.05%	Upgrade
EBITDA	75,362	74,677	72,253	76,596	75,402	76,653	Upgrade
EBITDA Margin	41.58%	41.30%	40.06%	43.69%	44.71%	47.74%	Upgrade
D&A For EBITDA	35,717	35,247	33,797	40,565	38,357	34,202	Upgrade
EBIT	39,644	39,430	38,456	36,031	37,045	42,451	Upgrade
EBIT Margin	21.87%	21.81%	21.32%	20.55%	21.96%	26.44%	Upgrade
Effective Tax Rate	18.25%	19.93%	24.18%	21.53%	18.31%	31.38%	Upgrade
Revenue as Reported	12,213	10,239	11,482	22,992	5,840	1,678	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.