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
Period Ending	Sep '25 Sep 30, 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
Operating Revenue	177,432	180,586	180,164	175,041	168,496	160,520
Other Revenue	2,798	215.84	185.66	261.71	165.43	51.79
Revenue	180,230	180,802	180,350	175,302	168,662	160,571
Revenue Growth (YoY)	-0.49%	0.25%	2.88%	3.94%	5.04%	-3.68%
Cost of Revenue	30,433	31,412	33,329	30,956	29,187	27,285
Gross Profit	149,797	149,389	147,021	144,346	139,475	133,286
Selling, General & Admin	57,704	59,763	61,369	62,769	61,347	55,468
Other Operating Expenses	-269.49	-276.91	-160.38	-107.24	-49.07	-45.5
Operating Expenses	110,588	109,959	108,565	108,315	102,430	90,835
Operating Income	39,209	39,430	38,456	36,031	37,045	42,451
Interest Expense	-15,842	-14,272	-12,081	-9,694	-8,356	-6,795
Interest & Investment Income	834.97	918.34	677.57	340.11	149.51	194.94
Earnings From Equity Investments	5,616	3,897	2,215	1,083	881.54	-2,367
Currency Exchange Gain (Loss)	-1,919	-2,432	1,042	-5,343	-3,656	1,691
Other Non Operating Income (Expenses)	-1,695	-434.64	-5,354	2,487	649.3	-6,304
EBT Excluding Unusual Items	26,203	27,106	24,956	24,905	26,713	28,870
Impairment of Goodwill	-53.43	-53.43	-154.61	-	-	-
Gain (Loss) on Sale of Investments	21.09	-	76.67	101.66	4,344	2,042
Gain (Loss) on Sale of Assets	330.87	3,689	7,630	19,094	152.57	33.24
Asset Writedown	-410.56	-410.56	-92.44	-	-1,156	-4,149
Other Unusual Items	-	-	-	-	-1,014	343.12
Pretax Income	26,091	30,331	32,416	44,100	29,040	27,140
Income Tax Expense	4,671	6,045	7,838	9,496	5,316	8,517
Earnings From Continuing Operations	21,420	24,286	24,578	34,604	23,724	18,623
Minority Interest in Earnings	1.54	18.66	-65.25	-41.04	-71.05	-44.72
Net Income	21,422	24,304	24,513	34,563	23,653	18,578
Preferred Dividends & Other Adjustments	1,414	1,431	1,381	1,300	524.15	570.09
Net Income to Common	20,008	22,873	23,132	33,263	23,129	18,008
Net Income Growth	-16.96%	-0.85%	-29.08%	46.13%	27.31%	-16.57%
Shares Outstanding (Basic)	144	144	144	136	134	133
Shares Outstanding (Diluted)	146	145	145	136	135	134
Shares Change (YoY)	0.06%	0.13%	6.40%	1.36%	0.15%	0.20%
EPS (Basic)	138.53	158.48	160.45	245.44	173.18	135.04
EPS (Diluted)	137.98	157.83	159.74	244.25	172.26	134.40
EPS Growth	-17.86%	-1.20%	-34.60%	41.80%	28.16%	-17.14%
Free Cash Flow	33,398	28,822	9,912	-32,828	-27,610	4,891
Free Cash Flow Per Share	229.53	198.34	68.30	-240.70	-205.19	36.40
Dividend Per Share	100.000	100.000	100.000	106.000	108.000	107.990
Dividend Growth	-	-	-5.66%	-1.85%	0.01%	18.67%
Gross Margin	83.11%	82.63%	81.52%	82.34%	82.69%	83.01%
Operating Margin	21.75%	21.81%	21.32%	20.55%	21.96%	26.44%
Profit Margin	11.10%	12.65%	12.83%	18.97%	13.71%	11.21%
Free Cash Flow Margin	18.53%	15.94%	5.50%	-18.73%	-16.37%	3.05%
EBITDA	75,330	74,677	72,253	76,596	75,402	76,653
EBITDA Margin	41.80%	41.30%	40.06%	43.69%	44.71%	47.74%
D&A For EBITDA	36,121	35,247	33,797	40,565	38,357	34,202
EBIT	39,209	39,430	38,456	36,031	37,045	42,451
EBIT Margin	21.75%	21.81%	21.32%	20.55%	21.96%	26.44%
Effective Tax Rate	17.90%	19.93%	24.18%	21.53%	18.31%	31.38%

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