Globe Telecom, Inc. (Globe) has signed a JPY 20 billion term loan facility with Mizuho Bank, Ltd. The capital injection is a strategic move that will be used to partially finance the Company’s capital expenditures (capex), debt refinancing, and other general corporate requirements, supporting Globe’s ongoing commitment to enhancing digital connectivity across the nation.
The new financing supports Globe’s disciplined approach to capital management, which has already resulted in improved financial metrics for the first nine months of 2025.
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Capex Investment: Globe invested approximately Php31.4 billion in capex during the period, a 23% decrease from Php41.0 billion in the same period last year. This reduction aligns with the company’s full-year capex guidance of below US$1 billion and reflects a sharpened focus on strategic and essential network improvements.
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Improved Ratios: The company demonstrated enhanced capital efficiency:
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The cash capex-to-revenue ratio improved to 26% from 33%.
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The capex-to-EBITDA ratio narrowed to 49% from 63%.
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Data Commitment: Consistent with prior investment periods, approximately 89% of capex was allocated to data-related projects, reaffirming Globe’s dedication to advancing digital capacity and expanding connectivity nationwide to meet growing customer demand.
These improvements in capital efficiency and investment flexibility are intended to strengthen Globe’s positive free cash flow position and pave the way for targeted network initiatives for the remainder of the year.
By pursuing focused investments and innovation shaped around customer demand, Globe continues its mission to empower more Filipinos to thrive in a digitally connected economy.
