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Globe Telecom, Inc.

Business Summary

Globe Telecom, Inc. engages in the provision of telecommunications services. It offers digital mobile communications, fixed line communications, and broadband services. It operates through the Mobile Communication Services and Wireline Communication Services segments. The company was founded in 1928 and is headquartered in Taguig, Philippines.

Financial Highlights

Dec 2021 PHPUSD
Gross Profit107,165.51M2,173.97M
Operating income32,934.65M668.11M
Income before tax28,158.23M571.22M
Net income23,438.72M475.48M
Diluted EPS169.483.43
Dividends Per Share104.692.12
Total Assets458,459.84M8,990.73M
Total liabilities374,041.82M7,335.23M
Total equity84,124.33M1,649.73M
Operating cash flow57,584.06M1,168.16M
Currency in PHPCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 135,280.73M 151,172.80M 166,660.33M 160,519.54M 167,747.21M
Gross Profit 86,785.08M 96,297.95M 109,829.03M 107,548.16M 107,165.51M
Operating income 25,694.14M 34,631.68M 40,974.29M 36,618.88M 32,934.65M
Income before tax 21,541.70M 27,613.31M 35,382.15M 29,507.10M 28,158.23M
Net income 15,065.77M 18,640.74M 22,269.34M 18,578.32M 23,438.72M
EBITDA 53,324.02M 65,183.84M 75,267.91M 72,176.83M 74,261.42M
Diluted EPS 107.25 133.22 159.59 132.24 169.48
Dividends Per Share 89.53 89.53 106.25 106.26 104.69
Total Assets 277,766.28M 299,498.10M 304,290.73M 339,779.83M 458,459.84M
Total liabilities 211,208.55M 226,354.60M 223,043.74M 256,975.36M 374,041.82M
Total equity 66,515.02M 73,119.33M 81,112.42M 82,567.06M 84,124.33M
Operating cash flow 45,017.70M 51,609.07M 67,375.73M 58,582.37M 57,584.06M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,683.36M 2,869.48M 3,218.60M 3,236.24M 3,402.95M
Gross Profit 1,721.42M 1,827.88M 2,121.05M 2,168.28M 2,173.97M
Operating income 509.65M 657.36M 791.30M 738.27M 668.11M
Income before tax 427.29M 524.14M 683.31M 594.89M 571.22M
Net income 298.83M 353.82M 430.07M 374.55M 475.48M
EBITDA 1,057.70M 1,237.28M 1,453.59M 1,455.16M 1,506.48M
Diluted EPS 2.12 2.52 3.08 2.66 3.43
Dividends Per Share 1.77 1.69 2.05 2.14 2.12
Total Assets 5,564.22M 5,695.50M 6,008.30M 7,075.28M 8,990.73M
Total liabilities 4,230.94M 4,304.54M 4,404.06M 5,351.03M 7,335.23M
Total equity 1,332.43M 1,390.49M 1,601.58M 1,719.30M 1,649.73M
Operating cash flow 892.94M 979.61M 1,301.18M 1,181.08M 1,168.16M

Valuation Measures

Dec 2021
Operating margin19.63%
Profit margin13.97%

Key executives

  • President, CEO & Executive Director: Ernest Lawrence Cu
  • Chief Transformation & Operations Officer: Rebecca V. Eclipse
  • CFO, Treasurer & Chief Risk Officer: Rosemarie Maniego-Eala
  • Chief Information Officer: Raul I. Macatangay
  • Chief Compliance Officer, SVP-Law & Compliance: Marisalve Ciocson-Co


  • Singapore Telecommunications Ltd. (44.1%)
  • Ayala Corp. (29.0%)
  • Matthews International Capital Management LLC (0.9%)
  • The Vanguard Group, Inc. (0.7%)
  • BlackRock Fund Advisors (0.6%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.5%)
  • Norges Bank Investment Management (0.2%)
  • Handelsbanken Fonder AB (0.2%)
  • CU ERNEST L (0.1%)
  • Dimensional Fund Advisors LP (0.1%)

Contact Details

  • Website:
  • Address: The Globe Tower, 32nd Street corner 7th Avenue, Taguig, 1634, Philippines
  • Phone: +.632.7730.2000

Related Companies

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  • Globe Capital Venture Holdings, Inc.
  • Evergreen Environmental Resources, Inc.
  • Globe Telecom Pte Ltd.
  • Globe Fintech Innovations, Inc.
  • TaoDharma, Inc.
  • Yondu, Inc.
  • GTI Business Holdings, Inc.
  • Kickstart Ventures, Inc.
  • Asticom Technology, Inc.
  • G-Xchange, Inc.
  • Electronic Commerce Payments, Inc.
  • Innove Communications, Inc.
  • Globequest, Inc.
  • Bayan Telecommunications, Inc.
  • Globe Telecom, Inc. - ESOP
  • Globe Telecom, Inc. - ESOWN


  • PLDT, Inc.
  • Converge Information & Communications Technology Solutions Inc
  • IPS, Inc.
  • Grab Holdings Ltd. (Singapore) Class A
Last Updated on 28 Nov, 2022

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