Globe Telecom Inc. plans to maintain its capital expenditure (capex) reduction strategy in 2025, while still allocating a significant portion to data-related investments to support the growing demand for digital services.
Globe said it expects its capex to be under $1 billion for this year in line with its goal of generating positive free cash flow, noting its commitment to financial discipline and long-term sustainability.
Globe also said it remains confident to meet its financial targets, focusing on disciplined investment and operational efficiencies.
“We are pleased with our 2024 performance, which highlights the strength and resilience of our financial position,” Ernest Cu, Globe president and chief executive officer, said in a statement on February 22.
“Our strategic focus on capex and the continuous optimization of our network have driven strong income growth and improved free cash flow. We are excited to build on this momentum in 2025,” Cu added.
The company noted an improvement in its capex-to-revenue ratio, dropping from 44 percent in 2023 to 34 percent in 2024, reflecting its disciplined capital allocation strategy.
In addition, Globe reported that total debt slightly decreased from P250 billion in 2023 to P249.5 billion in 2024.
