Globe Telecom's Q1 profit rises to PHP 7 billion, thanks to GCash

Globe posts ₱7B net income in Q1 2025

Telecommunications company Globe reported a net income of ₱7 billion for the first quarter of 2025, showing a 3% increase from ₱6.8 billion during the same period last year. The increase was largely driven by higher equity earnings from affiliates and a ₱2.6 billion gain from the dilution of its ownership in Mynt, following an […] The post Globe posts ₱7B net income in Q1 2025 appeared first on Back End News.

Globe Telecom's Q1 profit rises to PHP 7 billion, thanks to GCash

Globe Telecom Inc. saw its earnings in the first quarter inch up by 3 percent to PHP 7 billion, thanks to the robust operations of Mynt—the parent firm of leading mobile wallet GCash.File photo: Globe and GCash logosMynt contributions lifted Globe's Q1 2025 profitIn an earlier statement, the telco giant said Mynt chipped in PHP 1.8 billion to the group’s bottom line, soaring by 86 percent from a PHP 962 million contribution a year ago. This, as …