CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Mar 17, 2025
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, PampangaPostal Code2009
8. Issuer's telephone number, including area code
(02) 8667-0888
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
7,266,573,061
Fixed Rate Bonds
10,000,000,000
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Converge Information and Communications Technology Solutions, Inc.CNVRG
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
ACHIEVED HIGH END OF FY2024 GUIDANCE WITH INDUSTRY-LEADING FINANCIAL TRIFECTA – CONSOLIDATED REVENUE GROWTH AT 14.8% YOY, EBITDA MARGIN ENDED AT 60.5% AND ROIC AT 18.3%
FY2024 CONSOLIDATED RESIDENTIAL NET ADDS REACHED 435,406, ALMOST 74% HIGHER THAN FY2023 NET ADDS
Background/Description of the Disclosure
FY2024 Key Highlights ¿ Converge registered consolidated revenues of P40.6Bn for FY2024, higher by 14.8% YoY ¿ FY2024 Residential revenues grew to P34.4Bn or 13.7% YoY growth ¿ Enterprise revenues reached P6.2Bn, a growth of 21.9% YoY ¿ EBITDA grew 14.2% to P24.6Bn with margin ending at 60.5% for FY2024 ¿ Net income after tax increased by 18.8% to reach P10.8 Bn representing net income margin of 26.6% ¿ Consolidated residential net additions for 4Q2024 reached a total of 103,607 ¿ Maintained industry-leading ROIC at 18.3% for FY2024
Other Relevant Information
Please see attached full disclosure.
Amendment: Corrected Exhibit 1 4Q2023 financial figures to align with historical disclosures.