$GLO

AB Capital reports Globe Telecom (GLO) posted resilient 2Q26 results, with revenue up 8% YoY and EBITDA up 6% YoY. Core net income fell 11% YoY to P5.3B due to higher financing costs, depreciation, and weaker Mynt earnings, with Mynt down 12% YoY to P1.8B. The note cites wireline and wireless growth and maintains an OUTPERFORM rating.

Globe Telecom said it expects to return to growth in H2 after first-half profit fell 11% to PHP 11.04 billion. The company reported H1 revenue up 6% to PHP 92.66 billion, driven by mobile and broadband, with broadband subscribers up 32% to over 2 million. Expenses rose 6% to PHP 47.79 billion. Globe also noted Mynt’s planned Oct. 19 PSE listing for GCash and capacity plans for STT GDC Philippines.

AB Capital’s The Opening Bell reports Globe Telecom’s 2Q26 revenue rose 8% YoY to P43.5B and EBITDA increased 6% to P22.7B. Core net income fell 11% YoY to P5.3B due to higher financing costs, depreciation, and weaker associate income. Wireline and wireless grew, but Mynt’s earnings contribution declined. AB Capital maintains OUTPERFORM and will monitor the Aug. 10 briefing and Mynt IPO.

Globe Telecom reported first-half net income fell 11% to P11B from P12.40B despite record service revenues rising 6% to P85.4B. Globe cited lower gains from dilution of its Mynt stake and higher nonoperating charges. Mobile service revenue was P60.40B, broadband P12.40B. Capex was P26.30B, up 39%. Shares fell 3.25% to P1,755.

Simply Wall St reports GL Events’ half-year 2026 results: sales of €965.33 million and net income of €53.83 million, with basic EPS from continuing operations at €1.8. The stock trades around €31.4, with a 7.35% YTD return. The article cites a P/E of 10.8x versus a fair P/E of 16.8x and a DCF value of €74.89 per share.

The article says Philippine-listed companies showed resilience in the first half of 2026 despite volatility after the late-February Middle East war. It cites economists that domestic consumption and lower rates cushioned impacts, while firms exposed to fuel and logistics faced more pressure. It highlights share moves including ICTSI up 57% to P890, Monde Nissin up 24.3%, and PSEi down 0.26% to 6,037.17.

Simply Wall St reports GL Events (ENXTPA:GLO) posted H2 2025 revenue of €886.7m and basic EPS of €1.69, versus H2 2024 revenue €813.8m and basic EPS €1.24. Trailing 12-month revenue is €1.8b with EPS €2.85 and net margin 4.8%. The article cites a DCF fair value of €75.20 per share and notes weaker debt coverage and an unstable dividend record.

Ayala Corp. (AC) retained its place in the FTSE4Good Index Series for a 12th straight year after the June 2026 review, according to the company. Subsidiaries ACEN (ACEN), Ayala Land (ALI), BPI, and Globe Telecom (Globe) also stayed in. The group cited ESG criteria and said it had about $6.9 billion in sustainable financing as of end-2025, including a $100 million sustainability-linked loan with DBS in May.

Globe Telecom secured a P10 billion term loan from LANDBANK to fund part of its capex, refinance debt, and cover general corporate needs, according to a regulatory filing. Globe kept 2026 cash capex guidance below $1 billion (about P61 billion). Q1 capex was P12.7 billion (+51% YoY); attributable net income fell 20% to P5.55 billion.

Mynt Corp., parent of e-wallet GCash, plans to list up to 12.5% via an IPO, which market participants say could shift the PSE toward tech exposure and attract foreign index funds. COL Financial’s April Tan said Mynt’s potential PSEi inclusion may require free-float rule changes (below 20%). She also noted Globe and Ayala’s Mynt stake is valued around $8B. GCash reported Q1 income attributable to Globe up 120% QoQ to P1.9B, with Fuse disbursements P406B (+60% YoY).