Globe wins Standard Insights Consumer Choice Awards for Green Network and Environmental Commitment
The Consumer Choice Awards employ a rigorous, research-driven, and unbiased process to capture consumer sentiment accurately and help them make informed decisions about businesses that best meet their needs.
Data is collected through an online survey conducted over a short period for real-time, up-to-date insights through digital cross-platform sourcing.
A total of 1,201 respondents aged 18 and above from Luzon, Visayas, and Mindanao participated in the survey conducted from January 14 to January 21, 2025. The survey focused on individuals with at least one current mobile plan, either prepaid or postpaid.
"We are actively embedding sustainability practices in our operations, from greening our network to providing customers with ways to participate and contribute to social good and environmental conservation. These awards not only validate our ongoing efforts to reduce our environmental impact but also reflect our customers' awareness and support to our sustainability initiatives," said Yoly Crisanto, Globe's Chief Sustainability and Corporate Communications Officer.
Globe earlier won Standard Insights awards for its sustainability practices, having been proclaimed the Most Sustainability-Driven Network in 2023 and the Most Sustainable Brand in 2024.
One strategic way Globe reduces its environmental impact is by ramping up its efforts on renewable energy such as site solarization. This reduces the company's reliance on coal-based electricity and diesel generators while maintaining reliable and efficient service. As of year end 2024, 53 sites were equipped with hybrid solar power solutions.
In addition, as of February 2025, 33 Globe offices and sites have fully transitioned to renewable energy, aligning with the company's goal of achieving net-zero greenhouse gas emissions by 2050.
Reflecting this progress, Globe's Valero Telepark has received a Special Award for Innovative Technology from the Department of Energy's Energy Efficiency Excellence Awards 2024 for operating on 100% renewable energy and utilizing Artificial Intelligence to optimize compressor energy management.
Globe's commitment to energy conservation and efficiency is demonstrated through its ISO 50001 certification, first received in 2022 and set for re-accreditation this year. This certification helps evaluate processes and systems to improve energy use and consumption across operations, and adopt technologies that contribute to efficiency.
For consumers, Globe advances sustainability through initiatives such as EcoSIM, the Philippines' first SIM made from 100% recycled materials, and the Device Trade-In Program, which enables customers to responsibly dispose of old devices in exchange for postpaid bill credits.
In addition, the Globe Rewards program enables customers to convert earned points into donations for environmental causes, supporting organizations such as the Hineleban Foundation, the Philippine Eagle Foundation, and Philippine Seatizens (Save Philippine Seas).
To learn more about Globe, visit https://www.globe.com.ph/.
Sustainability at Globe
Globe is a Participant of the United Nations Global Compact and has committed to uphold the Ten Principles in the areas of human rights, labour, environment and anti-corruption. It also supports 10 out of the 17 UN Sustainable Development Goals, with particular focus on SDG 9 - Industry, Innovation and Infrastructure, and SDG 13 - Climate Action. As a Participant in the #RaceToZero campaign of United Nations Framework Convention on Climate Change (UNFCCC), Globe has validated and approved near-term and net-zero science-based greenhouse gas (GHG) emission reduction targets through the Science-Based Targets initiative (SBTi).
Learn more about Globe Sustainability by visiting the Globe Sustainability Website and the Globe Annual Integrated Report.
Follow us on @GlobeIcon on Facebook and @globe_icon on Instagram, and Globe Telecom on LinkedIn.
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SOURCE Globe Telecom, Inc.
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Net change in fair value on financial assets measured at FVOCI (5,798)1,019(5,798)894 - Gains and losses on cash flow hedges 13,158(13,133)3,000(4,378) Total comprehensive income for the period 114,50828,82744,76612,136 Net income attributable to:Owners of the Company 28,25283,718(2,383)38,658 Non-controlling interest (1,481)236(1,341)1,367 Net income (loss) for the period 26,77183,954(3,724)40,025 Total comprehensive income for the period attributable to:Owners of the Company 109,57430,59841,85011,589 Non-controlling interest 4,934(1,771)2,916547 Total comprehensive income for the period 114,50828,82744,76612,136 Earnings per shareBasic 0.641.94(0.05)0.89 Diluted 0.621.89(0.05)0.87 Weighted average of outstanding shares (in thousands)Basic 44,17743,17244,29843,244 Diluted 45,42444,22044,29844,292 Globant Interim Consolidated Statements of Financial Position as of June 30, 2025 and December 31, 2024(In thousands of U.S. dollars, unaudited) June 30, 2025December 31, 2024 ASSETS Current assets Cash and cash equivalents 167,431142,093 Investments6,81213,992 Trade receivables636,387605,002 Other assets32,09920,420 Other receivables97,58653,939 Other financial assets9,8893,100 Total current assets950,204838,546Non-current assets Investments 2,3982,212 Other assets 5,9894,750 Other receivables 48,86240,784 Deferred tax assets84,53480,811 Investment in associates1,6531,648 Other financial assets 41,24141,403 Property and equipment147,939154,755 Intangible assets358,803377,365 Right-of-use assets104,947122,884 Goodwill1,650,6801,517,252 Total non-current assets2,447,0462,343,864 TOTAL ASSETS3,397,2503,182,410LIABILITIES Current liabilities Trade payables113,271114,743 Payroll and social security taxes payable217,029239,440 Borrowings20,1741,601 Other financial liabilities146,679153,803 Lease liabilities25,96829,736 Tax liabilities22,79736,916 Income tax payable8,8676,520 Other liabilities99231 Total current liabilities554,884582,990Non-current liabilities Trade payables 4,9572,006 Borrowings 409,115290,935 Other financial liabilities 102,036125,651 Lease liabilities 81,39787,887 Deferred tax liabilities29,55529,611 Income tax payable 1,2166,625 Payroll and social security taxes payable 1,7125,187 Provisions for contingencies23,09618,169 Total non-current liabilities653,084566,071 TOTAL LIABILITIES1,207,9681,149,061Capital and reserves Issued capital53,40852,837 Additional paid-in capital1,239,0701,193,029 Other reserves(63,434)(144,756) Retained earnings 891,073862,821 Total equity attributable to owners of the Company2,120,1171,963,931 Non-controlling interests69,16569,418 Total equity2,189,2822,033,349 TOTAL EQUITY AND LIABILITIES3,397,2503,182,410 Globant Cash Flow Data(In thousands of U.S. dollars, unaudited) Three Months Ended June 30, 2025June 30, 2024 Net Income for the period(3,724)40,025 Non-cash adjustments, taxes and others57,88341,788 Changes in working capital(32,281)(71,646) Cash flows from operating activities21,87810,167 Capital expenditures(24,735)(38,155) Cash flows from investing activities(68,763)(60,656) Cash flows from financing activities103,757(17,514) Net increase/decrease in cash & cash equivalents56,872(68,003) Globant Non-IFRS Financial Information(In thousands of U.S. dollars, unaudited)Six months ended Three Months EndedJune 30, 2025June 30, 2024 June 30, 2025June 30, 2024Reconciliation of adjusted gross profit Gross profit 430,871411,770 217,641209,549 Depreciation and amortization expense 22,24115,958 11,0858,525 Share-based compensation expense - Equity settled 13,20312,901 5,5135,759 Adjusted gross profit 466,315440,629 234,239223,833 Adjusted gross profit margin 38.1 %38.0 % 38.1 %38.1 %Reconciliation of selling, general and administrative expenses Selling, general and administrative expenses (321,238)(306,699) (159,543)(154,585) Depreciation and amortization expense 59,59450,507 29,93925,442 Share-based compensation expense - Equity settled 27,66026,714 14,27514,399 Acquisition-related charges (a) 12,20615,584 5,6395,986 Adjusted selling, general and administrative expenses (221,778)(213,894) (109,690)(108,758) Adjusted selling, general and administrative expenses as % of revenues (18.1) %(18.5) % (17.9) %(18.5) %Reconciliation of adjusted profit from operations Profit from operations 55,714101,705 5,85853,763 Share-based compensation expense - Equity settled 40,86339,615 19,78820,158 Acquisition-related charges (a) 38,47732,880 18,87214,736 Business optimization costs (b) 47,580— 47,580— Adjusted profit from operations 182,634174,200 92,09888,657 Adjusted profit from operations margin 14.9 %15.0 % 15.0 %15.1 %Reconciliation of net income for the period Net income for the period 28,25283,718 (2,383)38,658 Share-based compensation expense - Equity settled 40,37839,425 19,35920,077 Acquisition-related charges (a) 54,26626,380 26,30916,440 Business optimization costs (b) 46,453— 46,453— Tax effect of non-IFRS adjustments (31,811)(15,117) (20,035)(8,313) Adjusted net income 137,538134,406 69,70366,862 Adjusted net income margin 11.2 %11.6 % 11.3 %11.4 %Calculation of adjusted diluted EPS Adjusted net income 137,538134,406 69,70366,862 Diluted shares 45,42444,220 45,54544,292 Adjusted diluted EPS 3.033.04 1.531.51 (a) Acquisition-related charges include, when applicable, amortization of purchased intangible assets included in depreciation and amortization expense line on our consolidated statements of comprehensive income, interest charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions. (b) One-time charges for the three and six months ended June 30, 2025 related to the Company's Business Optimization Program initiated in April 2025. These charges, primarily related to workforce resizing and office reductions, have been excluded from non-IFRS results as these are one-time and unusual in nature. Globant of Supplemental Information (unaudited) Metrics Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Total Employees 29,112 29,998 31,280 31,102 30,084 IT Professionals 27,133 27,927 29,198 29,022 28,097 North America Revenues % 56.3 55.7 55.2 55.5 54.1 Latin America Revenues % 23.0 21.8 20.4 19.6 19.7 Europe Revenues % 16.9 17.6 17.7 18.2 19.6 New Markets Revenues % 3.8 4.9 6.7 6.7 6.6 USD Revenues % 67.1 66.6 64.8 67.2 64.1 Other Currencies Revenues % 32.9 33.4 35.2 32.8 35.9 Top Customer % 8.3 9.1 9.1 8.8 8.6 Top 5 Customers % 21.0 21.0 19.8 20.0 20.3 Top 10 Customers % 30.3 30.1 29.3 29.1 29.3 Customers Served (Last Twelve Months)* 958 969 1,012 1,004 981 Customers with >$1M in Revenues (Last Twelve Months) 329 331 346 341 339 (*) Represents customers with more than $100,000 in revenues in the last twelve months. [1] Represents Asia, Oceania and the Middle East. Investor Relations Contact:Arturo Langa, Globantinvestors@ (877) 215-5230 Media Contact:Gregorio Lascano, Globantpr@ (877) 215-5230 View original content to download multimedia: SOURCE Globant
