SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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 18, 2024

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, Pampanga Postal Code 2009

8. Issuer's telephone number, including area code

(02) 8667-0888

9. Former name or former address, if changed since last report

N/A

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. Other events

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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
CONVERGE MAINTAINS SUBSCRIBER GROWTH ON THE BACK OF CONTINUED UPTICK IN DEMAND FOR NEWLY LAUNCHED RESIDENTIAL PLANS 4Q2023 CONSOLIDATED RESIDENTIAL NET ADDS OF 79,766, SUPPORTED BY ALL-TIME HIGH QUARTERLY NET ADDS FROM BIDA AND S2S OF 25,706 AND 32,655, RESPECTIVELY SUSTAINED INDUSTRY-LEADING FINANCIAL TRIFECTA; CONSOLIDATED REVENUE GROWTH FOR FY2023 AT 5% YOY; EBITDA MARGIN ENDED AT 60.9% AND ROIC AT 16.3%
Background/Description of the Disclosure
FY2023 Key Highlights ● Converge registered consolidated revenues of P35.4Bn for FY2023, higher by 5% from FY2022, ● FY2023 Residential revenues grew to P30.3Bn with full-year net additional subscribers reaching 250,691 – 35% higher than net-adds in the same period last year ● Enterprise revenues reached P5.1Bn in FY2023, a growth of 20% YoY ● EBITDA grew 11.2% to P21.5Bn with margin ending at 60.9% for FY2023 ● FY2023 net income after tax increased by 22.3% from FY2022 to reach P9.1 Bn representing net income margin of 25.7% ● Consolidated residential net additions for the quarter reached a total of 79,766 – with BIDA and S2S adds reaching all-time quarterly highs at 25,706 and 32,655, respectively ● Similarly, consolidated residential gross additions for the quarter reached 216,218 – 66.4% higher YoY versus the same period last year ● Demand for FiberX increased to 146,920 gross adds for 4Q2023 – 21.3% higher than the same period last year ● Maintained industry-leading ROIC at 16.3% for FY2023
Other Relevant Information
Please see attached full Press Release.