Papua New Guinea (PNG) is emerging as a significant market for Amalgamated Telecom Holdings (ATH), with the company reporting impressive growth in its first half of the 2026 financial year, primarily driven by its operations in PNG. This announcement follows the financial results disclosed this week for the period ending December 31, 2025.
ATH credited its robust performance to strong results from its subsidiaries, particularly noting an accelerated growth trajectory in PNG. The group reported a revenue increase to $564.1 million, reflecting a 21 percent rise compared to the same period last year, bolstered by the solid performance of Vodafone (Fiji) Group and its expanding footprint in PNG.
Vodafone PNG showed remarkable improvements, registering a revenue increase of 32 percent year-on-year. This success is attributed to ATH’s strategic initiatives aimed at enhancing market penetration and boosting brand recognition in PNG.
Key financial highlights from ATH’s report include:
– Net Profit Before Tax: $41.287 million, which marks an 85 percent increase from the previous year.
– Net Profit After Tax: $28.627 million.
– Group EBITDA: $171 million.
– EBIT: $72 million.
– Total Group Assets: $1.96 billion.
– Net Assets: $638 million.
ATH emphasized that its strong financial foundation supports continued investments in growth and innovation across the region. The company anticipates further opportunities in the telecommunications sector as it adapts to new competitors, regulatory shifts, and the commercialization of 5G and fiber technologies. ATH remains committed to bolstering its market position, particularly in PNG.
In a previous statement at the Annual General Meeting held in October last year, ATH CEO Ivan Fong highlighted the strategic importance of PNG, noting that the customer base there has grown to exceed the population of Fiji. Fong mentioned ongoing efforts in customer acquisition and the construction of 770 towers, resulting in a customer base that has surpassed one million. This growth indicates a promising future as ATH continues its expansion efforts.
ATH is publicly traded on the South Pacific Stock Exchange and is largely owned by the Fiji National Provident Fund. The company’s successful trajectory in PNG reflects potential for sustained growth and innovation in the telecommunications sector, providing a hopeful outlook for the region.