Amalgamated Telecom Holdings (ATH) is making significant strides in the telecommunications market in Papua New Guinea (PNG), showcasing impressive growth in its first half of the 2026 financial year. The company revealed its financial results this week for the period ending December 31, 2025, highlighting its robust performance largely driven by operations in PNG.
ATH reported a revenue of $564.1 million, a notable 21 percent increase from the same timeframe last year. This surge is largely attributed to the strong results from its subsidiaries, particularly Vodafone PNG, which witnessed a remarkable 32 percent rise in revenue year-on-year. The successful performance can be linked to ATH’s strategic initiatives focusing on increasing market penetration and enhancing brand recognition in PNG.
Key financial highlights from ATH’s report include:
– Net Profit Before Tax: $41.287 million, reflecting 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.
The company emphasized its strong financial footing, allowing for ongoing investments in growth and innovation in the region. ATH is optimistic about further opportunities in the telecommunications sector as it navigates new competitors, regulatory changes, and the rollout of 5G and fiber technologies. The firm’s commitment to strengthening its market position, particularly in PNG, signals a bright future.
During an earlier Annual General Meeting in October of last year, CEO Ivan Fong underscored the strategic significance of PNG, noting that the customer base had surpassed the population of Fiji. Ongoing efforts to acquire customers have led to the construction of 770 towers, contributing to a customer base exceeding one million. As ATH continues its expansion, the prospects for sustained growth in the telecommunications sector remain promising.
ATH, which is publicly traded on the South Pacific Stock Exchange and largely owned by the Fiji National Provident Fund, is set on a path of exciting potential in PNG, ensuring a hopeful outlook for the region’s telecommunications landscape.