Amalgamated Telecom Holdings Limited recorded a 206 per cent increase in net profit before tax to $84.23 million in the 2026 financial year, according to its annual report released yesterday.
ATH chief executive officer Ivan Fong described FY26 as a “defining year” for the telecommunications group, which also recorded double-digit revenue growth.
“Group revenue increased by 11.3% to $1.15 billion, compared with $1.03 billion in the prior year, supported by continued growth across regional operations, stronger demand for digital connectivity, and disciplined execution in key markets,” Mr Fong said.
Net profit before tax increased from $27.53 million in the previous financial year to $84.23 million.
Mr Fong attributed the improvement to stronger operating performance, better contributions from regional businesses and the continued expansion of ATH’s investment in Papua New Guinea.
The group ended FY26 with net assets of $616 million, up 1.7 per cent from $606 million in FY25.
“ATH’s balance sheet remains strong and well positioned to support future investment, network expansion, innovation, and long-term shareholder value creation,” Mr Fong said.
ATH chairman Attar Singh said the group would continue expanding Vodafone PNG’s network footprint, describing the operation as a major driver of regional growth.
The company also plans to pursue digital finance opportunities, including expanding mobile money services beyond Fiji, while investing in network resilience, coverage and 5G readiness.
“The Pacific region continues to offer significant opportunity,” Mr Singh said.
“Rising data consumption, financial inclusion needs, enterprise digitisation, demand for resilient connectivity and the growth of digital services are all shaping ATH’s investment agenda.”
Mr Singh said ATH’s responsibility was to pursue these opportunities with discipline while delivering “reliable, inclusive and affordable connectivity” across the communities it serves.
