Telecommunications giant Amalgamated Telecom Holdings Limited (ATH) has declared a massive $10 million interim dividend for its shareholders, following a strong 217 per cent growth in net profit for the nine months ended March 31 this year.
According to the group’s official market announcement issued by the South Pacific Stock Exchange (SPX), its net profit after tax skyrocketed to $52.0 million, up from the $16.4m recorded in the prior corresponding period.
For the March 2026 year-to-date period, the ATH Group’s revenue jumped by $87.9 million to reach $877.7 million, driven by strong commercial momentum in major regional telecommunications markets.
The group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose firmly to $245.0m from $212.6m.
According to the group, the board’s decision to declare the dividend reflected their improved earnings performance, continued cash generation, and prudent capital management.
“Key balance sheet and financial indicators remained within acceptable levels, with net debt to EBITDA improving to 2.37 times from 2.65 times and return on equity increasing to 10.53 per cent from 3.62 per cent for the prior corresponding period largely driven by the improvements in the PNG market,” the group stated in its market announcement – signed by director Peter Chan and company secretary Siteri Saro.
ATH also credited its geographically diversified portfolio for providing operational resilience, noting that the earnings explosion was largely propelled by major operational improvements and market gains in Papua New Guinea.
“Vodafone Fiji and Vodafone PNG delivered encouraging commercial momentum, while several regional and ICT businesses continued to progress revenue recovery, cost discipline, restructuring initiatives, and stronger internal controls,” it stated.
“The group remains mindful of ongoing global and domestic operating challenges, including inflationary pressures, fuel and energy costs, foreign exchange volatility, and regulatory developments.”
It said the board considered the interim dividend to be well supported by the group’s current financial position and year-to-date earnings performance.
The group said it would continue to focus on strengthening its investment portfolio, optimising shareholder returns, maintaining disciplined cost and capital management, and positioning the group for sustainable long-term growth.”
