Amalgamated Telecom Holdings (ATH) has posted a sharp profit rebound. The Pacific telecom group lifted net profit after tax by 171.2%. Profit reached FJ$59.5 million for the year ended June 30, 2026.
Revenue also climbed past FJ$1.1 billion. At the same time, the group cut its net debt. In other words, ATH profit 2026 results show both growth and stronger finances. The Fiji Times reported the results on October 2.
Key Takeaways
- ATH lifted net profit 171.2% to FJ$59.5 million in FY2026.
- Revenue rose 11.3% to FJ$1.149 billion.
- EBITDA climbed 19.5% to FJ$350.7 million.
- Net debt fell 5.0% to FJ$535.7 million.
- Papua New Guinea delivered the fastest revenue growth.
Recent ATH’s Results
The figures show gains across almost every key measure. All amounts are in Fiji dollars. The main results are below.
- Net profit after tax: FJ$59.5 million, up 171.2%
- Revenue: FJ$1.149 billion, up 11.3%
- EBITDA: FJ$350.7 million, up 19.5%
- Operating cash flow: FJ$316.7 million, up 37.2%
- Net debt: FJ$535.7 million, down 5.0%
- Gearing ratio: 47%
What Drove the Profit Surge?
The large percentage jump partly reflects a weaker prior year. Still, the underlying business grew strongly. Revenue, EBITDA, and cash flow all rose by double digits.
Fiji and Papua New Guinea Lead
Fiji remained ATH’s largest earnings contributor. The group operates Vodafone Fiji among other local businesses. Papua New Guinea delivered the strongest revenue growth in the portfolio.
ATH’s PNG business, Vodafone PNG, has become a key growth engine. Earlier in 2026, ATH said PNG “largely propelled” its nine-month earnings. Consequently, regional expansion is paying off.
Data, Digital, and Fintech
Growth came from several business lines. Mobile, broadband, and data services led the gains. ICT, wholesale connectivity, and financial technology also contributed.
In other words, ATH is no longer just a voice carrier. Digital services and fintech now add meaningful revenue. That mix supports more stable long-term growth.
Investment and Debt Discipline
ATH invested FJ$290.3 million during the year. The money went into networks, digital capabilities, and growth projects across the Pacific. That spending supports faster data services for customers.
Despite heavy investment, net debt fell 5.0%. Strong cash generation made that possible. Additionally, the board credited “disciplined execution” for the result.
The trend was visible before year-end. In the nine months to March 31, 2026, profit reached 16.4 million a year earlier. Net debt to EBITDA also improved to 2.37 times from 2.65 times.
ATH also rewarded shareholders during the year. In June 2026, it declared a FJ$10 million interim dividend. That payout reflected improved earnings and cash flow.
Expanding Market for B2B Buyers
Increased transport connectivity is a boon to businesses via the Pacific. E-commerce, logistics and digital payments are aided by faster data networks. Fiji and PNG businesses get new tools to connect with customers.
Digital access also opens up other sourcing options for Pacific companies. E-commerce B2B platforms help Pacific firms find equipment and connect with global suppliers. This kind of platforms helps to create a shorter distance between island markets and world trade. With the improvement of connectivity, that access is becoming important.
This story fits a wider digital growth trend. B2BInside covered the first Google Pakistan office and its tech ambitions. Digital markets are opening new revenue models too. Our report on ChatGPT ads launching in India shows that shift.
Can ATH Keep Growing?
ATH enters FY2027 with stronger finances. Lower debt and higher cash flow give it room to invest. However, Pacific markets face currency and economic risks.
Ultimately, data demand and digital services should keep driving growth. PNG remains the key expansion story. For now, ATH profit 2026 results mark a clear turnaround.
Frequently Asked Questions (FAQs)
ATH made FJ$59.5 million net profit after tax. That was up 171.2% year on year. The financial year ended June 30, 2026.
Fiji is its largest market by earnings. Papua New Guinea is its fastest-growing market. ATH also has wider regional businesses.
Strong growth in data, digital, and fintech lifted earnings. PNG delivered the fastest revenue growth. A weaker prior year also boosted the percentage gain.
Yes, net debt fell 5.0% to FJ$535.7 million. Its gearing ratio stood at 47%. Strong cash flow supported the reduction.
Yes, ATH declared a FJ$10 million interim dividend in June 2026. The board cited improved earnings and cash flow. The company announced it via the South Pacific Stock Exchange.
ATH invested FJ$290.3 million during the year. The spending covered networks and digital services. It also funded growth projects across the Pacific.
