ATH’s PNG push drives half-year growth as Vodafone Fiji powers momentum

Amalgamated Telecom Holdings (ATH) is experiencing significant growth, primarily driven by its operations in Papua New Guinea (PNG). In its financial report for the half-year period ending December 31, 2025, the company announced a remarkable increase in group revenue, which rose to $564.1 million—a 21% increase from the same time last year. This growth is largely attributed to the strong performance of its subsidiaries, notably Vodafone (Fiji) Group and its expanding presence in the PNG market.

Vodafone PNG has been a standout performer, reporting a revenue surge of 32% year-over-year. ATH credits this success to its effective growth strategy, improved market penetration, and strengthening brand recognition. The financial highlights for the half-year period include a net profit before tax of $41.287 million—an impressive 85% increase compared to the previous year—and a net profit after tax of $28.627 million. The company’s group EBITDA reached $171 million, and total group assets were valued at $1.96 billion, with net assets totaling $638 million.

ATH emphasized that its strong financial position enables continued investment in growth and innovation throughout the region. The company recognizes the evolving telecommunications landscape marked by new competitors, regulatory changes, and the advancement of technologies such as 5G and fiber optics, presenting clear opportunities for further expansion, especially in PNG.

At its Annual General Meeting in October, CEO Ivan Fong highlighted the importance of PNG as a major initiative for ATH. He noted that the customer base in PNG now exceeds that of Fiji, and the company is currently undergoing a customer acquisition phase with 770 towers already constructed and over a million customers served. This progress indicates a promising outlook for ATH as it continues to deepen its influence in the PNG market.

Overall, ATH’s commitment to growth and innovation in PNG positions the company favorably in the competitive telecommunications sector, paving the way for future successes.