GO Group reported strong financial results for the six months ended 30th June 2026, with consolidated revenue rising 8.7 per cent to €134.7 million.
Growth was broad-based across all business units. Malta Telecoms revenue increased 8.8 per cent to €80.2 million, driven by continued fixed and mobile subscriber growth and a stronger contribution from Klikk. Cablenet in Cyprus grew 7.5 per cent to €37.1 million on the back of strong growth in both fixed and mobile subscribers, while BMIT's digital infrastructure and managed IT services business increased revenue by 10.6 per cent to €17.5 million.
Reported operating profit was €19.2 million and reported profit before tax €14.8 million, both lower than the prior year. The reduction was entirely attributable to approximately €2.4 million of one-off income and cost savings recognised in the first half of 2025 that did not recur this year. On a normalised basis, underlying operating profit increased 3.2 per cent to €21.6 million, while underlying profit before tax rose 4.8 per cent to €17.2 million.
The Board has declared an interim net dividend of 7 cents per share which amounts to approximately €7.1 million, payable on 6th October 2026. This is unchanged from the 7-cent net interim dividend paid in September 2025, which itself increased from 5 cents in the first half of 2024. A final net dividend of 9 cents per share for FY2025 was paid on 2nd June 2026.
"Every part of our business delivered revenue growth in the first half, and our subsidiaries are working more closely than ever to fulfil our promise of being a trusted partner for everyday life, whether that's helping a family upgrade their internet connection, providing a new device through Klikk, or enabling businesses to combine connectivity, cloud and cybersecurity solutions under one roof," said Nikhil Patil, GO Group CEO.
"Klikk is the clearest example of what integration can achieve in a short space of time," he added.
This focus on integration is increasingly evident across the Group. In Malta, growth in fixed and mobile subscribers is complemented by Klikk's expanding range of devices and accessories, giving customers a seamless path from connectivity to the products and services that enhance it.
At the same time, BMIT's growing cloud and managed services business supports customers across both the Malta and Cyprus telecoms operations, while the Group's cybersecurity, IoT and renewable energy businesses further broaden its offering as a single, integrated partner.
The standout performer during the period was Klikk, the Group's consumer electronics retailer, which grew revenue by 68.3 per cent to €7.8 million and moved from an operating loss in the first half of 2025 to an operating profit in the first half of 2026.
Capital expenditure totalled €16.8 million, down from €22.9 million in the first half of 2025, as the Group's fibre-to-the-home (FTTH) rollout in Malta is now substantially complete. With the most capital-intensive phase of the network build behind it, investment is increasingly focused on the services and platforms that sit on top of the network, including cloud, cybersecurity and retail.
Supported by broad-based revenue growth, improving underlying profitability, a significantly stronger Klikk business and the completion of the Group's major network rollout, the Board and management team enter the second half of 2026 focused on expanding higher-value services across cloud, cybersecurity, retail and renewable energy.
Main Image: