GO Group Delivers Strong H1 2026 Revenue Growth Across Every Market, Klikk Integration Starts To Pay Off

Group revenue up 8.7% to €134.7 million; normalised profit before tax grows 4.8%; Klikk swings to profit on 68.3% revenue growth; 7c net interim dividend declared, unchanged year-on-year

GO today reported strong financial results for the six months ended 30 June 2026, with consolidated revenue rising 8.7% to €134.7 million (H1 2025: €123.9 million).

Growth was broad-based across every business unit: Malta Telecoms grew 8.8% to €80.2 million on continued fixed and mobile subscriber gains and a growing Klikk contribution; Cablenet in Cyprus grew 7.5% to €37.1 million, driven by strong growth in fixed and mobile subscribers; and BMIT’s digital infrastructure and managed IT services grew 10.6% to €17.5 million.

Reported operating profit was €19.2 million and reported profit before tax €14.8 million, both lower year-on-year. This reduction is entirely attributable to approximately €2.4 million of one-off income and cost savings that benefited H1 2025 and did not recur this year. On a normalised, like-for-like basis, underlying operating profit rose 3.2% to €21.6 million and underlying profit before tax grew 4.8% to €17.2 million.

The Board has declared an interim net dividend of 7 cents per share (approximately €7.1 million), payable on 6 October 2026. This is unchanged from the 7-cent net interim dividend paid in September 2025, which itself was up from 5 cents in H1 2024. A final net dividend of 9 cents for FY2025 was paid on 2 June 2026.

“Every part of our business grew revenue this half, and our subsidiaries are increasingly working together to deliver on our promise to be a trusted partner for everyday life, whether that’s a family upgrading their internet connection, picking up a new device through Klikk or a business combining our connectivity, cloud and cybersecurity capabilities under one roof,” said Nikhil Patil, GO Group’s CEO.

“Klikk is the clearest example of what integration can do in a short space of time,” he added.

Management highlighted the increasing extent to which the Group’s businesses are now reinforcing one another in service of that same promise — a trusted partner for everyday life.

GO’s fixed and mobile subscriber growth in Malta is increasingly complemented by Klikk’s device and accessory offering, giving customers a single, joined-up path from connectivity to the devices and services that run on it.

BMIT’s expanding cloud and managed services business increasingly serves customers across both the Malta and Cyprus telecoms bases, while cybersecurity, IoT and renewable energy operations add further depth to what the Group can offer as a single, integrated partner.

The standout performer of the half was Klikk, the Group’s consumer electronics retailer, which grew revenue 68.3% to €7.8 million and moved from an operating loss in H1 2025 to an operating profit in H1 2026.

The improvement reflects a sharper retail proposition, closer integration with the Group’s telecoms customer base, and a more compelling in-store and online experience for customers combining connectivity with devices and accessories, giving customers a single route from connectivity to devices.

Capital expenditure was €16.8 million, down from €22.9 million in H1 2025, as the Group’s fibre-to-the-home (FTTH) rollout in Malta is now substantially complete. With the heaviest phase of network build behind it, investment is shifting from network build toward the services and platforms that run on top of it, including cloud, cybersecurity and retail.

With broad-based revenue growth, improving underlying profitability, a strengthening Klikk business and the network build now largely complete, the Board and management team enter the second half of 2026 focused on the services layer built on top of that infrastructure, from cloud and cybersecurity to retail and renewable energy, continuing to build GO’s role as its customers’ trusted partner for everyday life.