‘The best of GO is still ahead of us’: CEO Nikhil Patil as GO crosses €254 million revenue milestone

GO plc has crossed the quarter-billion euro revenue mark for the first time in its history, with Group CEO Nikhil Patil declaring that “the best of GO is still ahead of us” as the company charts an increasingly diversified future beyond traditional telecoms.

Speaking during the company’s Annual General Meeting held on Tuesday (yesterday), GO described 2025 as “a milestone year on every front”, with the group reporting record revenues of €254 million and a 32 per cent increase in net profit to €20.7 million.

“For the first time in our history, GO crossed €254 million in group revenue, the first time in the company’s history it has exceeded the quarter-billion euro mark, with net profit rising a remarkable 32% year-on-year to €20.7 million, itself a record,” Mr Patil said.

He added that around 30 per cent of the company’s revenue is now generated from outside traditional telecoms services, which he described as a reflection of the group’s long-term strategy.

“We are, at our core, in the business of winning trust. That trust is our most valuable asset, and it is the foundation of our future growth,” he said.

The results were announced during a year in which GO celebrated its 50th anniversary and completed its nationwide True Fibre rollout, a €100 million infrastructure investment programme that the company says places Malta among Europe’s leaders in fibre-to-the-home connectivity.

GO also reported EBITDA of €92 million and operating cash flow of €73.9 million, while the Board is recommending a total net dividend of 16 euro cents per share for 2025 – the company’s highest ordinary dividend in five years. Over the past seven years, GO says it has returned more than €162 million to shareholders.

‘Long-term investment and shareholder returns are not in tension’

Chairman Lassaad Ben Dhiab said the group’s performance reflected its ability to evolve during a period of rapid technological transformation.

“In a year of rapid technological change and rising customer expectations, GO did not simply keep up the pace, it led,” he said.

“The GO Group exists to make people’s lives better, not just to sell services. Long-term investment and shareholder returns are not in tension at GO. They go hand in hand.”

The company highlighted the growth of several subsidiaries and investments that now form part of its broader digital and energy ecosystem, including BMIT Technologies, AQS Energy, SENS Innovation, Connected Care, Cybersift, Klikk, GO Ventures and Cablenet in Cyprus.

According to the company, AQS has installed more than 50,000 photovoltaic panels over the past five years, while Connected Care now supports over 10,000 individuals living independently at home. Meanwhile, Klikk registered 46 per cent year-on-year revenue growth, and GO Ventures’ backing of Airalo has since delivered “multiple returns” after the company achieved unicorn status.

Chief Financial Officer Reuben Attard said the group’s diversification strategy was deliberate and continuing to accelerate.

“Non-telecom revenue now stands at €68.2 million and continues to grow. This is not accidental,” he said.

“It is the deliberate result of a strategy to build a broader digital and energy ecosystem around our core business, one that deepens customer relationships, creates new revenue streams, and strengthens our resilience.”

Mr Attard also revealed that 2026 has started strongly, with revenue already growing by approximately 11 per cent year-on-year.

Concluding his address, Mr Patil struck an optimistic tone about the group’s future direction.

“We have built the best digital infrastructure on the island, we are one of the most trusted brands in Malta and we have a talented and highly engaged team,” he said.