Cablenet reports higher revenue in first half despite wider net loss

Telecommunications provider records revenue and EBITDA growth as continued investment and financing costs weigh on interim results

Cablenet Communication Systems plc has approved its unaudited interim financial statements for the six months ended 30 June 2026, reporting continued revenue growth despite a challenging and highly competitive telecommunications market.

Revenue increased by 7.5% to €37.1 million, driven primarily by growth in business-to-business services, postpaid mobile subscriptions and mobile device financing. EBITDA also improved by 4.6% to €10.0 million, reflecting lower administration costs and operational efficiencies.

The company reported an operating profit of €338,872 for the first half of the year. However, after depreciation, amortisation and finance costs, Cablenet recorded a net loss of €2.13 million, slightly higher than the €1.95 million loss reported during the corresponding period in 2025. The board therefore did not recommend the payment of an interim dividend.

Cablenet highlighted continued investment in its network infrastructure, including further payments relating to 4G and 5G spectrum licences and expansion of its mobile network. The company also noted that, following the reporting period, it entered into an agreement to sell certain transmission sites to Hellas-SAT Consortium Ltd, a transaction expected to reduce guarantee obligations without materially affecting profitability or cash flows.

Despite reporting negative equity of €5.1 million, the board reaffirmed its confidence in the company’s ability to continue as a going concern, citing revenue growth, expected improvements in profitability, available financing facilities and ongoing shareholder support.

Source: Cablenet Communication Systems plc – Unaudited Half Yearly Results

Disclaimer: Interim reports may reflect only the issuing company and may not include the financial performance of its group companies.