Alaska Communications Expands High-Speed Broadband Network in Alaska with Support from NTIA BEAD Grant Mar 17, 2026 11:00 AM Eastern Daylight Time Alaska Communications Expands High-Speed Broadband Network in Alaska with Support from NTIA BEAD Grant Share Pictured: Alaska Communications technicians install next generation fixed wireless equipment on the Kenai Peninsula during a recent network expansion. Photo courtesy of Alaska Communications. ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications, a tr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the fiscal year ended December 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-12593 ATN INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 500 Cummings Center Beverly, Massachusetts (Address of principal exec ...

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing their offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing significant growth and expansion in their coverage [1]

Core Insights - ATN International, Inc. demonstrated improved financial performance in 2025, with a focus on mobility and high-speed data services, leading to growth in adjusted EBITDA and operating income [4][14][17] Financial Performance - Total revenues for Q4 2025 grew by 2% to $184.2 million compared to $180.5 million in Q4 2024, with communication service revenues increasing by 3% [14][15] - For the full year, revenues were essentially flat at $728 million, aligning with expectations [14] - Adjusted EBITDA for Q4 increased by 8% to $50.0 million, while for the full year, it rose by 3% to $190.0 million [16][17] Segment Performance - The International segment saw revenues increase nearly 3% to $97.3 million in Q4 2025, with full-year revenue up 1% to $381.9 million [19] - The Domestic segment's revenues increased by 1% to $86.9 million in Q4, but declined just under 2% for the full year to $346.1 million [19][20] Strategic Initiatives - The company is focusing on deepening relationships with large carrier customers and transitioning away from lower-margin consumer offerings [5][10] - A pending sale of the Southwest U.S. tower portfolio for up to $297 million is expected to enhance financial flexibility and support long-term growth plans [10][23] Operational Improvements - The company improved operating income to $15.7 million in Q4, up from $8.7 million in the same period last year, reflecting effective cost management [15] - Net cash provided by operating activities increased by 5% year-over-year to $133.9 million, driven by better working capital management [21] Future Outlook - For 2026, adjusted EBITDA is expected to increase modestly to a range of $190 million to $200 million, excluding the impact of the tower sale [23][24] - Capital expenditures are projected to remain disciplined, within a range of $105 million to $115 million [24][26]

Financial Data and Key Metrics Changes - Total revenues for Q4 2025 grew 2% to $184.2 million compared to $180.5 million in Q4 2024, with communication service revenues increasing 3% [16] - Operating income for Q4 2025 was $15.7 million, up from $8.7 million in the same period last year, reflecting cost management efforts [17] - Adjusted EBITDA for Q4 2025 increased 8% to $50 million from $46.2 million in Q4 2024, while full-year Adjusted EBITDA rose 3% to $190 million [18] Business Segment Data and Key Metrics Changes - International segment revenues increased nearly 3% to $97.3 million in Q4 2025, with full-year revenue up 1% to $381.9 million [19] - Domestic segment revenues increased 1% to $86.9 million in Q4 2025, but declined just under 2% to $346.1 million for the full year [20] - Adjusted EBITDA for the domestic segment increased 11% to $21.6 million in Q4 2025, while it declined approximately 2% to $78.5 million for the full year [20] Market Data and Key Metrics Changes - The number of homes passed by high-speed broadband increased by 25% over the past year, primarily due to fiber-fed fixed wireless solutions in Alaska [9] - The company received provisional BEAD awards and preliminary commitments totaling over $150 million in key markets, expanding opportunities for high-speed broadband [10] Company Strategy and Development Direction - The company is focused on mobility, high-speed data, and differentiated carrier and enterprise solutions, with a strategic shift away from legacy subsidized offerings [5][8] - The pending sale of the Southwest U.S. tower portfolio for up to $297 million is expected to enhance financial flexibility and support long-term growth plans [11][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress and ability to generate long-term value for shareholders, emphasizing a disciplined approach to capital allocation [12][14] - The outlook for 2026 includes expectations for Adjusted EBITDA to increase modestly, despite headwinds from the conclusion of high-cost funding support [25] Other Important Information - Total cash equivalents and restricted cash increased to $117.2 million at year-end 2025, while total debt rose to $565.2 million [21] - Capital expenditures for the full year were $90 million, reflecting a commitment to maintaining normalized levels of CapEx [22][23] Q&A Session Summary Question: How will the sale of the tower assets impact the business model in the US? - Management stated that the business model remains unchanged, continuing to provide carrier managed services on third-party towers [30] Question: Are legacy services nearing a point where they stop detracting from overall growth? - Management indicated that reductions in broadband subscribers are due to shutting down legacy services, with expectations for growth in high-speed data subscribers driven by BEAD outcomes [31][32] Question: What changes have been made in the go-to-market strategy to accelerate service growth? - Management highlighted investments in fiber facilities and a new leadership team in Alaska, with a focus on improving customer interaction and execution [33]

Financial Data and Key Metrics Changes - Total revenues for Q4 2025 grew 2% to $184.2 million compared to $180.5 million in Q4 2024, with communication service revenues increasing 3% [15][16] - Operating income for Q4 was $15.7 million, up from $8.7 million in the prior year quarter, reflecting cost management efforts [16] - Adjusted EBITDA for Q4 increased 8% to $50 million from $46.2 million in Q4 2024, while full-year Adjusted EBITDA rose 3% to $190 million [17] Business Segment Performance - International segment revenues increased nearly 3% to $97.3 million in Q4 2025, with full-year revenue up 1% to $381.9 million [18] - Domestic segment revenues increased 1% to $86.9 million in Q4, but declined just under 2% to $346.1 million for the full year [19] - Adjusted EBITDA for the international segment increased 1% to $32.7 million in Q4, while domestic segment Adjusted EBITDA increased 11% to $21.6 million in Q4 [19] Market Data and Key Metrics Changes - The number of homes passed by high-speed broadband increased 25% over the past year, primarily due to fiber-fed fixed wireless solutions in Alaska [9] - The company is leveraging government funding, including BEAD awards totaling over $150 million, to expand high-speed broadband in underserved communities [10] Company Strategy and Industry Competition - The company is focused on mobility, high-speed data, and differentiated carrier and enterprise solutions, transitioning away from legacy subsidized offerings [5][8] - The pending sale of the Southwest U.S. tower portfolio for up to $297 million is expected to enhance financial flexibility and support long-term growth plans [11][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress and strategic direction, emphasizing a focus on margin expansion and cash flow generation for 2026 [12][25] - The company anticipates a modest increase in Adjusted EBITDA for 2026, despite headwinds from the conclusion of high-cost funding support [24] Other Important Information - Total cash equivalents increased to $117.2 million at year-end 2025, while total debt rose to $565.2 million, resulting in a net debt ratio improvement [20] - Capital expenditures for the full year were $90 million, reflecting a disciplined approach to capital allocation [21] Q&A Session Summary Question: Impact of tower asset sale on business model - Management stated that the business model remains unchanged, continuing to provide carrier managed services on third-party towers [29] Question: Legacy services impact on broadband subscriber growth - Management acknowledged that reductions in broadband subscribers are due to shutting down legacy services, with expectations for future growth driven by BEAD outcomes [31][32] Question: Changes in go-to-market strategy for Alaska - Management highlighted investments in fiber facilities and a new leadership team in Alaska, with a focus on improving customer interaction and subscriber acquisition [33]

Financial Data and Key Metrics Changes - Total revenues for Q4 2025 grew 2% to $184.2 million compared to $180.5 million in Q4 2024, with communication service revenues increasing 3% [16] - Operating income for Q4 2025 was $15.7 million, up from $8.7 million in the same period last year, reflecting cost management efforts [17] - Adjusted EBITDA for Q4 2025 increased 8% to $50 million from $46.2 million in Q4 2024, while full-year Adjusted EBITDA rose 3% to $190 million [18] Business Segment Performance Changes - International segment revenues increased nearly 3% to $97.3 million in Q4 2025, with full-year revenue up 1% to $381.9 million [19] - Domestic segment revenues increased 1% to $86.9 million in Q4 2025, but full-year revenue declined just under 2% to $346.1 million [20] - Adjusted EBITDA for the international segment increased 1% to $32.7 million in Q4 2025, while domestic segment Adjusted EBITDA increased 11% to $21.6 million in Q4 2025 [19][20] Market Data and Key Metrics Changes - The number of homes passed by high-speed broadband increased 25% over the past year, primarily due to fiber-fed fixed wireless solutions deployed in Alaska [9] - The company received provisional BEAD awards totaling over $150 million in key markets, expanding opportunities for high-speed broadband in underserved communities [10] Company Strategy and Industry Competition - The company is focused on mobility, high-speed data, and differentiated carrier and enterprise solutions, with a strategic shift away from legacy subsidized consumer offerings [5][8] - The pending sale of the Southwest U.S. tower portfolio for up to $297 million is expected to enhance financial flexibility and support long-term growth plans [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress and ability to generate long-term value for shareholders, emphasizing a disciplined approach to capital allocation [12][28] - The 2026 outlook anticipates Adjusted EBITDA to increase modestly from 2025 levels, despite headwinds from the conclusion of high-cost funding support [24][25] Other Important Information - Total cash equivalent and restricted cash increased to $117.2 million at year-end 2025, while total debt rose to $565.2 million [21] - Capital expenditures for 2025 were $90 million, reflecting a commitment to maintaining normalized levels of CapEx [22] Q&A Session Summary Question: How might the sale of the tower assets impact the business model in the US? - Management stated that the business model remains unchanged, continuing to provide carrier managed services on third-party towers [30] Question: Are legacy services nearing a point where they stop detracting from overall growth? - Management indicated that reductions in broadband subscribers are due to shutting down legacy services, with expectations for growth in high-speed data subscribers driven by BEAD outcomes [31][33] Question: What changes have been made in the go-to-market strategy to accelerate service growth? - Management highlighted investments in fiber facilities and a new leadership team in Alaska, aiming to enhance customer interaction and improve subscriber acquisition [34]

Q4 and Year-end 2025 Earnings Call March 5, 2026 1 Q4 FY 2025 Safe Harbor and Non-GAAP Financial Measures Definition Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements relating to, among other matters, the Company's future financial performance, business goals and objectives, and results of operations, its future revenues, operating income, cash flows, network and operating costs, Adjusted EBITDA, and capital investments; the closing of the pendi ...

Revenue Performance - Fourth quarter revenues increased 2% to $184.2 million; full-year revenues were flat at $728.0 million[7] - Total revenue for the three months ended December 31, 2025, was $184.216 million, a slight increase from $180.548 million in the same period of 2024, representing a growth of 3.7%[48] - Total revenue for the year ended December 31, 2025, reached $727,975 million, a significant increase from $729,075 million in 2024[56] - Total communications services revenue for the year ended December 31, 2025, was $706,239 million, an increase from $707,758 million in 2024[56] EBITDA and Operating Income - Fourth quarter Adjusted EBITDA increased 8% to $50.0 million; full-year Adjusted EBITDA increased 3% to $190.0 million[15] - Operating income for the full year 2025 was $28.4 million, a significant improvement from a loss of $(0.8) million in 2024[13] - Operating income for the three months ended December 31, 2025, was $15.703 million, compared to $8.673 million in the same period of 2024, indicating a significant increase of 80.5%[48] - Adjusted EBITDA for the year ended December 31, 2025, was $190,044 million, up from $184,084 million in 2024, indicating a growth of approximately 3.2%[62] - EBITDA for the three months ended December 31, 2025, was $48.595 million, compared to $45.000 million in the same period of 2024, reflecting an increase of 5.8%[52] Cash Flow and Operating Activities - Full-year net cash provided by operating activities increased 5% to $133.9 million[7] - Net cash provided by operating activities increased 5% to $133.9 million for the year ended December 31, 2025, compared to $127.9 million in the prior year[27] - The company experienced a net cash provided by operating activities of $133.935 million for the year ended December 31, 2025, compared to $127.916 million in 2024, representing an increase of 4.9%[50] Capital Expenditures - Capital expenditures for the full year were $90.0 million, with expectations for 2026 in the range of $105 million to $115 million[7] - Capital expenditures were $90.0 million net of reimbursable capital expenditures for the year ended December 31, 2025, down from $110.4 million in the prior year[27] - Capital expenditures for 2026 are expected to be in the range of $105 to $115 million, net of reimbursable expenditures[33] - Capital expenditures for the year ended December 31, 2025, were $90.022 million, down from $110.375 million in 2024, reflecting a decrease of 18.5%[50] Debt and Financial Ratios - Net Debt Ratio was 2.36x on December 31, 2025[26] - The net debt ratio improved to 2.36 from 2.54 year-over-year, indicating a reduction in leverage[66] - Total debt, including current portion, was $565.168 million as of December 31, 2025, compared to $505.000 million at the end of 2024, indicating an increase of 11.9%[52] - Total debt increased to $565,167, up from $557,356, while cash and cash equivalents rose to $117,154 from $89,244[66] Losses and Impairments - Full-year net loss was $(14.9) million, or $(1.38) per share, compared to a net loss of $(26.4) million, or $(2.10) per share in the previous year[14] - Net loss attributable to ATN International, Inc. stockholders for the three months ended December 31, 2025, was $3.296 million, a decrease from a net income of $3.572 million in the same period of 2024[48] - Goodwill impairment recorded was $35,269, impacting overall financial performance[64] Stockholder Information - Quarterly dividends of $0.275 per share were paid on January 9, 2026, to stockholders of record as of December 31, 2025[28] - The company reported a net income attributable to non-controlling interests of $8,616 million for the year ended December 31, 2025, compared to $5,423 million in 2024[62] Operational Adjustments - The company is focused on converting past investments into sustained cash generation and margin expansion in 2026[30] - The pending sale of the US tower portfolio could reduce the Company's 2026 Adjusted EBITDA outlook by $6 million to $8 million[7] - The initial closing of the US tower portfolio sale is expected in the second quarter of 2026, which could reduce Adjusted EBITDA outlook by $6 million to $8 million[33] - Total operating expenses for the three months ended December 31, 2025, were $168.513 million, a decrease from $171.875 million in the same period of 2024, representing a reduction of 2.0%[48] - Total operating expenses for the year ended December 31, 2025, were $699,541 million, compared to $729,870 million in 2024, reflecting a decrease of approximately 4.1%[62]

分组1 - ATN International reported quarterly earnings of $0.03 per share, matching the Zacks Consensus Estimate, down from $0.28 per share a year ago [1] - The company posted revenues of $184.22 million for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 0.34%, and up from $180.55 million year-over-year [2] - The stock has increased approximately 28.5% since the beginning of the year, while the S&P 500 has declined by 0.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $184.3 million, and for the current fiscal year, it is $0.38 on revenues of $739.4 million [7] - The Zacks Industry Rank for Wireless National is currently in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The estimate revisions trend for ATN International was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6]