Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 Number 001-12593 ATN INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ...

ATN International (ATNI) Q2 2025 Earnings Call August 08, 2025 10:00 AM ET Speaker0At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To participate, you will need to press 11 on your telephone. Please note, this conference is being recorded. Now it's my pleasure to turn the call over to the VP Corporate Treasurer, Michelle Satrosky.Please proceed.Speaker1Thank you, operator, and good morning, everyone. I'm joined today by ...

Second Quarter 2025 Earnings Call August 8, 2025 1 Safe Harbor and Non-GAAP Financial Measures Definition Q1 FY 2025 Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements relating to, among other matters, the Company's future financial performance, business goals and objectives, and results of operations, expectations regarding the transition of its US Telecom business, its future revenues, operating income, cash flows, network and operating costs, A ...

ATN Reports Second Quarter 2025 Results; Reaf irms 2025 Outlook Earnings Conference Call Friday, August 8, 2025, at 9:00 a.m. ET; web participant link: https://edge.media-server.com/mmc/p/734nzkmk 1 See Table 5 for reconciliation of Operating Income to Adjusted EBITDA, a non-GAAP measure. 2 For the Company's Adjusted EBITDA Guidance, the Company is not able to provide without unreasonable effort the most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures, on a fo ...

Second Quarter 2025 vs. Second Quarter 2024 Financial Highlights Expanded high-speed broadband homes passed by 8%Grew total high-speed subscribers by 1%Second-quarter revenues declined 1% to $181.3 millionSecond quarter operating income decreased to $0.2 millionSecond quarter net loss was $(7.0) million, or $(0.56) per shareSecond quarter Adjusted EBITDA1 decreased 6% to $45.8 millionNet cash provided by operating activities for the year-to-date period increased 2% to $59.8 millionCapital expenditures for t ...

Core Points - ATN International, Inc. announced a change in the start time for its second quarter 2025 financial results conference call, now scheduled for 9:00 a.m. ET on August 8, 2025, which is one hour earlier than previously planned [1] - The company provides a live audio webcast of the conference call, with a replay available starting at approximately 1:00 p.m. ET on the same day [2] - ATN International operates in the digital infrastructure and communications services sector, focusing on rural and remote markets, offering advanced wireless and wireline connectivity, as well as carrier and enterprise communications services [4]

Company Overview - ATN International, Inc. is a leading provider of digital infrastructure and communications services, headquartered in Beverly, Massachusetts [4] - The company operates in the United States and internationally, focusing on rural and remote markets with increasing demand for infrastructure investments [4] - ATN's services include advanced wireless and wireline connectivity, high-speed Internet, data services, fixed and mobile wireless solutions, video and voice services, as well as carrier and enterprise communications services [4] Upcoming Financial Results - ATN will release its second quarter 2025 results on August 7, 2025, after market close [1] - A conference call to discuss the results will be held on August 8, 2025, at 10:00 a.m. ET [1] - The call will be accessible via a live audio webcast, with a replay available shortly after the call [2] Participation Details - Participants must register through a provided link to receive dial-in numbers and a unique PIN for the live call [3] - If participants forget their PIN or lose the registration confirmation, they can re-register to obtain a new PIN [3] Additional Information - An investor presentation will be available as a supplement to the conference call on the company's Investor Relations website [2] - For further information, the company can be contacted through its corporate treasurer or investor relations [6]

Core Points - ATN International, Inc. announced a quarterly dividend increase of 15% to $0.275 per share, payable on July 7, 2025 [1] - The decision to increase the dividend reflects the company's confidence in its financial strength and future cash flow generation [2] - The company is focused on monetizing investments made during a recent three-year strategic capital spending cycle, supported by cost management and efficiency initiatives [2] Company Overview - ATN International, Inc. is headquartered in Beverly, Massachusetts, and provides digital infrastructure and communications services in the U.S. and internationally, particularly in rural and remote markets [3] - The company's services include advanced wireless and wireline connectivity, high-speed Internet, data services, and carrier and enterprise communications services [3]

Financial Performance - Total revenue for the three months ended March 31, 2025, was $179.294 million, a decrease of 4.0% from $186.794 million in the same period of 2024[14]. - Communication services revenue decreased to $174.031 million from $181.268 million, reflecting a decline of 4.0% year-over-year[14]. - Net loss attributable to ATN International, Inc. stockholders for Q1 2025 was $8.928 million, compared to a net loss of $6.315 million in Q1 2024, representing an increase in loss of 41.5%[14]. - Basic and diluted net loss per share for Q1 2025 was $(0.69), compared to $(0.50) in Q1 2024, indicating a worsening in per-share performance[14]. - The company reported comprehensive loss attributable to ATN International, Inc. of $8.497 million for Q1 2025, compared to $4.883 million in Q1 2024, indicating a significant increase in comprehensive loss[17]. - For the three months ended March 31, 2025, the company reported a net loss of $11,387,000, compared to a net loss of $7,948,000 for the same period in 2024, indicating a year-over-year increase in losses of approximately 43%[22]. - The company reported a total comprehensive loss of $10,956,000 for the three months ended March 31, 2025, compared to a total comprehensive loss of $6,516,000 for the same period in 2024, indicating a 68.0% increase in losses[22]. - The effective tax rate for the three months ended March 31, 2025 was 1.7%, a significant improvement from the effective tax rate of (25.6%) for the same period in 2024[137][138]. Assets and Liabilities - Total current assets decreased slightly to $305.707 million as of March 31, 2025, from $309.161 million at December 31, 2024[12]. - Total liabilities decreased to $1,049.174 million as of March 31, 2025, from $1,055.349 million at December 31, 2024[12]. - Cash and cash equivalents increased to $83.452 million as of March 31, 2025, compared to $73.393 million at December 31, 2024, showing a growth of 13.9%[12]. - Total assets as of March 31, 2025, were $1,707,449 million, compared to $1,727,103 million at the end of 2024, showing a decrease of approximately 1.1%[157]. - Total debt, including current portion, was $562,384 million as of March 31, 2025, slightly up from $557,356 million at the end of 2024[157]. Cash Flow and Expenditures - The company generated net cash provided by operating activities of $35,905,000 for the three months ended March 31, 2025, compared to $23,176,000 for the same period in 2024, reflecting a year-over-year increase of approximately 55%[22]. - Capital expenditures for the three months ended March 31, 2025, were $20,832,000, a decrease from $36,016,000 in the same period of 2024, indicating a reduction of approximately 42%[22]. - The company declared dividends of $3,652,000 on common stock for the three months ended March 31, 2025, compared to $3,720,000 in the same period of 2024, showing a slight decrease of about 2%[22]. Strategic Focus and Investments - The company continues to focus on strategic investment plans and expansion of its customer base, despite facing challenges in operating margins and subscriber growth[8]. - The company is actively evaluating investment opportunities and strategic transactions to enhance its telecommunications business and generate excess operating cash flows[24]. - The company is focused on expanding its digital infrastructure and communications services in rural and remote markets in the U.S. and internationally, including Bermuda and the Caribbean[23]. Revenue Recognition and Performance Obligations - Revenue recognized under ASC 606 for services transferred over time was $158.221 million for Q1 2025, up from $166.603 million in Q1 2024, indicating a decline of about 5.0%[40]. - Remaining performance obligations totaled $595 million as of March 31, 2025, with approximately 43% expected to be satisfied within the next 24 months[47]. - The company recognized $18.3 million in revenue related to contract liabilities during the three months ended March 31, 2025[45]. - Government support revenue for the three months ended March 31, 2025, was $12.672 million, compared to $11.780 million for the same period in 2024, showing an increase of approximately 7.5%[40]. Operational Segments - Operating income for the International Telecom segment was $14.750 million for the three months ended March 31, 2025, while the US Telecom segment reported an operating loss of $2.415 million[154]. - The company’s operating segments include US Telecom and International Telecom, focusing on providing digital infrastructure and communication services in rural and remote markets[23][26].

Financial Data and Key Metrics Changes - Total company revenue for Q1 2025 was $179.3 million, down 4% year over year, primarily due to the wind down of COVID-era government subsidy programs [17][18] - Adjusted EBITDA increased by 2% to $44.3 million, supported by growth in the international segment, despite a decline in the U.S. segment [19] - Cash from operations increased by 55% to $35.9 million, reflecting improved working capital management [21] Business Line Data and Key Metrics Changes - International segment revenues increased to $94.5 million from $93.1 million year over year, with adjusted EBITDA rising to $32.4 million, up from $29.3 million [20] - Domestic segment revenues decreased by 9.5% to $84.8 million, with adjusted EBITDA down 15.4% to $17.5 million due to the conclusion of government subsidy programs [20] Market Data and Key Metrics Changes - The number of broadband homes passed by high-speed data services increased by 11% year on year to 427,000 households, with a 2% growth in high-speed subscriber base [8] - Demand for high-speed broadband and business services remained steady, contributing to improvements in average revenue per user (ARPU) [10] Company Strategy and Development Direction - The company aims to grow its fiber and fiber-fed business while transitioning from legacy consumer services, focusing on operational performance and disciplined investment [11][13] - Approximately $370 million in government-funded broadband infrastructure projects are underway, with over half expected to be completed in 2025, supporting long-term growth strategy [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but expressed confidence in the company's strategy and financial foundation, reaffirming the 2025 outlook [6][13] - The company is monitoring trade and tariff developments, believing it can manage any near-term impacts within its existing financial outlook [14] Other Important Information - The company plans to shift the timing of its earnings release and calls by approximately one week to better align with its 10-Q filing [4][5] - Capital expenditures in Q1 totaled $20.8 million, a reduction from $36 million in the prior year's quarter, reflecting a shift towards increasing operational cash flow [22] Q&A Session Summary Question: How insulated is the company from trade and tariff impacts? - Management indicated that a significant portion of construction materials is sourced in the U.S., while electronics are monitored closely due to potential tariff impacts [33][34] Question: What is the company's exposure to foreign exchange rates? - The company has not seen significant fluctuations in its international markets, particularly in Guyana, which has a buffer due to oil exports [36] Question: How does the company view the marketplace regarding private versus public multiples? - Management is observing the vibrant market dynamics and is focused on unlocking value for investors [37][38] Question: How will government funding impact financials? - Approximately half of the $370 million in government funding projects are expected to be completed in 2025, with significant monetization anticipated in 2026 and 2027 [40][41] Question: What is the outlook for growth in 2026 and 2027? - Management expressed optimism about growth prospects based on carrier demand and ongoing transitions to fiber services [62] Question: How is the company managing interest costs and free cash flow? - The company is focused on improving margins and reducing capital expenditures to enhance free cash flow and provide better capital allocation options [64][65]