Liberty Latin America(LILA)
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Liberty Latin America(LILA) - 2025 Q4 - Annual Results
2026-02-18 22:07
Exhibit 99.1 Liberty Latin America Reports Q4 and FY 2025 Results Denver, Colorado - February 18, 2026: Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for the three months ("Q4") and full year ("FY") ended December 31, 2025. CEO Balan Nair commented, "The fourth quarter capped a strong year of commercial momentum across the Liberty Latin America group." "The residential mobile business maintained its ...
Liberty Latin America(LILA) - 2025 Q4 - Annual Report
2026-02-18 22:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 number 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 (State or Other Jurisdiction of Incor ...
3 Wireless Stocks Set to Prosper Despite Industry Shortcomings
ZACKS· 2026-02-12 15:46
The Zacks Wireless National industry appears to be plagued by high capital expenditures for infrastructure upgrades, tariff uncertainty, supply-chain disruptions due to the prolonged Russia-Ukraine war, Middle East tensions and high customer inventory levels. However, the industry is likely to benefit in the long run from a fast-track 5G deployment and extensive fiber densification. Amid this backdrop, Verizon Communications Inc. (VZ) , AT&T Inc. (T) and Liberty Latin America Ltd. (LILA) are likely to gain ...
Liberty Latin America: Undervaluation Persists With Recent Costa Rica Setback
Seeking Alpha· 2026-01-08 14:00
Group 1 - The article provides an overview of the investment thesis related to Liberty, particularly in the TMT (Technology, Media, and Telecommunications) sector, highlighting the author's extensive experience in the industry [1] - The author emphasizes the importance of staying connected with relevant companies and themes in the TMT sector, drawing from over 20 years of experience [1] Group 2 - The article does not contain any specific financial data or performance metrics related to Liberty or the TMT sector [2][3]
Liberty Latin America and Millicom Provide Update on Proposed Costa Rica Transaction
Businesswire· 2025-11-13 14:15
Core Points - Liberty Latin America and Millicom's proposed transaction to combine operations in Costa Rica has been rejected by the country's telecommunications regulator, SUTEL [1][3] - Both companies believe the transaction would have enhanced technology investment, market competitiveness, and the expansion of next-generation networks in Costa Rica [2][3] - The decision was unexpected as both companies had maintained ongoing dialogue with SUTEL and believed they had addressed potential concerns [3] Company Overview - Liberty Latin America Ltd. operates in the telecommunications sector, focusing on mobile and wireless services [1][6] - Millicom International Cellular S.A. is also a key player in the telecommunications industry, with a focus on mobile services [1][6]
Liberty Latin America(LILA) - 2025 Q3 - Earnings Call Transcript
2025-11-06 15:00
Financial Data and Key Metrics Changes - The company reported revenue of $1.1 billion in Q3 2025, marking a return to year-over-year growth driven by improved B2B trends [4][18] - Adjusted EBITDA reached $433 million, reflecting a year-over-year growth of 7% [5][18] - Adjusted EBITDA less P&E additions improved by 22% year-over-year, totaling $284 million [18][29] Business Line Data and Key Metrics Changes - The Cable & Wireless credit silo, which includes Liberty Caribbean, C&W Panama, and Liberty Networks, generated $662 million in revenue, reflecting a year-over-year rebase increase of 4% [24] - Liberty Caribbean reported $369 million in revenue with 3% growth year-over-year, while adjusted EBITDA was $173 million, representing 10% rebase growth [20][21] - C&W Panama delivered $199 million in revenue and $72 million in adjusted EBITDA, with year-over-year rebase growth of 6% and 4% respectively [22] - Liberty Networks generated $117 million in revenue and $65 million in adjusted EBITDA, with year-over-year rebase increases of 6% and 10% respectively [23] Market Data and Key Metrics Changes - Postpaid mobile additions exceeded 100,000 across the group, with Costa Rica being a significant contributor [4] - In Puerto Rico, mobile performance showed stability with lower postpaid losses compared to Q2 [16] - The broadband subscriber base in Liberty Caribbean remained flat, with gains in Jamaica offset by declines in Trinidad [6][7] Company Strategy and Development Direction - The company is focused on organic growth and cash flow generation, aiming to close the embedded discount in its stock price [6][29] - There is a strong emphasis on cost reduction and efficiency programs to support adjusted EBITDA and cash flow into 2026 [29] - The company is also pursuing strategic initiatives and optimizing capital allocation to enhance shareholder value [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by Hurricane Melissa but expressed confidence in the resilience of employees and the recovery efforts [3][28] - The company anticipates adverse impacts on RGUs, revenue, and adjusted EBITDA in Q4 due to the hurricane [22] - Management remains optimistic about the commercial plans for both B2B and residential segments, particularly during the holiday season [29] Other Important Information - The company has a total debt of $8.4 billion and cash of $600 million as of September 30 [26] - A parametric insurance program is in place to mitigate losses from natural disasters, with an expected payout of $81 million from Hurricane Melissa [27][28] Q&A Session Summary Question: Timing and progress of cost-cutting initiatives - Management indicated that cost-cutting initiatives started 20 months ago and are expected to continue into 2026, with a focus on various operational costs [31][32] Question: Margin drivers for Liberty Networks - Management highlighted that margin expansion in Liberty Networks is driven by improved debt management and a shift towards monthly recurring revenue [32][34] Question: Additional margin expansion in Puerto Rico - Management expects continued margin expansion in Puerto Rico through cost management and revenue growth initiatives [35][36] Question: Competition in Puerto Rico's fixed business - Management noted increased competition primarily from traditional cable operators, with a focus on new product launches to enhance competitiveness [39][40] Question: Network rebuilding in Jamaica post-hurricane - Management is still assessing the extent of network damage in Jamaica, with ongoing recovery efforts supported by partners [42][43] Question: Partnership with Starlink - Management described the partnership with Starlink as beneficial for providing connectivity during outages, particularly for B2B customers [43][44]
Liberty Latin America(LILA) - 2025 Q3 - Earnings Call Presentation
2025-11-06 14:00
LIBERTY LATIN AMERICA Q3 2025 INVESTOR CALL November 6, 2025 "SAFE HARBOR" FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, financial and operational performance, growth expectations; our digital strategy, product innovation and commercial plans and projects; expectations on ...
Liberty Latin America(LILA) - 2025 Q3 - Quarterly Report
2025-11-05 22:04
Financial Performance - Revenue for the three months ended September 30, 2025, was $1,112.5 million, an increase of $23.3 million (2.1%) from $1,089.2 million in 2024[201]. - Operating income for the three months ended September 30, 2025, was $187.5 million, a significant improvement of $567.1 million compared to an operating loss of $379.6 million in 2024[201]. - Adjusted OIBDA for the three months ended September 30, 2025, was $433.4 million, up from $403.1 million in 2024, reflecting an increase of $30.3 million (7.5%) year-over-year[205]. - For the nine months ended September 30, 2025, revenue was $3,282.7 million, a decrease of $23.9 million (0.7%) from $3,306.6 million in 2024[201]. - Operating loss for the nine months ended September 30, 2025, was $17.4 million, an improvement of $158.6 million compared to a loss of $176.0 million in 2024[201]. - Adjusted OIBDA for the nine months ended September 30, 2025, was $1,255.0 million, an increase of $88.6 million (7.6%) from $1,166.4 million in 2024[206]. Revenue Breakdown - Liberty Caribbean's total revenue for the three months ended September 30, 2025, was $368.8 million, an increase of $9.3 million or 2.6% compared to $359.5 million in 2024[212]. - For the nine months ended September 30, 2025, Liberty Caribbean's total revenue was $1,099.0 million, reflecting an increase of $7.0 million or 0.6% from $1,092.0 million in 2024[213]. - C&W Panama's total revenue for the three months ended September 30, 2025, was $199.1 million, an increase of $11.1 million or 5.9% compared to $188.0 million in 2024[216]. - Liberty Puerto Rico's revenue decreased by $10.0 million or 3.2% for the three months ended September 30, 2025, totaling $298.2 million compared to $308.2 million in 2024[212]. - Liberty Costa Rica's total revenue for the three months ended September 30, 2025, was $154.5 million, an increase of $9.0 million (6.2%) compared to $145.5 million in 2024[222]. Cost and Expenses - Programming and other direct costs of services for the three months ended September 30, 2025, were $247.6 million, an increase of $15.7 million (6.8%) from $231.9 million in 2024[201]. - Other operating costs and expenses for the three months ended September 30, 2025, decreased by $23.6 million (5.0%) to $446.5 million from $470.1 million in 2024[201]. - Impairment, restructuring, and other operating items, net, for the three months ended September 30, 2025, were $17.3 million, a decrease of $504.1 million compared to $521.4 million in 2024[201]. - Total other operating costs and expenses for the nine months ended September 30, 2025, decreased by $104.3 million to $1,377.4 million compared to the same period in 2024[242]. - Personnel and contract labor costs for the nine months ended September 30, 2025, decreased by $18.5 million to $423.0 million compared to the same period in 2024[242]. Market and Competition - The company faced significant competition across all markets, impacting its ability to maintain RGUs, ARPU, and B2B revenue[209]. - The average number of RGUs increased by 1.5 million (3-month) and 5.4 million (9-month), while ARPU decreased by $4.3 (3-month) and $14.1 (9-month) due to lower video service revenues[223]. Foreign Currency and Inflation - The company is subject to inflationary pressures and foreign currency exchange risks that could impact operating margins[199]. - Changes in foreign currency exchange rates may significantly affect the company's operating results, particularly in Liberty Costa Rica and certain entities within C&W[197]. - For the three months ended September 30, 2025, the company recognized foreign currency transaction losses of $8.8 million, compared to losses of $7.6 million in the same period of 2024[268]. Acquisitions and Investments - The acquisition of EchoStar's prepaid business and spectrum assets in Puerto Rico and USVI involved an aggregate cash consideration of $256 million, payable in four annual installments[194]. - The company entered into an agreement to acquire 8.5% of the equity of Liberty Costa Rica for approximately $84 million, with 62.5% due upon closing and the remaining 37.5% due in January 2027[193]. Natural Disasters Impact - Hurricane Melissa is expected to adversely impact revenue and RGUs, Adjusted OIBDA, and long-lived asset impairments for the remainder of 2025[188]. - The company anticipates receiving net third-party proceeds related to Hurricane Melissa during the fourth quarter of 2025[189]. Debt and Liquidity - The total outstanding principal amount of debt and finance lease obligations was $8,363 million as of September 30, 2025[289]. - Cash and cash equivalents totaled $596.7 million as of September 30, 2025, with $503.4 million held by borrowing groups[280]. - The net cash used by investing activities was $417.6 million for the nine months ended September 30, 2025, compared to $513.3 million in 2024, reflecting a decrease of $95.7 million[292].
Liberty Latin America(LILA) - 2025 Q3 - Quarterly Results
2025-11-05 21:55
Financial Performance - Q3 2025 revenue reached $1,113 million, a 2% increase year-over-year, while YTD revenue was $3,283 million, a 1% decline[8] - Operating income improved significantly to $188 million from a loss of $380 million in Q3 2024, marking a 149% increase[8] - Adjusted OIBDA for Q3 2025 was $433 million, reflecting an 8% increase year-over-year, with a margin of 39%[8] - Adjusted Free Cash Flow (Adjusted FCF) for Q3 2025 was $16 million, down from $65 million in Q3 2024[8] - Net income attributable to shareholders was $3 million for Q3 2025, compared to a loss of $436 million in Q3 2024[21] - Operating income for the same period was $152.5 million, reflecting a significant 62% increase compared to $94.4 million in the prior year[39] - Adjusted OIBDA for Q3 2025 was $309.4 million, up 8% from $286.5 million in Q3 2024[39] - Operating income for the three months ended September 30, 2025, was $187.5 million, compared to a loss of $379.6 million in the same period of 2024[75] Revenue Growth - Liberty Caribbean reported a 3% revenue growth in Q3, driven by a 5% increase in fixed residential revenue and a 2% increase in residential mobile and B2B revenue[13] - C&W Panama achieved a 6% revenue growth in Q3, primarily due to a 14% increase in B2B revenue from large enterprise and government projects[13] - Liberty Networks experienced a 6% revenue growth in Q3, supported by expansion in wholesale and enterprise businesses, particularly in subsea capacity revenue[13] - Liberty Puerto Rico's revenue declined by 3% year-over-year, attributed to a 7% decrease in residential mobile and a 16% decline in B2B revenue[13] - Liberty Costa Rica's revenue grew by 6% on a reported basis, driven by higher residential mobile revenue from postpaid subscriber growth[14] - For the three months ended September 30, 2025, Liberty Latin America reported revenue of $661.8 million, a 4% increase from $636.5 million in the same period of 2024[39] Adjusted OIBDA - Adjusted OIBDA for Q3 2025 increased by 8% to $433.4 million compared to $403.1 million in Q3 2024, with a margin of 39.0%[16] - Liberty Caribbean's Adjusted OIBDA rose by 9% to $172.5 million, supported by improved operating costs from efficiency programs[17] - C&W Panama's Adjusted OIBDA increased by 5% to $71.8 million, driven by B2B project revenue and network efficiencies[22] - Liberty Puerto Rico's Adjusted OIBDA grew by 8% to $95.5 million, despite a rebased revenue decline, due to aggressive cost-out programs[22] - Liberty Costa Rica's Adjusted OIBDA increased by 11% to $56.4 million, with stable costs contributing to strong performance[22] - The proportionate adjusted OIBDA for Liberty Latin America was $258 million for Q3 2025[40] Debt and Financial Obligations - Total debt and finance lease obligations amounted to $8.36 billion as of September 30, 2025, with a gross leverage ratio of 4.9x[28] - The company has an unused borrowing capacity of $912.8 million, indicating available liquidity for future investments[28] - As of September 30, 2025, the total third-party debt was $4.9 billion, with a net carrying amount of $4.5 billion after accounting for cash and cash equivalents[40] - The Covenant Proportionate Net Leverage Ratio was reported at 3.7x, calculated based on the last two quarters of Covenant EBITDA[40] - Liberty Puerto Rico's total debt and finance lease obligations amounted to $2,944.3 million, an increase from $2,751.5 million as of June 30, 2025[43] - The average tenor of Liberty Puerto Rico's debt was approximately 3.0 years as of September 30, 2025, with a fully-swapped borrowing cost of 6.9%[44] Capital Expenditures - Capital expenditures for Q3 2025 totaled $122.2 million, representing 13.4% of revenue, down from 15.7% in Q3 2024[24] - The company’s capital expenditures for property and equipment additions were $149.3 million for the three months ended September 30, 2025, compared to $170.7 million for the same period in 2024[75] Subscriber Metrics - Liberty Caribbean's total subscriber base reached 4,812,600 as of September 30, 2025, with a total of 1,874,100 mobile subscribers[47] - Liberty Puerto Rico experienced a net loss of 11,700 RGUs in the quarter ended September 30, 2025, compared to the previous quarter[48] - The number of Revenue Generating Units (RGUs) includes video, internet, and telephony services, with specific counts reflecting unique premises and excluding mobile-only customers[64] - The company has a total of 1.2 million Fixed Customer Relationships with a postpaid product, representing a penetration rate of 30% of total Fixed Customer Relationships[55] Future Outlook - The company anticipates adverse impacts from Hurricane Melissa on Q4 2025 financial results, with expected proceeds from a weather derivative to aid recovery efforts[6] - The company anticipates continued demand for connectivity in the region and is focused on digital strategy and product innovation[35]
3 Wireless Stocks Set to Ride on Thriving 5G & Fiber Ecosystem
ZACKS· 2025-08-26 15:05
Industry Overview - The Zacks Wireless National industry is experiencing healthy demand trends due to accelerated 5G rollout and increased fiber densification, which aids in bridging the digital divide with seamless connectivity [1] - The industry primarily includes firms providing a wide range of communication services, including wireless, wireline, broadband, and cloud-based services to both retail consumers and businesses [3] Future Trends - The 5G ecosystem is gaining traction as companies deploy advanced 4G LTE technologies and expand fiber optic networks to support both 4G and 5G standards, enhancing coverage and speed for customers [4] - Industry participants are shifting towards a software-centric network model to improve operational efficiencies and meet increasing business demands [6] Competitive Landscape - Increased infrastructure spending has led to short-term margin erosion due to aggressive promotional expenses and low-priced service plans aimed at customer retention [5] - The industry faces challenges from over-the-top service providers and price-sensitive competition, which is expected to intensify [5] Performance Metrics - The Zacks Wireless National industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector over the past year, with a growth of 22.4% compared to 15.9% for the S&P 500 and 21.4% for the sector [9] - The industry is currently trading at a trailing 12-month EV/EBITDA of 9.5X, significantly lower than the S&P 500's 17.77X and the sector's 17.81X [12] Key Companies - Array Digital Infrastructure, Inc. is benefiting from solid user engagement in its fixed wireless business and has delivered an earnings surprise of 40% on average over the trailing four quarters, carrying a Zacks Rank 2 (Buy) [15] - Liberty Latin America Ltd. is positioned to leverage its end-to-end communications platform and upgraded infrastructure, carrying a Zacks Rank 3 (Hold) [18] - Cambium Networks Corporation is well-positioned with a broad portfolio of fixed wireless broadband solutions and has a long-term earnings growth expectation of 20%, also carrying a Zacks Rank 3 [20]