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Liberty Latin America(LILA) - 2025 Q4 - Earnings Call Presentation
2026-02-19 13:30
Part of Liberty Latin America LIBERTY LATIN AMERICA FY 2025 INVESTOR CALL February 19, 2026 "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; efficiency initiatives; our digital strategy, product innova ...
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]