Property Ownership and Operations - As of September 30, 2025, the company owned 174 properties, comprising 7.3 million rentable square feet across 30 states[248]. - The total gross asset value of the company was $2.2 billion as of September 30, 2025[257]. - The average occupancy rate for the SHOP segment improved to 83.2% in 2025 from 77.5% in 2024[263]. - The company internalized its advisory and property management functions on September 27, 2024, transitioning to a dedicated workforce[249]. Financial Performance - For the three months ended September 30, 2025, net loss attributable to common stockholders was $15.9 million, a decrease of 64% from $44.1 million in the same period of 2024[260]. - Revenue from tenants for the OMF segment decreased by 15.4% to $29.0 million for the three months ended September 30, 2025, compared to $34.3 million in 2024[261]. - The SHOP segment reported a 4.3% increase in revenue from tenants, reaching $57.0 million for the three months ended September 30, 2025, up from $54.6 million in 2024[263]. - The OMF segment's net operating income (NOI) decreased by 12.8% to $20.6 million for the three months ended September 30, 2025, compared to $23.6 million in 2024[261]. - SHOP segment NOI increased due to occupancy gains and lower insurance expenses, partially offset by property dispositions[265]. - Net loss attributable to common stockholders was $45.1 million for the nine months ended September 30, 2025, down from $183.1 million in 2024[283]. - Revenue from tenants in the SHOP segment increased by 3.9% to $168.9 million for the nine months ended September 30, 2025[286]. Expenses and Charges - Total expenses for the three months ended September 30, 2025, were $84.3 million, down from $111.4 million in 2024, reflecting a decrease of $27.2 million[260]. - Impairment charges recorded were $6.6 million for Q3 2025, compared to $8.8 million for Q3 2024[266]. - Operating fees to related parties were eliminated in Q3 2025 due to Internalization, resulting in a decrease from $6.4 million in Q3 2024[269]. - Acquisition and transaction related expenses decreased by $5.1 million to $0.1 million in Q3 2025 from $5.2 million in Q3 2024[271]. - General and administrative expenses increased by $0.2 million to $5.7 million in Q3 2025, primarily due to stock-based compensation[272]. - Depreciation and amortization expenses decreased by $2.7 million to $18.0 million in Q3 2025, attributed to property dispositions[274]. - Interest expense decreased by $2.9 million to $15.1 million in Q3 2025, mainly due to lower average indebtedness[276]. - General and administrative expenses decreased by $1.3 million to $15.6 million for the nine months ended September 30, 2025, from $16.9 million in 2024[294]. - Depreciation and amortization expenses decreased by $3.1 million to $60.3 million for the nine months ended September 30, 2025, compared to $63.4 million in 2024[295]. - Interest expense decreased by $6.7 million to $45.4 million for the nine months ended September 30, 2025, from $52.1 million in 2024[298]. Cash Flows and Distributions - Cash flows provided by operating activities increased by $83.3 million during the nine months ended September 30, 2025, compared to the same period in 2024[306]. - Cash flows provided by investing activities increased by $14.6 million during the nine months ended September 30, 2025, primarily due to proceeds from the sale of 15 held-for-use OMFs and four held-for-use SHOPs[307]. - Total cash distributions for the three months ended September 30, 2025, were $3,374,000, with a total of $10,301,000 for the year-to-date[345]. - Cash flows used in operations for the nine months ended September 30, 2025, were $3.0 million, indicating insufficient cash generation to fund current dividend rates[347]. - The company funded distributions to holders of Series A and B Preferred Stock and Series A Preferred Units primarily with available cash on hand[347]. - The ability to pay distributions depends on increasing cash generated from property operations, which is subject to various risks[348]. Stock Repurchase and Dividends - The Board authorized a stock repurchase program for up to $50.0 million of Series A and Series B Preferred Stock, with no stated expiration date[330]. - In Q3 2025, the company repurchased 74,713 shares of Series A Preferred Stock at an average price of $16.10 and 97,670 shares of Series B Preferred Stock at an average price of $16.03[331]. - For the nine months ended September 30, 2025, the company repurchased 131,629 shares of Series A Preferred Stock at an average price of $15.39 and 163,883 shares of Series B Preferred Stock at an average price of $15.14[331]. - The company declared quarterly distributions of $1.84375 per share for Series A Preferred Stock and $1.78125 per share for Series B Preferred Stock, equivalent to 7.375% and 7.125% per annum, respectively[340]. - Since mid-2020, the company has not paid cash dividends on common stock but issued stock dividends until January 2024[341]. - The Board may reduce or suspend dividend payments based on various factors, including financial condition and capital expenditure requirements[342]. - No cash distributions were made to common stockholders or other units in Q3 2025[344]. Market and Economic Conditions - As of September 30, 2025, the 12-month Consumer Price Index increased by 3.0%, impacting lease agreements without indexed escalation provisions[350]. - Most leases in the OMF segment contain rent escalation provisions, but these rates are generally below current inflation rates[350]. - Increased operating costs under net leases could adversely affect tenants' ability to pay rent, impacting the company's revenue[351]. - Leases at SHOPs do not typically have rent escalations, but the company can renew leases at market rates due to their short-term nature[352]. - There has been no material change in the company's exposure to market risk during the nine months ended September 30, 2025[354].

Exhibit 99.1 | Key Operating Metrics | Q3 2025 | Q3 2024 | | --- | --- | --- | | Net Income | $13.6M | $10.7M | | Adjusted EBITDA | $41.3M | $43.9M | | Distributable Cash Flow | $27.8M | $27.1M | | Distribution Coverage Ratio: Current Quarter | 1.39x | 1.36x | | Distribution Coverage Ratio: Trailing 12 Months | 1.00x | 1.26x | CrossAmerica Partners LP Reports Third Quarter 2025 Results Allentown, PA November 5, 2025 – CrossAmerica Partners LP (NYSE: CAPL) ("CrossAmerica" or the "Partnership"), a leading who ...

Financial Performance - Revenues for the three months ended September 30, 2025, increased to $76,614,000, up 24.2% from $61,656,000 in the same period of 2024[9] - Gross profit for the nine months ended September 30, 2025, was $26,445,000, representing a 24.5% increase compared to $21,280,000 in 2024[9] - Net income for the three months ended September 30, 2025, was $13,254,000, a decrease of 15.4% from $15,635,000 in the same period of 2024[10] - Basic earnings per share for the nine months ended September 30, 2025, was $2.89, down from $3.55 in 2024, reflecting a 18.6% decline[9] - The company reported a total comprehensive income of $13,363,000 for the three months ended September 30, 2025, compared to $15,713,000 in 2024, a decrease of 8.6%[10] - The net income for the third quarter of 2025 was reported at $15,635,000, a significant increase compared to $4,570,000 in the first quarter of 2024[14] - Total revenues for the three months ended September 30, 2025, were $76.6 million, a 24.2% increase from $61.7 million in the same period of 2024[51] - For the nine months ended September 30, 2025, total revenues reached $210.4 million, up 25.8% from $167.3 million in 2024[51] - Total operating profit for Q3 2025 was $6,777 million, down 65.6% from $19,699 million in Q3 2024[66] - Operating profit for Q3 2025 was $6,777,000, a significant decline of 65.5% from $19,699,000 in Q3 2024[9] Assets and Liabilities - Total current assets decreased to $207,717,000 as of September 30, 2025, from $264,738,000 at December 31, 2024, a decline of 21.5%[7] - Total liabilities decreased to $211,231,000 as of September 30, 2025, compared to $226,740,000 at December 31, 2024, a reduction of 6.8%[7] - Cash and cash equivalents decreased to $52,657,000 as of September 30, 2025, down from $72,833,000 at December 31, 2024, a decline of 27.7%[7] - As of September 30, 2025, total stockholders' equity increased to $426,402,000 from $382,340,000 at the beginning of 2024, reflecting a growth of approximately 11.5%[14] - Total assets as of September 30, 2025, were $637,633 million, a slight increase from $631,687 million as of December 31, 2024[68] - The balance of trade accounts receivable decreased from $49.7 million at January 1, 2025, to $30.9 million at September 30, 2025[51] - The total liabilities as of September 30, 2025, were $211,231 million, down from $226,740 million as of December 31, 2024[7] Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2025, was $39,502,000, compared to a cash used of $(2,879,000) in 2024[12] - The company plans to continue investing in property, plant, and equipment, with expenditures of $(34,342,000) for the nine months ended September 30, 2025[12] - Expenditures for property, plant, and equipment in Q3 2025 totaled $22,392 million, significantly higher than $8,296 million in Q3 2024[68] - Expenditures for property, plant, and equipment for the nine months ended September 30, 2025, were $(34,342,000), compared to $(30,697,000) in 2024[12] - The company has $9.6 million recorded as a prepaid profit-sharing asset, which will be reduced as profit-sharing contributions are made to employees[32] Segment Performance - The Utility Coal Mining segment operates under exclusive, long-term contracts, supplying 100% of fuel requirements for adjacent power plants, ensuring stable revenue streams[17] - The Contract Mining segment is expanding operations, with new projects in Arizona expected to commence in Q1 2026, enhancing growth potential[26] - The Minerals and Royalties segment generates income primarily through leasing mineral interests, contributing to diversified revenue sources[28] - Utility Coal Mining segment revenues for the nine months ended September 30, 2025, were $67,519 million, up 39.9% from $48,247 million in the same period of 2024[66] - Contract Mining segment revenues increased by 41.1% to $45,611 million in Q3 2025 from $32,326 million in Q3 2024[66] Equity and Shareholder Returns - Cash dividends on Class A and Class B common stock increased from $0.2175 per share in Q1 2024 to $0.2525 per share in Q2 2025, representing a rise of approximately 16%[14] - The company’s total capital in excess of par value increased to $40,016,000 by September 30, 2025, up from $28,672,000 at the beginning of 2024, reflecting strong financial health[14] - The stock repurchase program approved on November 7, 2023, allows for the purchase of up to $20.0 million of Class A Common stock through December 31, 2025[55] Accounting and Reporting - The company is evaluating the impact of new accounting standards on its financial statements, including ASU No. 2023-09 and ASU No. 2024-03, which will enhance income tax disclosures and expense disaggregation[35][36] - The reclassification adjustment to net income, net of tax, was $109,000 for the first quarter of 2025, indicating ongoing adjustments in financial reporting[14] Other Notable Items - The company recognized $13.6 million in income related to business interruption insurance recoveries in Q3 2024, partially offsetting losses from a boiler outage[21] - The Thacker Pass lithium project is targeting initial production in late 2027, with Sawtooth Mining, LLC as the exclusive provider of mining services, indicating strategic expansion into the lithium market[27] - The company transferred $14.5 million of excess funds from the terminated Falkirk pension plan to the NACCO 401(k) plan, which will offset future profit-sharing contributions[32] - A gain of $3.6 million was recognized from settling a liability with Falkirk's former customer for $10.9 million during the first nine months of 2025[32] - As of September 30, 2025, assets held for sale amounted to $15.4 million, including draglines and an office building[34] - The company expects to recognize revenue from the Thacker Pass lithium project over the estimated useful life of the asset, with a potential success fee of $4.7 million contingent on meeting commercial mining milestones[49] - The company recorded a loss of $1.4 million related to equity securities during the nine months ended September 30, 2025[59] - The company recognized losses of $0.4 million and $1.4 million during the three and nine months ended September 30, 2025, respectively, related to investments in equity securities[59]

Financial Performance - Total transactions for the last twelve months ended September 30, 2025, were 21,436, an increase from 16,444 in the same period of 2024[112] - Gross transaction value reached $38.9 billion for the last twelve months ended September 30, 2025, compared to $27.6 billion for the same period in 2024, reflecting a 40% increase[112] - Average transaction value per transaction was $1,813.4 thousand for the last twelve months ended September 30, 2025, up from $1,679.1 thousand in the previous year[112] - Revenue for the three months ended September 30, 2025, was $262,838 thousand, a decrease from $266,316 thousand in the same period of 2024[125] - Revenues from commission and other brokerage income were $250,354 for the three months ended September 30, 2025, a decline of $3,720 compared to $254,074 for the same period in 2024[126] - Revenues for the nine months ended September 30, 2025, were $787,607, an increase of $35,301 from $752,306 in 2024, attributed to higher commissions and brokerage income[139] Profitability and Loss - Net loss attributed to Douglas Elliman Inc. was $59,346 thousand for the last twelve months ended September 30, 2025, compared to a net loss of $70,319 thousand for the same period in 2024[112] - Adjusted EBITDA attributed to Douglas Elliman was $(2,454) thousand for the last twelve months ended September 30, 2025, an improvement from $(12,380) thousand in the previous year[112] - Operating loss for the three months ended September 30, 2025, was $(10,655) thousand, compared to $(7,431) thousand for the same period in 2024[125] - Operating loss was $10,655 for the three months ended September 30, 2025, compared to $7,431 in 2024, primarily due to increased general and administrative expenses[134] Expenses - Operating expenses were $273,493 for the three months ended September 30, 2025, a slight decrease of $254 from $273,747 in 2024, primarily due to declines in real estate brokerage commissions[127] - Real estate agent commissions expense was $192,771 for the three months ended September 30, 2025, down $6,362 from $199,133 in 2024, with the expense as a percentage of revenues decreasing to 73.3% from 74.8%[128][129] - Real estate agent commissions expense for the nine months ended September 30, 2025, was $583,890, up $19,284 from $564,606 in 2024, with the expense as a percentage of revenues decreasing to 74.1% from 75.1%[142] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased by $8,686 to $150,907 during the nine months ended September 30, 2025, compared to an increase of $27,746 in the same period of 2024[153] - Cash provided by operations was $505 for the nine months ended September 30, 2025, a significant improvement from cash used in operations of $16,987 in 2024[154] - Cash provided by investing activities was $8,266 for the nine months ended September 30, 2025, compared to cash used of $2,009 for the same period in 2024, indicating a significant increase in cash inflow[156] - Cash used in financing activities was $85 for the nine months ended September 30, 2025, a stark contrast to cash provided of $46,742 in the same period of 2024, primarily due to debt issuance proceeds in the prior year[158] - As of September 30, 2025, the company had cash and cash equivalents of approximately $143,003, which is expected to meet liquidity needs over the next twelve months[161] Strategic Transactions - The company sold its property management subsidiary for a base purchase price of $85,000 thousand on October 24, 2025[120] - The company repaid and redeemed all senior secured convertible promissory notes for an aggregate payment of $95,000 thousand on October 24, 2025[121] - The company issued Convertible Notes totaling $50,000 on July 2, 2024, and repaid all notes for $95,000 on October 24, 2025, including accrued interest[159] - The company is evaluating potential acquisitions and strategic transactions, which may limit available liquidity[160] Legal and Market Risks - The company agreed to pay $7,750 as part of a settlement agreement related to litigation, with additional contingent payments of $5,000 through December 31, 2027[162] - The company continues to face litigation risks, including claims related to former independent contractors, which could materially affect financial position and results[165] - The company is exposed to market risks from fluctuations in interest rates and may face risks from foreign currency exchange rates and equity prices in the future[169] Retention and Growth Metrics - Annual retention rate was 84% for the last twelve months ended September 30, 2025, down from 89% in the previous year[112] - Gross profit increased to $70,067 for the three months ended September 30, 2025, compared to $67,183 in 2024, driven by improved margins from the Development Marketing division[130] - Gross profit for the nine months ended September 30, 2025, was $203,717, an increase from $187,700 in 2024, due to increased existing home sales and Development Marketing contributions[143] Contingent Liabilities - Portfolio Escrow Inc. had escrow funds on deposit of $20,640 as of September 30, 2025, which are not assets of the company but represent contingent liabilities[168] - As of September 30, 2025, the company had outstanding letters of credit of approximately $2,645, collateralized by certificates of deposit[167]

Financial Performance - Total revenue increased 21% to $23.1 million for the three months ended September 30, 2025[84]. - Net income increased 145% to $4.2 million, resulting in earnings of $0.30 per basic share[84]. - Adjusted EBITDA increased 35% to $9.0 million, with an adjusted EBITDA margin of 39%[84]. - Gross profit increased 26% to $16.8 million, with a gross margin of 73%[84]. - Adjusted net income increased 75% to $5.8 million, resulting in adjusted earnings of $0.41 per basic share[84]. - Free cash flow (FCF) for the three months ended September 30, 2025, was $7.3 million, compared to $4.8 million for the same period in 2024, reflecting a 51% increase[92]. - Income before income taxes increased by $4.0 million, or 46%, to $12.6 million for the nine months ended September 30, 2025[125]. - Net income increased by $4.2 million, or 68%, to $10.3 million for the nine months ended September 30, 2025[128]. - Cash flows provided by operating activities were $22.7 million for the nine months ended September 30, 2025, compared to $17.3 million for the same period in 2024[132][134]. Customer Metrics - IDI had 9,853 billable customers as of September 30, 2025, up from 8,743 in the previous year[78]. - FOREWARN added 25,538 users during the third quarter, ending with 372,209 users[89]. - The IDI billable customer base increased to 9,853 customers as of September 30, 2025, up from 8,743 customers a year earlier[101]. - FOREWARN user base increased to 372,209 users as of September 30, 2025, up from 284,967 users a year earlier[101]. - As of September 30, 2025, the IDI billable customer base increased to 9,853 customers, up from 8,743 customers a year earlier, while the FOREWARN user base grew to 372,209 users, up from 284,967 users[115]. Revenue Breakdown - Revenue increased by $4.0 million, or 21%, to $23.1 million for the three months ended September 30, 2025, compared to $19.1 million for the same period in 2024[96]. - Revenue from existing customers increased by $4.1 million, or 24%, while revenue from new customers decreased by $0.1 million, or 6%[99]. - Revenue from new customers increased by $0.9 million, or 17%, and revenue from existing customers increased by $10.4 million, or 21%[118]. Cost and Expenses - Cost of revenue (exclusive of depreciation and amortization) increased by $0.3 million, or 9%, to $3.6 million for the three months ended September 30, 2025[102]. - Cost of revenue (exclusive of depreciation and amortization) increased by $0.3 million, or 2%, to $10.8 million for the nine months ended September 30, 2025[116]. - Cost of revenue as a percentage of revenue decreased to 16% for the nine months ended September 30, 2025, compared to 19% for the same period in 2024[120]. - Sales and marketing expenses increased by $3.5 million, or 27%, to $16.4 million for the nine months ended September 30, 2025[121]. Cash Position - Cash and cash equivalents were $45.4 million as of September 30, 2025[85]. - As of September 30, 2025, total shareholders' equity was $101.7 million and cash and cash equivalents were $45.4 million[138]. - The company expects to fund commitments under data licensing agreements and a cloud service agreement totaling $44.9 million using available cash on hand and cash flows generated from operations over the next twelve months[137]. Stock Repurchase Program - The company increased its Stock Repurchase Program authorization by $15.0 million, totaling $30.0 million[89].

Exhibit 99 NEWS RELEASE 22901 Millcreek Boulevard • Suite 600 • Cleveland, Ohio 44122 Tel. (440) 229-5151 FOR FURTHER INFORMATION, CONTACT: Christina Kmetko For Immediate Release (440) 229-5130 Wednesday, November 5, 2025 NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2025 RESULTS Consolidated Q3 2025 Results: Cleveland, Ohio, Wednesday, November 5, 2025 - NACCO Industries (NYSE: NC) today announced consolidated results for the three and nine months ended September 30, 2025. ® Third-quarter 2025 earnings improved ...

Revenue Performance - Q3 2025 revenue reached $1,113 million, a 2% increase year-over-year, while YTD revenue decreased by 1% to $3,283 million[8]. - Liberty Caribbean reported a 3% revenue growth in Q3 2025, driven by a 5% increase in fixed residential revenue[13]. - C&W Panama achieved a 6% revenue growth in Q3 2025, primarily due to a 14% increase in B2B revenue[13]. - Liberty Networks experienced a 6% revenue growth in Q3 2025, supported by growth in subsea capacity revenue[13]. - Liberty Puerto Rico's revenue declined by 3% year-over-year, attributed to a 7% decrease in residential mobile revenue[13]. - Liberty Costa Rica's revenue grew by 6% on a reported basis, driven by postpaid subscriber growth[14]. - For the three months ended September 30, 2025, total revenue was $661.8 million, representing a 4% increase compared to $636.5 million for the same period in 2024[39]. - Liberty Puerto Rico reported a revenue of $298.2 million for Q3 2025, down 3% from $308.2 million in Q3 2024[41]. - Liberty Costa Rica reported a revenue of CRC 78.0 billion for the three months ended September 30, 2025, reflecting a 3% increase from CRC 76.1 billion in the same period of 2024[45]. Adjusted OIBDA and Operating Income - Adjusted OIBDA for Q3 2025 was $433 million, reflecting an 8% increase year-over-year, with a margin of 39%[8]. - Adjusted OIBDA for Q3 2025 increased by 8% on a reported basis compared to Q3 2024, driven by growth across all operating segments[19]. - Liberty Caribbean's Adjusted OIBDA rose by 9% and 10% on a reported and rebased basis, respectively, supported by improved operating costs[17]. - C&W Panama's Adjusted OIBDA increased by 5% and 4% on a reported and rebased basis, driven by B2B project revenue and network efficiencies[22]. - Liberty Puerto Rico's Adjusted OIBDA increased by 8% and 7% on a reported and rebased basis, despite a rebased revenue decline[22]. - The company returned to positive operating income of $188 million in Q3 2025, compared to a loss of $380 million in Q3 2024[8]. - Operating income for the same period was $152.5 million, a significant increase of 62% from $94.4 million year-over-year[39]. - The operating income for Liberty Puerto Rico improved to $23.8 million, compared to a loss of $486.6 million in the prior year[41]. - Adjusted OIBDA for the three months ended September 30, 2025, was $433.4 million, compared to $403.1 million for the same period in 2024, reflecting a growth of 7.9%[75]. Debt and Financial Ratios - The company’s total third-party debt as of September 30, 2025, 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]. - The average tenor of the company’s debt obligations was approximately 5.8 years, excluding vendor financing and debt related to Tower Transactions[40]. - The company reported total debt and finance lease obligations of $8,280.0 million as of September 30, 2025[94]. - The consolidated gross leverage ratio was 4.9x as of September 30, 2025, compared to 5.0x as of June 30, 2025[28]. - The consolidated leverage ratio as of September 30, 2025, was reported at 4.9x, while the net leverage ratio was 4.6x[94]. - 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]. Subscriber Metrics - Organic postpaid additions increased by 101,700 in Q3 2025, marking the strongest quarterly performance in three years[11]. - Total subscribers for Liberty Puerto Rico reached 1,874,100 as of September 30, 2025, with a total of 995,100 RGUs[47]. - Liberty Costa Rica's total subscribers amounted to 2,160,000 as of September 30, 2025, with significant growth in postpaid subscribers due to migration from prepaid plans[48]. - The number of Revenue Generating Units (RGUs) includes video, internet, and telephony services, with a unique premises basis for counting customers[64]. - The company’s mobile subscriber count represents active SIM cards in service, excluding those who do not pay a recurring monthly fee after periods of inactivity[60]. Capital Expenditures and Cash Flow - Capital expenditures for Q3 2025 were $122.2 million, slightly down from $126.5 million in Q3 2024[24]. - Property and equipment additions as a percentage of revenue were 13.4% for Q3 2025, down from 15.7% in Q3 2024[24]. - Net cash provided by operating activities for the three months ended September 30, 2025, was $178.2 million, compared to $177.5 million for the same period in 2024, reflecting a slight increase of 0.4%[78]. - Adjusted Free Cash Flow (FCF) for the three months ended September 30, 2025, was $16.4 million, down from $65.5 million in the prior year, indicating a decrease of 75%[78]. - Cash payments for direct acquisition and disposition costs for the three months ended September 30, 2025, were $4.8 million, compared to $1.7 million in the same period of 2024[78]. Future Outlook - The company anticipates adverse impacts from Hurricane Melissa on Q4 2025 financial results, but expects proceeds from its weather derivative to support recovery efforts[6].

Exhibit 99.1 Liberty Latin America Reports Q3 2025 Results Commercial momentum supporting YoY revenue growth Strongest quarterly mobile postpaid additions in three years Return to positive Operating Income; 7% YoY rebased Adjusted OIBDA growth Strategic initiatives remain in focus Denver, Colorado - November 5, 2025: 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 ("Q3") and nine ...

Financial Performance - Operating revenues for Q3 2025 were $971.8 million, a decrease of 10% from $1,079.2 million in Q3 2024[13] - Gross profit for Q3 2025 was $104.8 million, down from $111.2 million in Q3 2024, reflecting a gross margin of approximately 10.8%[13] - Net income for Q3 2025 increased to $13.6 million, compared to $10.7 million in Q3 2024, representing a year-over-year growth of 27.5%[13] - Earnings per common unit for Q3 2025 were $0.34, up from $0.27 in Q3 2024, indicating a 25.9% increase[13] - Total revenues for the three months ended September 30, 2025, were $971,847 thousand, a decrease from $1,079,163 thousand in the same period of 2024[85] - Gross profit for the three months ended September 30, 2025, was $104,770 thousand, compared to $111,226 thousand for the same period in 2024, reflecting a decline of approximately 5.1%[86] - Operating income for the three months ended September 30, 2025, was $28,087 thousand, slightly up from $27,096 thousand in 2024, indicating a year-over-year increase of 3.7%[89] - The company reported a net income before income taxes of $16,453 thousand for the three months ended September 30, 2025, compared to $13,124 thousand in 2024, marking an increase of 25.5%[89] Assets and Liabilities - Total assets as of September 30, 2025, were $998.9 million, a decrease from $1,114.7 million at the end of 2024[11] - Total liabilities decreased to $1,060.9 million as of September 30, 2025, down from $1,139.5 million at the end of 2024[11] - Property and equipment, net, decreased to $568,888,000 as of September 30, 2025, from $656,300,000 as of December 31, 2024, indicating a reduction of about 13.3%[35] - Long-term debt and finance lease obligations totaled $710,989,000 as of September 30, 2025, down from $775,436,000 as of December 31, 2024, a decrease of about 8.3%[37] Cash Flow and Investments - The company’s cash and cash equivalents increased to $5.8 million as of September 30, 2025, compared to $3.4 million at the end of 2024[11] - Cash flows from operating activities for the nine months ended September 30, 2025, were $62.065 million, down from $76.672 million in 2024[18] - The company had a net cash increase of $2.385 million for the nine months ended September 30, 2025, compared to $2.775 million in 2024[18] - The company acquired assets from Applegreen for a total consideration of $16.9 million, transitioning 59 locations to company-operated sites[29] Expenses and Costs - Operating expenses for Q3 2025 were $84.1 million, a decrease from $88.8 million in Q3 2024, reflecting cost management efforts[13] - The company reported depreciation, amortization, and accretion expense of $69.671 million for the nine months ended September 30, 2025, compared to $57.903 million in 2024[18] - Impairment charges recorded during the three months ended September 30, 2025, were $4.2 million, compared to $3.2 million in the same period of 2024, reflecting an increase of approximately 31.3%[35] - Cash paid for interest in the nine months ended September 30, 2025, was $36,112 thousand, slightly down from $36,987 thousand in 2024[95] Inventory and Receivables - Total inventory as of September 30, 2025, was $60,967,000, a decrease from $63,169,000 as of December 31, 2024, representing a decline of approximately 3.4%[33] - Total accounts receivable as of September 30, 2025, was $34,572 thousand, an increase from $32,237 thousand at December 31, 2024[89] - Receivables from fuel and merchandise sales increased to $33,421 thousand as of September 30, 2025, from $30,115 thousand at December 31, 2024[89] Environmental and Tax Liabilities - Environmental liabilities recorded on the balance sheet totaled $9.0 million and $8.4 million at September 30, 2025, and December 31, 2024, respectively[63] - Income tax expense for the three months ended September 30, 2025, was $2.9 million, compared to $2.4 million for the same period in 2024[76] - The effective tax rate differs from the combined federal and state statutory rate primarily because only corporate subsidiaries are subject to income tax[76] Distributions and Common Units - The company paid $60.212 million in distributions during the nine months ended September 30, 2025[18] - Common unit distributions to the Topper Group were $7.7 million for each of the three months ended September 30, 2025, and 2024, indicating stability in distributions[49] - Distributions paid on common units for the three months ended September 30, 2025, were $20,012,000, compared to $19,975,000 in 2024[78] Operational Changes - The company converted 13 sites from lessee dealer sites to company-operated or commission agent sites in the retail segment during the three months ended September 30, 2025[84] - The company has exclusive motor fuel distribution contracts with lessee dealers and independent dealers in the wholesale segment[81]

Financial Performance - Revenue for Q3 2025 was $21.415 billion, a decrease of 3.7% from $22.245 billion in Q3 2024[229] - Operating profit for Q3 2025 was $1.804 billion, down 9.1% from $1.985 billion in Q3 2024[229] - Net income for Q3 2025 was $1.311 billion, a decline of 14.8% compared to $1.539 billion in Q3 2024[229] - Total revenue for Q3 2025 was $14,220 million, a decrease of 2.6% from $14,597 million in Q3 2024, driven by a 12.3% decline in volume[258] - Operating profit for Q3 2025 was $603 million, down 28.5% from $843 million in Q3 2024, resulting in an operating margin of 4.2%[258] - Non-GAAP adjusted operating profit decreased by 1.5% to $905 million in Q3 2025, with a non-GAAP adjusted operating margin of 6.4%[258] Volume and Revenue Trends - Average daily package volume decreased by 9.8% in Q3 2025, driven by planned volume declines from the largest customer[231] - Average daily package volume decreased by 12.3% in Q3 2025 compared to Q3 2024, with significant declines in Next Day Air (10.9%), Deferred (18.6%), and Ground (12.0%) segments[258] - Business-to-consumer volume decreased by 17.6% in Q3 2025, while business-to-business volume decreased by 4.8%[261] - Average daily package volume increased by 4.8% year-over-year in Q3 2025, with domestic volume up 3.6% and export volume up 5.9%[271][274] Cost Management and Expenses - Operating expenses decreased by 3.2% to $19.611 billion in Q3 2025, compared to $20.260 billion in Q3 2024[229] - Operating expenses decreased by 1.0% to $13,617 million in Q3 2025, primarily due to a $398 million decline in facility and transportation-related costs[267] - Total operating expenses decreased by $649 million (down 3.2%) for the quarter and $1.3 billion (down 2.2%) year-to-date, primarily due to the divestiture of Coyote[287][291] - Non-GAAP adjusted operating expenses decreased by $979 million (down 4.8%) for the quarter and $1.6 billion (down 2.6%) year-to-date[291] Strategic Initiatives - The company is undergoing a strategic shift to reduce volume from its largest customer by more than 50% by June 2026[221] - The Fit to Serve initiative resulted in a workforce reduction of approximately 14,000 positions and has achieved savings of approximately $1.0 billion through reductions in compensation and benefit expenses[238] - The Network Reconfiguration initiative has led to a reduction of approximately 34,000 positions and the closure of 93 facilities, with realized cost savings of approximately $2.2 billion as of September 30, 2025, and an expected total of $3.5 billion in savings for 2025[239] Shareholder Returns - The company returned $5.0 billion to shareholders through share repurchases of $1.0 billion and dividends of $4.0 billion during the nine months ended September 30, 2025[228] - Dividends declared per share increased to $4.92 in 2025 from $4.89 in 2024[325] Cash Flow and Liquidity - Net cash from operating activities decreased by $1.7 billion year to date, totaling $5.148 billion, driven by various factors including changes in working capital[313] - As of September 30, 2025, the company had $6.8 billion in cash, cash equivalents, and marketable securities, indicating strong liquidity to fund operations and planned expenditures[312] - Total capital expenditures for the nine months ended September 30, 2025, were $2,969 million, representing 4.6% of revenue, slightly up from 4.3% in 2024[316] Acquisitions and Investments - The acquisition of Frigo-Trans and Andlauer Healthcare Group expanded the company's cold-chain logistics capabilities[223] - Cash paid for acquisitions in the nine months ended September 30, 2025, was $(479) million, primarily for the acquisition of Frigo-Trans[319] Debt and Financing - Total debt outstanding as of September 30, 2025, was $24,782 million, compared to $21,930 million in 2024[324] - Net cash used in financing activities for the nine months ended September 30, 2025, was $(1,947) million, down from $(5,003) million in 2024[324]