ATN Reports Fourth Quarter and Full Year 2025 Results; Provides 2026 Outlook

Core Insights - ATN International, Inc. reported steady operational progress and improved financial performance in 2025, with growth in revenue and Adjusted EBITDA, alongside an expanded high-speed subscriber base and increased broadband homes passed [4][5]. Financial Results - Fourth quarter revenues increased by 2% to $184.2 million compared to $180.5 million in the same quarter last year; full-year revenues were flat at $728.0 million [7][8]. - Fourth quarter operating income rose to $15.7 million, up from $8.7 million in the previous year; full-year operating income was $28.4 million compared to a loss of $(0.8) million in 2024 [9][10]. - Fourth quarter Adjusted EBITDA increased by 8% to $50.0 million; full-year Adjusted EBITDA rose by 3% to $190.0 million [11]. - The company reported a net loss of $(3.3) million, or $(0.32) per share, for the fourth quarter, compared to a net income of $3.6 million, or $0.14 per share, in the prior year; full-year net loss was $(14.9) million, or $(1.38) per share [10][11]. Subscriber Growth - High-speed broadband homes passed increased by 27% in the fourth quarter, while total high-speed broadband subscribers grew by 3% [7][16]. - International mobile subscribers also increased by 3% in the fourth quarter [7]. Capital Expenditures and Cash Flow - Full-year capital expenditures were $90.0 million, down from $110.4 million in the previous year [19]. - Net cash provided by operating activities increased by 5% to $133.9 million for the year [19]. 2026 Outlook - The company expects Adjusted EBITDA for 2026 to be in the range of $190 million to $200 million, excluding impacts from the pending US tower portfolio sale, which could reduce the outlook by $6 million to $8 million [24][21]. - Capital expenditures for 2026 are anticipated to be between $105 million and $115 million [24].