Q4 and Year-end 2025 Earnings Call March 5, 2026 1 Q4 FY 2025 Safe Harbor and Non-GAAP Financial Measures Definition Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements relating to, among other matters, the Company's future financial performance, business goals and objectives, and results of operations, its future revenues, operating income, cash flows, network and operating costs, Adjusted EBITDA, and capital investments; the closing of the pendi ...

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].

Core Insights - ATN International, Inc. reported steady financial performance in Q3 2025, with revenues of $183.2 million, a 3% increase from $178.5 million in Q3 2024, driven by growth in fixed and carrier services despite a decline in mobility revenues [4][6][9] - The company achieved an operating income of $9.8 million, a significant recovery from a loss of $(38.4) million in the previous year, aided by cost containment measures and a reduction in depreciation and amortization expenses [5][6] - Adjusted EBITDA rose by 9% to $49.9 million compared to $45.7 million in Q3 2024, reflecting improved operational efficiency and margin expansion [6][9] Financial Performance - Consolidated revenues for Q3 2025 were $183.2 million, up 3% from $178.5 million in Q3 2024, primarily due to growth in fixed and carrier services [4][9] - Operating income improved to $9.8 million from a loss of $(38.4) million in the prior year, which included a $35.3 million goodwill impairment charge [5][9] - Net income attributable to ATN stockholders was $4.3 million, or $0.18 per diluted share, compared to a net loss of $(32.7) million, or $(2.26) per diluted share, in Q3 2024 [6][9] Segment Performance - The company operates in three segments: International Telecom, US Telecom, and Corporate and Other, with total revenue for Q3 2025 reported at $183.2 million [7][36] - International Telecom revenue was $95.1 million, while US Telecom revenue was $88.0 million, indicating a diversified revenue stream [10][36] - Mobility revenues showed a slight decline, while fixed and carrier services contributed positively to overall revenue growth [4][9] Operational Metrics - High-speed broadband homes passed increased by 8% year-over-year, with total high-speed subscribers growing by 1% [9][14] - The company reported a net cash provided by operating activities of $97.7 million for the year-to-date period, slightly up from $97.4 million in the prior year [17][34] - Capital expenditures for the year-to-date period were $60.9 million, down from $85.7 million in the previous year [17][34] Business Outlook - The company is refining its full-year 2025 Adjusted EBITDA expectations while maintaining its outlook for revenue, capital expenditures, and Net Debt Ratio [20][21] - Revenue, excluding construction revenue, is expected to align with last year's result of $725 million, with Adjusted EBITDA anticipated to be flat to slightly above last year's result of $184 million [28][21] - Capital expenditures are projected to be in the range of $90 to $100 million, down from $110.4 million in 2024, with a Net Debt Ratio expected to remain flat at approximately 2.54x [28][21]

Financial Performance - ATN's Q2 2025 total revenue was $181 million, with US contributing 48% and International 52%[17] - Adjusted EBITDA for Q2 2025 was $46 million, with US accounting for 35% and International 65%[17] - US Telecom revenue decreased by 2% to $86 million, and Adjusted EBITDA decreased by 17% to $18 million[23] - International Telecom revenue remained flat at $95 million, and Adjusted EBITDA also remained flat at $33 million[22] Key Performance Indicators - High-Speed Data Broadband Homes Passed increased by 8% year-over-year to approximately 428,000[15] - High-Speed Data Customers increased by 1% year-over-year to approximately 142,000[15] - International Mobile Subscribers decreased by 1% year-over-year to approximately 393,000, with Pre-Paid subscribers increasing by 4% to approximately 60,000 and Post-Paid subscribers decreasing by 2% to approximately 332,000[15] - Fiber Route Miles increased by 1% year-over-year to approximately 12,000[13] Balance Sheet and Capital Allocation - The company's cash position as of June 30, 2025, was $113 million, with a debt position of $583 million and undrawn revolver capacity of $178 million[26] - Year-to-date capital expenditures for FY25 amounted to $42 million[26] - The Net Debt Ratio was 258x as of June 30, 2025[26] Outlook - The company reaffirms its full-year 2025 outlook, expecting revenue (excluding construction revenue) to be in line with 2024 revenue of $725 million, Adjusted EBITDA to be flat with 2024 Adjusted EBITDA of $184 million, and capital expenditures to be between $90 million and $100 million[29]

Core Insights - ATN International, Inc. reported a 4% decline in consolidated revenues for Q1 2025, totaling $179.3 million compared to $186.8 million in Q1 2024, primarily due to the wind-down of subsidy programs in the US Telecom segment [6][9][4] - Adjusted EBITDA increased by 2% year-over-year to $44.3 million, supported by disciplined cost management despite lower revenues [9][4] - The company experienced a net loss of $8.9 million, or $0.69 per share, compared to a net loss of $6.3 million, or $0.50 per share, in the previous year [9][8] Financial Performance - Operating income decreased to $2.7 million in Q1 2025 from $4.6 million in Q1 2024, impacted by lower revenues and increased transaction-related charges [7][9] - Net cash provided by operating activities rose significantly by 55% to $35.9 million, up from $23.2 million in the prior year [17][9] - Capital expenditures for the quarter were $20.8 million, down from $36.0 million in the same period last year [17][9] Segment Performance - International Telecom segment revenue increased to $94.5 million, while US Telecom segment revenue decreased to $84.8 million [11][41] - The International segment maintained positive momentum with consistent demand for high-speed services, contributing to a year-over-year increase in Adjusted EBITDA [5][4] - The US Telecom segment is undergoing a transition strategy to align networks with business and carrier solutions, which is expected to impact near-term revenue but improve margins over time [5][4] Business Outlook - The company reaffirmed its full-year 2025 outlook, expecting revenues (excluding construction revenue) to align with last year's result of $725 million and Adjusted EBITDA to remain flat at approximately $184 million [22][19] - Capital expenditures for 2025 are projected to be in the range of $90 to $100 million, with the Net Debt Ratio expected to remain flat or slightly improve by the end of 2025 [22][19] - The focus for 2025 is on expanding cash flow and capturing benefits from strategic investments made over the past three years [19][4]