Liberty Latin America (NasdaqGS:LILA) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBalan Nair - CEOChris Noyes - CFOMichael Rollins - Managing DirectorZoe Lawrenson - Senior Director of Strategy and Corporate DevelopmentConference Call ParticipantsChris Hoare - Equity Research AnalystMatthew Harrigan - Equity Research AnalystOperatorGood day, everyone. You are holding for Liberty Latin America's full year 2025 investor call. Thank you for your patience. The investor call will begi ...

Liberty Latin America (NasdaqGS:LILA) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBalan Nair - CEOChris Noyes - CFOMichael Rollins - Managing DirectorZoe Lawrenson - Senior Director of Strategy and Corporate DevelopmentConference Call ParticipantsChris Hoare - Equity Research AnalystMatthew Harrigan - Equity Research AnalystOperatorGood day, everyone. You are holding for Liberty Latin America's full year 2025 investor call. Thank you for your patience. The investor call will begi ...

Liberty Latin America (NasdaqGS:LILA) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Speaker5Good day, everyone. You are holding for Liberty Latin America's full year 2025 investor call. Thank you for your patience. The investor call will begin in approximately 5 minutes. Please stand by. Good day, everyone. You are holding for Liberty Latin America's full year 2025 investor call. Thank you for your patience. The investor call will begin in approximately 2 minutes. Good morning, ladies and gentlemen, a ...

Core Insights - The company achieved solid EBITDAaL growth of 4.0% for the full year 2025, slightly exceeding guidance, driven by synergies from the VOO acquisition and operational efficiencies [1][7][8] Financial Highlights - Revenues for H2 2025 decreased by 1.5% year-over-year to €1,000.6 million, with full-year revenues also down by 1.5% to €1,963.4 million [3][4] - Retail service revenues fell by 1.9% in H2 2025 to €791.4 million, with a similar decline for the full year [3] - EBITDAaL for H2 2025 increased by 3.4% to €301.3 million, with a full-year EBITDAaL of €566.1 million, reflecting a 4.0% increase [3][4] Customer Base and Operational Performance - Mobile postpaid customer base grew by 2.5% year-over-year to 3.6 million, while cable customer base increased by 1.8% to 1,039,000 [2][4] - Net adds for mobile postpaid decreased by 49.0% to 38,000, and cable net adds fell by 68.7% to 5,000 [2][4] Capital Expenditure and Cash Flow - eCapex for the full year increased by 2.1% to €375.9 million, driven by RAN sharing and 5G deployment [5][6] - Adjusted operating cash flow rose by 7.9% to €190.2 million, while net cash from operating activities increased by 4.5% to €525.6 million [5] Debt and Profitability - Net financial debt decreased by 4.7% to €1,815.1 million, with total borrowings down by 3.4% to €1,895.8 million [5] - Net profit for the period increased significantly by 139.5% to €41.3 million [5] Strategic Outlook - The company plans to target an EBITDAaL growth of approximately 3.5% for 2026, with expected eCapex around €360 million [9][11] - The Board of Directors will not propose a dividend for 2025 to preserve cash for future investments [10]

Financial Data and Key Metrics Changes - In Q3 2025, América Móvil reported total revenue of 233 billion pesos, up 4.2% in Mexican peso terms and 6.2% at constant exchange rates [6] - EBITDA totaled 94 billion pesos, increasing by 4.9% in nominal terms and 6.8% at constant exchange rates [9] - Net income surged to 23 billion pesos, equivalent to $0.38 per share or $0.40 per ADR, with free cash flow amounting to 53 billion pesos, a 47% increase year on year [10][11] Business Line Data and Key Metrics Changes - The postpaid client base increased by 8.1% year over year, with 3 million new postpaid clients added in the quarter [5][6] - Mobile service revenue grew by 7.1%, the fastest rate in two years, driven by a recovery in prepaid revenue, which expanded by 3.9% [7] - Fixed-line service revenue decelerated to 4.7% growth, impacted by a slowdown in corporate networks revenue, which fell from a 15% increase in Q2 to 3.5% in Q3 [8] Market Data and Key Metrics Changes - The U.S. dollar depreciated against several currencies in the region, declining 2.7% against the Mexican peso and 4.1% against the Colombian peso [4] - In Brazil, the company added 1.5 million postpaid clients, contributing significantly to overall growth [5] Company Strategy and Development Direction - The company is evaluating potential acquisitions, including a joint bid with Entel for Telefónica assets in Chile, indicating a strategy focused on market consolidation [18][19] - Investments in network modernization and customer service enhancements are ongoing, particularly in Chile, where the company has seen significant EBITDA growth [34] Management's Comments on Operating Environment and Future Outlook - Management noted that the recovery in mobile prepaid revenues in Mexico is closely tied to economic conditions, with expectations for continued improvement [14] - In Colombia, the company is optimistic about growth despite competitive pressures, with service revenue increasing by 7.8% [29] Other Important Information - The company reduced its net debt by 16 billion pesos, ending the quarter with a net debt of 454 billion pesos, equivalent to 1.55 times net debt to EBITDA after leases [11] Q&A Session Summary Question: Mobile prepaid revenues in Mexico recovery drivers - Management indicated that the recovery is closely related to economic conditions and expects continued improvement in mobile revenues [14] Question: Margin expansion in Chile, Uruguay, and Paraguay - Management confirmed that margin expansion is due to operational improvements and synergies, with no one-off accounting effects [15] Question: Potential acquisitions in Brazil and Chile - Management is evaluating opportunities in both regions, with a focus on strategic acquisitions that make sense for the company [18][19] Question: Competitive environment in Mexico - Management acknowledged strong competition but emphasized their superior network quality and customer service as key differentiators [22] Question: Performance drivers in Brazil's prepaid segment - Management noted that ARPU in Brazil's prepaid segment is growing at 7.3%, driven by increased consumption and network investments [26] Question: Competitive market update for Colombia and Chile - Management highlighted ongoing investments in fiber and network improvements, with expectations for continued growth despite competitive pressures [30][34]