The company also emphasized capital spending discipline. Nair said property and equipment (P&E) additions were 14% of revenue in 2025, in line with prior intentions and down 2 percentage points from the prior year. CFO Chris Noyes added that total P&E additions were $640 million in 2025 versus $725 million in 2024. With adjusted OIBDA expanding and P&E additions falling, management reported adjusted OIBDA less P&E additions increased 27% for the year to $1.1 billion , or 24% of revenue .On profitability, ma ...

Core Insights - The company anticipates a $100 million adjusted free cash flow impact from Hurricane Melissa in 2026, with a goal to return to pre-hurricane operational levels by year-end 2026, setting the stage for a full recovery in 2027 [1] - The company reported a significant year-over-year growth in adjusted OIBDA, with a 27% increase for fiscal 2025 and a 30% increase in Q4 2025 [3][8] - The company is focused on driving organic growth and cash flow improvement, with a strategic vision for 2026 that includes operational and financial priorities [9][10] Financial Performance - Adjusted OIBDA less P&E additions reached $1.1 billion in 2025, representing 24% of revenue, a notable improvement from 2024 [3][8] - The company achieved a robust Q4 with adjusted free cash flow before partner distributions of $278 million, leading to a full-year total of $150 million, marking a 29% year-over-year increase [3][8] - Total debt stands at $8.4 billion, with liquidity of $800 million in cash and $900 million available under credit lines [1][5] Capital Expenditures - The company invested $640 million in 2025, a decrease from $725 million in 2024, with P&E additions as a percentage of revenue dropping from 16% in 2024 to 14% in 2025 [4][5] - The company is maintaining a disciplined capital approach despite various commitments and challenges faced during the year [4] Market and Operational Outlook - The company is experiencing stabilization in its Puerto Rico operations, with a focus on improving market share and expanding revenue streams [6][9] - The fixed-to-mobile convergence strategy is expected to enhance ARPU and reduce churn, with significant growth opportunities identified in 2026 and beyond [27][29] - The company is actively working on separating Liberty Puerto Rico from Liberty Latin America Ltd. to enhance operational efficiency [8] Strategic Initiatives - The company is engaged in a liability management exercise with creditors, aiming to improve its leverage profile [7][8] - Partnerships with AWS are being leveraged to enhance internal operations and customer offerings, with ongoing investments in regional data centers [20][22] - The company is focused on translating AI initiatives into tangible free cash flow improvements, with ongoing trials and implementations [23][24]

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 ...

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 ...

Revenue Performance - Liberty Latin America reported Q4 2025 revenue of $1,160 million, a 1% increase year-over-year, and FY 2025 revenue of $4,442 million, a slight decline of 1% compared to FY 2024[5]. - C&W Panama achieved a revenue growth of 10% year-over-year in Q4 2025, driven by a 24% increase in B2B revenue[10]. - Liberty Puerto Rico's revenue decreased by 4% year-over-year in Q4 2025, attributed to challenges in mobile network migration[12]. - Total revenue for the Cable & Wireless Borrowing Group was $692.8 million for the three months ended December 31, 2025, representing a 4% increase from $667.3 million in the prior quarter[34]. - Liberty Puerto Rico's revenue for the three months ended December 31, 2025, was $301.3 million, a 4% decrease from $314.1 million in the prior year[36]. - Liberty Costa Rica reported a revenue of CRC 318.4 billion for the year ended December 31, 2025, representing a 1% increase compared to CRC 315.8 billion in 2024[39]. Adjusted OIBDA - Adjusted OIBDA for Q4 2025 was $451 million, reflecting an 8% increase year-over-year, while FY 2025 Adjusted OIBDA reached $1,706 million, a 9% increase from FY 2024[5]. - Adjusted OIBDA for the year ended December 31, 2025, increased by 9% on both a reported and rebased basis compared to the prior year, with Q4 growth at 8%[14]. - C&W Panama's Adjusted OIBDA rose by 18% on both a reported and rebased basis, driven by strong B2B project revenue[14]. - Liberty Puerto Rico's Adjusted OIBDA increased by 26% on both a reported and rebased basis, despite a revenue decline[14]. - Total Adjusted OIBDA for Q4 2025 was $451.3 million, up from $418.2 million in Q4 2024, reflecting an 8% increase[14]. - Adjusted OIBDA for the Cable & Wireless Borrowing Group rose by 4% to $321.6 million, compared to $307.8 million in the previous quarter[34]. Operating Income - Operating income for Q4 2025 improved to $126 million, a 6% increase from $119 million in Q4 2024, and for FY 2025, it was $108 million compared to a loss of $77 million in FY 2024[5]. - Operating income for Liberty Puerto Rico improved significantly to $17.8 million, compared to a loss of $16.8 million in the same quarter last year, marking a 206% increase[36]. - Operating income less property and equipment additions was $(95) million for Q4 2025, an improvement from $(122) million in Q4 2024[19]. Capital Expenditures - Capital expenditures for Q4 2025 were $220 million, representing an 8% decrease from $240 million in Q4 2024, with capital intensity at 19% of revenue[5]. - Capital expenditures for the year ended December 31, 2025, totaled $500.0 million, down from $540.4 million in 2024[17]. - Property and equipment additions as a percentage of revenue were 14.4% for the year ended December 31, 2025, compared to 16.3% in 2024[17]. - Property and equipment additions for the year ended December 31, 2025, were $640.1 million, down from $725.3 million in 2024, suggesting a reduction in capital expenditures[67]. Debt and Leverage - Consolidated debt and finance lease obligations amounted to $8.35 billion as of December 31, 2025[23]. - The consolidated leverage ratio was 4.7x, with a net leverage ratio of 4.3x as of December 31, 2025[23]. - The total carrying amount of debt for C&W was $4.8625 billion as of December 31, 2025, with a net carrying amount of debt of $4.355 billion after accounting for cash and cash equivalents[35]. - The Covenant Proportionate Net Leverage Ratio for C&W was reported at 3.5x, calculated based on annualized Covenant EBITDA[35]. - The Covenant Consolidated Net Leverage Ratio for Liberty Puerto Rico was 14.0x as of December 31, 2025, calculated based on annualized Covenant EBITDA[38]. - The consolidated net leverage ratio as of December 31, 2025, was 4.3x, down from 4.6x on September 30, 2025[88]. Customer Metrics - The total customer base decreased to 1,834,900 in Q4 2025, with organic customer losses of 66,600[7]. - Liberty Caribbean's total subscriber count reached 6,794,000 as of December 31, 2025, with a total of 4,692,600 fixed-line and mobile subscribers[41]. - The number of mobile subscribers increased to 3.5 million, reflecting a growth of 5% year-over-year[52]. - Liberty Puerto Rico experienced a decline of 7,300 RGUs in the quarter ended December 31, 2025, primarily due to the impact of Hurricane Melissa[42]. Cash Flow - The company reported a record fourth quarter in Adjusted Free Cash Flow (FCF) of $278 million, compared to $196 million in Q4 2024[5]. - Adjusted Free Cash Flow for the year was reported at $800 million, highlighting strong cash generation capabilities[63]. - Adjusted Free Cash Flow (Adjusted FCF) for the three months ended December 31, 2025, was $233.8 million, up from $163.2 million in the same period of 2024, representing a 43% increase[70]. - Net cash provided by operating activities for the year ended December 31, 2025, was $805.9 million, compared to $756.3 million in 2024, reflecting a growth of 6.5%[70]. Future Outlook - The company is focused on organic growth and cash flow expansion, with a strategic agreement with Amazon Web Services aimed at enhancing product offerings in the region[3]. - Future guidance indicates expected revenue growth of 5-7% for the upcoming fiscal year, driven by increased customer acquisition and retention strategies[67]. - The LPR Acquisition, completed on September 3, 2024, is expected to impact future revenue and Adjusted OIBDA positively, although specific projections were not provided[74].

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 ...

Industry Overview - The Zacks Wireless National industry is facing challenges such as high capital expenditures for infrastructure upgrades, tariff uncertainty, supply-chain disruptions due to geopolitical tensions, and high customer inventory levels [1][6] - Despite these challenges, the industry is expected to benefit from accelerated 5G deployment and extensive fiber densification in the long run [1] Key Players - Verizon Communications Inc. is likely to gain from increased demand for scalable infrastructure, focusing on 5G mobile networks and fixed wireless broadband [2][14] - AT&T Inc. is benefiting from fiber convergence and increased deployment of mid-band spectrum, with a commitment to closing the digital divide [2][16][17] - Liberty Latin America Ltd. is positioned to leverage its end-to-end communications platform and upgraded infrastructure for enterprise-grade connectivity [2][20] Financial Performance - The Zacks Wireless National industry has underperformed the S&P 500 and the broader Zacks Computer and Technology sector, declining 7.8% over the past year compared to the S&P 500's growth of 15.9% [9] - The industry is currently trading at a trailing 12-month EV/EBITDA of 9.03X, significantly lower than the S&P 500's 17.21X and the sector's 19.40X [12] Market Dynamics - Increased infrastructure spending is eroding short-term profit margins due to aggressive promotional expenses and a decline in linear TV subscribers [4] - The deployment of 5G and fiber networks is expected to enhance customer experience with improved coverage and speed, driven by advancements in technology [5] Investment Outlook - Verizon has a long-term earnings growth expectation of 4.8% and has gained 20.8% in the past year, currently holding a Zacks Rank 3 (Hold) [14] - AT&T has a long-term earnings growth expectation of 11.7% and has gained 12.2% over the past year, also holding a Zacks Rank 3 [17] - Liberty Latin America has gained 11.6% in the past year and holds a Zacks Rank 2 (Buy) [20]

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]