ATN International(ATNI) - 2025 Q1 - Quarterly Results

Financial Performance - Consolidated revenues for Q1 2025 were $179.3 million, a decline of 4$186.8 million in Q1 2024[8] - Adjusted EBITDA increased by 2% to $44.3 million in Q1 2025, compared to$43.5 million in the same quarter last year[12] - Net loss attributable to ATN stockholders was $(8.9) million, or$(0.69) per share, compared to a net loss of $(6.3) million, or$(0.50) per share in Q1 2024[11] - Total revenue for Q1 2025 was $179.294 million, a decrease of 4.0$186.794 million in Q1 2024[37] - Communications services revenue was $174.031 million, down 4.0$181.268 million year-over-year[37] - Operating income for Q1 2025 was $2.667 million, compared to$4.574 million in Q1 2024, reflecting a decline of 41.7%[37] - Basic and diluted net income (loss) per share was $(0.69) for Q1 2025, compared to$(0.50) in Q1 2024[37] - Adjusted EBITDA for Q1 2025 was $44,339 million, compared to$43,518 million in Q1 2024, reflecting a year-over-year increase of 1.9%[45] - Total operating expenses for Q1 2025 were $176,627 million, up from$182,220 million in Q1 2024, indicating a decrease of 3.2%[41] - The company reported an operating income of $2,667 million for Q1 2025, compared to$4,574 million in Q1 2024, representing a decline of 41.8%[41] Cash Flow and Capital Expenditures - Net cash provided by operating activities increased by 55% to $35.9 million in Q1 2025, compared to$23.2 million in Q1 2024[19] - Capital expenditures for Q1 2025 were $20.8 million, down from$36.0 million in the prior year period[19] - Net cash provided by operating activities was $35.905 million for Q1 2025, an increase from$23.176 million in Q1 2024[39] - Capital expenditures for Q1 2025 were $20.832 million, down from$36.016 million in the same period last year[39] - The company reported a net change in total cash, cash equivalents, and restricted cash of $8.015 million for the quarter, ending with a total of$97.259 million[39] Assets and Liabilities - Total assets decreased to $1.707 billion as of March 31, 2025, from$1.727 billion at the end of 2024[35] - Total liabilities were $1.049 billion as of March 31, 2025, slightly down from$1.055 billion at the end of 2024[35] - Total current assets as of March 31, 2025, were $305,707 million, slightly down from$309,161 million at the end of 2024[41] - Total debt, including the current portion, was $562,384 million as of March 31, 2025, compared to$557,356 million at the end of 2024, showing a slight increase[48] - The company’s total assets were $1,707,449 million as of March 31, 2025, compared to$1,727,103 million at the end of 2024, reflecting a decrease[48] Debt Management - The net debt ratio was 2.52x as of March 31, 2025, compared to 2.54x at the end of 2024[18] - The net debt ratio improved to 2.52 as of March 31, 2025, down from 2.54 at the end of 2024, indicating better leverage management[48] Subscriber Growth - High-speed broadband homes passed increased by 11% to 427,300 in Q1 2025[16] - Total high-speed subscribers grew by 2% to 141,300 in Q1 2025[16] Future Outlook - For full year 2025, revenue excluding construction revenue is expected to align with last year's result of $725 million[23] - Adjusted EBITDA for full year 2025 is expected to be essentially flat with the prior year result of$184 million[23] Non-controlling Interests - The company reported a net income attributable to non-controlling interests of $2,459 million for Q1 2025, compared to$1,633 million in Q1 2024, indicating an increase of 50.6%[41]