ATN International (ATNI) investor relations material

Executive summary

• Q3 2025 revenue grew 3% year-over-year to $183.2 million, with net income of $4.3 million and operating income of $9.8 million, reversing a prior-year loss due to a goodwill impairment charge.

• Adjusted EBITDA increased 9% to $49.9 million, reflecting operational improvements and cost containment.

• High-speed broadband homes passed grew 8%, and high-speed subscribers increased 1% year-over-year.

• Leadership emphasized ongoing cost containment, capital efficiency, and confidence in sustainable long-term value creation.

• Focused on expanding fiber and fixed wireless, especially in the US, and enhancing network quality internationally.

Financial highlights

• Q3 2025 total revenues were $183.2 million, up from $178.5 million in Q3 2024.

• Net income attributable to stockholders was $4.3 million ($0.18 per share), compared to a net loss of $32.7 million ($2.26 per share) last year.

• Operating income improved to $9.8 million from a loss of $38.4 million in the prior year, aided by the absence of a $35.3 million goodwill impairment charge.

• Adjusted EBITDA rose to $49.9 million from $45.7 million year-over-year.

• Cash, cash equivalents, and restricted cash increased to $119.6 million as of September 30, 2025.

Outlook and guidance

• 2025 revenue (excluding construction) expected to be in line with 2024's $725 million.

• Adjusted EBITDA for 2025 projected to be flat to slightly above 2024's $184 million.

• Capital expenditures forecasted at $90–$100 million (net of reimbursable expenditures), down from $110.4 million in 2024.

• Net debt ratio expected to remain flat or slightly improve from 2.54x.

• Minor reorganization and restructuring costs anticipated in Q4, less than $1 million.