ATN International Inc. has released its fourth quarter and full year 2025 financial results, showcasing a mixed performance characterized by growth in certain areas while grappling with net losses. The company also provided insights into its expectations for 2026, highlighting potential impacts from a significant upcoming asset sale.

1. Fourth Quarter Highlights

ATN's fourth quarter results indicated a substantial expansion in its high-speed broadband segment. The company reported a 27% increase in high-speed broadband homes passed, reflecting their commitment to enhancing infrastructure and accessibility for customers. Additionally, the total number of high-speed broadband subscribers grew by 3%, indicating steady demand for their services.

In the international mobile sector, ATN also experienced a 3% increase in total subscribers during the fourth quarter, contributing positively to the overall business performance.

Revenue and Income Performance

The company's revenues for the fourth quarter reached $184.2 million, which represents a 2% increase compared to the previous period. However, full-year revenues remained flat at $728.0 million, suggesting that while the fourth quarter showed promise, the overall year did not see significant growth.

Operating income for the fourth quarter rose to $15.7 million, and for the full year, it increased to $28.4 million. This improvement in operating income indicates effective cost management and operational efficiencies.

Despite these positive operating results, ATN reported a net loss of $(3.3) million or $(0.32) per share for the fourth quarter, with a total net loss for the year amounting to $(14.9) million or $(1.38) per share. This performance raises questions about the company’s ability to translate operational efficiency into profitability.

Adjusted EBITDA and Cash Flow

The fourth quarter saw an 8% increase in Adjusted EBITDA to $50.0 million, while the full year's Adjusted EBITDA grew by 3% to $190.0 million. This growth in Adjusted EBITDA signals robust underlying business performance, despite the net losses.

Moreover, the company reported a 5% increase in net cash provided by operating activities, totaling $133.9 million for the year. This increase in cash flow is a positive indicator of the company's operational health.

Capital expenditures for the full year were reported at $90.0 million, net of $84.6 million in reimbursable expenditures, indicating significant investment in infrastructure, which is likely to support future growth.

2. 2026 Outlook

Looking ahead, ATN has set its sights on a strong performance for 2026. The company expects Adjusted EBITDA to be in the range of $190 million to $200 million, although this outlook may be impacted by the pending sale of its U.S. tower portfolio. The initial closing of this asset sale is projected for the second quarter of 2026, and it could reduce the Adjusted EBITDA outlook by $6 million to $8 million.

In terms of capital expenditures, ATN anticipates spending between $105 million and $115 million in 2026, net of reimbursable expenditures. This planned investment reflects the company’s ongoing commitment to enhancing its service offerings and infrastructure.

3. Conclusion

While ATN International Inc. faced challenges in achieving profitability in 2025, the growth in its broadband and mobile subscriber bases, coupled with improvements in operating income and Adjusted EBITDA, highlight a company in transition. The outlook for 2026, particularly with the anticipated tower portfolio sale, presents both opportunities and uncertainties as ATN looks to navigate a dynamic market landscape. Investors and stakeholders will be closely monitoring the company’s ability to capitalize on its operational strengths while addressing its financial challenges in the upcoming year.

Original press release