Liberty Latin America Reports Q4 and FY 2025 Results: A Year of Recovery and Growth

On February 18, 2026, Liberty Latin America Ltd. (NASDAQ: LILA; LILAK), a leading telecommunications provider in the Caribbean and Latin America, announced its financial and operational results for the fourth quarter (Q4) and full year (FY) ending December 31, 2025. CEO Balan Nair emphasized the strong commercial momentum achieved throughout the year, particularly highlighting robust growth in the residential mobile sector and the business-to-business (B2B) operations.

In Q4 2025, Liberty Latin America reported a revenue of $1.160 billion, a modest year-over-year increase of 1% from $1.148 billion in Q4 2024. For the full year, revenues totaled $4.442 billion, down slightly from $4.447 billion in FY 2024, representing a 1% decline.

The company recorded an operating income of $126 million for Q4, an increase of 6% from $119 million in the same quarter of 2024. For the full year, operating income surged to $108 million, a dramatic recovery from a loss of $77 million in FY 2024, marking a 241% improvement.

Adjusted OIBDA (Operating Income Before Depreciation and Amortization) was reported at $451 million for Q4 2025, reflecting an 8% increase from $418 million in Q4 2024. For the entire year, Adjusted OIBDA reached $1.706 billion, up 9% from $1.565 billion in FY 2024.

Liberty Latin America generated a record Adjusted Free Cash Flow (FCF) of $278 million in Q4 2025, compared to $196 million in the same quarter of 2024. The total Adjusted FCF for FY 2025 was $234 million, significantly higher than $163 million in FY 2024.

Capital expenditures for Q4 were $220 million, down from $240 million in Q4 2024. For the full year, capital expenditures totaled $640 million, a decrease of 12% from $725 million in FY 2024.

Despite facing challenges from Hurricane Melissa, which significantly impacted operations in Jamaica, the Liberty Caribbean segment demonstrated resilience. Q4 revenue decreased by 4%, attributed to the hurricane's adverse effects, while overall year-end revenue saw a marginal 1% decline. The segment's recovery efforts in Jamaica restored mobile services to pre-hurricane levels, and mobile revenues in the region grew by 4%.

C&W Panama showcased impressive performance, with Q4 revenues increasing by 10% year-over-year, propelled mainly by a 24% growth in the B2B segment. The strong revenue growth at C&W Panama contributed positively to Liberty Latin America's overall performance.

This segment reported an 18% increase in revenue for Q4, driven by successful contract bids and ongoing subsea capacity projects. The focus on infrastructure expansion positions Liberty Networks favorably for future growth.

In Liberty Puerto Rico, Q4 revenue was down 4% due to challenges in the B2B sector and residential mobile service migrations. However, Adjusted OIBDA improved significantly by 26% year-over-year, supported by cost management initiatives.

Liberty Costa Rica reported flat revenue for Q4, with minor declines in the B2B sector; however, it achieved record mobile postpaid additions, driving momentum for the group.

Nair expressed optimism about 2026 as the company continues to implement efficiency initiatives and focus on organic growth, cash flow expansion, and unlocking value in its equity. The recovery from Hurricane Melissa remains a priority, with efforts to rebuild fixed networks in Jamaica and enhance service offerings.

The company is also excited about its strategic partnership with Amazon Web Services, aiming to bring enhanced products and services to customers across the region.

Liberty Latin America's Q4 and FY 2025 results reflect a year characterized by significant recovery and growth across various segments, despite facing operational challenges. The company's strategic focus on infrastructure development, customer service enhancements, and technology partnerships positions it well for continued success in the evolving telecommunications landscape of Latin America and the Caribbean.