Short answer
Liberty Latin America Ltd. (LILAK) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $4.4B (−0.3% year over year) and net income of −$611M.
- Top risk flagged: Regulatory risk: FCC funding reduction in Puerto Rico, impacting fixed/mobile network expansion and NTIA grant funding cut for remote infrastructure
FY2025 key financial metrics · XBRL
- Revenue
- $4.4B
- −0.3% YoY
- Net income
- −$611M
- +7.0% YoY
- Operating margin
- 2.4%
- +3.5 pp YoY
- EPS (diluted)
- −$3.06
- +7.6% YoY
- ROE
- -110.0%
- −51.4 pp YoY
- Operating cash flow
- $806M
- +6.6% YoY
Source: XBRL data from the Liberty Latin America Ltd. (LILAK) FY2025 10-K on SEC EDGAR. USD.
Liberty Latin America Ltd. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Telecommunications services including mobile data using licensed spectrum across Caribbean and Latin America
- Emphasis on spectrum acquisition challenges for LTE and 5G networks, with active regulatory engagement for licensure renewals in Costa Rica (2026), Antigua and Barbuda, and ECTEL states
- Strategic focus on selective acquisitions to leverage regional networks and expertise, noting integration challenges in the AT&T Acquisition
- Total debt $8,359 million with $7,950 million due post-2027, highlighting substantial leverage and refinancing risks
- Ongoing discussions with creditors concerning Liberty Puerto Rico’s liabilities, indicating financial uncertainty specific to this filing year
Management Discussion & Analysis
- Revenue impact Q4 2025 from Hurricane Melissa: approximately -$20M, with ongoing revenue decline expected in 2026 due to offline fixed services
- Adjusted OIBDA reduced by about $27M in Q4 2025 due to hurricane effects
- Received $81M net Weather Derivatives payment in 2025, recorded as derivative gain and cash inflow
- Homes passed reduced by 133,000 and RGUs decreased by approx. 136,000 from hurricane damage and outage
- Management focuses on broadband and mobile growth, organic revenue growth targets via bundling and network upgrades, maintaining prudent debt levels
Risk Factors
- Regulatory risk: FCC funding reduction in Puerto Rico, impacting fixed/mobile network expansion and NTIA grant funding cut for remote infrastructure
- Macroeconomic threat: FX losses of $4.6M impacting consolidated revenue and costs across multi-currency segments in Latin America
- Operational vulnerability: Significant hurricane impacts (Melissa, Beryl, Ernesto) causing subscriber and revenue churn, particularly in Liberty Caribbean and Puerto Rico segments
- Competitive risk: Customer migration and lower ARPU from competitors exiting Panama market in 2024; downward pressure on video and fixed-line telephony ARPU
- Financial risk: Noncontrolling interests in subsidiaries reduce consolidated earnings control, with possible earnings volatility from minority owner actions
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.