Liberty Latin America Reports Strong Q1 in Select Regions, Withdraws Mid-Term Outlook

DENVER, Colorado – Liberty Latin America Ltd. (NASDAQ: LILA and LILAK) has announced its financial and operating results for the three months ended March 31, 2025.

The announcement details that CEO Balan Nair reported, “In a number of regions, we have started 2025 in strong health. Across C&W Caribbean, C&W Panama and Liberty Costa Rica, we added close to 60,000 organic broadband and postpaid mobile net subscriber additions, a greater than 50% increase compared to Q4.”

Key highlights from the announcement include:

• C&W Caribbean: Record Adjusted OIBDA for the quarter, driven by strong postpaid mobile adds, and prepaid price increases, primarily in Jamaica. Adjusted OIBDA margin up over 600 basis points YoY to 48% on strong cost reduction.
• C&W Panama: Strongest reported and rebased revenue growth across the group at 5% YoY. YoY rebased Adjusted OIBDA growth of 15%.
• Liberty Networks: solid rebased revenue growth of 3% YoY
• Liberty Puerto Rico: mobile turnaround slower than expected, fixed sequentially stable
• Liberty Costa Rica: solid quarter with rebased revenue growth of 2% YoY. Mobile revenue supported by continued prepaid-to-postpaid migration strategy

Q1 2025 Financial Highlights:

• Revenue: $1,084 million, (1%) YoY
• Operating income: $128 million
• Adjusted OIBDA: $407 million, 8% YoY rebased
• Adjusted FCF: $(133) million
• Property & equipment additions as a percentage of revenue: 11%

Operating Highlights:

• Total customers: 1,938,500
• Organic internet additions: 7,300
• Organic postpaid additions: 36,400

Revenue Highlights:

• C&W Caribbean: $363.9 million
• C&W Panama: $177.0 million
• Liberty Networks: $110.4 million
• Liberty Puerto Rico: $298.4 million
• Liberty Costa Rica: $158.2 million

The following subscriber metrics were shared:

• Liberty Costa Rica—(1,184,000)— This represents an adjustment to our prepaid subscriber base primarily resulting from the closer alignment of our subscriber recognition policies with the local regulator’s definitions.
• C&W Caribbean: Jamaica – Strong postpaid mobile adds, and prepaid price increases
• Liberty Puerto Rico – (125,000) – Represents the removal of Corporate Responsible Users (CRUs) from our postpaid subscriber base resulting in consistent presentation and ARPU calculations across our operations

Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean.

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