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Balan Nair, the CEO of Liberty Latin America Ltd., recently discussed the company’s financial performance for the full year of 2025. Nair highlighted the disciplined approach the company took in terms of P&E additions, with a total investment of $640 million in 2025, representing a reduction in percentage of revenue compared to the previous year. This, combined with improved adjusted OIBDA performance and margins, led to a significant growth in adjusted OIBDA less P&E additions of $1.1 billion in 2025, a 27% year-over-year increase.
Adjusted free cash flow before partner distributions also saw a robust growth, with a 29% increase in 2025 compared to the previous year. This improvement was driven by expansion in adjusted OIBDA less P&E additions, as well as net proceeds from a parametric program that helped mitigate the impact of Hurricane Melissa. The company expects a $100 million impact from the storm on adjusted FCF in 2026, with a goal to return to pre-hurricane levels by year-end.
In terms of capital structure, Liberty Latin America Ltd. has total debt of $8.4 billion, with liquidity of $800 million in cash and $900 million in credit line availability. The company has been actively managing its leverage levels, with a focus on improving its leverage profile. Additionally, the company is working on separating LPR and Liberty Latin America Ltd., with updates expected in the near future.
Looking ahead, Nair outlined the company’s strategic vision for 2026, focusing on driving organic growth, cost reduction, investments in projects like Manta, and partnerships with AWS. The company expects financial performance to be heavily weighted towards the second half of the year, with a focus on generating free cash flow and unlocking value for shareholders.
In conclusion, Nair expressed confidence in the company’s ability to overcome challenges and deliver strong results in the coming years. The company remains committed to creating value for shareholders and is focused on executing its strategic priorities for 2026 and beyond.
Overall, Liberty Latin America Ltd. has shown resilience and a strong financial performance in 2025, with a clear focus on driving growth and delivering value for shareholders. The company’s disciplined approach to investment and cost management, coupled with strategic initiatives for the future, position it well for continued success in the telecommunications industry.
