ATN | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 183.17 M

Revenue: As of FY2025 Q3, the actual value is USD 183.17 M, beating the estimate of USD 182.4 M.

EPS: As of FY2025 Q3, the actual value is USD 0.18, beating the estimate of USD -0.06.

EBIT: As of FY2025 Q3, the actual value is USD 21.3 M.

Revenue: Increased by $0.8 million, or 0.8%, to $95.1 million for the three months ended September 30, 2025, compared to the same period in 2024.
Operating Expenses: Decreased by $4.3 million, or 5.3%, to $77.1 million for the three months ended September 30, 2025, compared to the same period in 2024, due to cost savings initiatives.
Operating Income: Increased by $5.2 million, or 40.3%, to $18.1 million for the three months ended September 30, 2025, compared to the same period in 2024.

Revenue: Increased by $3.8 million, or 4.5%, to $88.0 million for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to increases in Fixed revenue, Carrier Service revenue, Construction revenue, and Managed Services revenue.
Operating Expenses: Decreased by $40.9 million, or 31.8%, to $87.6 million for the three months ended September 30, 2025, compared to the same period in 2024, due to the absence of goodwill impairment and cost savings initiatives.
Operating Income: Increased to $0.4 million from a loss of $44.3 million for the three months ended September 30, 2025, compared to the same period in 2024.

Operating Cash Flow: Net cash provided by operating activities was $97.7 million for the nine months ended September 30, 2025, compared to $97.5 million for the same period in 2024.
Investing Cash Flow: Net cash used in investing activities was $66.1 million for the nine months ended September 30, 2025, compared to $66.4 million for the same period in 2024.
Financing Cash Flow: Net cash used in financing activities was $1.2 million for the nine months ended September 30, 2025, compared to net cash provided by financing activities of $23.5 million for the same period in 2024.

Core Business Focus: The company plans to invest between $90 million to $100 million in non-reimbursable capital expenditures for network expansion and upgrades in 2025, aiming to drive subscriber and revenue growth.
Non-Core Business: The company is exploring opportunities to expand its telecommunications business or acquire new businesses in the United States, the Caribbean, and elsewhere, which may require external financing.

Replace and Remove Program: The company has incurred total expenditures of $213.7 million related to this project, of which $45.3 million were incurred in 2025. Of these total expenditures, $177.4 million were classified as capital.