Record Annual Revenue
Reported total revenue of $1.0 billion for the fiscal year, a 3% increase year-over-year, and flat revenue of $262 million in the fourth quarter versus the prior year quarter.
Record Adjusted OIBDA
Adjusted OIBDA reached a record $403 million for the full year, up 12% year-over-year; fourth-quarter adjusted OIBDA was $90 million, up 7% year-over-year.
Material Free Cash Flow Improvement
Generated $146 million of free cash flow for the full year, increasing by over 70% compared to 2024, driven by record financial growth and positive working capital swings.
Successful Capital Raise
Completed a fully subscribed rights offering, producing approximately $300 million in net proceeds; year-end consolidated cash, cash equivalents, and restricted cash totaled $429 million (inclusive of offering proceeds).
Business Segment Strength
Business revenue grew 7% for the full year and 1% in the fourth quarter; business gross margin increased to 80.1% for the year (78.3% in Q4), supported by a strong upgrade cycle.
Wireless & Convergence Progress
Consumer wireless lines grew ~2% year-over-year to 199,000 consumer lines (207,500 total wireless lines including 8,500 business lines). Postpaid lines peaked at 165,400 and 62% of postpaid lines are sold as part of a bundle (up from 57% at end of 2024).
Network Upgrades & Service Expansion
Progressing DOCSIS 4.0-capable HFC and wireless upgrades: offering 2.5 Gbps where fiber middle mile exists, upgrading Anchorage core (1.8 GHz plant, reduced node sizes) with plans to scale to 5 Gbps and beyond.
Buildout & BEAD Funding Potential
Completed iHUC one net network build-out to deliver 2.5 Gbps to Delta; provisionally awarded approximately $120 million in BEAD funds by the State of Alaska (subject to NTIA approval) to offset capital costs for expansion.
Operational Resilience
Rapid restoration after outages: Dutch Harbor fiber break repaired in under two weeks; Typhoon Helong service to two villages fully restored in under four months; fiber on a third-party network was fully restored during 2025.