Liberty Latin America Ltd. President and CEO Nair Balan reported a series of equity compensation transactions. He received new grants of 206,452 Restricted Share Units tied to Class A shares, 412,904 RSUs tied to Class C shares, 390,244 Share Appreciation Rights on Class A at $7.58, and 780,488 SARs on Class C at $7.77.
Separately, he exercised equity awards covering 648,364 shares, converting them into Class A and Class C common shares. To cover tax obligations, 281,349 Class C shares were withheld at $7.77 per share. Following these transactions, he directly holds 1,363,173 Class A and 1,804,796 Class C common shares, plus additional indirect Class C holdings through a 401(k) plan and an IRA.
Liberty Latin America’s SVP and CFO Christopher J. Noyes reported a series of equity compensation transactions. On March 13, 2026, he received 64,516 Restricted Share Units A and 129,032 Restricted Share Units C, plus 121,951 Share Appreciation Rights A at $7.58 and 243,902 Share Appreciation Rights C at $7.77 per share. These awards vest in three equal annual installments on March 15, 2027, 2028 and 2029.
On March 15, 2026, previously granted RSUs were exercised into Class A and Class C common shares, and 133,198 shares were withheld at prices around $7.58 and $7.77 to cover tax obligations, not as open-market sales. Following these transactions, Noyes directly holds 259,121 Class A and 607,236 Class C common shares, and indirectly holds 40,000 Class A and 19,517 Class C shares through IRA and 401(k) accounts.
Liberty Latin America Ltd. SVP, CT&PO Aamir Hussain reported equity awards and option-style exercises. On March 13, 2026, he received grants of 58,065 Restricted Share Units tied to Class A common shares, 116,130 RSUs tied to Class C common shares, 109,756 Share Appreciation Rights on Class A at an exercise price of $7.58, and 219,512 SARs on Class C at $7.77, all vesting in three equal annual installments beginning March 15, 2027.
On March 15, 2026, he exercised previously granted RSUs, acquiring a combined 194,133 Class A and Class C common shares at a reported price of $0.00 per share. Following these exercises, his direct holdings increased to 213,959 Class A common shares and 393,754 Class C common shares. The filing shows no open-market sales or tax-withholding dispositions, indicating routine compensation-related equity activity.
Liberty Latin America SVP, CLO and Secretary John M. Winter reported a series of stock-based compensation transactions. On March 13, 2026, he received grants of 51,613 Restricted Share Units tied to Class A shares and 103,226 Restricted Share Units tied to Class C shares, plus 97,561 Class A Share Appreciation Rights at an exercise price of $7.58 and 195,122 Class C Share Appreciation Rights at $7.77. These awards vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
On March 15, 2026, previously granted Restricted Share Units vested and were converted into 172,561 Class A and Class C common shares through derivative exercises. To cover tax obligations, 89,321 Class A and Class C shares were withheld at prices of $7.58 and $7.77. After these transactions, Winter directly holds 137,188 Class A common shares and 447,565 Class C common shares, along with indirect holdings of 176 Class C shares through an IRA and 18,147 Class C shares through a 401(k) plan.
Liberty Latin America Ltd. managing director and chief accounting officer Brian D. Zook reported equity compensation activity, mainly exercising restricted share units and receiving new share-based awards. On March 15, 2026, he exercised RSUs that delivered 5,700 and 7,218 Class A common shares and 11,401 and 14,436 Class C common shares.
To cover tax obligations, 1,639 and 2,076 Class A shares at $7.58 and 3,278 and 4,151 Class C shares at $7.77 were withheld, rather than sold in the open market. After these transactions, he directly holds 16,016 Class A shares and 33,168 Class C shares, plus additional indirect holdings through an IRA and a 401(k) plan.
Separately on March 13, 2026, he received grants of 16,768 Share Appreciation Rights tied to Class A shares at an exercise price of $7.58 and 33,536 Share Appreciation Rights tied to Class C shares at $7.77, expiring on March 13, 2036. These SARs vest in three equal installments on March 15 of 2027, 2028 and 2029.
Liberty Latin America director Curtis Miranda reported equity compensation activity involving restricted share units and common shares. On March 13, 2026, he received 6,452 Restricted Share Units A and 12,904 Restricted Share Units C, each representing the right to receive one corresponding common share at settlement.
On March 15, 2026, previously awarded RSUs were exercised, delivering 7,477 Class A and 14,954 Class C common shares. To cover tax obligations, 359 Class A shares at $7.58 and 718 Class C shares at $7.77 were withheld and disposed of. After these transactions, Miranda directly holds 39,009 Class A and 83,171 Class C common shares.
Liberty Latin America Ltd. managing director and chief accounting officer Brian D. Zook reported open-market sales of company stock. On February 20, 2026, he sold 33,899 Class A Common Shares at a weighted average price of $7.9732 and 60,595 Class C Common Shares at a weighted average price of $8.0709.
After these sales, he directly held 6,813 Class A and 14,760 Class C shares. Indirectly, he also held 93 Class A and 1,312 Class C shares through an IRA, and 17,411 Class C shares through a 401(k) plan, which included 3,783 shares contributed by the company as of February 20, 2026.
Liberty Latin America reported Q4 2025 revenue of $1.16 billion, up 1% year over year, and full-year revenue of $4.44 billion, roughly flat versus 2024. Full-year Adjusted OIBDA rose 9% to $1.71 billion, with margin improving to 38.4% from 35.2%, driven by cost reductions across segments.
Operating income swung to $108.2 million in 2025 from a $76.8 million loss in 2024. Adjusted free cash flow increased to $76.4 million from $61.2 million, supported by lower capital expenditures of $640.1 million versus $725.3 million and capital intensity reduced to 14% of revenue.
Hurricane Melissa weighed on Liberty Caribbean, with an estimated $20 million negative Q4 revenue impact and 27 million of Adjusted OIBDA headwinds, as 136,000 fixed RGUs and 133,000 homes passed were removed. Offsetting this, C&W Panama, Liberty Networks, and Liberty Puerto Rico delivered strong Adjusted OIBDA growth. Consolidated gross leverage stood at 4.7x and net leverage at 4.3x, with total debt and finance lease obligations of $8.36 billion and cash, cash equivalents and restricted cash related to debt of $796.9 million.
Liberty Latin America Ltd. files its annual report describing a regional communications group operating in over 20 Latin American and Caribbean markets. The company provides fixed broadband, video, telephony, mobile and subsea fiber services, passing about 4.7 million homes with 3.8 million fixed RGUs and 6.8 million mobile subscribers as of December 31, 2025.
Recent strategic moves include a $256 million EchoStar deal for prepaid mobile and spectrum assets in Puerto Rico and the USVI, monetization of about 1,300 mobile towers with Phoenix Tower International, and an agreement to buy an additional 8.5% of Liberty Costa Rica for roughly $84 million. Hurricane Melissa caused significant network damage in Jamaica, reducing about 136,000 fixed RGUs, while the company continues large-scale network upgrades, 5G rollouts and expansion of its subsea and enterprise connectivity business.
Liberty Latin America Ltd. announced it will release its full-year 2025 results on February 18, 2026 after the NASDAQ market close. An investor call will be held the following day at 8:30 a.m. Eastern Time to discuss the company’s results and business.
The call will be accessible via webcast with an investor presentation in the Investor Relations section of its website. Liberty Latin America operates in over 20 Latin American and Caribbean countries, providing digital video, broadband internet, telephony, mobile, and enterprise connectivity services under the BTC, Flow, Liberty and Más Móvil brands.