ATN International, Inc. Reports Second Quarter 2026 Results; Announces Increased Repurchase Authorization; and Reaffirms 2026 Outlook

About this update from Atn International, Inc.

Delivers year-over-year revenue growth of 2% and Adjusted EBITDA 1 growth of 9% Receives $268 million in cash at the initial closing of the US Tower Portfolio Sale 4 Increases share repurchase authorization to $30 million BEVERLY, Mass. , Aug. 05, 2026 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN,” the “Company,” “we,” “us,” and “our”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, today reported financial results for the second quarter ended June 30, 2026 . ATN’s management will host a conference call and webcast tomorrow, August 6, 2026 , beginning at 11:00 a.m. Eastern Time to review these results. “Our second quarter results demonstrate the continued strength and resilience of our business. We delivered growth in both total revenue and Adjusted EBITDA, with profitability outpacing sales growth, reflecting improving operating leverage,” said Naji Khoury , ATN’s Chief Executive Officer. “In my first several months, I have had the opportunity to visit our markets, meet with team members, customers, stakeholders, and investors, and spend meaningful time understanding the strength of our platform. We have experienced management teams, capable operating organizations, strong infrastructure assets and customer relationships that have been built over many years, which provide a solid foundation to further optimize our operations.” Mr. Khoury added, “During the quarter, we completed the initial closing of the sale of our US tower portfolio and entered into an agreement to sell certain US spectrum licenses, demonstrating our ability to unlock value from our infrastructure assets as the tower transaction multiple far exceeded our current trading multiple. Additionally, in June our Board increased both the quarterly cash dividend, and the Company’s share repurchase authorization, reflecting our confidence in the outlook for the business, the strength of our financial position, and our commitment to disciplined capital allocation to create long-term shareholder value.” Second Quarter 2026 Operating and Financial Highlights (as compared to the Second Quarter 2025) High-speed broadband homes passed expanded by 21% to 523,400, supported by fixed wireless deployments in the second half of 2025 Total high-speed broadband customers grew 1% to 140,900 Revenue increased 2% to $184.5 million , driven by growth in both the International and US Telecom segments Operating income increased to $239.7 million , primarily due to a $229.9 million gain from the initial closing of the US Tower Portfolio Sale 4 Net cash provided by operating activities decreased 11% to $53.5 million , reflecting movements in operating cash related to the US Tower Portfolio sale 4 Adjusted EBITDA 1 increased $4.0 million , or 9%, to $49.7 million and Adjusted EBITDA Margin 1 improved from 25.3% to 27.0% Net Debt Ratio 3 improved to 0.91x from 2.36x on December 31, 2025 Second Quarter 2026 Financial Results ( as compared to the second quarter 2025 ) Consolidated revenues were $184.5 million , up $3.2 million , or 2% versus $181.3 million . The increase was primarily driven by carrier services revenues and market demand for fixed and other ancillary services, which offset year-over-year declines in fixed consumer revenues primarily related to the previously disclosed loss of a government subsidy, and lower construction revenues. Operating income was $239.7 million versus $0.2 million in the year-ago quarter. The increase reflects a $229.9 million gain recorded on the initial closing of the US Tower Portfolio Sale 4 , and the above-mentioned revenue growth as well as lower restructuring and reorganization and depreciation and amortization expenses. Net income attributable to ATN stockholders was $167.3 million , or $10.71 per diluted share, versus a net loss of $(7.0) million , or $(0.56) per share. Adjusted EBITDA 1 was $49.7 million , up $4.0 million , or 9%, from $45.8 million in the year-ago quarter and Adjusted EBITDA Margin 1 expanded to 27.0% from 25.3%. The increase was primarily driven by higher revenues and cost efficiencies. US Tower Portfolio Sale 4 On June 2, 2026 , the Company completed the initial closing of the sale of its southwestern US tower portfolio (the “US Tower Portfolio Sale”) 4 to an affiliate of Everest Infrastructure Partners, Inc. and received $267.7 million in cash. The Company may receive up to an additional $29.6 million in cash consideration at subsequent closings expected to occur over the next ten months subject to the satisfaction or waiver of specified construction and operational conditions related to tower sites deferred at the initial closing. 2026 Full-Year Outlook: The Company reaffirms its previously updated financial outlook for full-year 2026, reflecting the impact of the initial closing of the US Tower Portfolio Sale 4 , as follows: Adjusted EBITDA 2 is expected to be in the range of $183 million to $193 million Capital expenditures are expected to be in the range of $105 to $115 million (net of reimbursable expenditures) Segment Operating Results (in Thousands) The Company recorded financial results in three categories: (i) International Telecom ; (ii) US Telecom ; and (iii) Corporate and Other. For Three Months Ended June 30, 2026 and 2025                       2026   2025   2026   2025     2026     2025     2026   2025   International International US US Corporate and Corporate and Total Total   Telecom Telecom Telecom Telecom Other* Other* ATN ATN Total Revenue: $ 96,196 $ 94,894 $ 88,308 $ 86,406   $ -   $ -   $ 184,504 $ 181,300 Mobility   27,138   26,323   -   8     -     -     27,138   26,331 Fixed   60,519   61,749   52,364   51,359     -     -     112,883   113,108 Carrier Services   3,549   3,423   32,793   29,806     -     -     36,342   33,229 Construction   -   -   779   2,216     -     -     779   2,216 All other   4,990   3,399   2,372   3,017     -     -     7,362   6,416                   Operating Income (Loss) $ 21,917 $ 16,221 $ 224,192 $ (5,533 ) $ (6,378 ) $ (10,455 ) $ 239,731 $ 233 EBITDA (1) $ 36,146 $ 31,626 $ 240,289 $ 13,292   $ (6,052 ) $ (9,596 ) $ 270,383 $ 35,322 Adjusted EBITDA (1) $ 35,485 $ 33,274 $ 19,088 $ 18,262   $ (4,829 ) $ (5,744 ) $ 49,744 $ 45,792 Capital Expenditures** $ 6,142 $ 9,466 $ 11,099 $ 11,718   $ 1   $ -   $ 17,242 $ 21,184                                     For Six Months Ended June 30, 2026 and 2025                       2026   2025   2026   2025     2026     2025     2026   2025   International International US US Corporate and Corporate and Total Total   Telecom Telecom Telecom Telecom Other* Other* ATN ATN Total Revenue: $ 192,254 $ 189,390 $ 174,468 $ 171,204   $ -   $ -   $ 366,722 $ 360,594 Mobility   53,497   52,363   -   46     -     -     53,497   52,409 Fixed   121,105   123,115   104,445   103,019     -     -     225,550   226,134 Carrier Services   7,747   7,326   64,682   59,033     -     -     72,429   66,359 Construction   -   -   779   3,262     -     -     779   3,262 All other   9,905   6,586   4,562   5,844     -     -     14,467   12,430                   Operating Income (Loss) $ 41,139 $ 30,970 $ 225,929 $ (7,948 ) $ (15,648 ) $ (20,122 ) $ 251,420 $ 2,900 EBITDA (1) $ 69,185 $ 62,004 $ 259,139 $ 30,135   $ (14,598 ) $ (18,397 ) $ 313,726 $ 73,742 Adjusted EBITDA (1) $ 69,774 $ 65,665 $ 38,578 $ 35,774   $ (9,991 ) $ (11,308 ) $ 98,361 $ 90,131 Capital Expenditures** $ 14,404 $ 20,269 $ 23,854 $ 21,745   $ 1   $ 2   $ 38,259 $ 42,016                   * Corporate and Other refer to corporate overhead expenses and consolidating adjustments. ** Excludes reimbursable government capital program amounts. Operating Metrics Operating Metrics                 2026 2026 2025 2025 2025 Q2 2026   Q2 Q1 Q4 Q3 Q2 vs. Q2 2025               High-Speed* Broadband Homes Passed 523,400   523,300   522,900   512,300   432,300   21 % High-Speed* Broadband Customers 140,900   143,200   142,700   139,300   139,400   1 %               Fiber Route Miles 12,224   12,218   12,210   12,062   11,957   2 %               International Mobile Subscribers             Pre-Paid 322,700   323,900   331,100   325,800   325,900   -1 % Post-Paid 63,900   63,000   62,200   61,900   60,700   5 % Total 386,600   386,900   393,300   387,700   386,600   0.0 %               Mobile Blended Churn 3.48 % 3.60 % 2.97 % 3.19 % 3.09 %                 *High-Speed Broadband is defined as download speeds 100 Mbps or greater and High-Speed Broadband Customers as subscribers connected to our high-speed networks regardless of the speed of plan selected. Note: Data presented may differ from prior periods to reflect more accurate data and/or changes in calculation methodology and process. Balance Sheet and Cash Flow Highlights As of June 30, 2026 , cash, cash equivalents, and restricted cash totaled $331.9 million versus $117.2 million as of December 31, 2025 . Total debt was $513.3 million on June 30, 2026 , compared to $565.2 million on December 31, 2025 . The Company’s Net Debt Ratio 3 was 0.91x on June 30, 2026 . Net cash provided by operating activities was $53.5 million for the six months ended June 30, 2026 , compared to net cash provided by operating activities of $59.8 million in the same period last year. The year-over-year decrease was primarily due to operating cash movements related to the US Tower Portfolio Sale 4 . Capital expenditures were $38.3 million , net of $27.0 million of reimbursable capital expenditures, for the six months ended June 30, 2026 , as compared to $42.0 million , net of $45.9 million of reimbursable capital expenditures, in the same period last year. Quarterly Dividends and Share Repurchases On July 8, 2026 , the Company paid a quarterly dividend of $0.29 per share, on all shares of common stock outstanding to stockholders of record as of June 30, 2026 . The cash dividend represented a 5.5% increase from the previous quarterly dividend of $0.275 per share. The Company did not repurchase any outstanding shares under its $25 million share repurchase authorization (the “Repurchase Program”) during the second quarter, and as of June 30, 2026 , there was $15 million available for repurchases under the Repurchase Program.      On July 31, 2026 , the Company’s Board of Directors approved a share repurchase authorization increase of $15 million authorizing the Company to repurchase up to $30 million in shares of its common stock in the aggregate under the Repurchase Program. 2026 Second Quarter Earnings Conference Call The Company will host a conference call at 11:00 a.m. Eastern Time on August 6, 2026 , to discuss financial and operating results for the second quarter ended June 30, 2026 . A live webcast of the conference call will be available via this webcast link: https://edge.media-server.com/mmc/p/dcmui7w9 Investors can listen to a live audio webcast of the conference call by either visiting the “Webcast Link” above or the "Events & Presentations" section of the Company’s Investor Relations website at https://ir.atni.com/events-and-presentations . A conference call replay will be available at the same locations beginning at approximately 1:00 p.m. Eastern Time that same day. The Company also will provide an investor presentation as a supplement to the call on the “Events & Presentations” section of its Investor Relations website. 1 EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures. Please see “Use of Non-GAAP Financial Measures” below for full definitions of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin and see Table 5 for reconciliations of Operating Income to EBITDA and Operating Income to Adjusted EBITDA. 2 For the Company’s non-GAAP Adjusted EBITDA guidance, the Company is not able to provide without unreasonable effort the most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures, on a forward-looking basis. Please see “Use of Non-GAAP Financial Measures” below for a description of items excluded from the Company’s Adjusted EBITDA guidance. 3 Net Debt and Net Debt Ratio are non-GAAP financial measures. Please see “Use of Non-GAAP Financial Measures” below for full definitions of Net Debt and Net Debt Ratio and see Table 6 for the reconciliations of Total Debt to Net Debt. 4 As previously disclosed, on February 11, 2026, certain subsidiaries of the Company entered into that certain Purchase and Sale Agreement with EIP Holdings, IV, LLC, an affiliate of Everest Infrastructure Partners, Inc., to sell approximately 214 tower portfolio sites in the southwest US for up to $297 million in cash consideration (the “U.S. Tower Portfolio Sale”). About ATN ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a provider of digital infrastructure and communications services operating in the United States and internationally, including the Caribbean region. The Company’s operating subsidiaries focus on rural and remote markets and primarily provide: (i) advanced wireless and wireline connectivity to residential, business, and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services. For more information, please visit www.atni.com. Use of Non-GAAP Financial Measures and Definition of Terms In addition to financial measures prepared in accordance with generally accepted accounting principles (“GAAP”), this press release also contains non-GAAP financial measures. Specifically, the Company has included EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt, and Net Debt Ratio in this release and the tables included herein. EBITDA is defined as Operating income (loss) before depreciation and amortization expense. Adjusted EBITDA is defined as Operating income (loss) before depreciation and amortization expense, transaction-related charges, restructuring and reorganization expenses, the loss on dispositions, transfers and contingent consideration, and non-cash stock-based compensation. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by total revenue. Net Debt is defined as total debt less cash and cash equivalents and restricted cash. Net Debt Ratio is defined as Net Debt divided by the trailing four quarters ended total Adjusted EBITDA at the measurement date. The Company believes that the inclusion of these non-GAAP financial measures helps investors gain a meaningful understanding of the Company's core operating results and enhances the usefulness of comparing such performance with prior periods. Management uses these non-GAAP measures, in addition to GAAP financial measures, as the basis for measuring the Company’s core operating performance and comparing such performance to that of prior periods. The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for results of operations prepared in accordance with GAAP and should be used supplementally to the Company’s GAAP financial results. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in the text of, and the accompanying tables to, this press release. While non-GAAP financial measures are an important tool for financial and operational decision-making and for evaluating the Company’s own operating results over different periods of time, the Company urges investors to review the reconciliations of these financial measures to the comparable GAAP financial measures included below, and not to rely on any single financial measure to evaluate its business. Additionally, these non-GAAP financial measures may not be calculated in the same manner as similar measures presented by other companies. In addition, the forward-looking Adjusted EBITDA guidance for the full-year 2026 excludes potential charges or gains that may be recorded during the fiscal year, including among other things, restructuring and reorganization expenses, transaction-related expenses and gains or losses on dispositions, transfers and contingent consideration. The Company has not attempted to provide reconciliations of such forward-looking non-GAAP earnings guidance to the comparable GAAP measure, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K, because of the impact and timing of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without reasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a substantial impact on GAAP measures of the Company’s financial performance. Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements relating to, among other matters, the Company’s future financial performance, business goals and objectives, and results of operations, its future revenues, operating income, cash flows, network and operating costs, Adjusted EBITDA, and capital investments; subsequent closings of the US Tower Portfolio Sale and the additional consideration related thereto and the timing thereof; the Company’s liquidity; and management’s plans and strategy for the future. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events or results. Actual future events and results could differ materially from the events and results indicated in these statements as a result of many factors, including, among others: (1) the general performance of the Company’s operations, including operating margins, revenues, capital expenditures, the impact of cost savings initiatives, and the retention of and future growth of the Company’s subscriber base and average revenue per user; (2) our ability to satisfy outstanding conditions to complete subsequent closings with respect to the US Tower Portfolio Sale; (3)  the timing, manner and extent to which proceeds from the US Tower Portfolio Sale are deployed may be affected by future market conditions, potential changes in tax laws and the Company's ability to develop corporate investment and strategic opportunities; (4) government regulation of the Company’s businesses, which may impact the Company’s telecommunications licenses, the Company’s revenue and the Company’s operating costs; (5) the impact (if any) of geopolitical instability and U.S. military presence in the Caribbean; (6) management transitions, and the loss of, or an inability to recruit skilled personnel in the Company’s various jurisdictions, including key members of management; (7) the Company’s reliance on a limited number of key suppliers and vendors for timely and cost-effective supply of equipment and services relating to the Company’s network infrastructure; (8) the Company’s ability to satisfy the needs and demands of the Company’s major carrier customers; (9) the Company’s ability to realize expansion plans for its fiber markets; (10) the adequacy and expansion capabilities of the Company’s network capacity and customer service system to support the Company’s customer growth; (11) the Company’s ability to efficiently and cost-effectively upgrade the Company’s networks and information technology platforms to address rapid and significant technological changes in the telecommunications industry; (12) the Company’s continued access to capital and credit markets on terms it deems favorable; (13) the Company’s ability to successfully replace revenue declines in its US Telecom businesses as a result of the pending US tower portfolio sale through carrier, enterprise broadband, and consumer-based broadband services; (14) ongoing risk of an economic downturn, political, geopolitical and other risks and opportunities impacting the Company’s operations, including those resulting from changes and uncertainties related to trade policies and tariff regulations, financial market volatility and disruption, uncertain economic conditions in the U.S. and abroad, inflationary concerns, and other macroeconomic headwinds including increased costs and supply chain disruptions; (15) the occurrence of weather events and natural catastrophes and the Company’s ability to secure the appropriate level of insurance coverage for these assets; and (16) increased competition. These and other additional factors that may cause actual future events and results to differ materially from the events and results indicated in the forward-looking statements above are set forth more fully under Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 16, 2026, and the other reports the Company files from time to time with the SEC. The Company undertakes no obligation and has no intention to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors that may affect such forward-looking statements, except as required by applicable law. Company Contact: Michele Satrowsky SVP, Head of IR & Treasury ATN International Inc. [email protected] Investor Relations Contact: Joe Noyons or Kelley Buchhorn Three Part Advisors, LLC [email protected]; [email protected]    Table 1 ATN International, Inc. Unaudited Condensed Consolidated Balance Sheets (in Thousands)           June 30 ,   December 31 , 2026 2025 Assets:       Cash and cash equivalents $ 317,580   $ 102,491 Restricted cash   14,320     14,663 Customer receivable   9,094     8,783 Assets held-for-sale   8,600     11,200 Other current assets   192,693     190,739         Total current assets   542,287     327,876         Property, plant and equipment, net   947,213     991,767 Operating lease right-of-use assets   132,379     98,158 Customer receivable - long term   30,329     35,128 Assets held-for-sale, net of current portion   6,926     - Goodwill and other intangible assets, net   116,948     117,770 Other assets   103,936     102,555         Total assets $ 1,880,018   $ 1,673,254         Liabilities, redeemable non-controlling interests and stockholders’ equity:       Current portion of long-term debt $ 23,721   $ 15,846 Current portion of customer receivable credit facility   8,999     8,784 Taxes payable   55,424     7,596 Current portion of lease liabilities   18,999     13,891 Liabilities held-for-sale   139     - Other current liabilities   225,540     216,982         Total current liabilities   332,822     263,099         Long-term debt, net of current portion $ 489,592   $ 549,321 Customer receivable credit facility, net of current portion   26,228     30,834 Lease liabilities   106,530     75,277 Other long-term liabilities   108,153     113,923         Total liabilities   1,063,325     1,032,454         Redeemable non-controlling interests   97,393     86,821         Stockholders' equity:       Total ATN International, Inc.’s stockholders’ equity   598,776     444,292 Non-controlling interests   120,524     109,687         Total stockholders' equity   719,300     553,979         Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 1,880,018   $ 1,673,254                       Table 2 ATN International, Inc. Unaudited Condensed Consolidated Statements of Operations (in Thousands, Except per Share Data)                       Three Months Ended,   Six Months Ended,   June 30 ,   June 30 ,       2026       2025       2026       2025   Revenues:                 Communications services   $ 180,141     $ 174,874     $ 358,599     $ 348,905   Construction     779       2,216       779       3,262   Other     3,584       4,210       7,344       8,427   Total revenue     184,504       181,300       366,722       360,594                     Operating expenses (excluding depreciation and amortization unless otherwise indicated):                 Cost of services and other     78,450       77,165       155,876       155,389   Cost of construction revenue     990       2,183       990       3,684   Selling, general and administrative     55,319       56,160       111,494       111,390   Stock-based compensation     1,398       2,685       3,333       4,590   Transaction-related charges     6,319       193       7,152       1,628   Restructuring and reorganization expenses     2,583       4,907       4,309       6,737   Depreciation     30,160       33,863       61,316       68,390   Amortization of intangibles from acquisitions     493       1,226       990       2,452   (Gain) Loss on dispositions, transfers and contingent consideration     (230,940 )     2,685       (230,158 )     3,434   Total operating expenses     (55,228 )     181,067       115,302       357,694                     Operating income     239,732       233       251,420       2,900                     Other expense:                 Interest expense, net     (10,368 )     (12,678 )     (20,712 )     (24,356 ) Other expense     (747 )     (591 )     (3,979 )     (3,158 ) Other expense     (11,115 )     (13,269 )     (24,691 )     (27,514 )                   Income (loss) before income taxes     228,617       (13,036 )     226,729       (24,614 ) Income tax expense (benefit)     42,092       (3,776 )     43,678       (3,967 )                   Net income (loss)     186,525       (9,260 )     183,051       (20,647 )                   Net (income) loss attributable to non-controlling interests, net     (19,237 )     2,234       (18,560 )     4,693                     Net income (loss) attributable to ATN International, Inc. stockholders   $ 167,288     $ (7,026 )   $ 164,491     $ (15,954 )                   Net income (loss) per weighted average share attributable to ATN International, Inc. stockholders:                                   Basic   $ 10.77     $ (0.56 )   $ 10.52     $ (1.25 )                   Diluted   $ 10.71     $ (0.56 )   $ 10.44     $ (1.25 )                   Weighted average common shares outstanding:                 Basic     15,384       15,223       15,334       15,177   Diluted     15,459       15,223       15,444       15,177                     Table 3 ATN International, Inc. Unaudited Condensed Consolidated Cash Flow Statements (in Thousands)       Six Months Ended June 30 ,     2026       2025           Net income (loss) $ 183,051     $ (20,647 ) Depreciation   61,316       68,390   Amortization of intangibles from acquisitions   990       2,452   Provision for doubtful accounts   4,245       4,135   Amortization of debt discount and debt issuance costs   1,450       1,435   (Gain) loss on dispositions, transfers and contingent consideration   (230,158 )     3,434   Stock-based compensation   3,333       4,590   Deferred income taxes   1,079       (5,432 ) (Gain) Loss on equity investments   2,396       (133 ) Decrease in customer receivable   4,487       1,780   Change in prepaid and accrued income taxes   42,295       1,666   Change in other operating assets and liabilities   (20,943 )     (1,827 )         Net cash provided by operating activities   53,541       59,843           Capital expenditures   (38,259 )     (42,016 ) Government capital programs:       Amounts disbursed   (27,007 )     (45,906 ) Amounts received   22,423       41,364   Proceeds from Tower Portfolio Transaction   267,669       -   Proceeds from sale of telecommunications licenses   2,200       -   Proceeds from sale of assets   1,585       221   Purchases and sales of employee benefit plan investments   (28 )     701           Net cash provided by (used in) investing activities   228,583       (45,636 )         Dividends paid on common stock   (8,426 )     (7,279 ) Distributions to non-controlling interests   (1,410 )     (1,404 ) Finance lease payments   (376 )     (974 ) Term loan - repayments   (5,009 )     (3,314 ) Term loan - borrowings   5,000       -   Payment of debt issuance costs   (603 )     (280 ) Revolving credit facilities – borrowings   49,050       41,000   Revolving credit facilities – repayments   (101,170 )     (13,000 ) Repayment of customer receivable credit facility   (4,449 )     (4,071 ) Purchases of common stock - stock-based compensation   (1,902 )     (770 ) Purchases of noncontrolling interests   (288 )     (44 ) Funds payable and amounts due to customers   2,205       -           Net cash provided by (used in) financing activities   (67,378 )     9,864           Net change in total cash, cash equivalents and restricted cash   214,746       24,071           Total cash, cash equivalents and restricted cash, beginning of period   117,154       89,244           Total cash, cash equivalents and restricted cash, end of period $ 331,900     $ 113,315                   Table 4 ATN International, Inc. Selected Segment Financial Information (In Thousands)           For the three months ended June 30, 2026 is as follows:             International Telecom US Telecom Corporate and Other * Total           Statement of Operations Data:         Revenue         Mobility         Business $ 5,161   $ -   $ -   $ 5,161   Consumer   21,977     -     -     21,977   Total $ 27,138   $ -   $ -   $ 27,138             Fixed         Business $ 18,896   $ 30,210   $ -   $ 49,106   Consumer   41,623     22,154     -     63,777   Total $ 60,519   $ 52,364   $ -   $ 112,883             Carrier Services $ 3,549   $ 32,793   $ -   $ 36,342   Other   3,621     157     -     3,778             Total Communications Services $ 94,827   $ 85,314   $ -   $ 180,141             Construction $ -   $ 779   $ -   $ 779             Managed services $ 1,369   $ 2,215   $ -   $ 3,584   Total Other $ 1,369   $ 2,215   $ -   $ 3,584             Total Revenue $ 96,196   $ 88,308   $ -   $ 184,504             Depreciation $ 13,990   $ 15,843   $ 326   $ 30,159   Amortization of intangibles from acquisitions $ 239   $ 254   $ -   $ 493   Total operating expenses $ 74,279   $ (135,884 ) $ 6,378   $ (55,227 ) Operating income (loss) $ 21,917   $ 224,192   $ (6,378 ) $ 239,731   Net (income) loss attributable to non-controlling interests $ (3,144 ) $ (16,093 ) $ -   $ (19,237 )           Non GAAP measures:         EBITDA (2) $ 36,146   $ 240,289   $ (6,052 ) $ 270,383   Adjusted EBITDA (1) $ 35,485   $ 19,088   $ (4,829 ) $ 49,744             Balance Sheet Data (at June 30 , 2026):         Cash, cash equivalents and restricted cash $ 100,371   $ 222,062   $ 9,467   $ 331,900   Total current assets   191,366     323,747     27,174     542,287   Fixed assets, net   442,009     503,870     1,334     947,213   Total assets   711,981     1,076,105     91,932     1,880,018   Total current liabilities   104,747     139,362     88,713     332,822   Total debt, including current portion   63,909     333,699     115,705     513,313             * Corporate and Other refer to corporate overhead expenses and consolidating adjustments                             Table 4 (continued)           ATN International, Inc. Selected Segment Financial Information (In Thousands)           For the three months ended June 30, 2025 is as follows:             International Telecom US Telecom Corporate and Other * Total Statement of Operations Data:         Revenue         Mobility         Business $ 4,857   $ 8   $ -   $ 4,865   Consumer   21,466     -     -     21,466   Total $ 26,323   $ 8   $ -   $ 26,331             Fixed         Business $ 18,416   $ 28,854   $ -   $ 47,270   Consumer   43,333     22,505     -     65,838   Total $ 61,749   $ 51,359   $ -   $ 113,108             Carrier Services $ 3,423   $ 29,806   $ -   $ 33,229   Other   2,088     118     -     2,206             Total Communications Services $ 93,583   $ 81,291   $ -   $ 174,874             Construction $ -   $ 2,216   $ -   $ 2,216             Managed services $ 1,311   $ 2,899   $ -   $ 4,210             Total Other $ 1,311   $ 2,899   $ -   $ 4,210             Total Revenue $ 94,894   $ 86,406   $ -   $ 181,300             Depreciation $ 15,154   $ 17,850   $ 859   $ 33,863   Amortization of intangibles from acquisitions $ 251   $ 975   $ -   $ 1,226   Total operating expenses $ 78,673   $ 91,939   $ 10,455   $ 181,067   Operating income (loss) $ 16,221   $ (5,533 ) $ (10,455 ) $ 233   Net (income) loss attributable to non-controlling interests $ (2,307 ) $ 4,541   $ -   $ 2,234             Non GAAP measures:         EBITDA (2) $ 31,626   $ 13,292   $ (9,596 ) $ 35,322   Adjusted EBITDA (1) $ 33,274   $ 18,262   $ (5,744 ) $ 45,792                       Balance Sheet Data (at December 31 , 2025):         Cash, cash equivalents and restricted cash $ 79,165   $ 35,915   $ 2,074   $ 117,154   Total current assets   165,341     141,592     20,943     327,876   Fixed assets, net   451,303     533,443     7,021     991,767   Total assets   701,579     881,968     89,707     1,673,254   Total current liabilities   97,305     120,535     45,259     263,099   Total debt, including current portion   59,952     329,036     176,180     565,168             (1) See Table 5 for reconciliation of Operating Income to Adjusted EBITDA (2) See Table 5 for reconciliation of Operating Income to EBITDA * Corporate and Other refer to corporate overhead expenses and consolidating adjustments                     ATN International, Inc. Selected Segment Financial Information (In Thousands) For the six months ended June 30, 2026 is as follows:             International Telecom US Telecom Corporate and Other * Total           Statement of Operations Data:         Revenue         Mobility         Business $ 10,337   $ -   $ -   $ 10,337   Consumer   43,160     -     -     43,160   Total $ 53,497   $ -   $ -   $ 53,497             Fixed         Business $ 37,642   $ 60,137   $ -   $ 97,779   Consumer   83,463     44,308     -     127,771   Total $ 121,105   $ 104,445   $ -   $ 225,550             Carrier Services $ 7,747   $ 64,682   $ -   $ 72,429   Other   6,815     308     -     7,123             Total Communications Services $ 189,164   $ 169,435   $ -   $ 358,599             Construction $ -   $ 779   $ -   $ 779             Managed services $ 3,090   $ 4,254   $ -   $ 7,344   Total Other $ 3,090   $ 4,254   $ -   $ 7,344             Total Revenue $ 192,254   $ 174,468   $ -   $ 366,722             Depreciation $ 27,565   $ 32,701   $ 1,050   $ 61,316   Amortization of intangibles from acquisitions $ 481   $ 509   $ -   $ 990   Total operating expenses $ 151,115   $ (51,461 ) $ 15,648   $ 115,302   Operating income (loss) $ 41,139   $ 225,929   $ (15,648 ) $ 251,420   Net (income) loss attributable to non-controlling interests $ (5,750 ) $ (12,810 ) $ -   $ (18,560 )           Non GAAP measures:         EBITDA (2) $ 69,185   $ 259,139   $ (14,598 ) $ 313,726   Adjusted EBITDA (1) $ 69,774   $ 38,578   $ (9,991 ) $ 98,361             * Corporate and Other refer to corporate overhead expenses and consolidating adjustments                             Table 4 (continued)           ATN International, Inc. Selected Segment Financial Information (In Thousands)           For the six months ended June 30, 2025 is as follows:             International Telecom US Telecom Corporate and Other * Total           Statement of Operations Data:         Revenue         Mobility         Business $ 9,706   $ 46   $ -   $ 9,752   Consumer   42,657     -     -     42,657   Total $ 52,363   $ 46   $ -   $ 52,409             Fixed         Business $ 36,909   $ 58,099   $ -   $ 95,008   Consumer   86,206     44,920     -     131,126   Total $ 123,115   $ 103,019   $ -   $ 226,134             Carrier Services $ 7,326   $ 59,033   $ -   $ 66,359   Other   3,829     174     -     4,003             Total Communications Services $ 186,633   $ 162,272   $ -   $ 348,905             Construction $ -   $ 3,262   $ -   $ 3,262             Managed services $ 2,757   $ 5,670   $ -   $ 8,427             Total Other $ 2,757   $ 5,670   $ -   $ 8,427             Total Revenue $ 189,390   $ 171,204   $ -   $ 360,594             Depreciation $ 30,531   $ 36,134   $ 1,725   $ 68,390   Amortization of intangibles from acquisitions $ 503   $ 1,949   $ -   $ 2,452   Total operating expenses $ 158,420   $ 179,152   $ 20,122   $ 357,694   Operating income (loss) $ 30,970   $ (7,948 ) $ (20,122 ) $ 2,900   Net (income) loss attributable to non-controlling interests $ (3,781 ) $ 8,474   $ -   $ 4,693             Non GAAP measures:         EBITDA (2) $ 62,004   $ 30,135   $ (18,397 ) $ 73,742   Adjusted EBITDA (1) $ 65,665   $ 35,774   $ (11,308 ) $ 90,131             (1) See Table 5 for reconciliation of Operating Income to Adjusted EBITDA (2) See Table 5 for reconciliation of Operating Income to EBITDA * Corporate and Other refer to corporate overhead expenses and consolidating adjustments           Table 5 ATN International, Inc. Reconciliation of Non-GAAP Measures (In Thousands)           For the three months ended June 30, 2026 is as follows:             International Telecom US Telecom Corporate and Other * Total                     Operating income (loss) $ 21,917   $ 224,192   $ (6,378 ) $ 239,731   Depreciation expense   13,990     15,843     326     30,159   Amortization of intangibles from acquisitions   239     254     -     493   EBITDA $ 36,146   $ 240,289   $ (6,052 ) $ 270,383             Stock-based compensation   126     -     1,272     1,398   Transaction-related charges   -     8,116     (1,797 )   6,319   Restructuring and reorganization expenses   264     580     1,740     2,584   (Gain) loss on dispositions, transfers and contingent consideration   (1,051 )   (229,897 )   8     (230,940 ) ADJUSTED EBITDA $ 35,485   $ 19,088   $ (4,829 ) $ 49,744             Total revenue $ 96,196   $ 88,308   $ -   $ 184,504             ADJUSTED EBITDA MARGIN   36.9 %   21.6 % NA   27.0 %                               For the three months ended June 30, 2025 is as follows:             International Telecom US Telecom Corporate and Other * Total                     Operating income (loss) $ 16,221   $ (5,533 ) $ (10,455 ) $ 233   Depreciation expense   15,154     17,850     859     33,863   Amortization of intangibles from acquisitions   251     975     -     1,226   EBITDA $ 31,626   $ 13,292   $ (9,596 ) $ 35,322             Stock-based compensation   141     50     2,494     2,685   Transaction-related charges   -     -     193     193   Restructuring and reorganization expenses   1,385     2,357     1,165     4,907   Loss on dispositions, transfers and contingent consideration   122     2,563     -     2,685   ADJUSTED EBITDA $ 33,274   $ 18,262   $ (5,744 ) $ 45,792                       Total revenue $ 94,894   $ 86,406   $ -   $ 181,300             ADJUSTED EBITDA MARGIN   35.1 %   21.1 % NA   25.3 %                   Table 5 (continued) ATN International, Inc. Reconciliation of Non-GAAP Measures (In Thousands)           For the six months ended June 30, 2026 is as follows:             International Telecom US Telecom Corporate and Other * Total                     Operating income (loss) $ 41,139   $ 225,929   $ (15,648 ) $ 251,420   Depreciation expense   27,565     32,701     1,050     61,316   Amortization of intangibles from acquisitions   481     509     -     990   EBITDA $ 69,185   $ 259,139   $ (14,598 ) $ 313,726             Stock-based compensation   253     28     3,052     3,333   Transaction-related charges   -     8,134     (982 )   7,152   Restructuring and reorganization expenses   1,009     771     2,529     4,309   (Gain) loss on dispositions, transfers and contingent consideration   (673 )   (229,494 )   8     (230,159 ) ADJUSTED EBITDA $ 69,774   $ 38,578   $ (9,991 ) $ 98,361             Total revenue $ 192,254   $ 174,468   $ -   $ 366,722             ADJUSTED EBITDA MARGIN   36.3 %   22.1 % NA   26.8 %                               For the six months ended June 30, 2025 is as follows:             International Telecom US Telecom Corporate and Other * Total                     Operating income (loss) $ 30,970   $ (7,948 ) $ (20,122 )   2,900   Depreciation expense   30,531     36,134     1,725     68,390   Amortization of intangibles from acquisitions   503     1,949     -     2,452   EBITDA $ 62,004   $ 30,135   $ (18,397 ) $ 73,742             Stock-based compensation   357     127     4,106     4,590   Transaction-related charges   -     -     1,628     1,628   Restructuring and reorganization expenses   2,891     2,491     1,355     6,737   Loss on dispositions, transfers and contingent consideration   413     3,021     -     3,434   ADJUSTED EBITDA $ 65,665   $ 35,774   $ (11,308 ) $ 90,131                       Total revenue $ 189,390   $ 171,204   $ -   $ 360,594             ADJUSTED EBITDA MARGIN   34.7 %   20.9 % NA   25.0 %                               Table 6                 ATN International, Inc. Non GAAP Measure - Net Debt Ratio (in Thousands)                                           June 30 ,   December 31 ,           2026 2025                                 Current portion of long-term debt *         $ 23,721   $ 15,846 Long-term debt, net of current portion *           489,592     549,321                 Total debt         $ 513,313   $ 565,167                 Less: Cash, cash equivalents and restricted cash           331,900     117,154                 Net Debt         $ 181,413   $ 448,013                                 Adjusted EBITDA - for the four quarters ended         $ 198,273   $ 190,044                                 Net Debt Ratio           0.91     2.36                                 * Excludes Customer receivable credit facility                               Source: ATN International, Inc. 2026 GlobeNewswire, Inc., source Press Releases

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