Liberty Global Reports Q4 2025 Results

About this update from Liberty Global Ltd.

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VMO2 delivered a sequential improvement in broadband additions and was recognized by Opensignal as the UK's top broadband provider. VodafoneZiggo continued its positive trajectory, delivering its best quarterly broadband performance in over two years while also becoming the largest provider offering 2Gbps speeds in the Netherlands. Telenet recorded its highest broadband net adds in three years, supported by strong Black Friday campaigns and further FMC growth on the BASE brand. Virgin Media Ireland delivered its best quarterly wholesale activity to date and remains firmly on track to substantially complete its fiber rollout in 2026.","length":826,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":826,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Liberty Growth: We continued to rotate capital into higher‑return opportunities across our Growth portfolio and the wider group, delivering ~$400m 1 in non‑core asset disposals, including UPC Slovakia as announced in December. The Growth portfolio remains concentrated, with over 70% of its $3.4 billion 2 FMV attributable to just five key assets. We are investing in areas where we see conviction in our right‑to‑play, strong industrial tailwinds, and a clear path to value creation over time.","length":492,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":492,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Liberty Corporate: We delivered a substantial reshaping of our operating model that positioned us to outperform our 2025 guidance for corporate spend and has materially improved our Adj. EBITDA trajectory which will be down 75% in 2026 compared to 2024. Meanwhile, Liberty Blume and Liberty Tech continued to provide impactful support to our operating companies, driving scale and expanding opportunities to create value through shared platforms and attracting new, third-party customers. Beginning in 2026, Liberty Blume will be reported and managed through our Liberty Growth portfolio reflecting its stand-alone position and the possibility of raising third-party capital.","length":675,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":675,"olType":false},{"type":"text","content":"We closed 2025 with a strong corporate cash position of $2.2 billion 3 , reflecting disciplined capital allocation throughout the year, including non‑core asset disposal proceeds and continued upstreaming of JV dividends during the fourth quarter. We also have made significant progress in extending 2028 maturities across our credit silos with almost $15 billion 4 of refinancings last year and have started financing activity on 2029 instruments to ensure we have a long-tenured, resilient capital structure. As we look to 2026, we remain solely focused on taking further action to unlock and deliver increased shareholder value."","length":634,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" For more information, including the bond update by credit silo, please see our full release here . 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