Liberty Latin America Reports Q1 2025 Results

• Over 40,000 organic broadband and postpaid mobile subscriber net adds in Q1
• >30% Fixed-Mobile Convergence ("FMC") penetration across key markets
• 38% Operating Income growth YoY; 8% rebased Adjusted OIBDA growth YoY
• Strong focus on cost and lowering capital intensity

Denver, Colorado - May 7, 2025: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for the three months (“Q1”) ended March 31, 2025.

CEO Balan Nair commented, “In a number of regions, we have started 2025 in strong health. Across C&W Caribbean, C&W Panama and Liberty Costa Rica, we added close to 60,000 organic broadband and postpaid mobile net subscriber additions, a greater than 50% increase compared to Q4. Driving FMC penetration higher is a key part of our strategy.”

“This fed through into a strong financial performance, with rebased Adjusted OIBDA growth of 8% YoY driven by double-digit Adjusted OIBDA growth in both C&W Caribbean and C&W Panama.”

“This performance reflects the benefits of investments in our networks and products in recent years through upgrades, coverage expansion and selective spectrum acquisitions. We are still investing where we see opportunities, including in the roll out of new subsea cable systems which will drive revenue in future years. More broadly across the Group, though, we continue to anticipate capital intensity declining, while remaining laser-focused on cost efficiencies, to support Adjusted FCF growth.”

“In Puerto Rico, we are confident we have the right assets in place to rebuild momentum and scale in mobile and continue to see FMC as a key differentiator for us going forward. However, after a challenging migration through 2024, which negatively impacted our Adjusted OIBDA and Adjusted FCF, progress on mobile remains slower than we had anticipated through the early stages of 2025. Given the cadence of recovery in Puerto Rico, we feel it best to withdraw LLA's mid-term (2024-2026) outlook at this stage.”

“Outside of Puerto Rico, and as evidenced by our Q1 numbers, we are tracking well to our previous expectations for both Adjusted OIBDA and Adjusted FCF before distributions. Notwithstanding pacing in Puerto Rico, we still expect to meaningfully grow Group Adjusted OIBDA and Adjusted FCF before distributions in 2025.”