Third Quarter 2025 vs. Third Quarter 2024 Financial Highlights Expanded high-speed broadband homes passed by 8% Grew total high-speed subscribers by 1% Third quarter revenues increased 3% to $183.2 million Third quarter operating income increased to $9.8 million Third quarter net income was $4.3 million, or $0.18 per diluted share Third quarter Adjusted EBITDA1 increased 9% to $49.9 million Net cash provided by operating activities for the year-to-date period was $97.7 million Capital expenditures for the year-to-date period were $60.9 million (net of $67.3 million reimbursable expenditures) Net Debt Ratio3 was 2.47x on September 30, 2025 Refines 2025 Adjusted EBITDA Outlook, and Reaffirms Revenue, Capital Expenditure, and Net Debt Ratio Expectations Revenue, excluding construction revenue, is expected to be in line with last year's result of $725 million Adjusted EBITDA2 is expected to be flat to slightly above last year's result of $184 million (previously guided to be flat with 2024) Capital expenditures are expected to be in the range of $90 to $100 million (net of reimbursable expenditures) Net Debt Ratio4 is expected to remain flat with full year 2024 at approximately 2.54x, with potential for slight improvement exiting 2025 Earnings Conference Call Thursday, November 6, 2025, at 10:00 a.m.
