Broadband Services Remain the Primary Growth Driver of Telecommunications Operations
Rye, NY – March 19, 2026 – LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT), an integrated provider of broadband and voice services, today reported preliminary, unaudited financial results for the fourth quarter and full year 2025.
HIGHLIGHTS
- Fourth quarter revenue increased 8.8% year-over-year to $36.3 million
- EBITDA increased 9% to $13.9 million with EBITDA margin of approximately 38%
- Fiber network expanded 19% to 8,184 route miles in 2025
- LICT continues to serve our communities with the support from numerous government programsaimed to increase broadband and communications connectivity in rural areas across the United States (“U.S.”).
- Shareholder Charitable Contribution Program: Successfully completed at $100 per share forregistered shareholders. LICT has contributed more than $11.2 million to charitable organizations through this program since its inception in 2016.
- Net leverage remained at 1.5x trailing 12-month EBITDA.
Joe Cecin, LICT’s Chief Operating Officer commented, “Solid operating performance in 2025 was a result of expanded broadband deployments across our rural service territories with revenue growth driven primarily by broadband subscriber growth, fiber construction activity and contributions from the Manti Telephone Company (MTC) acquisition completed in early 2025.” Cecin continued, “With our investments in middle mile and distribution fiber we are well-positioned to meet the build-out requirements of federal broadband programs while supporting long-term demand for high-speed connectivity across the LICT markets.”
Broadband services remain LICT’s primary growth engine and represent the fastest growing segment of our revenue base as customers migrate from legacy voice and video services to high-speed internet connectivity. Owned and operated fiber optic cable expanded 19.0% to 8,184 route miles over the same period.
During 2025, LICT invested $77.1 million in network infrastructure, with $24.5 million offset by government grant funding, supporting broadband expansion across underserved communities, for a net outlay of $52.6 million.
Stephen J. Moore, LICT’s Vice President of Finance added, “Management maintains a conservative balancesheet. The company ended the year with net leverage of approximately
1.5x trailing 12-month EBITDA, providing significant financial flexibility for continued infrastructure investment and opportunistic share repurchases.”