Another successful Annual General Meeting in the books.
Yesterday, Cable Bahamas Group of Companies had the pleasure of engaging with our shareholders, reflecting on a year of progress, celebrating key milestones and sharing our vision for the future.
Fiscal Year 2026 marked a significant turning point for our Group, as years of strategic investment translated into stronger financial performance, continued innovation and greater value for our shareholders.
Here are just a few achievements worth celebrating:
Stronger Financial Performance: Group revenue grew 3% to $249.5 million, EBITDA surpassed $100 million for the first time, and we returned to profitability with $11.3 million in net income.
Restoring Shareholder Returns: We reinstated quarterly dividends, paying $0.32 per share for the fiscal year, reflecting our commitment to delivering sustainable shareholder value.
Expanding Connectivity: We completed fibre coverage across New Providence and expanded ALIVFibr into Abaco, our first Family Island fibre market, closing the year with more than 39,000 fibre subscribers.
Award-Winning Networks: Our continued investment in network excellence earned us eight Ookla Speedtest Awards, reinforcing our position as a leader in connectivity across The Bahamas and the Caribbean.
Strengthening Community Impact: We relaunched the Cable Bahamas Cares Foundation, expanded our commitment to empowering women and girls through iNSPIREHER and iGNITEHER, and renewed our Junkanoo partnership for another five years.
These milestones represent more than business achievements. They reflect the dedication of our people, the trust of our customers and the confidence of our shareholders in the future we are building together.
To our shareholders, Board of Directors, team members and valued customers, thank you for your continued trust, commitment and support. Your contributions remain central to our success.
As we look ahead to fiscal year 2027, we remain focused on building on this momentum, elevating the customer experience, driving innovation and creating lasting value for the communities we serve.