Shentel FY 2025 interest expense rises 59.6% to USD 25.4 million

Reuters02-26
Shentel FY 2025 interest expense rises 59.6% to USD 25.4 million

Shentel reported FY 2025 total revenue of USD 357.9 million (+9.1%), driven by Residential & SMB – Glo Fiber Expansion Markets revenue of USD 82.6 million (+42.7%) and Commercial Fiber revenue of USD 79.3 million (+13.2%). Residential & SMB – Incumbent Broadband Markets revenue was USD 169.7 million (-2.9%), while RLEC & Other revenue was USD 26.3 million (+3.9%). FY 2025 operating loss was USD 23.2 million (vs. USD 28.6 million operating loss), with interest expense of USD 25.4 million (+59.6%) and net loss of USD 32.9 million; net loss attributable to common shareholders was USD 39.4 million. Operationally, Shentel ended FY 2025 with 679,044 total homes and businesses passed, including 426,820 in Glo Fiber Expansion Markets, and reported 19,067 fiber route miles. The company highlighted 2025 refinancing activities, including an inaugural USD 567.4 million secured fiber network revenue term notes issuance (5.64% Class A-2 and 6.03% Class B; anticipated repayment date December 2030), a USD 175.0 million variable funding note facility due December 2029 (no borrowings at closing), a USD 25.0 million liquidity funding note facility (no borrowings at closing), and a new USD 175.0 million revolving credit facility due December 2030 (USD 75.0 million drawn at closing). Shentel also completed a Virginia FTTH asset acquisition for USD 5.0 million (about 1,500 passings and about 700 customers) and announced a CEO transition, with Ed McKay appointed President and CEO effective September 1, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shentel - Shenandoah Telecommunications Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000354963-26-000125), on February 26, 2026, and is solely responsible for the information contained therein.

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