Optimum Communications restating FY2025 and interim 2026 results on deferred tax errors

Optimum Communications, Inc.

• Restating FY2025, Q3 2025, Q1 2026, Q2 2026 financials due to understated deferred tax benefits and overstated deferred tax liability.
• Expected net loss reductions: ~$430M for FY2025 and Q3 2025; ~$720M for Q1 and Q2 2026.
• No impact on cash, revenues, capex, cash flows, EBITDA, or pre-tax loss; only tax-related balance sheet items.
• Management expects to report a material weakness in internal control over financial reporting; prior reports no longer reliable.