CIBL, Inc. Reports Fourth Quarter and Full Year 2025 Results
MWN-AI** Summary
CIBL, Inc. (OTC Pink: CIBY) reported its financial results for the fourth quarter and full year of 2025, showcasing positive trends in revenue and net income despite some fluctuations in earnings before interest, taxes, depreciation, and amortization (EBITDA).
In the fourth quarter, CIBL's revenues surged 28.4% to $664,000 compared to $517,000 in Q4 2024, largely driven by increased service revenues in broadband, end-user terminals, and voice-over-internet-protocol services. EBITDA rose by 15.4% to $172,000, although net income slightly decreased from $51,000 in Q4 2024 to $50,000 in Q4 2025. Earnings per share (EPS) improved to $4.42 from $4.03 in the prior year.
For the full year, CIBL reported revenues of $2.275 million, marking a 15.2% increase from $1.975 million in 2024. However, EBITDA experienced a 4.2% decline to $565,000, attributed to reduced capitalized labor. The company's net income rose significantly to $264,000 from $143,000 the previous year, and EPS nearly doubled from $11.38 to $22.83.
CIBL's strategic initiatives were underscored by the completion of two major projects during 2025, enabling a 2 Gig fiber broadband service and extending fiber optic coverage to Mount Washington. The company also demonstrated a commitment to shareholder value, repurchasing a total of 1,393 of its common shares throughout the year.
As of December 31, 2025, CIBL held $19.5 million in cash and investments, equating to $1,734 per share. The firm continues to explore various strategic alternatives to enhance shareholder returns, positioning itself for future growth in the broadband sector.
MWN-AI** Analysis
CIBL, Inc. (OTC Pink: CIBY) has reported a strong performance for both the fourth quarter and full year 2025, demonstrating notable growth in revenue and earnings. The fourth quarter revenues surged by 28.4% to $664,000, driven primarily by an increase in service revenues, while full-year revenues increased by 15.2% to $2.275 million. Despite this growth, it's important to note that EBITDA from operations declined slightly year-over-year, showcasing some operational challenges that may need addressing.
The company reported an earnings per share (EPS) increase from $4.03 in Q4 2024 to $4.42 in Q4 2025, reflecting robust profitability. Yearly EPS more than doubled, increasing from $11.38 to $22.83, indicating a strong bottom-line performance. The consistency in profit generation alongside a significant cash and investment reserve of $19.5 million (approximately $1,734 per share) suggests financial stability, which is favorable for investors.
Moreover, the capital expenditures have been low in comparison to previous years, which may indicate a cautious approach towards reinvestment. However, the completion of high-impact projects, such as the provision of 2 Gig fiber broadband services and installation on Mount Washington, positions CIBL well for future revenue streams.
Yet, the decline in EBITDA from operations, alongside a net income dip (from $51,000 in Q4 2024 to $50,000 in Q4 2025), calls attention to operational management needs. As the market continues to evolve, CIBL's board is actively evaluating strategic alternatives to enhance shareholder value, which could signify potential corporate actions or partnerships.
Investors should consider that while the financial results signal strong growth, the operational decline in EBITDA and the need for strategic reassessment could introduce risk. Given the strong cash position and EPS growth, maintaining a watchful eye on future operational enhancements and strategic decisions is advisable before making significant investment moves.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY), announced fourth quarter and full year 2025 financial and operating results.
Fourth Quarter 2025 Highlights
- Revenues increased 28.4% to $664,000 in the fourth quarter of 2025 from $517,000 in the fourth quarter of 2024
- EBITDA from operations increased 15.4% to $172,000
- Other income increased 36.8% to $234,000 in the fourth quarter of 2025 from $171,000 in the fourth quarter of 2024
- Earnings per share were $4.42 per share in the fourth quarter of 2025 compared to $4.03 in the fourth quarter 2024
- Net income was $50,000 in the fourth quarter of 2025 compared to $51,000 in the fourth quarter of 2024
- CIBL repurchased 371 of it’s common shares at an average price of $1,702 per share in the fourth quarter of 2025
2025 Highlights
- Revenues increased 15.2% to $2,275,000 for the year ended December 31, 2025 from $1,975,000 for the year 2024
- EBITDA from operations decreased 4.2% to $565,000
- Other income increased 48.1% to $1,038,000 for the year ended December 31, 2025 from $701,000 for the year ended December 31, 2024
- Earnings per share were $22.83 per share for the year ended December 31, 2025 compared to $11.38 for the year ended December 31, 2024
- Net income was $264,000 for the year ended December 31, 2025 compared to $143,000 for the year ended December 31, 2024
- Cash and investments were $19.5 million or $1,734 per share as of December 31, 2025
- CIBL repurchased 1,022 of it’s common shares at an average price of $1,695 per share for the year ended December 31, 2025
Results from Operations
Three Months Ended December 31, 2025
Revenues increased 28.4% to $664,000 in the fourth quarter 2025 from $517,000 in the fourth quarter 2024 due to increased service revenues from broadband, end-user terminals and voice over internet protocol and one-time equipment revenues.
EBITDA from operations increased 15.4% to $172,000 for the fourth quarter ended December 31, 2025 from $149,000 for the fourth quarter ended December 31, 2024 due to the increase in revenues discussed above partially offset by less capitalized labor for plant under construction and switch replacements.
Other income increased $63,000 to $234,000 for the fourth quarter ending December 31, 2025 from $171,000 for the fourth quarter ending December 31, 2024. The increase was primarily due to higher equity in earnings from the Company’s equity investments in affiliated companies offset by lower investment income due to lower yields on U.S. Treasuries.
Year Ended December 31, 2025
Revenues increased 15.2% to $2,275,000 for the year ended December 31, 2025 from $1,975,000 for the year ended December 31, 2024 due to one-time equipment revenues and system upgrades.
EBITDA from operations decreased 4.2% to $565,000 for the year ended December 31, 2025 from $590,000 for the year ended December 31, 2024 due to less capitalized labor for plant under construction and switch replacements.
Other income increased $337,000 to $1,038,000 for the year ending December 31, 2025 from $701,000 for the for the year ending December 31, 2024. The increase was primarily due to higher equity in earnings from the Company’s equity investments in affiliated companies and higher unrealized gains on available for sale securities offset by lower investment income due to lower yields on U.S. Treasuries.
Operating Highlights
During 2025, our New Hampshire Operations completed two significant projects. Firstly, we can now provide 2 Gig fiber broadband service throughout the Bretton Woods service territory. Second, we installed fiber optic cable to summit of Mount Washington, the highest peak in the Eastern United States. Both these projects significantly improve our service offerings and enhance our future revenue streams.
Other Highlights
Capital expenditures were $167,000 and $423,000 for the year ended December 31, 2025, and 2024, respectively.
On September 24, 2025, CIBL acquired 100,000 shares of The Gabelli Global Small and Mid Cap Value Trust Series E Cumulative Preferred Shares (“Preferred Shares”) at a cost of $10 per share. These Preferred Shares included a dividend of 5.2% per annum payable semi annually (March and September) with mandatory and optional redemptions by the issuer on September 26, 2027, and September 27, 2026, respectively. These Preferred Shares include an optional put by the Company on March 26, 2026, September 26, 2026, and March 26, 2027. As of December 31, 2025, these Preferred Shares are included in other investments with an aggregate fair value of $1,008,000.
During the year ended December 31, 2025, the Company acquired 1,022 of its shares at an average price of $1,695 per share. As of December 31, 2025, CIBL has 11,244 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 15,622 of its shares for $22.3 million, or an average price of $1,427 per share.
CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value.
About CIBL, Inc.
CIBL is a holding company with interests in broadband operations. CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. and Brick Skirt, providers of broadband and communication services in Northern New Hampshire and Western New York State, respectively. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com .
Cautionary Note Concerning Forward-Looking Statements
To the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com . Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate.
CIBL Inc. and Subsidiaries Consolidated Statements of Income (Unaudited) (USD in thousands, except share data) | Attachment A | |||||||||||||||
Three Months Ended | Year Ended | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue | ||||||||||||||||
Revenue | $ | 664 | $ | 517 | $ | 2,275 | $ | 1,975 | ||||||||
Costs and expenses: | ||||||||||||||||
Costs of revenue, excluding depreciation | 414 | 306 | 1,433 | 1,147 | ||||||||||||
General and administrative costs of operations | 78 | 62 | 277 | 238 | ||||||||||||
Corporate office expenses | 268 | 199 | 1,031 | 945 | ||||||||||||
Depreciation and amortization | 54 | 43 | 207 | 143 | ||||||||||||
Total operating expenses | 814 | 610 | 2,948 | 2,473 | ||||||||||||
Operating loss | (150 | ) | (93 | ) | (673 | ) | (498 | ) | ||||||||
Other income (expense): | ||||||||||||||||
Interest income | 171 | 221 | 735 | 1,013 | ||||||||||||
Equity in earnings (loss) of affiliated companies | 47 | (68 | ) | 278 | (215 | ) | ||||||||||
Unrealized and realized gains (losses) on available for sale securities | 16 | 18 | 25 | (97 | ) | |||||||||||
Total other income | 234 | 171 | 1,038 | 701 | ||||||||||||
Income before income taxes | 84 | 78 | 365 | 203 | ||||||||||||
Income tax expense | (34 | ) | (27 | ) | (101 | ) | (60 | ) | ||||||||
Net income | $ | 50 | $ | 51 | $ | 264 | $ | 143 | ||||||||
Basic and diluted weighted average shares | 11,311 | 12,643 | 11,566 | 12,565 | ||||||||||||
Actual shares outstanding | 11,244 | 12,266 | 11,244 | 12,266 | ||||||||||||
Earnings per share | ||||||||||||||||
Basic and Diluted | $ | 4.42 | $ | 4.03 | $ | 22.83 | $ | 11.38 | ||||||||
CIBL Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) (USD in thousands, except share data) | Attachment B | |||||||
December 31, 2025 | December 31, 2024 | |||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 2,123 | $ | 2,341 | ||||
Investments in United States Treasury Bills | 14,312 | 16,598 | ||||||
Investment in available for sale securities | 204 | 294 | ||||||
Investment in equity method limited partnership | 1,810 | 1,645 | ||||||
Accounts receivable | 294 | 284 | ||||||
Prepaid expenses | 181 | 192 | ||||||
Materials and supplies | - | 59 | ||||||
Income taxes receivable | 105 | - | ||||||
Total current assets | 19,029 | 21,413 | ||||||
Telecommunications, property, plant and equipment, net | 929 | 958 | ||||||
Goodwill | 337 | 337 | ||||||
Other intangibles, net | 19 | 30 | ||||||
Other investments | 2,758 | 1,636 | ||||||
Deferred income taxes | - | 39 | ||||||
Other assets | 46 | 59 | ||||||
Total assets | $ | 23,118 | $ | 24,472 | ||||
Liabilities | ||||||||
Current liabilities | ||||||||
Income taxes payable | $ | - | $ | 14 | ||||
Trade accounts payable and accrued expenses | 186 | 138 | ||||||
Accrued liabilities | 324 | 284 | ||||||
Total current liabilities | 510 | 436 | ||||||
Deferred income taxes | 87 | -- | ||||||
Other liabilities | 32 | 46 | ||||||
Total liabilities | 629 | 482 | ||||||
Equity | ||||||||
Common stock, par value $.01, 30,000 shares authorized; 26,865 issued; 11,244 and 12,266 outstanding | -- | -- | ||||||
Contributed capital | 7,112 | 7,112 | ||||||
Retained earnings | 37,680 | 37,416 | ||||||
Treasury stock, 15,622 and 14,600 shares at cost | (22,303 | ) | (20,538 | ) | ||||
Total equity | 22,489 | 23,990 | ||||||
Total liabilities and equity | $ | 23,118 | $ | 24,472 | ||||
| CIBL Inc. and Subsidiaries EBITDA Reconciliation (Unaudited) (USD in thousands) | Attachment C | |||||||||||||||
The following table is a reconciliation of Net income to EBITDA from operations: | ||||||||||||||||
Three Months Ended | Year Ended | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Net income | $ | 50 | $ | 51 | $ | 264 | $ | 143 | ||||||||
Adjustments: | ||||||||||||||||
Interest income | (171 | ) | (221 | ) | (735 | ) | (1,013 | ) | ||||||||
Income tax expense | 34 | 27 | 101 | 60 | ||||||||||||
Depreciation and amortization | 54 | 43 | 207 | 143 | ||||||||||||
Total adjustments | (83 | ) | (151 | ) | (427 | ) | (810 | ) | ||||||||
EBITDA | (33 | ) | (100 | ) | (163 | ) | (667 | ) | ||||||||
Corporate office expenses | 268 | 199 | 1,031 | 945 | ||||||||||||
Equity in (earnings) loss of affiliated companies | (47 | ) | 68 | (278 | ) | 215 | ||||||||||
Unrealized and realized (gains) losses on available for sale securities | (16 | ) | (18 | ) | (25 | ) | 97 | |||||||||
EBITDA from operations | $ | 172 | $ | 149 150 | $ | 565 | $ | 590 | ||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260303695584/en/
Kenneth D. Masiello
Chief Financial Officer
(775) 664-3700
FAQ**
How does CIBL Inc CIBY plan to enhance its revenue streams going forward after the successful broadband projects completed in 2025?
With EBITDA from operations decreasing in 2025, what strategies is CIBL Inc CIBY implementing to improve operational efficiency and profitability in the next fiscal year?
Considering the repurchase of shares at an average price of $1,695, how does CIBL Inc CIBY view its current valuation, and what are the future implications for shareholder value?
Given the significant rise in other income due to investments, how does CIBL Inc CIBY plan to sustain and leverage its investment strategy in a potentially volatile market environment?
**MWN-AI FAQ is based on asking OpenAI questions about CIBL Inc (OTC: CIBY).
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