By Breaking Belize News Staff: Belize Telemedia Limited says it recorded a $36.9 million net profit for the 2025 to 2026 fiscal year, marking what the company described as a record financial performance.
The results were announced as BTL held its 20th Annual General Meeting on September 17.
According to the company, net profit has increased by 581 percent from $5.4 million at the beginning of its five year strategic period.
Earnings per share also increased from $0.07 to $0.70, while cash and cash equivalents grew to $62.8 million.
BTL reported that its long term debt declined significantly over the same period, falling from $77.8 million to $15.6 million.
Shareholders also approved a $0.37 per share dividend for the fiscal year that ended March 31, 2026.
The telecommunications company says it has expanded its operations during the past five years and now operates more than 180 mobile sites nationwide. Its portfolio includes mobile, broadband, fixed telephony, television and financial technology services.
Chief Executive Officer Ivan Tesucum said the financial results reflect progress made in strengthening and transforming the company.
Looking ahead, BTL says its next strategic phase will focus on network reliability, operational efficiency and increased adoption of technologies including artificial intelligence, automation, cloud services, cybersecurity and advanced analytics.
The post BTL reports record $36.9 million net profit as shareholders approve dividend appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Breaking Belize News Staff: Belize Telemedia Limited says it recorded a $36.9 million net profit for the 2025 to 2026 fiscal year, marking what the company described as a record financial performance. The results were announced as BTL held its 20th Annual General Meeting on September 17. According to the company, net profit has
The post BTL reports record $36.9 million net profit as shareholders approve dividend appeared first on Belize News and Opinion on www.breakingbelizenews.com.