Optimum Communications flags prior financial statements as unreliable, plans restatement over deferred tax errors

• Optimum Communications’ audit committee flagged errors in deferred tax accounting, triggering non-reliance on prior financial statements.
• Restatements planned for the year ended Dec. 31, 2025, plus interim periods through June 30, 2026.
• Net losses expected to drop by about $430 million for 2025 periods, about $720 million for early 2026 periods.
• Cash balances, revenue, capex, cash flow, EBITDA, loss before income taxes expected to remain unchanged.
• Material weakness expected in income tax controls; prior ICFR assessments by management and KPMG no longer reliable.

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. Optimum Communications Inc. 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: 0001702780-26-000057), on September 21, 2026, and is solely responsible for the information contained therein.