EX-99.1 2 glbk-20260806xex99d1.htm EX-99.1 Exhibit 99.1 LIBERTY CAPITAL REPORTS SECOND QUARTER 2026 FINANCIAL AND OPERATING RESULTS Englewood, Colorado, August 6, 2026 - Liberty Capital Corporation (“Liberty Capital”) (Nasdaq: GLIBA, GLIBK) today reported second quarter 2026 results. Headlines include(1): For the three months ended June 30, 2026, Liberty Capital(2) revenue was flat at $261 million, operating income was $29 million and Adjusted OIBDA(3) declined 11% to $96 million Liberty Capital generated net cash provided by operating activities of $308 million and free cash flow(3) of $59 million over the trailing twelve months ended June 30, 2026 Re-financed certain GCI debt facilities with additional financing capacity during the quarter and repurchased $129 million of 2028 unsecured notes subsequent to quarter end GCI expects to close the Quintillion acquisition this year Liberty Capital intends to initiate a recurring quarterly dividend beginning in December 2026, with an aggregate amount of approximately $60 million annualized at inception “Our priorities remain unchanged - namely driving operational excellence and growing free cash flow at GCI while g…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Liberty Capital Corporation
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On August 6, 2026, Liberty Capital Corporation (the "Company") issued a press release (the "Earnings Release") setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the…
Company context
GCI Liberty was formed in Nevada in December 2024 for the purpose of ultimately holding the GCI Business. On July 14, 2025, Liberty Broadband and its subsidiaries completed an internal reorganization in order for Liberty Broadband to transfer the GCI Business to GCI Liberty in exchange for GCI Liberty stock, including 10,000 shares of GCI Liberty non-voting preferred stock, and the assumption of liabilities related to the GCI Business by GCI Liberty. The internal reorganization resulted in GCI Liberty owning, directly or indirectly, GCI, LLC and the operations comprising, and the entities that conduct, the GCI Business. Following the internal reorganization, on July 14, 2025, Liberty Broadband sold all of the non-voting preferred stock (the “preferred stock sale”) to third parties. Following the preferred stock sale, GCI Liberty effected a reclassification of GCI Liberty’s existing common stock into a sufficient number of shares of Series A GCI Group common stock, Series B GCI Group common stock and Series C GCI Group common stock to complete the divestiture of GCI Liberty pursuant to the distribution (the “distribution”) by Liberty Broadband to the holders of record of Liberty Broadband common stock, as of the record date for the distribution, of all the shares of GCI Group common stock held by Liberty Broadband immediately prior to the distribution. The internal reorganization, the preferred stock sale, the reclassification and the distribution are collectively referred as