BTL Records Five Hundred Percent Profit Surge

Five years ago, BTL earned just over five million dollars in net profit. Today, that figure has climbed to a record thirty-six-point-nine million dollars. At its twentieth Annual General Meeting, Belize Telemedia Limited reported a five hundred and eighty-one percent surge in profits between 2020 and 2026, marking a dramatic finish to its latest strategic cycle. Company leaders say the growth did not happen on paper alone. BTL also expanded its network, attracted more customers and recorded gains in revenue and earnings per share. Chairman Mark Lizarraga and Chief Executive Officer Ivan Tesucum are calling it one of the strongest periods in the company’s history. But with record profits now on the books, the bigger question is how that success will translate into better service, greater value for customers and stronger returns for shareholders.

 

Markhelm Lizarraga, Chairman, BTL

“At the beginning of this term in 2020, BTL reported a net profit of five point four million and by physical 2025/2026 our net profit had reached a record thirty-six point nine million an increase of five hundred and eighty-one percent over this period. Earnings per share increased as well, tenfold from seven cents to seventy cents. Revenue grew at an average annual rate over the period of approximately four percent, culminating at a hundred and sixty-four point nine million. Return and equity improved from one point nine to fifteen percent, surpassing even our targets. Reflecting a significantly stronger ability to covert shareholder investment into substantial and sustainable earnings and long-term value.”

 

Ivan Tesucum, CEO, BTL

“We have increased the earnings power of the organization by six point eight times, we have grown the return on equity by eight times, and what shows how powerful and strong the balance sheet is, we went from a net debt position of thirty-five point eight million, meaning that you owed thirty-five point eight million, to net cash meaning that you have it in your pocket, forty-five point nine million That’s a swing of eighty-one point sveen million dollars over the five year period. That is tremendous.”

 

BTL reported major investments over the past five years, including the construction of forty-one new mobile sites, an expansion of broadband service to forty-seven thousand homes, and its transformation into Belize’s only five-play provider, offering mobile, broadband, fixed-line, television, and fintech services.

 

Attention readers: This online newscast is a direct transcript of our evening television broadcast. When speakers use Kriol, we have carefully rendered their words using a standard spelling system.

 

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