OPTU Optimum Communications, Inc.

“As a result of this error, our Audit Committee, in consultation with management, concluded that certain of the Company s previously issued financial statements should no longer be relied upon, and such financial statements have been restated.”

“Based on that re-evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of June 30, 2026, because of the material weakness in internal control over financial reporting described below.”

“In connection with the restatement of our consolidated financial statements as of and for the three and six months ended June 30, 2026, management identified a material weakness in our internal control over financial reporting related to the accounting for income taxes.”

“For the three and six months ended June 30, 2026, we recorded a tax benefit of $39,926, as restated, and $807,935, as restated, on pre-tax loss of $320,800 and $3,242,884, respectively.”

“Three Months Ended June 30, Favorable (Unfavorable) Six Months Ended June 30, Favorable (Unfavorable) 2026 2025 2026 2025 (as restated) (as restated) Revenue:”

“our ability to effectively remediate the material weakness in our internal control over financial reporting related to the accounting for income taxes and any impact on our ability to accurately report our financial results”

“Due to the restatement of these periods, the data set forth in this MD&A may not be comparable to discussions and data included in our previously filed Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026.”

“For the three and six months ended June 30, 2026, we recorded a tax benefit of $ 39,926 , as restated, and $ 807,935 , as restated on pre-tax loss of $ 320,800 and $ 3,242,884 , respectively.”

“Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (as restated) (as restated) Net loss attributable to Optimum Communications stockholders $ ( 290,506 ) $ ( 96,251 ) $ ( 2,451,676 ) $ ( 171,927 )”

“On September 16, 2026, the Audit Committee of the Company's Board of Directors (the "Audit Committee"), in consultation with management, concluded that our unaudited consolidated financial statements for the three and six months ended June 30, 2026 included in our Quarterly Report on Form 10-Q should be restated to correct errors related to our income tax accounting under ASC 740 Income Taxes (the "Restatement Items").”

“resulting in the conclusion by our Chief Executive Officer and Chief Financial Officer that our internal control over financial reporting and our disclosure controls and procedures were not effective as of December 31, 2025, and that our disclosure controls and procedures were not effective at a reasonable assurance level as of September 30, 2025, December 31, 2025, March 31, 2026 and June 30, 2026”

“management identified a material weakness in our internal control over financial reporting related to accounting for income taxes”

“the Audit Committee of the Company s Board of Directors (the "Audit Committee"), in consultation with management, concluded that the Company s previously issued financial statements identified below should no longer be relied upon because the Company inadvertently failed to recognize non-cash deferred tax benefits associated with two previous non-cash impairment charges of its indefinite-lived cable franchise rights”

“As a result of this error, our Audit Committee, in consultation with management, concluded that certain of the Company s previously issued financial statements should no longer be relied upon, and such financial statements have been restated.”

“Based on that re-evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of March 31, 2026, because of the material weakness in internal control over financial reporting described below.”

“In connection with the restatement of our consolidated financial statements as of and for the three months ended March 31, 2026, management identified a material weakness in our internal control over financial reporting related to the accounting for income taxes.”

“For the three months ended March 31, 2026, we recorded a tax benefit of $768,009, as restated, on pre-tax loss of $2,922,084, resulting in an effective tax rate that was higher than the U.S. statutory tax rate.”

“Results of Operations - Optimum Communications (unaudited) Three Months Ended March 31, Favorable (Unfavorable) 2026 2025 (as restated) Revenue: Broadband $ 850,039 $ 899,561 $ (49,522)”

“our ability to effectively remediate the material weakness in our internal control over financial reporting related to the accounting for income taxes and any impact on our ability to accurately report our financial results”

“This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") gives effect to certain adjustments made to our previously reported consolidated financial statements as of and for the three months ended March 31, 2026. Due to the restatement of these periods, the data set forth in this MD&A may not be comparable”

“For the three months ended March 31, 2026, we recorded a tax benefit of $ 768,009 , as restated, on pre-tax loss of $ 2,922,084 , resulting in an effective tax rate that was higher than the U.S. statutory tax rate.”

“On September 16, 2026, the Audit Committee of the Company's Board of Directors (the "Audit Committee"), in consultation with management, concluded that our unaudited consolidated financial statements for the three months ended March 31, 2026 included in our Quarterly Report on Form 10-Q should be restated to correct errors related to our income tax accounting under ASC 740 Income Taxes (the "Restatement Items").”

“that our internal control over financial reporting and our disclosure controls and procedures were not effective as of December 31, 2025, and that our disclosure controls and procedures were not effective at a reasonable assurance level as of September 30, 2025, December 31, 2025, March 31, 2026 and June 30, 2026”

“Based on this assessment, management identified a material weakness in our internal control over financial reporting related to accounting for income taxes”

“the Audit Committee of the Company s Board of Directors (the "Audit Committee"), in consultation with management, concluded that the Company s previously issued financial statements identified below should no longer be relied upon”

“We recorded an income tax benefit of $528,687, as restated, for the year ended December 31, 2025, resulting in an effective tax rate of 27.4% that was higher than the U.S. statutory tax rate primarily due to the impact of federal and state tax credits.”

“The following is a reconciliation of net loss to Adjusted EBITDA (unaudited), as restated: Years Ended December 31, 2025 2024 (as restated) Net loss $ (1,401,268) $ (78,277)”

“This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") gives effect to certain adjustments made to our previously reported consolidated financial statements as of and for the year ended December 31, 2025, and as of and for the quarterly and year to date periods ended September 30, 2025.”

“consultation with management, concluded that certain of the Company s previously issued financial statements should no longer be relied upon, and such financial statements have been restated.”

“In connection with the restatement of our consolidated financial statements as of and for the year ended December 31, 2025, management identified a material weakness in our internal control over financial reporting related to the accounting for income taxes.”

“Not effectively remediating the material weakness in our internal control over financial reporting related to the accounting for income taxes could cause us to not be able to accurately report our financial results.”

“Years ended December 31, 2025 2024 2023 (as restated) (in thousands, except percentage data) Customer Relationships (a) 4,333.6 4,550.3 4,743.5”

“resulting in the conclusion by our Chief Executive Officer and Chief Financial Officer that our internal control over financial reporting and our disclosure controls and procedures were not effective as of December 31, 2025.”

“management identified a material weakness in our internal control over financial reporting related to accounting for income taxes”

“the Audit Committee of the Company s Board of Directors (the "Audit Committee"), in consultation with management concluded that the Company s previously issued financial statements identified below should no longer be relied upon because the Company inadvertently failed to recognize non-cash deferred tax benefits associated with two previous non-cash impairment charges of its indefinite-lived cable franchise rights”

“This material weakness resulted in the failure to recognize deferred tax benefits associated with impairment charges on indefinite-lived cable franchise rights and the restatement of certain of our previously issued consolidated financial statements as further described in the amendments to our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026.”

“Management previously identified a material weakness in our internal control over financial reporting related to the accounting for income taxes. We did not design and maintain effective controls at a sufficient level of precision to identify and evaluate the deferred tax consequences of a non-routine impairment charge involving indefinite-lived cable franchise rights.”

“Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of September 30, 2026, because of the material weakness in internal control over financial reporting described below.”

“our ability to effectively remediate the material weakness in our internal control over financial reporting related to the accounting for income taxes and any impact on our ability to accurately report our financial results”