Uniti Group Inc 2025年度报告

MY FELLOW STOCKHOLDERS: 2025 was a landmark year for Uniti. We successfully closed our transformative merger withWindstream, establishing us as the true premier insurgent fiber provider. We now have a scaled national wholesale fiber footprint that puts us in rare company to winlarge scale fiber infrastructure deals, and we are first or early with fiber to hundreds of Tier IIand III markets around the country. Within a few months of closing the transaction in August 2025, we established a new insurgentleadership team with recent, successful experience transforming fiber-to-the-home businesses.We reignited the fiber builds at both Kinetic and Fiber Infrastructure segments and have significantlylowered our cost of capital through several landmark ABS transactions and debt refinancings. We arewell positioned strategically, and we have the right assets, plan and team in place going forward. Our business is being fueled by twin engines: the fiber-to-the-home build at Kinetic, and thehyperscaler/AI build at Fiber Infrastructure. Kinetic made significant progress in our fiber-to-the-home build in 2025, reaching approximately1.9 million homes at year-end, and we remain committed to passing 3.5 million homes with fiber by theend of 2029. Fiber Infrastructure closed 2025 strong as well, bringing the largest customer contracts ever signedin our company’s history. Our priorities won’t change in 2026. We will ramp our fiber-to-the-home build at Kinetic, targeting450,000 to 500,000 new homes, almost doubling last year’s activity, and approximately 700,000consumer fiber customers by the end of 2026. Fiber Infrastructure continues to benefit from thetailwinds driving wholesale fiber, including fiber-to-the-home, mobile wireless, satellite and, of course,hyperscaler and generative AI demand, among others. In closing, I want to thank our investors and customers for their continued support of Uniti. I alsowant to express my gratitude once again to our dedicated employees for their continued hard work.They are the main reason Uniti is certified as one of the top workplaces in the U.S. With our focus on disciplined strategic fiber builds, a long runway for profitable growth, and nosignificant near-term debt maturities, Uniti’s future is bright as we work to build value for all ofour stakeholders. Sincerely, Kenny A. GundermanPresident & Chief Executive Officer UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549________________________________________________________________ FORM 10-K (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _____ to _____Commission File Number 001-42779________________________________________________________________ Uniti Group Inc. (Exact name of Registrant as specified in its Charter)________________________________________________________________ Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesxNoo Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. YesxNoo Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant wasrequired to submit such files). YesxNoo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerxNon-accelerated filero Accelerated fileroSmaller reporting companyoEmerging growth companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered publicaccounting firm th