Q4 2025 Cogeco Inc and Cogeco Communications Inc Earnings Call Transcript
Key Points
- Cogeco Inc (CGECF) reported a 110 basis points year-on-year improvement in adjusted EBITDA margin, indicating successful cost management and operational efficiencies.
- The company achieved a $38 million year-on-year increase in free cash flow in constant currency, driven by CapEx efficiencies and network investments.
- Cogeco Inc (CGECF) experienced its best Canadian internet customer growth in 13 years, primarily due to market share gains in its legacy footprint.
- The launch of Canadian wireless services is ahead of schedule, with positive early sales results allowing the company to reduce initial promotional offers.
- Cogeco Inc (CGECF) increased its dividend by 7%, reflecting confidence in future cash flow growth and financial stability.
- Cogeco Inc (CGECF) faced a 9.2% revenue decline in the US due to subscriber base declines and a competitive pricing environment.
- Adjusted EBITDA in the US declined by 7.9% in constant currency, impacted by lower revenue and competitive pressures.
- The company's consolidated revenue decreased by 5.3% in constant currency, with adjusted EBITDA declining by 3.3%, mainly due to US market challenges.
- Free cash flow in constant currency decreased by 27.4% in the quarter, although it was up by 7.9% for the full year.
- Cogeco Inc (CGECF) anticipates a decrease in revenue and adjusted EBITDA for fiscal 2026 due to ongoing competitive pressures and necessary investments in sales and marketing.
Welcome to Cogeco Inc and Cogeco Communications Inc. Q4 2025 earnings conference call. (Operator Instruction) I would like to turn the conference over to Mr. Patrice Ouimet, Chief Financial Officer of Cogeco Inc and Cogeco Communications Inc.
Thank you operators. So good morning everyone. Welcome to our Fourth quarter conference call. So as usual, before we begin the call, I'd like to remind listeners that today's discussion will include estimates and other forward-looking information. We ask that you review the cautionary language in the press releases and annual report issued yesterday regarding the various risks, assumptions, and uncertainties that could cause our actual results to differ.
So with that, I'll pass the line to Frédéric Perron for opening remarks.
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Thank you, Patrice. Good
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