Q4 2025 Cogeco Communications Inc Earnings Call Transcript
Key Points
- Cogeco Communications Inc (CGEAF) 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, demonstrating strong financial performance.
- Cogeco Communications Inc (CGEAF) experienced its best Canadian internet customer growth in 13 years, driven by market share gains in its legacy footprint.
- The launch of Canadian wireless services is ahead of plan, with positive early sales results allowing the company to reduce initial promotional offers.
- In Ohio, Cogeco Communications Inc (CGEAF) achieved customer growth for the first time since acquiring the business four years ago, indicating successful market penetration strategies.
- Cogeco Communications Inc (CGEAF) faced a 1.5% revenue decline in Canada in Q4, primarily due to lower revenue per customer from fewer video and wireline phone service subscribers.
- In the US, Breezeline's revenue declined by 9.2% in constant currency, impacted by a cumulative decline in the subscriber base and a competitive pricing environment.
- The company reported a 6.2% decline in diluted earnings per share, attributed to lower debt and higher financial and restructuring costs.
- 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 Communications Inc (CGEAF) anticipates a 0% to 2% decrease in adjusted EBITDA for fiscal 2026, reflecting ongoing revenue pressures in the US and investments in sales and marketing.
Good day Welcome to Cogeco Inc. And Cogeco Communications Inc. Q4 2025 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Patrice Ouimet, Chief Financial Officer of Cogeco Inc. And Cogeco Communications Inc. Please go ahead, Mr. Ouimet.
Thank you, operator. So good morning everyone. Welcome to our 4th 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 Fred Perron for opening remarks.
Thank you, Patrice. Good morning,
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