Q4 2025 Quebecor Inc Earnings Call Transcript

Feb 26, 2026 / 04:00PM GMT
Release Date Price: $39.15 (-2.76%)

Key Points

Positve
  • Quebecor Inc (QBCAF) reported a strong financial performance with a free cash flow increase of 21.9% in Q4 and 27.3% for the full year 2025.
  • The telecom segment delivered its strongest quarter since the acquisition of Freedom Mobile, with a 9.5% increase in mobile service revenue.
  • Adjusted net income rose by 21.2% in Q4 and 17.8% for the year, showcasing robust profitability.
  • The company's leverage ratio decreased to 2.95 times, the lowest among the top four telecoms in Canada.
  • Quebecor Inc (QBCAF) declared a 14% increase in quarterly dividends, reflecting confidence in its financial health.
Negative
  • The media segment, despite improvements, still faces challenges with cumulative net losses of $61 million due to declining subscriber numbers and advertising revenues.
  • The sports and entertainment segment saw a 16% decrease in revenues in Q4, impacting overall performance.
  • Quebecor Inc (QBCAF) faces a competitive telecom environment with aggressive discounting and pricing pressures.
  • The company anticipates continued high investment levels in CapEx for network expansion, which may impact short-term cash flows.
  • There is uncertainty regarding the sustainability of current growth levels in the internet segment due to competitive pressures in Quebec.
Operator

Good day, everyone, and thank you for standing by. Welcome to the Quebecorp Inc.s Financial results for the fourth quarter in full year 2025 conference call. I would now like to introduce Hug Sima, Chief Financial Officer of Quebeco Inc. Please go ahead.

Hugues Simard
Quebecor Inc - Chief Financial Officer

Thank you ladies and gentlemen. Welcome to this Quebecco conference call. My name is Ec Siard. I'm the CFO, and joining me to discuss our financial and operating results for the fourth quarter and the full year of 2025 is Pier Pirado, our President and Chief Executive Officer.

Anyone unable to attend the conference call will be able to access the recorded version by logging on to the webcast available on Quebecor's website. Until the 27th of April of this year. As usual, I also want to inform you that certain statements made on the call today may be considered forward-looking, and we would refer you to the risk factors outlined in today's press release and reports filed by the corporation with regulatory authorities. Let me now turn the floor to.

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