Q4 2025 Telus Corp Earnings Call Transcript

Feb 12, 2026 / 06:00 PM GMT

Release Date Price: C$18.96 (-1.91%)

Transcript

Key Points

Positve

TELUS Corp (TU) achieved record free cash flow of $22 billion for the full year, representing an 11% increase over 2024 and exceeding their annual target.
The company led the industry with 1.1 million mobile and fixed customer net additions in 2025, marking the fourth consecutive year of surpassing 1 million additions.
TELUS Corp (TU) reported industry-leading postpaid mobile phone churn of 0.97% for the full year in 2025, marking the 12th consecutive year below the 1% threshold.
The company successfully delivered $431 million in LifeWorks annualized synergies, surpassing their public target and demonstrating strong execution on transformational integrations.
TELUS Corp (TU) achieved a 44% increase in AI enabling capabilities revenue in Q4 2025, supporting a 35% increase for the full year, indicating strong momentum in this high-growth area.

Negative

The wireless environment is described as more promotional than usual, with some irrational tactics observed in the industry.
Despite positive growth, TELUS Corp (TU) experienced a decline in business fixed data revenue due to revenue variability and customer contract changes.
The company is facing scrutiny regarding debt load and uncertainty, emphasizing the importance of cash flow management.
TELUS Digital's adjusted EBITDA declined by 5% year over year, despite improvements in margin compared to the previous quarter.
The company is maintaining its dividend at the current level until the share price and associated dividend yield better reflect growth prospects, indicating potential investor concerns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

T.TO - Telus Corp
Q4 2025 Telus Corp Earnings Call
Feb 12, 2026 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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The conference is now being recorded.

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Unidentified_2 [2]
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Good day everyone. Welcome to the Telus 2025 Q4 earnings conference call. I would like to introduce your speaker, Ian McMillan. Please go ahead.

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Unidentified_3 [3]
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Thank you, Carl, and hello, everyone.

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Unidentified_4 [4]
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