#Canada #Montreal #financial results #Telecommunications #Quebecor Inc.

Quebecor Inc.: Strong Financial Performance in 2025

Quebecor Inc., one of Canada's leading multimedia communications companies, reported impressive consolidated financial results for the fourth quarter and the full year of 2025 during its announcement on February 26, 2026. This year has been particularly significant as it marked a strong rebound in free cash flows, revenues, and overall net income.

Key Financial Highlights

In 2025, Quebecor recorded free cash flows of $1.43 billion, reflecting a remarkable increase of 27.3% compared to 2024. The corporation’s revenues reached $5.68 billion, up by 0.7% or $36.9 million, while adjusted EBITDA climbed to $2.39 billion, reflecting a slight growth of 1.1%.

Excluding the unfavorable impacts of increased stock-based compensation charges due to robust share price growth and the beneficial effects of retroactive agreements for carriage fees, adjusted EBITDA showcased a notable rise of 4.7%.

The telecommunications segment played a pivotal role in these results, with its adjusted EBITDA increasing by 2.0% and revenues by 0.3%. Notably, mobile telephony services saw a surge in revenue by 6.7%, contributing significantly to Quebecor’s overall growth strategy.

Customer Connectivity and Service Expansion

The numbers from Quebecor highlight a net increase of 311,000 connections to its mobile telephony services, a 7.6% growth, alongside 7,500 new subscriptions to its Internet service. This translates to an increase in revenue-generating units in the telecommunications segment, indicative of Quebecor's increasing market share and successful customer retention strategies.

During the fourth quarter alone, Quebecor reported a 3.2% increase in revenues, alongside escalating free cash flows and adjusted EBITDA figures, culminating in a strong net income attributable to shareholders of $211.5 million. This equated to $0.93 per basic share, which is a 19.0% increase over the previous year’s results.

Strategic Developments in Telecommunications

Throughout 2025, Quebecor's subsidiary, Videotron Ltd, successfully expanded its Helix technology-based Internet and television services, reaching over 180,000 households in various Quebec communities. In partnership with Ecotel Inc., Videotron significantly enhanced its wireless coverage in the Haute-Mauricie region, benefiting over 10,000 additional residents.

The company also rolled out its GIGA Internet services to regions such as Quebec City and Outaouais, benefitting an additional 350,000 households with faster download speeds. Freedom Mobile Inc. also made strides, facilitating the phased rollout of 3800 MHz spectrum across its 5G+ network.

Recognition and Customer Satisfaction

Quebecor’s brands, including Videotron, Fizz, and Freedom, received accolades for their outstanding customer service in 2025. Videotron was recognized as the top telecom provider in Quebec for the in-store experience for three consecutive years, while Fizz maintained its lead in online customer experience for seven years running.

Moreover, a report released by the Commission for Complaints for Telecom-television Services (CCTS) highlighted Quebecor's excellence in customer satisfaction, revealing that the overall complaints in Canadian telecommunications rose by 17% while complaints regarding Quebecor’s services remained stable.

Conclusion

As Quebecor starts 2026, the company is well-positioned to continue its growth trajectory, backed by solid financial results and ongoing commitment to enhancing customer experiences. As stated by President and CEO Pierre Karl Péladeau, “Due to our solid results, we were able to reduce our consolidated net debt by nearly $800 million in 2025,” illustrating a clear path in achieving sustainable value creation for stakeholders.

Looking ahead, Quebecor’s strategic initiatives, including its technological advancements and customer-centric approach, hint at a positive outlook for the company as it endeavors to further expand its services and enhance connectivity across Canada.