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TELUS Financial Performance for Second Quarter 2025

On August 1, 2025, TELUS Corporation announced its operational and financial results for the second quarter of 2025, showcasing remarkable growth. The company reported an increase of 198,000 new mobile and fixed customers, highlighted by a strong demand for their innovative bundled services and strategic expansion of TELUS PureFibre connectivity.

Key Financial Highlights

During this period, TELUS achieved a 2% growth in operating revenue, reaching $5.1 billion compared to the previous year. The growth trajectory was underpinned by increased service revenues in their TTech and TELUS Health segments, enhancing their diversified business model. Furthermore, the Adjusted EBITDA grew by 4%, reflecting the strong performance of their various business verticals.

A noteworthy aspect of the report was the 11% increase in consolidated free cash flow, providing a robust financial foundation for TELUS moving forward. The company reaffirmed its financial targets for 2025, which include an expected revenue growth of 2 to 4% and a free cash flow of approximately $2.15 billion.

Strategic Initiatives and Investments

TELUS announced a significant agreement with La Caisse, marking the setup of a new wireless tower infrastructure operator named Terrion, from which they will monetize their portfolio for $1.26 billion. This initiative aims to streamline their operations while achieving a targeted net debt to EBITDA ratio of approximately 3.55 times by the end of 2025.

Darren Entwistle, President and CEO of TELUS, highlighted that the expansion of TELUS PureFibre to homes and businesses across Canada, particularly in Ontario and Quebec, has redefined how Canadians experience telecommunications services. The advancements include AI-driven smart home energy management and enhanced healthcare solutions, contributing to an increased quality of life across multiple sectors.

The second-quarter customer growth included 167,000 mobile phone additions and 31,000 fixed customer additions, showcasing the effectiveness in retaining customers with a churn rate of just 0.90% for postpaid mobile phones.

Strong Performance in TELUS Health

The TELUS Health business segment also garnered attention, recording a remarkable 16% growth in operating revenue and a stunning 29% increase in Adjusted EBITDA, reaching over 157 million lives covered globally. The growth in this segment was driven by strategic acquisitions such as Workplace Options, product enhancements, and effective cost management strategies.

Entwistle emphasized that the company’s commitment to operational excellence was integral in achieving these impressive results. The advancements in TELUS Health were further strengthened by recent investments that are geared towards integrating innovative health solutions into their offerings.

Community Contributions and Corporate Responsibility

In addition to robust financial performance, TELUS showcased its dedication to community support. The company's Friendly Future Foundation raised over $2.625 million during its recent gala to support educational initiatives for students from underserved communities. With more than 1,025 students helped so far, the Foundation remains committed to fostering educational opportunities across Canada.

As part of its corporate social responsibility efforts, TELUS also continued to invest in sustainable practices and community programs aimed at improving digital literacy and accessibility. Initiatives like Internet for Good and Mobility for Good underline their mission to connect underserved populations while promoting environmental stewardship.

Looking Ahead

Moving forward, TELUS appears poised for sustainable growth and innovation. The company is focused on enhancing its market position while continuing to provide unmatched value to customers and stakeholders. By leveraging their leading-edge technologies and deep community ties, TELUS not only aims to meet but exceed its 2025 fiscal targets. With a clear strategy and passionate leadership, TELUS is set to redefine telecommunications in Canada, pushing boundaries for customer satisfaction and corporate responsibility in the coming years.