#Canada #Montreal #Financial Growth #Telecommunications #Quebecor

Quebecor Inc. Announces 2025 Financial Results

On February 26, 2026, Quebecor Inc., a leading telecommunications and media company in Canada, released its consolidated financial results for the fourth quarter and the full year of 2025. The report indicates substantial growth across several key metrics, reinforcing Quebecor's position as a frontrunner in the Canadian telecommunications market.

Key Financial Highlights of 2025

Quebecor reported a remarkable free cash flow of $1.43 billion, which marks an increase of $305.4 million, representing a 27.3% surge over the previous year. Overall revenues climbed to $5.68 billion, an uptick of $36.9 million or 0.7%. Adjusted EBITDA grew by $25.7 million or 1.1%, reaching a total of $2.39 billion. The favorable financial results were achieved despite a significant $110.8 million rise in stock-based compensation charges due to the rise in stock prices through 2025.

• - Telecommunications Segment: This sector of Quebecor also saw a healthy increase, with adjusted EBITDA growing by $47.8 million (2.0%), complemented by a revenue increase of $12.4 million (0.3%). Notably, revenues from mobile telephony services surged by $112.2 million, or 6.7%, demonstrating the effectiveness of marketing strategies and customer retention efforts.
• - There was a net addition of 311,000 mobile phone connections, indicating a robust growth rate of 7.6%. Additionally, the company's Internet access service subscriptions saw a minor increment of 7,500, resulting in a total of 214,100 revenue-generating units in the telecommunications division.

Profitability and Debt Management

Quebecor's net income attributable to shareholders reached $856 million ($3.73 per share), reflecting a notable increase of 14.5% compared to the previous year. Adjusted net income also rose by 17.8%, bringing it to $879.7 million ($3.83 per share). Notably, the consolidated net debt leverage ratio improved to 2.95x, maintaining the position of having the lowest debt ratio among major telecommunications providers in Canada.

As per the Board of Directors' decision, the quarterly dividend on Class A and Class B shares was increased by 14.3%, reflecting the company’s commitment to returning value to its shareholders.

Expansion and Technological Advancements

In 2025, Videotron Ltd, one of Quebecor's primary brands, expanded its internet and television services built on Helix technology to over 180,000 households in various Québec areas. Furthermore, partnerships with local entities enabled enhanced wireless service coverage, particularly in regions experiencing connectivity challenges. Notable is Videotron’s expansion of its GIGA Internet service—increasing download speeds to more than 350,000 households within key regions.

Additionally, Freedom Mobile has begun integrating advanced spectrum technology into its 5G network across Ontario, Alberta, and British Columbia, promising users improved connectivity and potential download speeds exceeding 1 Gbps. This strategic expansion is anticipated to significantly bolster Freedom's market position within the competitive telecom landscape.

Commitment to Customer Satisfaction

Customer service excellence remains a priority for Quebecor brands, as shown by recent industry surveys. Videotron has been crowned Quebec's top telecom provider for in-store experience for the third consecutive year, while Fizz continues to lead in online customer satisfaction. The stability of complaints related to Quebecor's services, despite rising issues in the broader telecommunications sector, indicates a solid customer approval rating.

Conclusion: Quebecor Inc.’s comprehensive financial results for 2025 reveal the strength and resilience of the business in a competitive environment. With strategic investments, service expansions, and a keen focus on customer experience, Quebecor is well-positioned to continue its upward trajectory in the telecommunications industry. The groundwork laid in 2025 promises continued success as the company embarks on new initiatives in the coming years.