Overview

• Canada telecom provider's Q4 revenue declined slightly compared to last year

• Adjusted EBITDA for Q4 remained flat yr/yr

• Net income for Q4 fell 9% yr/yr

Outlook

• Telus targets 2026 service revenue growth of 2 to 4%

• Company expects 2026 adjusted EBITDA growth of 2 to 4%

• Telus forecasts 2026 free cash flow growth of 10% to approximately C$2.45 bln

Result Drivers

• CUSTOMER GROWTH - Telus added 377,000 net customers in Q4 2025, driven by mobile and fixed service expansions, despite competitive pressures

• HEALTH SERVICES EXPANSION - Growth in health services revenue was driven by acquisitions and increased demand for virtual solutions

• DIGITAL SOLUTIONS - Increased adoption of digital solutions contributed to operational efficiencies and cost reductions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Telus Corp is C$21.00, about 8.6% above its February 11 closing price of C$19.33

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn6KjG88a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)