By Adriano Marchese

Telus's profit and revenue fell in the fourth quarter as modest growth in service revenue was outweighed by weaker mobile-equipment sales and other income.

The Canadian telecom company on Thursday posted a decline in net income to 290 million Canadian dollars ($213.6 million), or C$0.19 a share, down from C$320 million, or C$0.24 a share, in the comparable quarter a year ago.

On an adjusted basis, which strips out exceptional items and one-off costs, earnings came to C$0.20 a share, below forecast of C$0.25 a share, according to a poll on FactSet.

Operating revenue and other income fell to C$5.26 billion from C$5.38 billion, missing forecasts which expected a slight rise to C$5.39 billion.

Telus technology solutions, its core telecom and technology segment, saw a 4% decline, largely due to lower mobile-equipment revenue.

Mobile phone net additions were 50,000 in the quarter, down 20,000 from a year ago, and just below the 50,800 expected by analysts. Mobile phone average revenue per user fell 1.6% as customers shifted to cheaper base-rate plans, roaming weakened, and competition among the big telcos continued to pressure pricing.

Internet net additions were 35,000, a decrease of 2,000.

Looking ahead to 2026, Telus said it expects consolidated service revenues, and adjusted earnings before interest, taxes, depreciation and amortization to both grow between 2% and 4%. Consolidated free cash flow is expected to grow 10% to about C$2.45 billion, while capital expenditures are expected to decline by 10%.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 12, 2026 08:18 ET (13:18 GMT)

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