Quarterly ResultMay 8, 2026, 07:12 AM
TELUS Q1 Net Income $144M (-52%), EPS $0.09 (-57%)
AI Summary
TELUS Corporation reported a significant decline in its first-quarter 2026 financial results. Net income decreased by 52% to $144 million, and basic earnings per common share fell by 57% to $0.09 compared to the same period last year. Operating revenues also saw a slight decrease to $4,989 million. Despite the earnings decline, the company improved its net debt to EBITDA ratio to 3.5 times and increased dividends paid to common shareholders. The company is also assessing the impact of IFRS 18, effective January 1, 2027, which will alter financial statement presentation.
Key Highlights
- Net income for Q1 2026 was $144 million, down from $301 million in Q1 2025.
- Basic earnings per common share for Q1 2026 was $0.09, down from $0.21 in Q1 2025.
- Operating revenues for Q1 2026 were $4,989 million, a slight decrease from $5,018 million in Q1 2025.
- Net debt to EBITDA (excluding restructuring and other costs) was 3.5x as of March 31, 2026, down from 3.9x a year prior.
- Cash provided by operating activities was $1,050 million in Q1 2026, compared to $1,077 million in Q1 2025.
- Dividends paid to common shareholders increased to $430 million in Q1 2026 from $402 million in Q1 2025.
- Total weighted average common shares outstanding (basic) increased to 1,561 million from 1,514 million.
- TELUS Common Share dividend payout ratio was 73% for the 12-month period ended March 31, 2026.