BCE Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	24.5B	24.4B	24.7B	24.2B	23.4B
Operating Revenue	24.5B	24.4B	24.7B	24.2B	23.4B
Cost Of Revenue	7.7B	7.7B	7.9B	7.6B	7.3B
Gross Profit	16.7B	16.7B	16.7B	16.5B	16.2B
Selling General And Administration	4.0B	4.2B	4.4B	4.4B	4.4B
General And Administrative Expense	4.0B	4.2B	4.4B	4.4B	4.4B
Depreciation And Amortization In Income Statement	5.2B	5.0B	4.9B	4.7B	4.6B
Other Operating Expenses	2.1B	1.9B	1.9B	1.9B	1.8B
Operating Expense	11.3B	11.2B	11.2B	11.1B	10.9B
Operating Income	5.4B	5.5B	5.5B	5.5B	5.3B
EBIT	9.5B	2.7B	4.8B	5.0B	5.0B
Interest Expense	1.8B	1.7B	1.5B	1.1B	1.1B
Interest Expense Non Operating	1.8B	1.7B	1.5B	1.1B	1.1B
Interest Income	79.0M	123.0M	67.0M	22.0M	11.0M
Interest Income Non Operating	79.0M	123.0M	67.0M	22.0M	11.0M
Net Interest Income	-1.6B	-1.5B	-1.3B	-1.1B	-1.1B
Other Income Expense	3.9B	-3.1B	-876.0M	-510.0M	-246.0M
Other Non Operating Income Expenses	-14.0M	59.0M	33.0M	-2.0M	60.0M
Special Income Charges	-1.3B	-2.7B	-254.0M	-418.0M	-483.0M
Restructuring And Mergern Acquisition	517.0M	454.0M	200.0M	94.0M	209.0M
Gain On Sale Of Security	5.2B	-212.0M	-102.0M	-29.0M	272.0M
Earnings From Equity Interest	8.0M	-237.0M	-553.0M	-61.0M	-95.0M
Pretax Income	7.7B	952.0M	3.3B	3.9B	3.9B
Tax Provision	1.2B	577.0M	996.0M	967.0M	1.0B
Tax Effect Of Unusual Items	602.5M	-434.1M	-106.8M	-110.9M	-55.9M
Net Income From Continuing And Discontinued Operation	6.5B	344.0M	2.3B	2.9B	2.8B
Net Income From Continuing Operation Net Minority Interest	6.5B	344.0M	2.3B	2.9B	2.8B
Net Income Including Noncontrolling Interests	6.5B	375.0M	2.3B	2.9B	2.9B
Minority Interests	-54.0M	-31.0M	-64.0M	-58.0M	-52.0M
Net Income Common Stockholders	6.3B	163.0M	2.1B	2.7B	2.7B
Net Income	6.5B	344.0M	2.3B	2.9B	2.8B
EBITDA	14.7B	7.7B	9.7B	9.8B	9.6B
Normalized EBITDA	10.8B	10.6B	10.1B	10.2B	9.8B
Reconciled Depreciation	5.2B	5.0B	4.9B	4.7B	4.6B
Basic EPS	6.79	0.18	2.28	2.98	--
Diluted EPS	6.79	0.18	2.28	2.98	--
Basic Average Shares	933.0M	912.3M	912.2M	911.5M	--
Diluted Average Shares	933.0M	912.3M	912.2M	912.0M	--
Total Unusual Items	3.9B	-2.9B	-356.0M	-447.0M	-211.0M
Total Unusual Items Excluding Goodwill	3.9B	-2.9B	-356.0M	-447.0M	-211.0M
Tax Rate For Calcs	0.15	0.15	0.30	0.25	0.27
Normalized Income	3.2B	2.8B	2.5B	3.2B	3.0B
Amortization	1.4B	1.3B	1.2B	1.1B	982.0M
Amortization Of Intangibles Income Statement	1.4B	1.3B	1.2B	1.1B	982.0M
Depreciation Amortization Depletion Income Statement	5.2B	5.0B	4.9B	4.7B	4.6B
Depreciation Income Statement	3.9B	3.8B	3.7B	3.7B	3.6B
Diluted NI Availto Com Stockholders	6.3B	163.0M	2.1B	2.7B	2.7B
Gain On Sale Of Business	--	--	79.0M	24.0M	--
Gain On Sale Of Ppe	-26.0M	-38.0M	11.0M	-27.0M	-24.0M
Impairment Of Capital Assets	1.0B	2.2B	143.0M	279.0M	197.0M
Net Income Continuous Operations	6.5B	375.0M	2.3B	2.9B	2.9B
Net Income Discontinuous Operations	--	--	--	--	0.00
Net Non Operating Interest Income Expense	-1.6B	-1.5B	-1.3B	-1.1B	-1.1B
Other Special Charges	-249.0M	--	1.0M	18.0M	53.0M
Preferred Stock Dividends	155.0M	181.0M	187.0M	152.0M	131.0M
Reconciled Cost Of Revenue	7.7B	7.7B	7.9B	7.6B	7.3B
Salaries And Wages	4.0B	4.2B	4.4B	4.4B	4.4B
Total Expenses	19.0B	18.9B	19.2B	18.7B	18.2B
Total Other Finance Cost	-102.0M	-66.0M	-108.0M	-51.0M	20.0M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	320.0M	1.6B	772.0M	149.0M	289.0M
Cash Cash Equivalents And Short Term Investments	320.0M	2.0B	1.8B	149.0M	289.0M
Cash Equivalents	6.0M	0.00	225.0M	50.0M	0.00
Cash Financial	314.0M	1.6B	547.0M	99.0M	289.0M
Other Short Term Investments	0.00	400.0M	1.0B	0.00	--
Accounts Receivable	3.9B	4.2B	3.8B	4.0B	3.7B
Receivables	5.0B	5.0B	4.5B	4.6B	4.4B
Inventory	389.0M	420.0M	465.0M	656.0M	482.0M
Prepaid Assets	379.0M	259.0M	230.0M	244.0M	254.0M
Other Current Assets	414.0M	524.0M	264.0M	324.0M	253.0M
Current Assets	7.4B	8.9B	7.9B	6.5B	6.2B
Gross PPE	93.0B	88.5B	86.8B	83.6B	82.1B
Accumulated Depreciation	-59.5B	-58.5B	-56.5B	-54.4B	-53.8B
Net PPE	33.5B	30.0B	30.4B	29.3B	28.2B
Goodwill	13.2B	10.3B	10.9B	10.9B	10.6B
Goodwill And Other Intangible Assets	30.5B	27.0B	27.6B	27.1B	26.1B
Other Intangible Assets	17.2B	16.8B	16.6B	16.2B	15.6B
Investments And Advances	1.6B	1.2B	910.0M	823.0M	851.0M
Long Term Equity Investment	396.0M	341.0M	323.0M	608.0M	668.0M
Other Investments	--	--	--	--	185.0M
Other Non Current Assets	368.0M	348.0M	279.0M	266.0M	241.0M
Total Non Current Assets	72.8B	64.6B	64.0B	62.8B	60.6B
Total Assets	80.2B	73.5B	71.9B	69.3B	66.8B
Current Debt	5.2B	6.6B	4.0B	3.2B	1.8B
Current Debt And Capital Lease Obligation	6.2B	7.7B	5.0B	4.1B	2.6B
Accounts Payable	2.8B	3.0B	3.3B	3.6B	2.9B
Payables	4.7B	4.8B	5.3B	5.3B	4.5B
Payables And Accrued Expenses	5.1B	5.2B	5.6B	5.6B	4.8B
Current Accrued Expenses	435.0M	392.0M	332.0M	281.0M	247.0M
Current Deferred Revenue	872.0M	774.0M	811.0M	857.0M	799.0M
Other Current Liabilities	672.0M	1.2B	595.0M	830.0M	825.0M
Current Liabilities	12.9B	14.8B	12.1B	11.5B	9.1B
Long Term Debt	34.9B	32.8B	31.1B	27.8B	27.0B
Long Term Debt And Capital Lease Obligation	34.9B	32.8B	31.1B	27.8B	27.0B
Other Non Current Liabilities	262.0M	224.0M	555.0M	331.0M	306.0M
Total Non Current Liabilities Net Minority Interest	44.0B	41.3B	39.3B	35.3B	34.7B
Total Liabilities Net Minority Interest	56.9B	56.1B	51.4B	46.8B	43.8B
Common Stock	21.5B	20.9B	20.9B	20.8B	20.7B
Capital Stock	24.8B	24.4B	24.5B	24.7B	24.7B
Additional Paid In Capital	1.3B	1.3B	1.3B	1.2B	1.2B
Retained Earnings	-3.6B	-8.4B	-5.5B	-3.6B	-3.4B
Gains Losses Not Affecting Retained Earnings	573.0M	-159.0M	-42.0M	-55.0M	213.0M
Other Equity Adjustments	573.0M	-159.0M	-42.0M	-55.0M	213.0M
Common Stock Equity	19.7B	13.5B	16.6B	18.3B	18.6B
Stockholders Equity	23.0B	17.1B	20.2B	22.2B	22.6B
Total Equity Gross Minority Interest	23.3B	17.4B	20.6B	22.5B	22.9B
Minority Interest	290.0M	289.0M	328.0M	337.0M	306.0M
Total Capitalization	57.9B	49.9B	51.4B	50.0B	49.7B
Net Tangible Assets	-7.4B	-10.0B	-7.3B	-4.9B	-3.5B
Tangible Book Value	-10.7B	-13.5B	-11.0B	-8.8B	-7.5B
Working Capital	-5.4B	-5.9B	-4.2B	-5.0B	-2.9B
Invested Capital	59.9B	53.0B	51.7B	49.3B	47.4B
Total Debt	41.1B	40.5B	36.2B	31.9B	29.7B
Net Debt	39.8B	37.8B	34.3B	30.8B	28.5B
Share Issued	932.5M	912.3M	912.3M	912.0M	909.0M
Ordinary Shares Number	932.5M	912.3M	912.3M	912.0M	909.0M
Allowance For Doubtful Accounts Receivable	-164.0M	-120.0M	-118.0M	-129.0M	-136.0M
Assets Held For Sale Current	7.0M	80.0M	60.0M	0.00	50.0M
Available For Sale Securities	1.2B	877.0M	587.0M	215.0M	183.0M
Capital Lease Obligations	933.0M	1.1B	1.1B	930.0M	864.0M
Commercial Paper	2.5B	2.2B	197.0M	849.0M	711.0M
Construction In Progress	2.6B	2.2B	2.4B	2.6B	2.2B
Current Capital Lease Obligation	933.0M	1.1B	1.1B	930.0M	864.0M
Current Deferred Assets	849.0M	702.0M	633.0M	540.0M	507.0M
Current Deferred Liabilities	872.0M	774.0M	811.0M	857.0M	799.0M
Current Notes Payable	86.0M	86.0M	84.0M	20.0M	24.0M
Current Provisions	55.0M	65.0M	65.0M	74.0M	81.0M
Defined Pension Benefit	4.3B	3.6B	2.9B	3.6B	3.5B
Derivative Product Liabilities	639.0M	863.0M	607.0M	191.0M	43.0M
Dividends Payable	425.0M	933.0M	910.0M	867.0M	811.0M
Employee Benefits	1.4B	1.5B	1.5B	1.6B	2.1B
Financial Assets	73.0M	224.0M	116.0M	233.0M	274.0M
Finished Goods	389.0M	420.0M	465.0M	656.0M	482.0M
Gross Accounts Receivable	4.1B	4.3B	4.0B	4.1B	3.8B
Interest Payable	435.0M	392.0M	332.0M	281.0M	247.0M
Investmentin Financial Assets	1.2B	877.0M	587.0M	215.0M	183.0M
Long Term Provisions	298.0M	288.0M	286.0M	288.0M	327.0M
Machinery Furniture Equipment	--	--	--	71.9B	70.9B
Non Current Accounts Receivable	1.3B	1.1B	1.0B	929.0M	859.0M
Non Current Deferred Assets	1.1B	1.0B	875.0M	687.0M	492.0M
Non Current Deferred Liabilities	6.5B	5.6B	5.1B	5.2B	4.9B
Non Current Deferred Revenue	374.0M	350.0M	277.0M	228.0M	246.0M
Non Current Deferred Taxes Assets	178.0M	136.0M	96.0M	84.0M	105.0M
Non Current Deferred Taxes Liabilities	6.1B	5.2B	4.9B	5.0B	4.7B
Non Current Pension And Other Postretirement Benefit Plans	1.2B	1.2B	1.3B	1.3B	1.7B
Other Current Borrowings	2.6B	4.3B	3.7B	2.3B	1.0B
Other Payable	740.0M	700.0M	633.0M	607.0M	622.0M
Other Properties	79.3B	76.2B	74.7B	71.9B	70.9B
Other Receivables	900.0M	853.0M	754.0M	702.0M	602.0M
Preferred Shares Number	131.8M	141.6M	147.0M	155.1M	160.3M
Preferred Stock	3.3B	3.5B	3.7B	3.9B	4.0B
Preferred Stock Equity	3.3B	3.5B	3.7B	3.9B	4.0B
Properties	11.1B	10.2B	9.8B	9.1B	8.9B
Receivables Adjustments Allowances	-158.0M	-191.0M	-145.0M	-160.0M	-169.0M
Taxes Receivable	358.0M	119.0M	24.0M	59.0M	223.0M
Total Tax Payable	685.0M	188.0M	411.0M	214.0M	172.0M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	7.0B	7.0B	7.9B	8.4B	8.0B
Cash Flow From Continuing Operating Activities	7.0B	7.0B	7.9B	8.4B	8.0B
Depreciation And Amortization	5.2B	5.0B	4.9B	4.7B	4.6B
Depreciation Amortization Depletion	5.2B	5.0B	4.9B	4.7B	4.6B
Deferred Tax	1.2B	577.0M	996.0M	967.0M	1.0B
Deferred Income Tax	1.2B	577.0M	996.0M	967.0M	1.0B
Change In Working Capital	-657.0M	-534.0M	-157.0M	325.0M	285.0M
Change In Receivables	--	--	-57.0M	-37.0M	-87.0M
Change In Other Working Capital	-657.0M	-534.0M	-157.0M	362.0M	372.0M
Other Non Cash Items	1.6B	1.5B	1.3B	875.0M	682.0M
Capital Expenditure	-3.7B	-4.4B	-4.8B	-5.1B	-6.9B
Purchase Of Business	-4.9B	-624.0M	-222.0M	-429.0M	-12.0M
Sale Of Business	102.0M	0.00	209.0M	52.0M	0.00
Purchase Of Investment	-83.0M	-34.0M	--	--	--
Sale Of Investment	5.1B	612.0M	--	--	--
Net Investment Purchase And Sale	5.0B	578.0M	-1.0B	0.00	--
Investing Cash Flow	-3.6B	-4.4B	-5.8B	-5.5B	-7.0B
Cash Flow From Continuing Investing Activities	-3.6B	-4.4B	-5.8B	-5.5B	-7.0B
Issuance Of Debt	8.3B	5.8B	5.2B	2.0B	5.3B
Repayment Of Debt	-10.1B	-3.3B	-1.9B	-2.0B	-2.8B
Net Issuance Payments Of Debt	-1.8B	2.5B	2.7B	39.0M	2.6B
Issuance Of Capital Stock	--	0.00	18.0M	171.0M	261.0M
Repurchase Of Capital Stock	-182.0M	-92.0M	-140.0M	-125.0M	0.00
Net Common Stock Issuance	--	0.00	18.0M	171.0M	261.0M
Common Stock Dividend Paid	-2.0B	-3.6B	-3.5B	-3.3B	-3.1B
Financing Cash Flow	-4.6B	-1.8B	-1.5B	-3.0B	-925.0M
Cash Flow From Continuing Financing Activities	-4.6B	-1.8B	-1.5B	-3.0B	-925.0M
Effect Of Exchange Rate Changes	1.0M	0.00	--	--	--
Changes In Cash	-1.3B	800.0M	623.0M	--	-17.0M
Beginning Cash Position	1.6B	772.0M	149.0M	--	224.0M
End Cash Position	320.0M	1.6B	772.0M	--	207.0M
Free Cash Flow	3.3B	2.6B	3.2B	3.2B	1.1B
Amortization Cash Flow	1.4B	1.3B	1.2B	1.1B	982.0M
Amortization Of Intangibles	1.4B	1.3B	1.2B	1.1B	982.0M
Asset Impairment Charge	1.0B	2.2B	143.0M	279.0M	197.0M
Capital Expenditure Reported	-3.7B	-3.9B	-4.6B	-5.1B	-4.9B
Cash Dividends Paid	-2.2B	-3.8B	-3.7B	-3.4B	-3.3B
Cash From Discontinued Financing Activities	--	--	--	--	0.00
Cash From Discontinued Investing Activities	--	--	--	--	0.00
Cash From Discontinued Operating Activities	--	--	--	--	0.00
Common Stock Issuance	--	0.00	18.0M	171.0M	261.0M
Depreciation	3.9B	3.8B	3.7B	3.7B	3.6B
Earnings Losses From Equity Investments	0.00	247.0M	581.0M	42.0M	--
Gain Loss On Investment Securities	-5.2B	-57.0M	-80.0M	-24.0M	6.0M
Interest Paid Cfo	-1.8B	-1.8B	-1.5B	-1.2B	-1.1B
Long Term Debt Issuance	7.8B	3.8B	5.2B	2.0B	5.0B
Long Term Debt Payments	-10.1B	-3.3B	-1.9B	-2.0B	-2.8B
Net Business Purchase And Sale	-4.8B	-624.0M	-13.0M	-377.0M	-12.0M
Net Income From Continuing Operations	6.5B	375.0M	2.3B	2.9B	2.9B
Net Intangibles Purchase And Sale	-3.0M	-531.0M	-183.0M	-3.0M	-2.1B
Net Long Term Debt Issuance	-2.3B	531.0M	3.3B	-72.0M	2.2B
Net Other Financing Charges	-240.0M	-99.0M	-220.0M	630.0M	-217.0M
Net Other Investing Changes	-95.0M	36.0M	-4.0M	-4.0M	-72.0M
Net Preferred Stock Issuance	-182.0M	-92.0M	-140.0M	-125.0M	0.00
Net Short Term Debt Issuance	452.0M	1.9B	-646.0M	111.0M	351.0M
Operating Gains Losses	-5.4B	332.0M	599.0M	216.0M	292.0M
Pension And Employee Benefit Expense	96.0M	142.0M	98.0M	198.0M	286.0M
Preferred Stock Dividend Paid	-151.0M	-187.0M	-182.0M	-136.0M	-125.0M
Preferred Stock Payments	-182.0M	-92.0M	-140.0M	-125.0M	0.00
Proceeds From Stock Option Exercised	-216.0M	-235.0M	-223.0M	-255.0M	-297.0M
Purchase Of Intangibles	--	--	--	-3.0M	-2.1B
Short Term Debt Issuance	452.0M	1.9B	--	111.0M	351.0M
Short Term Debt Payments	--	--	-646.0M	--	-150.0M
Taxes Refund Paid	-737.0M	-783.0M	-700.0M	-749.0M	-913.0M