TELUS Corporation

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Total Revenue	5.2B	5.1B	5.0B	5.0B	5.3B
Operating Revenue	5.2B	5.1B	5.0B	5.0B	5.3B
Cost Of Revenue	2.1B	1.9B	1.9B	1.8B	2.1B
Gross Profit	3.2B	3.1B	3.2B	3.2B	3.2B
Selling General And Administration	1.5B	1.4B	1.5B	1.5B	1.5B
General And Administrative Expense	1.5B	1.4B	1.5B	1.5B	1.5B
Depreciation And Amortization In Income Statement	1.1B	1.0B	1.0B	992.0M	1.0B
Other Operating Expenses	-24.0M	7.0M	5.0M	7.0M	-22.0M
Operating Expense	2.5B	2.4B	2.6B	2.5B	2.5B
Operating Income	687.0M	696.0M	619.0M	706.0M	731.0M
EBIT	814.0M	988.0M	173.0M	750.0M	820.0M
Interest Expense	410.0M	400.0M	371.0M	342.0M	382.0M
Interest Expense Non Operating	410.0M	400.0M	371.0M	342.0M	382.0M
Interest Income	17.0M	16.0M	18.0M	5.0M	5.0M
Interest Income Non Operating	17.0M	16.0M	18.0M	5.0M	5.0M
Net Interest Income	-345.0M	-432.0M	-353.0M	-337.0M	-377.0M
Other Income Expense	62.0M	324.0M	-464.0M	39.0M	84.0M
Other Non Operating Income Expenses	3.0M	4.0M	45.0M	4.0M	2.0M
Special Income Charges	18.0M	222.0M	-500.0M	10.0M	9.0M
Restructuring And Mergern Acquisition	15.0M	0.00	0.00	-10.0M	-9.0M
Gain On Sale Of Security	18.0M	85.0M	-9.0M	17.0M	-37.0M
Earnings From Equity Interest	23.0M	13.0M	0.00	8.0M	--
Pretax Income	404.0M	588.0M	-198.0M	408.0M	438.0M
Tax Provision	114.0M	157.0M	47.0M	107.0M	118.0M
Tax Effect Of Unusual Items	10.2M	82.0M	-76.3M	7.1M	-7.5M
Net Income From Continuing And Discontinued Operation	292.0M	493.0M	7.0M	321.0M	358.0M
Net Income From Continuing Operation Net Minority Interest	292.0M	493.0M	7.0M	321.0M	358.0M
Net Income Including Noncontrolling Interests	290.0M	431.0M	-245.0M	301.0M	320.0M
Minority Interests	2.0M	62.0M	252.0M	20.0M	38.0M
Net Income Common Stockholders	292.0M	493.0M	7.0M	321.0M	358.0M
Net Income	292.0M	493.0M	7.0M	321.0M	358.0M
EBITDA	1.9B	2.0B	1.2B	1.7B	1.8B
Normalized EBITDA	1.8B	1.7B	1.7B	1.7B	1.9B
Reconciled Depreciation	1.0B	1.0B	1.0B	992.0M	1.0B
Basic EPS	0.19	0.32	0.00	0.21	--
Diluted EPS	0.19	0.32	0.00	0.21	--
Basic Average Shares	1.5B	1.5B	1.5B	1.5B	--
Diluted Average Shares	1.5B	1.5B	1.5B	1.5B	--
Total Unusual Items	36.0M	307.0M	-509.0M	27.0M	-28.0M
Total Unusual Items Excluding Goodwill	36.0M	307.0M	-509.0M	27.0M	-28.0M
Tax Rate For Calcs	0.28	0.27	0.15	0.26	0.27
Normalized Income	266.2M	268.0M	439.6M	301.1M	378.5M
Amortization	412.0M	390.0M	403.0M	400.0M	393.0M
Amortization Of Intangibles Income Statement	412.0M	390.0M	403.0M	400.0M	393.0M
Depreciation Amortization Depletion Income Statement	1.1B	1.0B	1.0B	992.0M	1.0B
Depreciation Income Statement	640.0M	621.0M	601.0M	592.0M	618.0M
Diluted NI Availto Com Stockholders	292.0M	493.0M	7.0M	321.0M	358.0M
Impairment Of Capital Assets	0.00	0.00	500.0M	--	--
Net Income Continuous Operations	290.0M	431.0M	-245.0M	301.0M	320.0M
Net Non Operating Interest Income Expense	-345.0M	-432.0M	-353.0M	-337.0M	-377.0M
Other Special Charges	-33.0M	-222.0M	--	--	--
Reconciled Cost Of Revenue	2.1B	1.9B	1.9B	1.8B	2.1B
Salaries And Wages	1.5B	1.4B	1.5B	1.5B	1.5B
Total Expenses	4.5B	4.4B	4.4B	4.3B	4.6B
Total Operating Income As Reported	694.0M	742.0M	175.0M	752.0M	759.0M
Total Other Finance Cost	--	48.0M	--	--	--

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Cash Cash Equivalents And Short Term Investments	2.6B	1.8B	3.7B	1.0B	869.0M
Accounts Receivable	3.3B	3.2B	3.2B	3.1B	3.3B
Receivables	4.4B	4.2B	4.2B	4.2B	4.3B
Inventory	482.0M	455.0M	485.0M	566.0M	629.0M
Prepaid Assets	421.0M	511.0M	578.0M	509.0M	403.0M
Current Assets	8.4B	7.4B	9.3B	6.7B	6.6B
Gross PPE	49.8B	49.7B	49.1B	48.6B	48.2B
Accumulated Depreciation	-32.3B	-32.0B	-31.6B	-31.3B	-30.9B
Net PPE	17.5B	17.6B	17.5B	17.3B	17.3B
Goodwill	10.5B	10.5B	10.4B	10.6B	10.6B
Goodwill And Other Intangible Assets	30.8B	30.9B	31.0B	31.1B	31.2B
Other Intangible Assets	20.3B	20.5B	20.5B	20.4B	20.6B
Investments And Advances	1.2B	1.1B	1.1B	1.1B	1.1B
Long Term Equity Investment	438.0M	404.0M	390.0M	396.0M	402.0M
Other Investments	78.0M	83.0M	64.0M	63.0M	62.0M
Other Non Current Assets	169.0M	166.0M	159.0M	152.0M	161.0M
Total Non Current Assets	51.2B	51.5B	51.3B	51.3B	51.4B
Total Assets	59.6B	58.9B	60.6B	58.0B	58.0B
Current Debt	4.0B	4.1B	5.4B	5.1B	4.2B
Current Debt And Capital Lease Obligation	4.0B	4.1B	5.4B	5.1B	4.2B
Accounts Payable	982.0M	1.1B	913.0M	1.1B	1.1B
Payables	2.0B	2.0B	1.9B	2.1B	2.0B
Payables And Accrued Expenses	4.3B	4.3B	4.2B	4.1B	4.4B
Current Accrued Expenses	2.3B	2.3B	2.3B	2.0B	2.4B
Current Deferred Revenue	1.1B	977.0M	1.0B	1.0B	1.0B
Other Current Liabilities	30.0M	13.0M	79.0M	9.0M	11.0M
Current Liabilities	9.7B	9.8B	10.9B	10.5B	9.8B
Long Term Debt	27.4B	25.8B	27.7B	24.9B	25.6B
Long Term Debt And Capital Lease Obligation	27.4B	25.8B	27.7B	24.9B	25.6B
Other Non Current Liabilities	36.0M	46.0M	50.0M	45.0M	54.0M
Total Non Current Liabilities Net Minority Interest	33.3B	31.6B	33.6B	30.7B	31.4B
Total Liabilities Net Minority Interest	43.0B	41.3B	44.5B	41.2B	41.2B
Common Stock	14.1B	13.8B	13.5B	13.3B	13.1B
Capital Stock	14.1B	13.8B	13.5B	13.3B	13.1B
Additional Paid In Capital	1.6B	1.6B	1.1B	1.1B	1.1B
Retained Earnings	98.0M	500.0M	630.0M	1.2B	1.5B
Gains Losses Not Affecting Retained Earnings	4.0M	-27.0M	-85.0M	-61.0M	-105.0M
Other Equity Adjustments	4.0M	-27.0M	-85.0M	-61.0M	-105.0M
Common Stock Equity	15.8B	15.9B	15.2B	15.6B	15.6B
Stockholders Equity	15.8B	15.9B	15.2B	15.6B	15.6B
Total Equity Gross Minority Interest	16.6B	17.5B	16.1B	16.8B	16.8B
Minority Interest	804.0M	1.6B	882.0M	1.2B	1.2B
Total Capitalization	43.2B	41.7B	42.9B	40.6B	41.2B
Net Tangible Assets	-15.0B	-15.1B	-15.7B	-15.5B	-15.5B
Tangible Book Value	-15.0B	-15.1B	-15.7B	-15.5B	-15.5B
Working Capital	-1.3B	-2.4B	-1.6B	-3.8B	-3.2B
Invested Capital	47.2B	45.8B	48.3B	45.7B	45.4B
Total Debt	31.5B	29.9B	33.1B	30.0B	29.8B
Net Debt	31.5B	29.9B	33.1B	30.0B	29.8B
Share Issued	1.5B	1.5B	1.5B	1.5B	1.5B
Ordinary Shares Number	1.5B	1.5B	1.5B	1.5B	1.5B
Allowance For Doubtful Accounts Receivable	-130.0M	-125.0M	-126.0M	-125.0M	-119.0M
Available For Sale Securities	648.0M	635.0M	624.0M	591.0M	594.0M
Buildings And Improvements	4.0B	4.0B	4.0B	4.0B	4.0B
Construction In Progress	721.0M	832.0M	777.0M	611.0M	505.0M
Current Deferred Assets	413.0M	395.0M	387.0M	383.0M	366.0M
Current Deferred Liabilities	1.1B	977.0M	1.0B	1.0B	1.0B
Current Provisions	300.0M	293.0M	244.0M	260.0M	241.0M
Defined Pension Benefit	235.0M	273.0M	261.0M	254.0M	257.0M
Derivative Product Liabilities	167.0M	135.0M	196.0M	123.0M	118.0M
Dividends Payable	649.0M	639.0M	634.0M	610.0M	605.0M
Employee Benefits	551.0M	540.0M	533.0M	549.0M	533.0M
Financial Assets	40.0M	67.0M	11.0M	103.0M	113.0M
Gross Accounts Receivable	3.5B	3.4B	3.3B	3.3B	3.4B
Hedging Assets Current	8.0M	37.0M	12.0M	61.0M	65.0M
Income Tax Payable	141.0M	153.0M	141.0M	167.0M	142.0M
Interest Payable	389.0M	325.0M	297.0M	226.0M	262.0M
Investment Properties	45.0M	45.0M	45.0M	46.0M	46.0M
Investmentin Financial Assets	648.0M	635.0M	624.0M	591.0M	594.0M
Investmentsin Associatesat Cost	198.0M	196.0M	198.0M	204.0M	219.0M
Investmentsin Joint Venturesat Cost	240.0M	208.0M	192.0M	192.0M	183.0M
Land And Improvements	85.0M	86.0M	88.0M	88.0M	88.0M
Leases	2.8B	2.8B	2.7B	2.6B	2.5B
Long Term Provisions	661.0M	729.0M	620.0M	609.0M	686.0M
Machinery Furniture Equipment	1.9B	1.9B	1.9B	1.9B	1.9B
Non Current Accounts Receivable	860.0M	846.0M	881.0M	932.0M	955.0M
Non Current Deferred Assets	444.0M	363.0M	365.0M	332.0M	319.0M
Non Current Deferred Liabilities	4.5B	4.3B	4.5B	4.4B	4.4B
Non Current Deferred Revenue	201.0M	212.0M	216.0M	196.0M	164.0M
Non Current Deferred Taxes Assets	74.0M	19.0M	36.0M	17.0M	18.0M
Non Current Deferred Taxes Liabilities	4.3B	4.1B	4.3B	4.2B	4.2B
Non Current Pension And Other Postretirement Benefit Plans	551.0M	540.0M	533.0M	549.0M	533.0M
Non Current Prepaid Assets	38.0M	28.0M	31.0M	34.0M	39.0M
Other Current Borrowings	4.0B	4.1B	5.4B	5.1B	4.2B
Other Properties	40.2B	39.9B	39.6B	39.4B	39.2B
Other Receivables	917.0M	854.0M	798.0M	826.0M	825.0M
Properties	0.00	0.00	0.00	0.00	0.00
Taxes Receivable	173.0M	74.0M	225.0M	224.0M	146.0M
Total Tax Payable	367.0M	333.0M	320.0M	313.0M	289.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Cash Flow	1.1B	1.5B	1.2B	1.1B	1.1B
Cash Flow From Continuing Operating Activities	1.1B	1.5B	1.2B	1.1B	1.1B
Depreciation And Amortization	1.0B	1.0B	1.0B	992.0M	1.0B
Depreciation Amortization Depletion	1.0B	1.0B	1.0B	992.0M	1.0B
Stock Based Compensation	23.0M	42.0M	37.0M	42.0M	41.0M
Deferred Tax	99.0M	-82.0M	-83.0M	-6.0M	118.0M
Deferred Income Tax	99.0M	-82.0M	-83.0M	-6.0M	118.0M
Change In Working Capital	-245.0M	414.0M	-31.0M	-243.0M	-322.0M
Changes In Account Receivables	-127.0M	-139.0M	34.0M	191.0M	-111.0M
Change In Receivables	-153.0M	-96.0M	101.0M	210.0M	-281.0M
Change In Inventory	-27.0M	30.0M	81.0M	63.0M	-137.0M
Change In Payables And Accrued Expense	-94.0M	300.0M	-70.0M	-249.0M	231.0M
Change In Other Working Capital	-43.0M	120.0M	-81.0M	-161.0M	-139.0M
Change In Other Current Liabilities	-10.0M	-4.0M	5.0M	-5.0M	-4.0M
Other Non Cash Items	222.0M	-327.0M	-28.0M	-16.0M	-9.0M
Capital Expenditure	-629.0M	-634.0M	-598.0M	-654.0M	-610.0M
Purchase Of PPE	-629.0M	-634.0M	-598.0M	-654.0M	-593.0M
Net PPE Purchase And Sale	-629.0M	-634.0M	-598.0M	-654.0M	-593.0M
Purchase Of Business	-67.0M	-3.0M	-450.0M	-11.0M	-101.0M
Sale Of Business	38.0M	3.0M	7.0M	66.0M	0.00
Purchase Of Investment	-25.0M	-25.0M	-52.0M	-4.0M	-58.0M
Net Investment Purchase And Sale	-25.0M	-25.0M	-52.0M	-4.0M	-58.0M
Investing Cash Flow	-685.0M	-660.0M	-1.1B	-602.0M	-671.0M
Cash Flow From Continuing Investing Activities	-685.0M	-660.0M	-1.1B	-602.0M	-671.0M
Issuance Of Debt	3.3B	1.4B	6.5B	1.7B	1.4B
Repayment Of Debt	-1.7B	-4.9B	-3.0B	-2.0B	-1.3B
Net Issuance Payments Of Debt	1.6B	-3.5B	3.0B	72.0M	37.0M
Common Stock Dividend Paid	-413.0M	-408.0M	-405.0M	-402.0M	-388.0M
Financing Cash Flow	349.0M	-2.7B	2.6B	-330.0M	-351.0M
Cash Flow From Continuing Financing Activities	349.0M	-2.7B	2.6B	-330.0M	-351.0M
Changes In Cash	794.0M	-1.9B	2.7B	145.0M	55.0M
Beginning Cash Position	1.8B	3.7B	1.0B	869.0M	814.0M
End Cash Position	2.6B	1.8B	3.7B	1.0B	869.0M
Free Cash Flow	501.0M	859.0M	568.0M	423.0M	467.0M
Income Tax Paid Supplemental Data	106.0M	77.0M	143.0M	154.0M	100.0M
Interest Paid Supplemental Data	306.0M	399.0M	308.0M	371.0M	319.0M
Amortization Cash Flow	412.0M	390.0M	403.0M	400.0M	393.0M
Amortization Of Intangibles	412.0M	390.0M	403.0M	400.0M	393.0M
Asset Impairment Charge	18.0M	0.00	500.0M	--	--
Cash Dividends Paid	-413.0M	-408.0M	-405.0M	-402.0M	-388.0M
Change In Prepaid Assets	82.0M	64.0M	-67.0M	-101.0M	8.0M
Depreciation	622.0M	621.0M	601.0M	592.0M	618.0M
Earnings Losses From Equity Investments	-23.0M	-12.0M	-2.0M	-8.0M	-105.0M
Long Term Debt Issuance	3.3B	1.4B	6.5B	1.7B	1.4B
Long Term Debt Payments	-1.7B	-4.9B	-3.0B	-2.0B	-1.3B
Net Business Purchase And Sale	-29.0M	0.00	-443.0M	55.0M	-101.0M
Net Income From Continuing Operations	290.0M	431.0M	-245.0M	301.0M	320.0M
Net Intangibles Purchase And Sale	0.00	0.00	0.00	0.00	-17.0M
Net Long Term Debt Issuance	1.6B	-3.5B	3.4B	-327.0M	34.0M
Net Other Financing Charges	-776.0M	1.2B	-31.0M	--	0.00
Net Other Investing Changes	--	-1.0M	--	1.0M	98.0M
Net Short Term Debt Issuance	1.0M	3.0M	-390.0M	399.0M	3.0M
Operating Gains Losses	-311.0M	4.0M	12.0M	7.0M	-82.0M
Pension And Employee Benefit Expense	15.0M	16.0M	14.0M	15.0M	23.0M
Purchase Of Intangibles	0.00	0.00	0.00	0.00	-17.0M