Quebecor Inc. (QBR.A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for standing by. Welcome to the Quebecois, Inc. Financial Results for the First Quarter 2025 Conference Call. And I would like to introduce Hugues Simard, Chief Financial Officer of Quebecois, Inc. Please go ahead. Ladies and gentlemen, welcome to this Quebecor conference call. My name is Hugues Simard. I'm the CFO, and joining me to discuss our financial and operating results for the first quarter of 2025 is Pierre-Claude Péladeau, our President and Chief Executive Officer. Anyone unable to attend the conference call will be able to access the recorded version by logging on to the webcast available on Quebecor's website until August the 6th of this year. As usual, I also want to inform you that certain statements made on the call today may be considered forward-looking, and we would refer you to the risk factors outlined in today's press release and reports filed by the corporation with the regulatory authorities. Let me now turn the floor to Pierre Cam. Merci, Hugues, and good afternoon, everyone. I am happy to report once again solid operational and financial results for Québec or the first quarter of 2025. We're continuing to deliver on our plan, quarter after quarter, growing our wireless market share across Canada, generating superior cash flows and reducing our leverage to maintain the best balance sheet of the industry. Consolidated basis in the first quarter of 2020. Okay. I will continue, I guess. So on a consolidated basis in the first quarter of 2025, Quebecor increased its cash flow from operating activities by $31 million, or 8%, to $420 million. It had CPTAL-excluding stock-based compensation by $13 million, or 2%, to $569 million, and its adjusted income from operating activities by $22 million, or 14%, to $185 ...