Quebecor Inc. (QBR.A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and thank you for standing by. Welcome to the Quebecor, Inc.' 's financial results for the second quarter 2025 conference call. I would like to introduce Hugues Simon, Chief Financial Officer of Quebecor, Inc. Please go ahead. Ladies and gentlemen, welcome to this Quebecor conference call. I'm Hugues Simard, and joining me to discuss our financial and operating results for the second quarter of 2025 is Pierre-Carles Pédadeau, 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 October the 10th 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 authority. Let's now turn the floor to Pierre-Cal. Merci, and good morning, everyone. So, I'm happy to report once again solid operational and financial results for Quebecor in this second quarter of 2025. We're continuing to deliver on our expansion plan, quarter after quarter, growing our wireless market share across Canada, generating consistently strong cash flows, and reducing our leverage to maintain the best balance sheet of the industry. On a consolidated basis in the second quarter of 2025, Quebecor continued to improve all its key performance indicators. Cash flows from operating activities improved by $146 million, or 37%, to $538 million. EBITDA, excluding stock-based compensation, increased by 4 million, or 1%, to $605 million. And our net operating results increased by 22 million, or 11%, $227 million. We reduce our debt by $192 million in ...