Telus Corp ( (TU) ) has released its Q4 earnings. Here is a breakdown of the information Telus Corp presented to its investors.
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Telus Corp is a leading Canadian telecommunications company, known for its mobile and fixed broadband services, and its innovative solutions in health, agriculture, and consumer goods. The company has reported solid financial results for the fourth quarter of 2024, with notable customer growth and a strong performance across its business segments. Telus added 328,000 new mobile and fixed customers in the fourth quarter, bringing their total subscriber base to over 20 million. Financially, the company’s operating revenue increased by 3.5% to $5.4 billion, driven by higher service revenue and strategic cost efficiencies.
Key financial metrics include a 4.1% increase in TTech Operating Revenues and a 7.0% growth in TTech Adjusted EBITDA in Q4, with a full-year operating revenue increase of 1.8% and EBITDA growth of 5.5%. The company’s free cash flow grew by 12% to approximately $2.0 billion for the year. Telus Health and Agriculture segments also showed strong performance, with double-digit growth in health services and a 16% increase in agriculture revenues. The company’s strategic investments in broadband networks continue to support its robust financial outlook.
Telus has set financial targets for 2025, aiming for a 2-4% increase in TTech Operating Revenues and a 3-5% growth in Adjusted EBITDA. The company plans consolidated capital expenditures of around $2.5 billion, excluding real estate, and expects a free cash flow of approximately $2.15 billion. This financial strategy supports a strong balance sheet and continued dividend growth, reflecting Telus’ commitment to delivering shareholder value.
Looking ahead, Telus management expressed confidence in achieving sustainable growth through its strategic investments and asset monetization plans. The company aims to maintain its industry leadership by leveraging its advanced broadband networks and customer-centric approach, while focusing on deleveraging and enhancing shareholder returns through its dividend growth program.
