Yellow Pages Limited ( (YLWDF) ) has released its Q2 earnings. Here is a breakdown of the information Yellow Pages Limited presented to its investors.
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Yellow Pages Limited is a Canadian digital media and marketing company that connects buyers and sellers in the local economy through its online properties and print directories. In its second quarter of 2025, Yellow Pages Limited reported a continued trend towards revenue stability, despite a year-over-year decrease in total revenues by 7.4% to $51.7 million. The company highlighted a strong cash position with $49 million on hand and declared a quarterly dividend of $0.25 per common share.
Key financial metrics showed a decrease in Adjusted EBITDA to $10.7 million, representing 20.7% of revenues, down from 26.5% in the previous year. This decline was attributed to revenue pressures and ongoing investments in revenue initiatives. Despite these challenges, the company reported progress in customer acquisition and retention, contributing to a deceleration in the customer count decline rate.
Strategically, Yellow Pages Limited completed a significant transaction with BMO Life Assurance Company, purchasing group annuity contracts worth $210 million to derisk its Defined Benefit Pension Plan. Additionally, the company plans to make a voluntary contribution of $4.0 million to the remaining pension plan by June 2026, with $2.0 million approved for contribution by the end of 2025.
Looking ahead, Yellow Pages Limited remains focused on maintaining revenue stability and optimizing its operations. The management’s outlook suggests a cautious yet optimistic approach towards sustaining its financial health and strategic initiatives in the medium to long term.

