Yellow Pages Posts Solid Profit and Cash Despite Ongoing Revenue Declines

Yellow Pages ( (TSE:Y) ) has provided an announcement.

Yellow Pages Limited reported fourth quarter 2025 revenue of $48.0 million, down 6.5% year over year, as ongoing declines in higher‑margin digital media and print products continued to weigh on sales, though the pace of annual revenue erosion improved to 7.4% from 10.3% in 2024. Profitability remained solid, with adjusted EBITDA margins of 21.8% for the quarter and 21.6% for the year, net income rising to $7.6 million in the quarter, a strong cash balance of about $64 million at the end of January, and the board approving the final $2 million of a voluntary pension contribution and declaring a quarterly dividend of $0.25 per share, underscoring continued emphasis on balance sheet strength and shareholder returns.

The company’s cash generation stayed healthy, as adjusted EBITDA less CAPEX reached $10.1 million in the quarter and $41.5 million for 2025, despite lower full‑year revenue of $198.9 million versus $214.8 million in 2024. Management highlighted that the revenue trend benefited from improving decline rates, while the pension top‑up and sustained dividend signal confidence in financial resilience even as structural headwinds from the shrinking print and digital directory markets continue to shape Yellow Pages’ long‑term trajectory.

The most recent analyst rating on (TSE:Y) stock is a Hold with a C$11.50 price target. To see the full list of analyst forecasts on Yellow Pages stock, see the TSE:Y Stock Forecast page.

Spark’s Take on TSE:Y Stock

According to Spark, TipRanks’ AI Analyst, TSE:Y is a Neutral.

Yellow Pages faces challenges with declining revenue and cash flow, impacting its financial performance. However, technical indicators suggest potential for upward movement, and the stock’s valuation is attractive with a high dividend yield. The company’s strong cash reserves and dividend maintenance provide some stability despite revenue pressures.

To see Spark’s full report on TSE:Y stock, click here.

More about Yellow Pages

Yellow Pages Limited is a Canadian digital media and marketing company that serves small and medium‑sized businesses with digital advertising, marketing solutions and print directories. Listed on the TSX under the symbol Y, the company focuses on transitioning traditional directory clients to digital platforms while managing the gradual decline of its print and legacy products.

Average Trading Volume: 4,873

Technical Sentiment Signal: Buy

Current Market Cap: C$169.2M

See more data about Y stock on TipRanks’ Stock Analysis page.