TELUS publishes Q1 2026 MD&A report

• TELUS Corporation published its Q1 2026 MD&A, showing operating revenues and other income down 1% to C$ 5.01 billion, with service revenues up 1% to C$ 4.48 billion offset by equipment revenues down 12% to C$ 505 million.
• Net income fell 52% to C$ 144 million, reflecting operating income down 29% to C$ 534 million; restructuring and other costs rose to C$ 315 million from C$ 97 million.
• Adjusted EBITDA was flat at C$ 1.84 billion, with TTech essentially unchanged at C$ 1.68 billion; TELUS Health rose 11% to C$ 93 million; TELUS Digital increased 2% to C$ 81 million.
• Free cash flow increased 19% to C$ 583 million, while capital expenditures rose 11% to C$ 651 million; cash used in investing jumped to C$ 1.14 billion on C$ 318 million of spectrum licence payments.
• Net debt to EBITDA excluding restructuring and other costs improved to 3.5x from 3.9x; available liquidity stood at about C$ 3.09 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TELUS Corporation published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.