Canada · Delayed Price · Currency is CAD Yellow Pages Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw improved profitability and margins despite a 6.5% revenue decline, with net income rising to CAD 7.6 million and a strong cash position of CAD 64 million. Ongoing investments and revenue pressures are expected to impact future margins.
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Q3 2025 saw an 8.1% revenue decline year-over-year, with digital and print segments both down but average spend per customer rising. Adjusted EBITDA margin fell to 20.6%, and net income dropped to CAD 4 million. Dividend and pension contributions were maintained.
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Revenue decline slowed for the sixth straight quarter, with improved customer metrics and higher average spend per customer. Adjusted EBITDA margin fell to 20.7% as investments and product mix changes pressured earnings. A CAD 210 million annuity purchase de-risked the pension plan.
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Revenue and earnings declined year-over-year, but the rate of revenue decline improved for the fifth consecutive quarter. Investments in sales force and customer acquisition continue, with a strong cash position and a declared dividend of CAD 0.25 per share.
Fiscal Year 2024
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Revenue decline rate improved in Q4, with new customer acquisitions up 6% year-over-year. Adjusted EBITDA margin fell to 16% due to revenue mix and investments, but cash position remains strong. Final pension plan payments completed and a CAD 0.25 dividend declared.
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Revenue and profitability trends improved, with Q3 revenue down 9.4% year-over-year and adjusted EBITDA margin at 23.8%. New customer acquisitions rose 36%, and cash on hand reached CAD 43 million. Dividend of CAD 0.25 per share declared.
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Q2 2024 saw improved revenue trends and strong cash generation, despite an 11% year-over-year revenue decline and margin pressures from ongoing investments. Net income fell to CAD 7.6 million, but management remains confident in the outlook.