T FINANCIAL STATEMENTS

Telus Corp — balance sheet, income statement and cash flow trends

TTelus Corp

🇨🇦 Canada · TO · Communication Services · Telecom Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue20.3 B C$+0.1%

Gross Profit8.9 B C$+25.3%

Operating Income2.4 B C$-18.3%

EBITDA7.4 B C$+16.4%

Net Income928 M C$-21.8%

Peer Comparison· Telecom Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
T	0.1%	43.7%	36.5%	4.6%
CHTR	-0.9%	43.3%	37.3%	9.0%
TELIA	-7.9%	52.5%	38.2%	5.8%
TEL	-6.4%	77.3%	—	17.4%
KPN	3.5%	30.9%	46.3%	14.7%
TEL2-B	1.4%	43.5%	61.6%	33.7%
Industry median	1.4%	43.7%	35.8%	5.8%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity15.6 B C$27%
Current Liabilities10.7 B C$18%
Long-term Liabilities31.8 B C$55%

Key Figures

YoY change

Total Assets58.9 B C$+1.5%

Total Liabilities42.5 B C$+3.1%

Total Equity15.6 B C$-0.3%

Cash & ST Investments1.3 B C$+28.4%

Total Debt31.1 B C$+3.3%

Net Debt29.7 B C$+2.5%

Peer Comparison· Telecom Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
T	0.67	199.6%	4.01	26.4%
CHTR	0.40	590.9%	4.72	10.6%
TELIA	0.74	156.6%	2.44	28.2%
TEL	1.57	—	—	34.2%
KPN	0.64	338.3%	2.97	19.3%
TEL2-B	1.03	105.4%	1.35	41.2%
Industry median	1.05	159.6%	2.84	26.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
T	0.67	199.6%	4.01	26.4%
RCI-B	0.55	249.3%	2.84	20.0%
BCE	0.66	183.9%	2.81	28.7%
QBR-B	0.94	271.4%	2.90	20.9%
CCA	0.47	141.6%	3.27	33.3%
Industry median	1.05	159.6%	2.84	26.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow4.4 B C$-11.2%

Capital Expenditures2.7 B C$-23.9%

Free Cash Flow1.8 B C$+18.7%

Dividends Paid-1.5 B C$-196.0%

Peer Comparison· Telecom Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
T	21.7%	8.7%	13.1%	476.1%
CHTR	29.6%	7.4%	22.2%	327.3%
TELIA	34.3%	16.3%	18.0%	594.0%
TEL	98.2%	15.7%	38.4%	565.0%
KPN	39.8%	22.3%	17.5%	269.9%
TEL2-B	38.5%	26.1%	12.4%	114.3%
Industry median	28.8%	11.2%	14.7%	181.6%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
T	21.7%	8.7%	13.1%	476.1%
RCI-B	26.3%	11.6%	14.7%	82.4%
BCE	26.6%	11.2%	15.4%	102.0%
QBR-B	36.0%	24.7%	11.2%	231.3%
CCA	35.7%	15.7%	20.0%	320.5%
Industry median	28.8%	11.2%	14.7%	181.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.