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Yellow Pages
Yellow Pages (Y) investor relations material
Yellow Pages Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Delivered strong profitability and maintained a robust cash balance in Q4 2025, with continued momentum in revenue initiatives and improved year-over-year revenue decline rates.
Revenue decline rates for total, digital, and print segments improved year-over-year, reflecting stabilization in customer count and higher average spend per customer.
Declared a quarterly dividend of CAD 0.25 per share, payable March 16, 2026.
Financial highlights
Q4 2025 revenues were CAD 48 million, down 6.5% year-over-year; full-year revenues were CAD 198.9 million, down 7.4%.
Adjusted EBITDA for Q4 2025 was CAD 10.5 million (21.8% margin), up 27.3% year-over-year; full-year Adjusted EBITDA was CAD 43 million (21.6% margin).
Net income for Q4 2025 increased to CAD 7.6 million from CAD 2.7 million a year ago; full-year net income was CAD 18.1 million.
Cash on hand at end of January 2026 was approximately CAD 64 million.
Cash flows from operating activities for Q4 increased to CAD 11.7 million from CAD 8.3 million; full-year cash flows were CAD 35 million.
Outlook and guidance
Revenue pressures and ongoing investment in telesales force capacity are expected to continue to impact margins in upcoming quarters.
Management remains focused on optimizing costs and stabilizing customer count to mitigate revenue declines.
Explain future margin pressure given revenue decline rate improvement
Q4 EBITDA drivers: how sustainable are they?
Strategy for declining customers, rising average spend
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Next Yellow Pages earnings date
Q1 202613 May, 2026
Yellow Pages
Next Yellow Pages earnings date
Q1 202613 May, 2026
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Yellow Pages Ltd operates digital and print media platforms that provide local business listings, marketing solutions, and advertising services. The company serves small and medium-sized enterprises across Canada. It is headquartered in Montreal, Canada, and its shares are listed on the TSX.
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