TELUS Q2 FY26 net loss widens to C$ 1.83 billion; revenue falls 3% to C$ 4.93 billion

• TELUS posted an IFRS net loss of C$ 1.83 billion in Q2 2026, due to a pre-tax, non-cash C$ 2.1 billion TELUS Digital impairment.
• Revenue fell 3% to C$ 4.93 billion; adjusted EBITDA (non-GAAP) slipped 2% to C$ 1.78 billion.
• Quarterly dividend reset 55% to C$ 0.1875 per share, targeting about C$ 2.7 billion cash savings through 2028; DRIP discount ends Oct. 1, 2026.
• Leverage stood at 3.5x net debt to adjusted EBITDA; target reset to about 3.0x or lower by year-end 2028.
• 2026 guidance cut to flat to -2% service revenue, -2% to -4% adjusted EBITDA, about C$ 2.6 billion capex, about C$ 1.8 billion free cash flow.

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 via PR Newswire (Ref. ID: 202607310645PR_NEWS_USPR_____MO16480) on July 31, 2026, and is solely responsible for the information contained therein.