2025 at a glance
In 2025, TELUS demonstrated remarkable resilience. By leading with purpose, we continued to drive meaningful social change while innovating with grit to deliver superior value for our customers and shareholders. Despite a challenging macroeconomic environment, our team's determination enabled us to achieve robust financial targets and advance our growth strategy.
Instant answers on our performance
Have questions about our 2025 results? Our AI tool is ready to help you navigate our financial highlights, offering quick explanations on our operational resilience.
Delivering resilient results
Operating revenues
2025: $20.3 billion
2024: $20.1 billion
+1%
Net Income attributable to Common Shares
2025: $1.1 billion
2024: $993 million
+12%
Adjusted EBITDA
2025: $7.35 billion
2024: $7.33 billion
0%
Cash provided by operating activities
2025: $4.87 billion
2024: $4.85 billion
0%
Free cash flow
2025: $2.2 billion
2024: $2.0 billion
+11%
Consolidated capital expenditures
2025: $2.57 billion
2024: $2.64 billion
(3)%
Basic earnings per share
2025: $0.73
2024: $0.67
+9%
Total telecom subscriber connections
2025: 21.2 million
2024: 20.2 million
+5%
Healthcare lives covered1
2025: 161.2 million
2024: 76.2 million
Our 2025 performance targets scorecard
2025 targets2 | 2025 results | Status | |
|---|---|---|---|
TTech Operating revenues3 | Growth of 2 to 4% (At the lower end of the range) | $17.5 billion 0%4 | |
TTech Adjusted EBITDA3 | Growth of 3 to 5% | $6.9 billion 3% | ✓ |
Cash provided by operating activities5 | n/a | $4.9 billion | n/a |
Consolidated free cash flow | Approximately $2.15 billion | $2.2 billion | ✓✓ |
Consolidated capital expenditures6 | Approximately $2.5 billion | $2.5 billion | ✓ |
✕ - missed target ✓ - met target n/a - not applicable ✓✓ - exceeded target
Driving diversified growth7
TELUS Technology Solutions
TELUS Health
TELUS Digital
2025 Operating revenues and other income
2025 Adjusted EBITDA
