Telus (TU) Q2 2025

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Earnings

TELUS delivered a mixed second quarter for 2025, missing on both the top and bottom lines as a $368.55 million goodwill impairment tied to TELUS Digital cast a shadow over otherwise steady operational progress. Adjusted EPS came in at $0.16, falling … Read more TELUS delivered a mixed second quarter for 2025, missing on both the top and bottom lines as a $368.55 million goodwill impairment tied to TELUS Digital cast a shadow over otherwise steady operational progress. Adjusted EPS came in at $0.16, falling short of the $0.17 consensus by 6.03%, while revenue of $3.75 billion trailed estimates by 25.52%, though it still grew 3.7% year over year. The impairment drove a consolidated net loss of $180.59 million, though on an adjusted basis net income reached $252.09 million. Bright spots were not hard to find, particularly in TELUS Health, where operating revenue surged 16% and adjusted EBITDA climbed 29%, fueled by the Workplace Options acquisition and cross-selling momentum. The company also announced a deal to sell a 49.9% stake in its Terrion tower unit for $928.75 million, a move expected to trim leverage by 0.17x as TELUS targets a roughly 3.55x ratio by year-end. Full-year guidance was reaffirmed, with free cash flow projected at approximately $2.15 billion, even as broader telecom sector pressure continues to weigh on investor sentiment.