Core Insights - TELUS Corporation reported first-quarter 2025 adjusted earnings per share (EPS) of C$0.26, remaining flat year over year [1] - Total operating revenues increased by 3% year over year to C$5,057 million, driven by strong revenue growth across all segments [1] - A new TELUS Health segment was introduced, previously part of TTech, and will now be reported alongside TTech (excluding Health) and TELUS Digital [1] Financial Performance - Operating revenues from contracts with customers were C$5,018 million, up 3% year over year [2] - The company added 218,000 net customers in the first quarter, an increase of 9,000, attributed to demand for premium bundled offerings [2] - Adjusted EBITDA decreased slightly by 1% year over year to C$1,841 million [14] Segment Results - TTech revenues rose 2% year over year to C$3,883 million, with operating revenues from contracts with customers increasing to C$3,838 million [3] - TELUS Health's operating revenues increased by 12% year over year to C$473 million, with health services revenues growing by 13% [10] - TELUS Digital's operating revenues increased by 4% to C$709 million, aided by a stronger U.S. dollar and euro [12] Revenue Breakdown - Mobile network revenues decreased by 1% year over year to C$1,732 million due to a decline in mobile phone ARPU [4] - Fixed data service revenues increased by 3% to C$1,192 million, supported by an expanding subscriber base [6] - Agriculture and consumer goods services revenues surged by 20% year over year to C$98 million, driven by business acquisitions and strong organic growth [8] Dividend and Cash Flow - The board declared a quarterly dividend of C$0.4163 per share, a 7% increase from the prior year [3] - Free cash flow increased by 22% to C$488 million, with cash generated from operating activities rising to C$1,077 million [15] 2025 Guidance - TELUS reaffirmed its financial targets for 2025, expecting 2-4% growth in TTech operating revenues [16] - TTech adjusted EBITDA is projected to grow by 3-5%, with free cash flow expected to reach nearly C$2.15 billion [17]

Group 1 - TELUS Corporation announced the election of 14 nominees as directors during its annual meeting on May 9, 2025, with significant support from shareholders [1] - The nominee with the highest percentage of votes for was Thomas Flynn, receiving 99.44% of votes, while the nominee with the lowest percentage was Mary Jo Haddad, with 90.28% [1] - The final voting results on all matters will be published on TELUS' website and filed with Canadian and U.S. securities regulators [1] Group 2 - TELUS is a leading communications technology company generating over $20 billion in annual revenue and serving more than 20 million customer connections [2] - The company is focused on enhancing lives through its TELUS Health business, which impacts over 76 million lives globally with preventive medicine and well-being technologies [2] - TELUS has contributed $1.8 billion in cash and in-kind contributions since 2000, earning recognition as the world's most giving company [2]

Exhibit 99.1 TELUS CORPORATION CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) MARCH 31, 2025 condensed interim consolidated statements of income and other comprehensive income (unaudited) 2 | March 31, 2025 condensed interim consolidated statements of financial position (unaudited) | | | | March 31, | | December 31, | | --- | --- | --- | --- | --- | --- | | As at (millions) | Note | | 2025 | | 2024 | | ASSETS | | | | | | | Current assets | | | | | | | Cash and temporary investments, net | | ...

Core Insights - TELUS Corporation reported strong customer growth in the first quarter of 2025, adding 218,000 net customers, driven by demand for bundled services and advanced broadband networks [1][3][8] - The company achieved operating revenue growth of 3% to C$5.1 billion and adjusted EBITDA growth of 4%, reflecting the resilience of its business in a dynamic environment [2][4] - TELUS Health segment showed significant growth, with revenue and adjusted EBITDA increasing by 12% and 30% respectively, covering 76.5 million lives [3][9][21] Financial Performance - Consolidated free cash flow increased by 22% to C$488 million, supported by a 13% rise in cash from operations [1][10] - The quarterly dividend was raised by 7% to C$0.4163 per share, reflecting a commitment to shareholder value [1][24] - Operating expenses decreased by 1% to C$4.3 billion, contributing to improved net income of C$301 million, up 115% year-over-year [6][14] Customer Growth and Segments - Total telecom subscriber connections reached 20.3 million, a 6% increase year-over-year, with notable growth in mobile phones and connected devices [8][14] - TELUS Health's revenue growth was driven by strategic investments and product enhancements, alongside a 7% increase in global lives covered [3][21] - The TTech segment saw a 3% increase in adjusted EBITDA, supported by cost reduction efforts and subscriber growth across various services [4][17] Capital Expenditures and Investments - Consolidated capital expenditures decreased by 19% to C$587 million, reflecting a strategic prioritization of projects [11][14] - The company is targeting a net debt to EBITDA ratio of 3 times by 2027, with ongoing efforts to improve its balance sheet [5][10] - TELUS has invested approximately C$587 million in capital expenditures in the first quarter of 2025, contributing to community development [27] Strategic Outlook - TELUS reaffirmed its 2025 financial targets, expecting operating revenue growth of 2-4% and adjusted EBITDA growth of 3-5% [2][5] - The company plans to extend its dividend growth program, targeting 3-8% annual growth from 2026 through 2028 [1][24] - TELUS continues to focus on operational excellence and cost efficiency to drive sustainable growth in a competitive landscape [3][4]

Core Insights - TELUS has submitted its insights to the Hiroshima AI Process (HAIP) Reporting Framework, showcasing its commitment to safe and trustworthy AI development in line with the G7 AI Code of Conduct [1][4] - The HAIP Reporting Framework aims to enhance transparency, accountability, and interoperability in AI risk management across various industries [3] - TELUS is recognized as a leader in responsible AI, being the first Canadian organization to commit to the Reporting Framework and the first globally to achieve international certification in Privacy by Design [5] Company Initiatives - TELUS is participating in the B7 discussions in May 2025, advocating for responsible AI adoption that emphasizes fairness, safety, and transparency [2] - The company has implemented comprehensive AI risk management practices and educational programs to enhance AI and data literacy among its team members [4] - TELUS has partnered with NVIDIA to establish Sovereign AI Factories, which will provide Canadian businesses with advanced technology while ensuring data sovereignty [6] Industry Impact - The HAIP framework was initiated by G7 countries to promote responsible AI development, with TELUS contributing its expertise to this global effort [4] - TELUS' AI Factory in Rimouski, Quebec, is designed to be sustainable, utilizing 99% renewable energy and being three times more energy efficient for excess power usage [6] - TELUS' commitment to responsible AI practices is recognized in a Business at OECD report, highlighting the role of AI skills in boosting productivity and business growth [5]

Eric is a lead portfolio manager l at RBC Insurance, specializing in real assets. He holds a Master's degree in Financial Economics from the University of Western Ontario and is a CFA charterholder. With a strong interest in real assets, financials, and insurance, Eric brings a deep understanding of the Canadian investment universe.Analyst’s Disclosure: I/we have a beneficial long position in the shares of T:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and i ...

Core Insights - TELUS Corporation is launching the first Sovereign AI Factories in Rimouski, Quebec, and Kamloops, British Columbia, to enhance Canada's AI infrastructure and digital economy [1][6] - The facilities will utilize NVIDIA's advanced supercomputers and are expected to begin operations in summer 2024 [2] - The initiative aligns with the Pan-Canadian AI Strategy, focusing on secure and sustainable AI innovation [1][6] Group 1: Sovereign AI Factories - The Sovereign AI Factories will build on TELUS' legacy of regional innovation and support for startups, public institutions, and enterprises [3] - These facilities will ensure trusted data processing for critical sectors like healthcare and finance, powered by 99% renewable energy [4] - The innovative cooling systems will reduce water usage by over 75%, saving 17 million liters annually and cutting carbon emissions by more than 300 tons [4] Group 2: Strategic Placement and Partnerships - By establishing AI hubs in both eastern and western Canada, TELUS aims to democratize access to advanced computing and reinforce Canada's technological leadership [5] - The AI Factories will complement TELUS' Fuel iX platform, which offers secure generative AI solutions [5] Group 3: Investment and Growth - TELUS is investing $73 billion across Canada by 2028 to foster socio-economic growth, with significant allocations for Ontario, Alberta, and British Columbia [7] - The company achieved a milestone by becoming the first to receive international certification in Privacy by Design for its generative AI customer support tool [7] Group 4: Stock Performance - TELUS currently holds a Zacks Rank 3 (Hold) and has seen a 5% increase in share price over the past three months, contrasting with a 4.2% decline in the industry [8]

Core Viewpoint - TELUS has priced $1.6 billion of fixed-to-fixed rate junior subordinated notes in two series, with a maturity of 30.25 years, expected to close around April 21, 2025 [1] Group 1: Notes Details - The 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, priced at $99.965 per $100 principal amount, with an initial effective yield of 6.25% per annum until July 21, 2030, maturing on July 21, 2055 [2] - The 6.75% fixed-to-fixed rate junior subordinated notes, Series CAS, priced at $99.959 per $100 principal amount, with an initial effective yield of 6.75% per annum until July 21, 2035, maturing on July 21, 2055 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for repayment of outstanding indebtedness, including commercial paper, reduction of cash amounts under the receivables trust, repayment of TELUS Corporation credit facility amounts, and other general corporate purposes [4] Group 3: Credit Ratings - Credit rating agencies have assigned 50% equity credit to the notes issued by TELUS [5] Group 4: Company Overview - TELUS is a leading communications technology company generating over $20 billion in annual revenue with more than 20 million customer connections [10]

Core Insights - TELUS Corporation has launched GameRx, an interactive wellness resource aimed at enhancing Canadians' mental, emotional, and physical well-being through gaming [1] - The company is leveraging its robust infrastructure, including PureFibre Internet and a 5G network, to support gamers with reliable connectivity [2] - TELUS Health emphasizes the positive aspects of gaming, with a survey indicating that over one-third of Canadians use gaming to cope with challenges, and nearly half view it as a means to improve health and foster community [3] GameRx Initiative - GameRx curates video game recommendations based on specific wellness goals such as stress relief, focus, loneliness, mobility, or memory [4] - The platform is initially available in English, with French support expected by April 2025, broadening its accessibility [5] - This initiative is anticipated to gain traction among Canadians, potentially enhancing TELUS's revenue and share price [6] Health Services Growth - TELUS's health services unit is experiencing strong revenue growth due to acquisitions in employee and family support programs, organic growth, and increased demand for health benefits management [7] - The acquisition of LifeWorks has strengthened TELUS's position in digital health services, achieving $355 million in synergies since 2022, with a target of $427 million by the end of 2025 [8] Mental Health Support Expansion - TELUS Health partnered with MetLife to integrate mental health support into New Hampshire's Paid Family Medical Leave plan, providing access to Cognitive Behavioral Therapy and making mental health care more accessible [9] Financial Outlook - TELUS has set financial targets for 2025, expecting 2-4% growth in operating revenues and 3-5% growth in adjusted EBITDA for the Technology segment [10] Stock Performance - TELUS currently holds a Zacks Rank of 3 (Hold), with shares declining by 7.4% over the past year, compared to a 4.9% decline in the sub-industry [11]

Shareholders who purchased shares of TIXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. NEW YORK, March 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of TELUS International (Cda) Inc. (NYSE: TIXT). NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TIXT during the timeframe listed above, you ...