Yellow Pages Q4 Earnings Call Highlights

Core Insights - The company reported a total revenue of CAD 48.0 million for Q4 2025, a decrease of CAD 3.4 million or 6.5% year-over-year, with full-year revenues at CAD 198.9 million, down 7.4% compared to 2024 [3][8] - Profitability improved significantly, with adjusted EBITDA rising to CAD 10.5 million in Q4, up 27.3%, and net income increasing to CAD 7.6 million from CAD 2.7 million in the previous year [7][14] - The company is focusing on cost optimization and has announced plans for voluntary pension contributions and a quarterly dividend of CAD 0.25 per share [5][16] Revenue Performance - The decline in total revenues was attributed mainly to lower sales of higher-margin digital media and print products, with a lesser impact from lower-margin digital service products [2][10] - Excluding the impact of the Canada Post worker strike, the decline rate for total revenues would have been 7.4% in Q4 2025, compared to 8.1% in the same period last year [1][4] Profitability and Cost Management - Adjusted EBITDA margin improved to 21.8% in Q4 from 16.0% a year earlier, reflecting cost optimizations and workforce reductions [9][11] - The company ended January 2026 with approximately CAD 64 million in cash, supported by improved profitability and lower capital expenditures [13][12] Staffing and Shareholder Returns - The workforce decreased to 499 employees, down 11.7% year-over-year, contributing to cost savings [6][14] - The board approved completing CAD 2 million of voluntary pension contributions by the end of Q1 2026 and declared a quarterly dividend [15][16]