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Earnings

Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2025

By The Northwire Desk — AI Analysis Dec 10, 2025 · 17:01 TCL · 24.26 None
TCL · Price

Executive Summary

  • TC Transcontinental reported FY 2025 revenue of C$2,743.9 M (‑2.5% YoY) and net earnings attributable to shareholders of C$171.0 M, a 41.0% increase year‑over‑year; diluted EPS rose 44.7% to $2.04.
  • Q4 2025 revenue was C$732.4 M (‑2.3% YoY) with net earnings of C$42.9 M, down 10.4% QoQ; adjusted net earnings per share grew 3.8% to $0.82.
  • The Board declared a quarterly dividend of $0.225 per share payable Jan 20 2026 and disclosed that the Packaging Sector sale for $2.1 B will close in Q1 2026.

Key Details

  • Financial Highlights – FY 2025
  • Revenue: C$2,743.9 M (‑2.5% vs. FY 2024)
  • Operating earnings before depreciation & amortisation: C$473.1 M (+11.4%)
  • Adjusted operating earnings before depreciation & amortisation: C$466.2 M (‑0.7%)
  • Net earnings attributable to shareholders: C$171.0 M (+41.0%) – EPS $2.04 (↑44.7%)

  • Adjusted net earnings attributable to shareholders: C$217.2 M (+7.8%) – Adj. EPS $2.59 (↑10.7%)

  • Financial Highlights – Q4 2025

  • Revenue: C$732.4 M (‑2.3% vs. Q4 2024)
  • Operating earnings before depreciation & amortisation: C$118.2 M (‑10.3%)
  • Adjusted operating earnings before depreciation & amortisation: C$137.6 M (‑3.2%)
  • Net earnings attributable to shareholders: C$42.9 M (‑10.4%) – EPS $0.51 (↓10.5%)

  • Adjusted net earnings attributable to shareholders: C$68.6 M (+1.9%) – Adj. EPS $0.82 (↑3.8%)

  • Dividends – Board declared a quarterly dividend of $0.225 per share on Class A Subordinate Voting and Class B shares; payable 20 Jan 2026 to shareholders of record 6 Jan 2026.

  • Share Repurchases (FY 2025) – Re‑purchased 934,434 Class A shares at a weighted‑average price of $17.38 and 3,600 Class B shares at $17.27; total cash outlay $16.3 M. No active share‑repurchase program remains as of 26 Oct 2025.

  • Packaging Sector Sale – Announcement of sale of the Packaging Sector for approximately US$2.1 B (CAD ≈ C$2.9 B at 1.38 CAD/USD). Expected closing in Q1 2026, subject to regulatory approvals.

  • Operational Commentary

  • Retail Services & Printing sector faced volume pressure due to Canada Post labour dispute; distribution resumed early Dec 2025, with expected earnings recovery in FY 2026.
  • Packaging sector showed modest volume growth in Q4 despite overall sales decline; cost‑reduction initiatives improved operating earnings.

  • In‑store marketing acquisitions contributed positively to FY 2025 performance and are expected to drive future growth.

  • Outlook – Anticipate stable adjusted operating earnings before depreciation for FY 2026, lower traditional printing volumes offset by growth in in‑store marketing; continued cash generation to reduce net indebtedness and fund growth initiatives.

Notable Quotes

“For the fourth consecutive quarter, we improved our adjusted net earnings per share… The sale of our Packaging Sector will create significant value for our shareholders.” – Thomas Morin, President & CEO

“The decrease in our financial expenses as a result of the significant reduction in net indebtedness… allowed us to significantly grow net earnings per share for the fiscal year.” – Donald LeCavalier, EVP & CFO

Read the original news release →

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