Financials Cogeco Inc.

Stocks

Market Closed - Toronto S.E. 05:00:00 10/11/2026 HKT			5-day change	1st Jan Change
49.11 ^CAD	-3.10%		+5.86%	-23.25%

10-31	Cogeco Inc. announces Quarterly dividend, payable on November 25, 2026	CI
10-29	Cogeco Communications Inc., Cogeco Inc., Q4 2026 Earnings Call, Oct 29, 2026

Fiscal Period: August	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,995	3,081	3,074	3,008	2,887	2,783	2,677
Change	-	2.88%	-0.23%	-2.14%	-4.03%	-3.61%	-3.78%
EBITDA ¹	1,406	1,433	1,455	1,453	1,398	1,312	1,275
Change	-	1.95%	1.53%	-0.13%	-3.77%	-6.13%	-2.85%
EBIT	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Net income ¹	149.1	70.63	96.75	84.97	-340.5	105.1	100.8
Change	-	-52.63%	36.98%	-12.17%	-500.73%	130.87%	-4.09%
Announcement Date	27/10/22	1/11/23	31/10/24	30/10/25	28/10/26	-	-

¹CAD in Million

Estimates

Fiscal Period: August	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	745.3	748.1	754.8	746.9	789.7	757.2	767.6	766.7	-	751.9	777.2	768.7	765	753.2	-	731.4	735.6	713	724.2	713.9	710.9	-	-	-
Change	-	0.38%	0.9%	-1.04%	5.73%	-4.12%	1.38%	-0.12%	-	-	3.37%	-1.11%	-0.48%	-1.53%	-	-	0.58%	-3.07%	1.56%	-1.42%	-0.42%	-	-	-
EBITDA ¹	354.4	349.2	353.5	348.5	373.9	351.7	355.5	351.9	366	347.8	369.8	371.2	371.1	356.9	367.8	357.1	361.8	337.1	357	342.3	337.9	320.2	335.6	324.5
Change	-	-1.46%	1.22%	-1.4%	7.28%	-5.94%	1.08%	-0.99%	4.01%	-4.99%	6.33%	0.39%	-0.04%	-3.82%	3.06%	-2.92%	1.31%	-6.83%	5.92%	-4.13%	-1.28%	-5.23%	4.79%	-3.28%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	38.52	36.66	37.49	36.43	42.08	33.79	-34.47	29.23	-	24	18.96	19.25	29.81	18.17	-	16.48	28.21	18.96	-405.7	18	29.8	-	-	-
Change	-	-4.84%	2.28%	-2.83%	15.5%	-19.71%	-202.03%	184.8%	-	-	-20.99%	1.52%	54.87%	-39.04%	-	-	71.16%	-32.78%	-2,239.17%	104.44%	65.53%	-	-	-
Announcement Date	13/1/22	13/4/22	13/7/22	27/10/22	12/1/23	13/4/23	13/7/23	1/11/23	10/1/24	11/4/24	11/7/24	31/10/24	13/1/25	9/4/25	15/7/25	30/10/25	15/1/26	9/4/26	15/7/26	28/10/26	-	-	-	-

¹CAD in Million

Estimates

Fiscal Period: August	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	27/10/22	1/11/23	31/10/24	30/10/25	28/10/26	-	-

Estimates

Fiscal Period: August	2022	2023	2024	2025	2027	2028
CAPEX ¹	-	-	-	591.4	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	433.2	396.6	475.8	514.4	535.3	530.6
Change	-	-8.44%	19.95%	8.12%	-	-0.88%
Announcement Date	27/10/22	1/11/23	31/10/24	30/10/25	-	-

¹CAD in Million

Estimates

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	46.93%	46.51%	47.33%	48.3%	48.43%	47.16%	47.62%
EBIT Margin (%)	-	-	-	-	-	-	-	-
EBT Margin (%)	-	-	-	-	-	-	-	-
Net margin (%)	-	4.98%	2.29%	3.15%	2.82%	-11.8%	3.78%	3.76%
FCF margin (%)	-	14.46%	12.87%	15.48%	17.1%	-	19.24%	19.82%
FCF / Net Income (%)	-	290.51%	561.56%	491.77%	605.39%	-	509.32%	526.39%
Profitability
ROA	6.1%	5.73%	5.22%	4.94%	4.68%	5.3%	-	-
ROE	15.69%	14.86%	10.44%	10.24%	9.61%	-54.19%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	19.66%	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	40.7%	-	-	-
CAPEX / FCF (%)	-	-	-	-	114.97%	-	-	-
Items per share
Cash flow per share ¹	23.17	24.15	23.46	8.165	7.957	9.449	-	-
Change	-	4.21%	-2.83%	-65.2%	-2.56%	18.76%	-	-
Dividend per Share ¹	2.18	2.5	2.924	3.416	3.688	3.948	-	-
Change	-	14.68%	16.96%	16.83%	7.96%	7.05%	-	-
Book Value Per Share ¹	51.36	58.6	59.7	85.12	90.85	51.91	-	-
Change	-	14.11%	1.88%	42.57%	6.74%	-42.86%	-	-
EPS ¹	8.87	9.37	4.51	8.55	8.81	-35.92	-	-
Change	-	5.64%	-51.87%	89.58%	3.04%	-507.77%	-	-
Nbr of stocks (in thousands)	15,901	15,715	15,504	9,515	9,499	9,470	-	-
Announcement Date	11/11/21	27/10/22	1/11/23	31/10/24	30/10/25	29/10/26	-	-