Cogeco Communications (CCA) AGM 2026 summary

Opening remarks and agenda

• The meeting was held in a hybrid format, allowing both in-person and online participation, with simultaneous translation available.

• The agenda included the annual meetings of both the parent and subsidiary, with clear voting and question procedures for all shareholders.

• Quorum was confirmed, and voting devices and online systems were explained for shareholder engagement.

Financial performance review

• For the year ended August 31, 2025, consolidated revenue decreased by 2.1% for the parent, but adjusted EBITDA remained stable at $1.5 billion, and free cash flow rose 8.1% to $514 million.

• Dividends increased by 8% to $3.69 per share, and overall debt was reduced.

• For the subsidiary, revenue dropped 2.2%, adjusted EBITDA was stable at $1.4 billion, and free cash flow grew 8.6% to $517 million.

• The net debt to adjusted EBITDA ratio improved to 3.1x from 3.3x.

Board and executive committee updates

• Eleven directors were elected for the subsidiary, including four new members with diverse expertise.

• Three long-serving board members were thanked for their service.

• Eight directors were elected for the parent company, with strong shareholder support for all nominees.