Cogeco (CGO) AGM 2026 summary

Opening remarks and agenda

• Two annual meetings held for both the parent and subsidiary, with quorum confirmed and voting procedures explained for in-person and online participants.

• Shareholders were invited to ask questions at designated times, with opportunities provided both in-person and online.

Financial performance review

• Fiscal 2025 saw a 2.1% decrease in consolidated revenue for the parent, but adjusted EBITDA remained stable at $1.5B and free cash flow rose 8.1% to $514M.

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

• For the subsidiary, consolidated revenue dropped 2.2%, adjusted EBITDA held at $1.4B, and free cash flow grew 8.6% to $517M.

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

Board and executive committee updates

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

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

• Eight directors were elected for the parent company, with all candidates receiving over 97% support.