Corus Entertainment (CORS) AGM 2026 summary

Opening remarks and agenda

• Chair and executive team welcomed attendees, outlined meeting procedures, and confirmed quorum.

• Meeting held virtually on February 26, 2026, beginning at 9 a.m. MT / 11 a.m. ET.

• Voting was conducted electronically, with each noteholder entitled to one vote per CAD 1 in principal amount.

• All required meeting materials were properly distributed.

Financial performance review

• Fiscal 2025 consolidated revenues reached $1,127 million.

• Consolidated segment profit was $189 million for the year.

• Free cash flow was negative $22 million, using non-GAAP measures.

Strategic initiatives and plans

• Portfolio optimization included launching two new channels focused on home content.

• Expanded digital advertising offerings to capture new market opportunities.

• Operating costs were significantly reduced during the year.

• Strategic review completed, with a proposed recapitalization transaction announced on November 3, 2025.