v3.25.4
RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party [Abstract]  
Disclosure of transactions between related parties
Compensation expense for key management personnel included in "employee salaries, benefits, and stock-based compensation" and "restructuring, acquisition and other" was as follows:
Years ended December 31
(In millions of dollars) 20252024
Salaries and other short-term employee benefits12 20 
Post-employment benefits2 2 
Stock-based compensation 1
 35 34 
Total compensation 49 56 
1    Stock-based compensation does not include the effect of changes in fair value of Class B Non-Voting Shares or equity derivatives.
We carried out the following business transactions with our associates and joint arrangements. MLSE activity is included prior to July 1, 2025 when the MLSE Transaction closed and activity related to MLSE's associates (see note 20) is included from July 1, 2025.
Years ended December 31
(In millions of dollars) 20252024
Revenue51 45 
Purchases and lease payments
 174 231 
Outstanding balances at year-end are unsecured, interest-free, and settled in cash.
As at December 31
(In millions of dollars) 20252024
Accounts receivable95 101 
Accounts payable and other liabilities
 300 163 
Disclosure of interests in subsidiaries
Jurisdiction of Incorporation
Ownership Percentage
Subsidiary
20252024
Rogers Communications Canada Inc.
Canada
100 %100 %
Rogers Media Inc.
Canada
100 %100 %
Maple Leaf Sports & Entertainment Ltd.
Canada
75.0 %
n/a 1
Backhaul Network Services Inc.
Canada
50.1 %n/a
Disclosure of subsidiaries
Subsidiaries
Under IFRS, certain summary financial information of BNSI is required to be disclosed (see note 28). Income and cash flow activity in the table below reflects the period from June 20, 2025 (the date the network transaction closed) to December 31, 2025.
As at or year ended December 31
(In millions of dollars)2025
Current assets, including cash and cash equivalents of $0.4 billion
738 
Long-term assets, including intangible assets of $7.9 billion
15,227 
Current liabilities(267)
Long-term liabilities(16)
Total net assets15,682 
Revenue823 
Expenses799 
Net income
24 
Net income attributable to RCI
12 
Net income attributable to non-controlling interest
12 
Cash flows provided by operating activities
618 
Cash flows used in investing activities
(6,642)
Cash flows provided by financing activities
6,393 
Change in cash and cash equivalents
369