v3.26.1
CONSOLIDATED BALANCE SHEETS
$ in Millions, $ in Millions
Dec. 31, 2025
CAD ($)
Dec. 31, 2024
CAD ($)
Current assets    
Cash and cash equivalents $ 128.0 $ 39.9
Restricted cash 35.2 34.2
Accounts receivable 878.9 1,003.8
Contract assets 109.2 139.6
Income taxes 23.2 16.4
Inventories 272.3 302.3
Other current assets 150.7 173.8
Total current assets 1,597.5 1,710.0
Non-current assets    
Property, plant and equipment 3,039.2 3,034.3
Intangible assets 3,375.2 3,401.3
Right-of-use assets 343.4 349.7
Goodwill 550.1 550.1
Derivative financial instruments 57.9 148.4
Investments   1,530.0
Promissory notes from the parent corporation 996.0 996.0
Other assets 510.2 509.6
Total non-current assets 8,872.0 10,519.4
Total assets 10,469.5 12,229.4
Current liabilities    
Bank indebtedness   3.0
Accounts payable, accrued charges and provisions 953.4 981.4
Deferred revenue 353.6 353.8
Deferred subsidies 35.2 34.2
Income taxes 45.4 36.2
Current portion of long-term debt 491.6 400.0
Current portion of lease liabilities 110.3 108.5
Total current liabilities 1,989.5 1,917.1
Non-current liabilities    
Long-term debt 6,301.5 7,182.3
Lease liabilities 263.0 270.0
Subordinated loan from the parent corporation   1,530.0
Derivative financial instruments 33.6 7.2
Deferred income taxes 822.4 764.6
Other liabilities 232.0 219.2
Total non-current liabilities 7,652.5 9,973.3
Equity    
Capital stock 312.9 312.9
Retained earnings 490.8 87.4
Accumulated other comprehensive income (loss) 23.7 (61.4)
Equity attributable to the shareholder 827.4 338.9
Non-controlling interests 0.1 0.1
Total equity 827.5 339.0
Commitments and contingencies
Total liabilities and equity $ 10,469.5 $ 12,229.4