Yellow Pages Limited Unveils Strong Q2 2025 Results and Dividend

Yellow Pages Limited Reports Second Quarter Financial Performance
Yellow Pages Limited (TSX:Y), a prominent digital media and marketing company, has announced its robust financial results for the quarter ending June 30, 2025. This quarter marked continued progress towards greater revenue stability and solid cash reserves.
Operational Highlights from the Second Quarter
“We are pleased with our second quarter results, indicating our ongoing efforts to stabilize revenues and maintain a strong cash balance,” said Sherilyn King, President and CEO of Yellow Pages Limited.
Key Developments
- Revenue Stability: This quarter reflects the sixth consecutive quarter of improvement in our revenue trends.
- Customer Metrics: We are witnessing a deceleration in customer decline, aided by new acquisitions and relatively stable renewal rates.
- Quarterly Earnings: The Adjusted EBITDA for this quarter was 20.7% of total revenue.
- Cash Reserves: Our cash balance at the end of July was approximately $49 million.
- Pension Plan Initiatives: The Company has completed a significant purchase of group annuity contracts to mitigate pension risks.
- Dividend Declaration: The Board has approved a quarterly dividend of $0.25 per share.
Financial Highlights for the Quarter
Key financial metrics for the second quarter of 2025 showcase the company's performance:
- Total Revenues: Revenues totaled $51.7 million, indicating a decrease of 7.4% year-over-year but a slight improvement compared to the previous quarter.
- Adjusted EBITDA: The company's Adjusted EBITDA stood at $10.7 million, representing 20.7% of revenue.
- Net Income: Net income for the quarter was reported at $1.5 million, or $0.11 per diluted share.
Detailed Analysis of Revenue Trends
Despite the decline in revenues, we have seen improvements in our key metrics. Total digital revenues decreased by 6.4% year-over-year, amounting to $41 million, while print revenues declined by 11.2%, totaling $10.7 million. The decrease in print revenue is primarily driven by a decline in print customers; however, the average spending per customer has improved due to price increases.
Future Outlook for Company Growth
The trend of revenue decline is anticipated to stabilize as we enhance customer acquisition efforts. Revenue performance is also supported by stable renewal rates and increases in average customer spend, setting a positive trajectory for the future.
Cash Flow Insights
Cash flows from operating activities for the second quarter decreased to $12.1 million, down by $1.6 million from the same period last year. This change results from lower Adjusted EBITDA but was partially offset by reduced funding for post-employment benefits.
About Yellow Pages Limited
Yellow Pages Limited is a leading Canadian company specializing in digital marketing solutions. It engages buyers and sellers within the local economy through platforms like YP.ca, Canada411, and various mobile applications.
Frequently Asked Questions
What are the key highlights from Yellow Pages Limited's Q2 2025 results?
The highlights include a total revenue of $51.7 million, an Adjusted EBITDA margin of 20.7%, and a declared dividend of $0.25 per share.
How is Yellow Pages Limited managing its customer acquisition?
The company focuses on enhancing customer acquisition, aiming to reduce the decline in customer counts through strong marketing efforts and effective service offerings.
What are the company’s cash reserves?
Yellow Pages Limited reported a cash balance of approximately $49 million at the end of July 2025.
How does the company's performance compare year-over-year?
The company has seen an overall improvement in its operational metrics, with a decelerating decline in revenues compared to prior quarters.
What strategies is Yellow Pages Limited using for future growth?
Strategies include focusing on customer retention, optimizing marketing expenditures, and leveraging its digital platforms for increasing revenues.
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