Company Website: https://www.postmedia.com/
TORONTO -- (Business Wire)

Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today released financial information for the three months ended November 30, 2025.

“Our first quarter performance marks a solid start as we build momentum and continue to advance our fiscal 2026 priorities,” said Andrew MacLeod, Postmedia President and Chief Executive Officer. “In a challenging operating environment, growth in parcels and other revenue highlights the importance of diversification, and the steps we are taking to build more robust revenue streams. This includes the performance of our flyer business, where investment in our distribution network enabled us to bridge the gap during the Canada Post strike, ensuring that Canadian businesses and households were not left without the service they rely on.”

“Our results this quarter reflect the benefits of structural changes made over the past year and our continued focus on disciplined cost management,” MacLeod added. “As we move forward, we remain focused on strengthening our core operations, investing in new growth areas and positioning the company for long term resilience.”

First Quarter Operating Results

Revenue for the quarter was $111.9 million as compared to $110.3 million in the same period in the prior year, representing an increase of $1.6 million (1.5%). The revenue increase was primarily due to increases in parcel revenue of $3.6 million (27.1%) and other revenue of $0.3 million (6.4%), partially offset by decreases in circulation revenue of $2.2 million (6.2%).

Total operating expenses excluding depreciation, amortization, impairment and restructuring and other increased $2.0 million, or 1.9%, for the quarter ended November 30, 2025, relative to the same period in the prior year. The increase relates to increased compensation, distribution and production expenses, partially offset by decreases in newsprint and other operating expenses.

Operating income before depreciation, amortization, impairment and restructuring and other in the quarter was $5.1 million, a decrease of $0.4 million relative to the same period in the prior year. The decrease in operating income before depreciation, amortization, impairment and restructuring and other is due to an increase in total revenue, partially offset by an increase in operating expenses excluding depreciation, amortization, impairment and restructuring and other.

Net loss in the quarter ended November 30, 2025 was $20.4 million, as compared to a net loss of $24.5 million in the same period in the prior year. The decrease in net loss was primarily the result of a decrease in amortization, restructuring and other expenses, and a decrease in foreign currency exchange losses, partially offset by an increase in interest expense, and a decrease in gains on derivative financial instruments and financial assets at fair value through profit and loss.

Additional Information

Additional information, including financial statements and management’s discussion and analysis can be found on the Company’s website at www.postmedia.com or on SEDAR+ at www.sedarplus.ca.

Note: All dollar amounts are expressed in Canadian dollars unless otherwise specified.

About Postmedia Network Canada Corp.

Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 130 brands across multiple print and digital platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit www.postmedia.com, www.postmediasolutions.com and www.postmediaparcelservices.com.

Forward-Looking Information

This news release may include information that is “forward-looking information” under applicable Canadian securities laws. The Company has tried, where possible, to identify such information and statements by using words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “may,” “will,” “could,” “would,” “should” and similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance. Forward-looking statements in this news release include statements with respect the implementation and results of the Company’s transformation initiatives, continued benefits of historical results into future periods, the realization of anticipated cost savings, the identification and undertaking of ongoing cost savings initiatives. By their nature, forward-looking information and statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, among others: competition from digital and other forms of media; the effect of economic conditions on advertising revenue; the ability of the Company to build out its digital media and online businesses; the failure to maintain current print and online newspaper readership and circulation levels; the realization of anticipated cost savings; possible damage to the reputation of the Company’s brands or trademarks; possible labour disruptions; possible environmental liabilities, litigation and pension plan obligations; fluctuations in foreign exchange rates and the prices of newsprint and other commodities.

For a complete list of our risk factors please refer to the section entitled “Risk Factors” contained in our annual management’s discussion and analysis for the years ended August 31, 2025 and 2024. Although the Company bases such information and statements on assumptions believed to be reasonable when made, they are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry in which the Company operates, may differ materially from any such information and statements in this press release. Given these risks and uncertainties, undue reliance should not be placed on any forward-looking information or forward-looking statements, which speak only as of the date of such information or statements. Other than as required by law, the Company does not undertake, and specifically declines, any obligation to update such information or statements or to publicly announce the results of any revisions to any such information or statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260112734713/en/

Contacts:

Media Contact
Communications
inquiries@postmedia.com

Investor Contact
John Bode
Executive Vice President, Chief Financial Officer and Chief Transformation Officer
investors@postmedia.com

Source: Postmedia Network Canada Corp.