Cogeco (CGO) AGM 2025 summary

Opening remarks and agenda

• Annual meetings for both Cogeco Communications Inc. and Cogeco Inc. were held in hybrid format, chaired by the Chairman of the Board, with procedures outlined in the circulars and quorum confirmed.

• Voting was facilitated both in-person and online, with real-time results to be published on SEDAR+.

Board and executive committee updates

• Ten directors were elected to Cogeco Communications' board with 97% approval, and eight directors to Cogeco Inc.'s board with over 98% approval.

• New executive team members were welcomed in 2024, bringing expertise aligned with strategic goals.

Financial performance review

• Cogeco Inc. reported stable revenue at CAD 3.1B, Adjusted EBITDA up 1.5% to CAD 1.5B, and stable profit at CAD 349M for FY2024; dividends rose 16.8% to CAD 3.42/share.

• Cogeco Communications had stable revenue at CAD 3B, Adjusted EBITDA up 1.5% to CAD 1.4B, but earnings down 15.3% to CAD 354M; dividends increased 10.1% to CAD 3.42/share.

• Q1 2025 saw slight revenue declines but increases in Adjusted EBITDA and profit for both entities, with dividends up 8% to CAD 0.92/share.