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Financial Statements — BCE

Balance Sheet

(in billions CAD)

Metric	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021	Q2 2021
Inventory	0.39	0.45	0.42	0.41	0.47	0.66	0.66	0.56	0.48	0.42
Total Current Assets	7.41	7.07	8.92	8.58	7.90	6.97	6.49	6.30	6.20	6.95
Goodwill	13.23	10.18	10.26	11.36	10.94	11.02	10.91	10.72	10.57	10.58
Total Non-current Assets	72.76	64.07	64.56	65.67	64.04	63.08	62.84	61.73	60.57	57.19
Total Assets	80.17	71.13	73.49	74.25	71.94	70.05	69.33	68.03	66.76	64.13
Total Current Liabilities	12.86	11.58	14.85	13.12	12.11	12.59	11.47	9.75	9.11	8.35
Total Non-current Liabilities	44.00	41.18	41.28	41.12	39.28	36.01	35.35	34.52	34.71	33.01
Total Liabilities	56.86	52.76	56.13	54.24	51.38	48.60	46.81	44.27	43.82	41.36
Retained Earnings	(3.64)	(8.38)	(8.44)	(5.97)	(5.51)	(4.62)	(3.65)	(2.71)	(3.40)	(3.40)
Total Stockholder Equity	23.31	18.38	17.36	20.01	20.56	21.45	22.52	23.77	22.94	22.77

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Income Statement

(in billions CAD) (except per-share rows)

Metric	Q2 2025	Q2 2024	Q2 2023	Q2 2022	Q2 2021
Total Revenue	6.09	6.01	6.07	5.86	5.70
Total Operating Expenses	3.41	3.31	3.42	3.27	3.22
Interest Expense	0.44	0.43	0.36	0.27	0.27
Pretax Income*	0.88	0.84	0.67	0.89	0.97
Tax Provision	0.24	0.23	0.27	0.23	0.24
Net Income	0.64	0.60	0.40	0.65	0.73
Basic EPS	0.63	0.59	0.37	0.66	0.76
Diluted EPS	0.63	0.59	0.37	0.66	0.76

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* Derived from reported values

Cash Flow Statement

(in billions CAD)

Metric	Q2 2025	Q2 2024	Q2 2023	Q2 2022	Q2 2021
Operating Cash Flow	1.95	2.14	2.37	2.60	2.50
Investing Cash Flow	(0.75)	(1.89)	(1.46)	(1.19)	(1.24)
Financing Cash Flow	(1.74)	0.44	(0.75)	(0.99)	(2.12)

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