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v3.26.1

Consolidated statements of changes in equity - CAD ($) $ in Millions | Total | Total | Shares Preferred shares | Shares Common shares | Contri-buted surplus | Publicly-traded and privately-held invest- ments | Derivatives designated as cash-flow hedges | Cumulative translation adjustment | Deficit | Non-controlling interest
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at beginning of period at Dec. 31, 2024 | $ 17,360 | $ 17,071 | $ 3,533 | $ 20,860 | $ 1,278 | $ 658 | $ (817) |  | $ (8,441) | $ 289
Net earnings | 1,327 | 1,290 |  |  |  |  |  |  | 1,290 | 37
Other comprehensive income (loss) | 570 | 573 |  |  |  | 34 | 388 |  | 151 | (3)
Total comprehensive income | 1,897 | 1,863 |  |  |  | 34 | 388 |  | 1,441 | 34
Common shares issued under dividend reinvestment plan | 633 | 633 |  | 633 |  |  |  |  |  |
Other share-based compensation | 13 | 13 |  |  | (16) |  |  |  | 29 |
Repurchase of preferred shares | (76) | (76) | (109) |  | 33 |  |  |  |  |
Dividends declared on BCE common and preferred shares | (1,414) | (1,414) |  |  |  |  |  |  | (1,414) |
Dividends declared by subsidiaries to non- controlling interest | (13) |  |  |  |  |  |  |  |  | (13)
Settlement of cash flow hedges transferred to the cost basis of hedged items | (23) | (23) |  |  |  |  | (23) |  |  |
Balance at end of period at Jun. 30, 2025 | 18,377 | 18,067 | 3,424 | 21,493 | 1,295 | 692 | (452) |  | (8,385) | 310
Balance at beginning of period at Dec. 31, 2025 | 23,310 | 23,020 | 3,288 | 21,493 | 1,308 | 911 | (301) | $ (37) | (3,642) | 290
Net earnings | 1,296 | 1,250 |  |  |  |  |  |  | 1,250 | 46
Other comprehensive income (loss) | 538 | 536 |  |  |  | 57 | (131) | 272 | 338 | 2
Total comprehensive income | 1,834 | 1,786 |  |  |  | 57 | (131) | 272 | 1,588 | 48
Other share-based compensation | 15 | 15 |  |  | (10) |  |  |  | 25 |
Repurchase of preferred shares | (62) | (62) | (72) |  | 10 |  |  |  |  |
Dividends declared on BCE common and preferred shares | (892) | (892) |  |  |  |  |  |  | (892) |
Dividends declared by subsidiaries to non- controlling interest | (24) |  |  |  |  |  |  |  |  | (24)
Settlement of cash flow hedges transferred to the cost basis of hedged items | (3) | (3) |  |  |  |  | (3) |  |  |
Reclassification of Group CH Limited Partnership | 0 |  |  |  |  | (823) |  |  | 823 |
Balance at end of period at Jun. 30, 2026 | $ 24,178 | $ 23,864 | $ 3,216 | $ 21,493 | $ 1,308 | $ 145 | $ (435) | $ 235 | $ (2,098) | $ 314

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