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SaskTel Reports $82.2M Profit Drop, NDP Warns Prices Could Rise

6/26/2025

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Summary

Story summary

SaskTel reported a net income of $82.2 million for 2024/25, down from $95.4 million in 2023/24.
The Saskatchewan NDP cautions that this decline could lead to higher consumer prices.
Total revenue increased by $16.4 million, reaching $1,364.9 million, but fell short of targets.
The company's debt ratio rose to 56.5% due to investments in fibre and 5G networks.

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Story summary

SaskTel reported a net income of $82.2 million for 2024/25, down from $95.4 million in 2023/24.
The Saskatchewan NDP cautions that this decline could lead to higher consumer prices.
Total revenue increased by $16.4 million, reaching $1,364.9 million, but fell short of targets.
The company's debt ratio rose to 56.5% due to investments in fibre and 5G networks.