Duyuru • Mar 18
Postmedia Network Canada Corp. Appoints Wendy Kelley as Chief Legal Officer & Corporate Secretary, Effective March 2, 2026 Postmedia Network Canada Corp. announced the permanent appointment of Wendy Kelley as Chief Legal Officer & Corporate Secretary, effective March 2, 2026. Wendy joined Postmedia last fall as the Interim General Counsel & Corporate Secretary. Wendy brings more than 25 years of senior legal and executive experience across public companies and regulated industries. She previously served as Interim CEO of the Immigration Consultants of Canada Regulatory Council, General Counsel & Corporate Secretary at Kruger Products and Biovail, and held senior legal and risk roles at BMO Financial Group. In her role, Wendy will oversee Postmedia’s legal strategy, governance, and regulatory compliance as the company continues to advance its national media and logistics businesses. Duyuru • Mar 04
Postmedia Network Canada Corp. (TSX : PNC.B) acquired accelerate360 Canada Inc. Postmedia Network Canada Corp. (TSX : PNC.B) acquired accelerate360 Canada Inc on March 2, 2026.
Postmedia Network Canada Corp. (TSX : PNC.B) completed the acquisition of accelerate360 Canada Inc on March 2, 2026. Reported Earnings • Jan 13
First quarter 2026 earnings released: CA$0.21 loss per share (vs CA$0.25 loss in 1Q 2025) First quarter 2026 results: CA$0.21 loss per share (improved from CA$0.25 loss in 1Q 2025). Revenue: CA$111.9m (up 1.5% from 1Q 2025). Net loss: CA$20.4m (loss narrowed 17% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Dec 08
Postmedia Network Canada Corp., Annual General Meeting, Feb 24, 2026 Postmedia Network Canada Corp., Annual General Meeting, Feb 24, 2026. Location: ontario, toronto Canada Reported Earnings • Nov 23
Full year 2025 earnings released: CA$0.78 loss per share (vs CA$0.50 loss in FY 2024) Full year 2025 results: CA$0.78 loss per share (further deteriorated from CA$0.50 loss in FY 2024). Revenue: CA$431.5m (up 9.0% from FY 2024). Net loss: CA$77.3m (loss widened 56% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Oct 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$113.9m (US$81.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$354m). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$113.9m market cap, or US$81.6m). Reported Earnings • Jul 12
Third quarter 2025 earnings released: EPS: CA$0.08 (vs CA$0.16 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0.08 (up from CA$0.16 loss in 3Q 2024). Revenue: CA$109.2m (up 8.3% from 3Q 2024). Net income: CA$7.91m (up CA$23.8m from 3Q 2024). Profit margin: 7.2% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Apr 30
Postmedia Network Canada Corp. Appoints Anita Boyle Evans as Senior Vice President, National Client Partnerships, Effective from April 7, 2025 Postmedia Network Canada Corp. announced that effective April 7, 2025, Anita Boyle Evans joined the company as the Senior Vice President, National Client Partnerships. Anita will play a pivotal role in developing and nurturing strategic relationships at both the national and agency levels and further enhancing client engagement through innovative products, data-driven strategies, and exceptional service. Prior to joining Postmedia, Anita served as Vice President of Client Solutions & Partnerships at Numeris, bringing significant experience from her earlier role as Director of Client Services & Sales at Nielsen. Anita is recognized industry-wide for her ability to develop effective collaborations that deliver impactful results. Her arrival underscores Postmedia’s ongoing commitment to innovation in its national business growth strategy. Reported Earnings • Apr 15
Second quarter 2025 earnings released: CA$0.16 loss per share (vs CA$0.20 loss in 2Q 2024) Second quarter 2025 results: CA$0.16 loss per share (improved from CA$0.20 loss in 2Q 2024). Revenue: CA$110.8m (up 14% from 2Q 2024). Net loss: CA$16.0m (loss narrowed 21% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Mar 18
Postmedia Network Canada Corp. Announces Appointments to Board of Directors Postmedia Network Canada Corp. announced the appointment of Jason Kenney and Terrie O’Leary to its Board of Directors, effective immediately. Jason Kenney is a distinguished Canadian politician who recently completed a 25-year career in elected public service at both the federal and provincial levels. He served as the 18th Premier of Alberta from 2019 to 2022 and was a Member of federal Parliament from 1997 to 2016, representing Calgary Southeast. During this time, he held several key cabinet positions, including Minister for Citizenship, Immigration and Multiculturalism; Minister of Employment and Social Development; and Minister of National Defence. Mr. Kenney is currently a Senior Advisor at Bennett Jones LLP and serves on the board of directors of ATCO Ltd. Terrie O’Leary is a seasoned executive with significant experience in government relations, strategy, and finance. Most recently, she served as the Executive Vice President of Business Strategy & Operations at Toronto Global. Her extensive public and private sector experience includes serving as Interim President and CEO of Invest Toronto, as a Board Director at the World Bank in Washington, D.C., and as a member of the board of directors of the Greater Toronto Airports Authority. Ms. O’Leary was also the Chief of Staff to Canada's Minister of Finance, Paul Martin, from 1993 to 1998. The appointments follow the previously-announced decisions of Vince Gasparro and Daniel Rotstein to not stand for re-election to the Board at the annual general meeting of shareholders held on February 19, 2025. Duyuru • Feb 20
Daniel Rotstein Announces Not to Seek for Re-Election as Director of Postmedia Network Canada Corp Postmedia Network Canada Corp. announced that prior to the Annual General Meeting held on February 19, 2025, Mr. Daniel Rotstein advised Postmedia that he did not wish to seek re-election as a director of the Company; accordingly, he was not nominated for election at the Meeting. Mr. Rotstein, an accomplished Human Resources and Administration executive with over 25 years of experience in a variety of private sector industries as well as city government, has served on Postmedia’s board of directors since October 2016. Board Change • Feb 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Minor Risk Market cap is less than US$100m (CA$122.8m market cap, or US$85.1m). Board Change • Dec 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 11
Postmedia Network Canada Corp., Annual General Meeting, Feb 19, 2025 Postmedia Network Canada Corp., Annual General Meeting, Feb 19, 2025. Location: ontario, toronto Canada Reported Earnings • Nov 23
Full year 2024 earnings released: CA$0.50 loss per share (vs CA$0.73 loss in FY 2023) Full year 2024 results: CA$0.50 loss per share (improved from CA$0.73 loss in FY 2023). Revenue: CA$395.9m (down 12% from FY 2023). Net loss: CA$49.7m (loss narrowed 32% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 09
Vince Gasparro Announces Not to Seek for Re-Election as Director of Postmedia Network Canada Corp Postmedia Network Canada Corp. announced that Vince Gasparro will not seek re-election as a director of the Company at the next annual general meeting of the Company. Gasparro, an accomplished leader who serves on the boards of the Canada Infrastructure Bank and the World Wildlife Fund Canada, has served on Postmedia’s board of directors (the “Board”) since February 10, 2021. Reported Earnings • Jul 12
Third quarter 2024 earnings released: CA$0.16 loss per share (vs CA$0.25 loss in 3Q 2023) Third quarter 2024 results: CA$0.16 loss per share (improved from CA$0.25 loss in 3Q 2023). Revenue: CA$100.8m (down 9.3% from 3Q 2023). Net loss: CA$15.9m (loss narrowed 36% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • May 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 11
First quarter 2024 earnings released: CA$0.11 loss per share (vs CA$0.16 loss in 1Q 2023) First quarter 2024 results: CA$0.11 loss per share (improved from CA$0.16 loss in 1Q 2023). Revenue: CA$104.6m (down 16% from 1Q 2023). Net loss: CA$10.6m (loss narrowed 33% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Duyuru • Dec 02
Postmedia Network Canada Corp., Annual General Meeting, Feb 26, 2024 Postmedia Network Canada Corp., Annual General Meeting, Feb 26, 2024. Board Change • Nov 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Vince Gasparro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 15
Third quarter 2023 earnings released: CA$0.25 loss per share (vs CA$0.17 loss in 3Q 2022) Third quarter 2023 results: CA$0.25 loss per share (further deteriorated from CA$0.17 loss in 3Q 2022). Revenue: CA$111.2m (down 7.8% from 3Q 2022). Net loss: CA$24.8m (loss widened 48% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Duyuru • Jun 30
Postmedia Network Confirms Merger Talks with Nordstar Capital Postmedia Network Canada Corp. (TSX:PNC.B) on June 27, 2023 confirmed it was in a non-binding discussion with NordStar Capital LP for a potential merger with some operational assets of the Toronto Star Newspapers Ltd. (Toronto Star) and the Metroland Media Group Ltd. (Metroland) newspapers. The merger will help to significantly reduce overall debt and to grow a strong national editorial infrastructure, the company said. Nordstar Capital LP will have a 50% voting interest and 44% economic interest in the merged entity, which is yet to be named, while Postmedia shareholders will hold the rest. Jordan Bitove, owner of Nordstar, will be the chairman of the combined entity and Andrew MacLeod, CEO of Postmedia, the CEO. The Toronto Star will maintain its editorial independence through the incorporation of a new company, Toronto Star Inc, the company said. Nordstar would retain a 65% interest in Toronto Star Inc, and Bitove would remain publisher of the Toronto Star. Duyuru • Jun 23
Postmedia Network Canada Corp. Announces Board Changes Postmedia Network Canada Corp. announced that Jamie Irving has resigned as Executive Chair of Postmedia’s Board of Directors to pursue other opportunities. Peter Sharpe, Lead Director, will assume the role of Interim Chair, effective immediately. Reported Earnings • Apr 06
Second quarter 2023 earnings released: CA$0.21 loss per share (vs CA$0.24 loss in 2Q 2022) Second quarter 2023 results: CA$0.21 loss per share (improved from CA$0.24 loss in 2Q 2022). Revenue: CA$111.8m (up 9.1% from 2Q 2022). Net loss: CA$20.8m (loss narrowed 6.0% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 13
First quarter 2023 earnings released: CA$0.16 loss per share (vs CA$0.047 loss in 1Q 2022) First quarter 2023 results: CA$0.16 loss per share (further deteriorated from CA$0.047 loss in 1Q 2022). Revenue: CA$124.2m (up 5.2% from 1Q 2022). Net loss: CA$15.9m (loss widened 260% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Nov 09
Postmedia Network Canada Corp., Annual General Meeting, Feb 09, 2023 Postmedia Network Canada Corp., Annual General Meeting, Feb 09, 2023. Reported Earnings • Oct 22
Full year 2022 earnings released: CA$0.78 loss per share (vs CA$0.36 profit in FY 2021) Full year 2022 results: CA$0.78 loss per share (down from CA$0.36 profit in FY 2021). Revenue: CA$458.2m (up 3.6% from FY 2021). Net loss: CA$74.7m (down 322% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 08
Third quarter 2022 earnings released: CA$0.17 loss per share (vs CA$0.093 profit in 3Q 2021) Third quarter 2022 results: CA$0.17 loss per share (down from CA$0.093 profit in 3Q 2021). Revenue: CA$120.6m (up 7.9% from 3Q 2021). Net loss: CA$16.8m (down 292% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Apr 08
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CA$0.24 loss per share (down from CA$0.008 profit in 2Q 2021). Revenue: CA$102.5m (down 3.3% from 2Q 2021). Net loss: CA$22.1m (down CA$22.8m from profit in 2Q 2021). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 1,500%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 15
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: CA$118.1m (up 1.0% from 1Q 2021). Net loss: CA$4.42m (down 108% from profit in 1Q 2021). Revenue missed analyst estimates by 7.1%. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 09
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CA$111.7m (flat on 3Q 2020). Net income: CA$8.74m (up CA$22.5m from 3Q 2020). Profit margin: 7.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 10
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CA$106.0m (down 21% from 2Q 2020). Net income: CA$717.0k (up CA$13.5m from 2Q 2020). Profit margin: 0.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improved over the past week After last week's 24% share price gain to CA$1.86, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 14x in the Media industry in Canada. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$1.40, the stock is trading at a trailing P/E ratio of 3.3x, down from the previous P/E ratio of 4x. This compares to an average P/E of 13x in the Media industry in Canada. Total returns to shareholders over the past three years are 24%. 
