Postmedia Parcel Service Expands National Delivery Network to Better Serve Canadians in Newfoundland and Saskatchewan
TORONTO--(BUSINESS WIRE)--Postmedia Network Inc. ('Postmedia') today announced the expansion of Postmedia Parcel Service, which will further connect Canadians across Newfoundland and Saskatchewan. This strategic growth builds on Postmedia's existing parcel services in Nova Scotia, Prince Edward Island, New Brunswick and British Columbia, strengthening the company's commitment to delivering reliable service to communities that are often underserved by traditional carriers.
Postmedia Parcel Service's growing network provides local communities with timelier and more dependable delivery options, supporting greater economic activity and connectivity in remote and rural areas. This expansion reinforces Postmedia's role as a trusted national service provider, reaching Canadians from coast to coast.
'Extending our reach into Newfoundland and Saskatchewan is about more than logistics,' said Andrew MacLeod, President and CEO of Postmedia. 'It's about ensuring Canadians in every region have access to reliable delivery options, no matter where they live.'
The new service is already underway, with additional regional expansions in development.
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information visit: www.postmedia.com, www.postmediasolutions.com, and www.postmediaparcelservices.com.
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In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "budget", "scheduled", "estimates", "outlook", "target", "forecasts", "projection", "potential", "prospects", "strategy", "intends", "anticipates", "seek", "believes", "opportunity", "guidance", "aim", "goal" or variations of such words and phrases or statements that certain future conditions, actions, events or results "may", "could", "would", "should", "might", "will", "can", or negative versions thereof, "be taken", "occur", "continue" or "be achieved", and other similar expressions. Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events or circumstances. 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Although the Company believes that the assumptions underlying such forward-looking information were reasonable when made, they are inherently uncertain and are subject to significant risks and uncertainties and may prove to be incorrect. The Company cautions investors that forward-looking information is not a guarantee of the future and that actual results may differ materially from those made in or suggested by the forward-looking information contained in this press release. Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties and other factors, including but not limited to the risks identified herein, including "Summary of Factors Affecting Our Performance" of the Annual MD&A, or in the "Risk Factors" section of the Company's most recently filed annual information form, in each case filed under the Company's profile on SEDAR+ at If any of these risks or uncertainties materialize, or if assumptions underlying the forward-looking information prove incorrect, actual results might vary materially from those anticipated in the forward-looking information. Given these risks and uncertainties, investors are cautioned not to place undue reliance on forward-looking information, including any financial outlook. Any forward-looking information that is contained in this press release speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking information or to publicly announce the results of any revisions to any of those statements to reflect future events or developments, except as required by applicable securities laws. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data. About D2L Inc. (TSX: DTOL) D2L is transforming the way the world learns—helping learners of all ages achieve more than they dreamed possible. Working closely with customers all over the world, D2L is supporting millions of people learning online and in person. Our global workforce is dedicated to making the best learning products to leave the world better than they found it. Learn more at D2L Consolidated Interim Statements of Financial Position(In U.S. dollars) As at April 30, 2025 and January 31, 2025(Unaudited)April 30, 2025 January 31, 2025 Assets Current assets:Cash and cash equivalents $ 92,526,834 $ 99,184,514Trade and other receivables 24,372,457 26,430,586Uninvoiced revenue 2,969,131 2,756,998Prepaid expenses 7,789,390 7,564,837Deferred commissions 5,139,987 5,106,976 132,797,799 141,043,911 Non-current assets:Other receivables 400,458 422,589Prepaid expenses 314,523 308,235Deferred income taxes 15,872,360 18,115,730Right-of-use assets 8,026,078 7,450,545Property and equipment 7,049,725 7,125,272Deferred commissions 6,954,101 6,909,439Loan receivable from associate 9,295,669 9,123,399Intangible assets 17,852,622 17,135,529Goodwill 27,019,307 25,286,222Total assets $ 225,582,642 $ 232,920,871 Liabilities and Shareholders' EquityCurrent liabilities:Accounts payable and accrued liabilities $ 35,417,661 $ 30,504,085Deferred revenue 85,411,389 97,454,306Lease liabilities 1,545,432 1,201,604Contingent consideration 5,005,457 4,927,193 127,379,939 134,087,188 Non-current liabilities:Deferred income taxes 4,031,858 4,110,030Lease liabilities 10,391,849 9,977,941 14,423,707 14,087,971 141,803,646 148,175,159 Shareholders' equity:Share capital: 367,125,848 367,487,956Additional paid-in capital 45,380,347 48,263,266Accumulated other comprehensive loss (4,696,131) (7,456,599)Deficit (324,031,068) (323,548,911)83,778,996 84,745,712 Related party transactions Investment in associate Total liabilities and shareholders' equity $ 225,582,642 $ 232,920,871 D2L Consolidated Interim Statements of Comprehensive Income (Loss)(In U.S. dollars) For the three months ended April 30, 2025 and 2024(Unaudited)2025 2024Revenue:Subscription and support $ 47,735,572 $ 42,953,475Professional services and other 5,099,599 5,541,417 52,835,171 48,494,892 Cost of revenue:Subscription and support 11,840,420 11,946,610Professional services and other 3,964,545 3,870,868 15,804,965 15,817,478 Gross profit 37,030,206 32,677,414 Expenses:Sales and marketing 13,668,739 12,904,939Research and development 11,459,714 12,290,771General and administrative 8,386,362 8,099,431 33,514,815 33,295,141 Income (loss) from operations 3,515,391 (617,727) Interest and other income (expenses):Interest expense (220,129) (160,660)Interest income 717,052 1,084,045Other income 315,059 59,476Foreign exchange gain 1,536,516 230,781 2,348,498 1,213,642 Income before income taxes 5,863,889 595,915 Income taxes expense (recovery):Current 571,177 50,745Deferred 2,024,408 (27,096) 2,595,585 23,649 Income for the period 3,268,304 572,266 Other comprehensive gain (loss):Foreign currency translation gain (loss) 2,760,468 (795,690) Comprehensive income (loss) $ 6,028,772 $ (223,424) Earnings per share – basic $ 0.06 $ 0.01 Earnings per share – diluted 0.06 0.01Weighted average number of common shares – basic 54,689,330 54,015,602 Weighted average number of common shares – diluted 56,137,363 55,723,344D2L Consolidated Interim Statements of Changes in Shareholders' Equity(In U.S. dollars) For the three months ended April 30, 2025 and 2024(Unaudited)Share Capital Additional paid-in capital Accumulated other comprehensive loss Deficit TotalShares AmountBalance, January 31, 2025 54,653,174 $ 367,487,956 $ 48,263,266 $ (7,456,599) $ (323,548,911) $ 84,745,712 Issuance of Subordinate Voting Shares on exercise of options 13,734 120,279 (88,253) — — 32,026 Issuance of Subordinate Voting Shares on settlement of restricted share units 370,200 1,328,952 (5,292,603) — — (3,963,651) Stock-based compensation — — 3,213,041 — — 3,213,041 Reduction in excess tax benefit on stock-based compensation — — (715,104) — — (715,104) Repurchase of share capital for cancellation under NCIB (168,800) (1,811,339) — — — (1,811,339) Share repurchase commitment under the ASPP — — — — (3,750,461) (3,750,461) Other comprehensive income — — — 2,760,468 — 2,760,468 Income for the period — — — — 3,268,304 3,268,304 Balance, April 30, 2025 54,868,308 $ 367,125,848 $ 45,380,347 $ (4,696,131) $ (324,031,068) $ 83,778,996 Balance, January 31, 2024 53,978,085 $ 364,830,884 $ 47,485,107 $ (4,998,317) $ (350,437,401) $ 56,880,273 Issuance of Subordinate Voting Shares on exercise of options 206,299 1,739,261 (900,761) — — 838,500 Issuance of Subordinate Voting Shares on settlement of restricted share units 194,483 965,967 (2,587,799) — — (1,621,832) Stock-based compensation — — 2,332,754 — — 2,332,754 Repurchase of share capital for cancellation under NCIB (131,380) (1,021,919) — — — (1,021,919) Share repurchase commitment under the ASPP — — — — 284,181 284,181 Other comprehensive loss — — — (795,690) — (795,690) Income for the period — — — — 572,266 572,266 Balance, April 30, 2024 54,247,487 $ 366,514,193 $ 46,329,301 $ (5,794,007) $ (349,580,954) $ 57,468,533 D2L Consolidated Interim Statements of Cash Flows(In U.S. dollars) For the three months ended April 30, 2025 and 2024(Unaudited)2025 2024 Operating activities:Income for the period $ 3,268,304 $ 572,266Items not involving cash: Depreciation of property and equipment 392,558 436,493 Depreciation of right-of-use assets 347,334 286,692 Amortization of intangible assets 557,631 27,967 Gain on disposal of property and equipment (16,825) (45,803) Stock-based compensation 3,213,041 2,332,754 Net interest income (496,923) (923,385) Income tax expense 2,595,585 23,649 Fair value gain on loan receivable from associate (172,270) —Changes in operating assets and liabilities: Trade and other receivables 3,684,970 (2,528,272) Uninvoiced revenue (133,791) 168,438 Prepaid expenses 153,112 2,116,314 Deferred commissions 369,573 (191,409) Accounts payable and accrued liabilities (1,189,037) (6,008,716) Deferred revenue (14,399,467) (12,109,523) Right-of-use assets and lease liabilities — (43,743)Interest received 710,627 1,077,425Interest paid (1,633) (12,633)Income taxes paid (738,303) (4,239)Cash flows used in operating activities (1,855,514) (14,825,725) Financing activities:Payment of lease liabilities (487,522) (405,727)Proceeds from exercise of stock options 32,026 838,500Taxes paid on settlement of restricted share units (3,963,651) (1,621,832)Repurchase of share capital for cancellation under NCIB (1,811,339) (1,021,919)Cash flows used in financing activities (6,230,486) (2,210,978) Investing activities:Purchase of property and equipment (1,737) (171,869)Proceeds from disposal of property and equipment 16,825 45,803Cash flows from (used in) investing activities 15,088 (126,066) Effect of exchange rate changes on cash and cash equivalents 1,413,232 (929,583) Decrease in cash and cash equivalents (6,657,680) (18,092,352) Cash and cash equivalents, beginning of period 99,184,514 116,943,499 Cash and cash equivalents, end of period $ 92,526,834 $ 98,851,147 Non-IFRS Financial Measures and Reconciliation of Non-IFRS Financial Measures The information presented within this press release 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These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. Non-IFRS financial measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS and are unlikely to be comparable to similar measures presented by other issuers. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company's results of operations, financial performance and liquidity from management's perspective and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS measures. The Company believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of the Company. 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The following table reconciles Adjusted EBITDA to income for the period, and discloses Adjusted EBITDA Margin, for the periods indicated: (in thousands of U.S. dollars, except for percentages) Three months ended April 30 2025 2024Income for the period 3,268 572Stock-based compensation 3,213 2,333Foreign exchange gain (1,537) (231)Non-recurring expenses(1) 471 821Transaction-related costs(2) 440 672Fair value adjustment of acquired deferred revenue(3) 225 —Change in fair value of loan receivable from associate(4) (172) —Net interest income (497) (923)Income tax expense 2,596 24Depreciation and amortization 1,298 751Adjusted EBITDA 9,305 4,019Adjusted EBITDA Margin 17.6 % 8.3 %Notes: (1) These expenses relate to non-recurring activities, such as certain legal fees incurred that are not indicative of continuing operations, and changes of workforce or technology whereby certain functions were realigned to optimize operations. (2) These expenses include post-combination compensation costs from the acquisition of H5P, and was partially offset by a gain recognized from the reduction in the second anniversary payment owed to the selling shareholders of Connected Shopping Ltd ("Connected Shopping"), a company acquired in Fiscal 2024, which was recorded through Other income. In the prior fiscal year, these expenses included post-combination compensation, legal, professional and other fees related to the acquisition activities of H5P, Connected Shopping, and the divestiture of our majority ownership stake in SkillsWave. These expenses would not have been incurred if not for these transactions and are not considered to be indicative of expenses associated with the Company's continuing operations. (3) At the date of acquisition, the Company recognized a fair value adjustment on the opening deferred revenue balance acquired as part of the H5P acquisition as required under IFRS 3, Business Combinations. This adjustment is not reflective of ordinary operations and is expected to be substantially completed by the end of Fiscal 2026. (4) On a quarterly basis, the Company determines the fair value of the loan advanced to SkillsWave. The adjustments to the fair value of the loan are not reflective of the Company's main business operations and will not impact the Company's future results beyond the maturity date of the loan on June 28, 2029. Adjusted Gross Profit and Adjusted Gross Margin Adjusted Gross Profit is defined as gross profit excluding related stock-based compensation expenses and amortization from acquired intangible assets, specifically acquired technology. Adjusted Gross Margin is calculated as Adjusted Gross Profit expressed as a percentage of total revenue. For an explanation of management's use of Adjusted Gross Profit and Adjusted Gross Margin see "Non-IFRS and Other Financial Measures – Non-IFRS Financial Measures and Non-IFRS Financial Ratios – Adjusted Gross Profit and Adjusted Gross Margin" section in the Company's Interim MD&A, which section is incorporated by reference herein. The following table reconciles Adjusted Gross Profit to gross profit, and discloses Adjusted Gross Margin, for the periods indicated: (in thousands of U.S. dollars, except for percentages) Three months ended April 30 2025 2024 Gross profit for the period 37,030 32,677 Stock-based compensation 206 146 Amortization from acquired intangible assets 431 16 Adjusted Gross Profit 37,667 32,839 Adjusted Gross Margin 71.3 % 67.7 % Free Cash Flow and Free Cash Flow MarginFree Cash Flow is defined as cash flows from (used in) operating activities less net additions to property and equipment. Free Cash Flow Margin is calculated as Free Cash Flow expressed as a percentage of total revenue. For an explanation of management's use of Free Cash Flow and Free Cash Flow Margin see "Non-IFRS and Other Financial Measures – Non-IFRS Financial Measures and Non-IFRS Financial Ratios – Free Cash Flow and Free Cash Flow Margin" section in the Company's Interim MD&A, which section is incorporated by reference herein. The following table reconciles Free Cash Flow to cash flow used in operating activities, and discloses Free Cash Flow Margin, for the periods indicated: (in thousands of U.S. dollars, except for percentages) Three months ended April 30 2025 2024 Cash flow used in operating activities (1,856) (14,826) Net disposal (additions) to property and equipment 15 (126) Free Cash Flow (1,841) (14,952) Free Cash Flow Margin -3.5 % -30.8 % Constant Currency Revenue Constant Currency Revenue is defined as our total revenue with foreign-currency-denominated revenues translated at the historical exchange rates from the comparable prior period into our U.S. dollar functional currency. For an explanation of management's use of Constant Currency Revenue see "Non-IFRS and Other Financial Measures – Non-IFRS Financial Measures and Non-IFRS Financial Ratios – Constant Currency Revenue" section in the Company's Interim MD&A, which section is incorporated by reference herein. The following table reconciles our Constant Currency Revenue to revenue, for the periods indicated: (in thousands of U.S. dollars) Three months ended April 30 2025 2024 Total revenue for the period 52,835 48,495 Negative impact of foreign exchange rate changes over the prior period 773 — Constant Currency Revenue 53,608 48,495 Key Performance IndicatorsManagement uses a number of metrics, including the key performance indicators identified below, to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other issuers. These metrics are estimated operating metrics and not projections, nor actual financial results, and are not indicative of current or future performance. Annual Recurring Revenue and Constant Currency Annual Recurring Revenue: We define Annual Recurring Revenue ("ARR") as the annualized equivalent value of subscription revenue from all existing customer contracts as at the date being measured, exclusive of the implementation period. Our calculation of ARR assumes that customers will renew their contractual commitments as those commitments come up for renewal. We believe ARR provides a reasonable, real-time measure of performance in a subscription-based environment and provides us with visibility for potential growth in our cash flows. We believe that increasing ARR reflects the continued strength of our business and the successful execution of our strategy. Increasing ARR will continue to be our focus on a go-forward basis. We define Constant Currency Annual Recurring Revenue as foreign-currency-denominated ARR translated at the historical exchange rates from the comparable prior period into our U.S. dollar functional at April 30 (in millions of U.S. dollars, except percentages) 2025 2024 Change $ $ % ARR 206.2 190.3 8.4 % Constant Currency Annual Recurring Revenue 206.8 190.3 8.7 % SOURCE D2L Inc. View original content to download multimedia: Sign in to access your portfolio
