ADDED
tcx20251231_10k.htm 0000909494 TUCOWS INC /PA/ false --12-31 FY 2025 true true true false The Board of Directors oversees management s processes for identifying and mitigating risks, including cybersecurity risks, to help align our risk exposure with our strategic objectives.
Senior leadership manages our overall information security strategy, policy, security engineering, operations and cyber threat detection and response.
The corporate information security function is responsible for managing and continually enhancing our information security posture and information security infrastructure with the ultimate goal of preventing cybersecurity incidents and reducing their severity to the extent feasible, while simultaneously increasing our resilience in an effort to minimize the business impact should an incident occur.
The Board of Directors oversees management s processes for identifying and mitigating risks, including cybersecurity risks, to help align our risk exposure with our strategic objectives.
Senior leadership manages our overall information security strategy, policy, security engineering, operations and cyber threat detection and response.
The corporate information security function is responsible for managing and continually enhancing our information security posture and information security infrastructure with the ultimate goal of preventing cybersecurity incidents and reducing their severity to the extent feasible, while simultaneously increasing our resilience in an effort to minimize the business impact should an incident occur.
true Senior leadership, including our CEO, who also has relevant experience in cybersecurity matters, regularly brief the Board of Directors on our cybersecurity and information security initiatives, and the Board of Directors is apprised of cybersecurity incidents deemed to have a material business impact.
Senior leadership, including our CEO, who also has relevant experience in cybersecurity matters, regularly brief the Board of Directors on our cybersecurity and information security initiatives, and the Board of Directors is apprised of cybersecurity incidents deemed to have a material business impact.
true false false false false true false 1,295 923 0 33,333,333 15,243,600 15,243,600 0 33,333,333 15,243,600 15,243,600 0 0 250,000,000 250,000,000 11,111,453 11,111,453 11,014,655 11,014,655 288 858 299 3 3 130.4 0 0 2 15 7 true 1 12 3.75 1 3.75 3.00 0 21 21 0 1 1 1 1 1 1 1 1 1 1 1 10 12 3 1 10 15.32 14.60 0.1 0 0 0 0 0 4 7 1 5 0 0 3 0.1 0.1 4 7 0.1 0.1 10 5 25 3 3 0 0 0 0 0 Acquisition and other costs represent transaction-related expenses and transitional expenses.
Fiber network is presented net of $0.1 million government grants (2024: $1.6 million), with an impact of $0.1 million on accumulated depreciation (2024: $0.1 million).
REMOVED
Purchase obligations include minimum revenue commitments of $18.5 million with the Company's MNO partner between 2025 and 2026.
Acquisition and other costs represent transaction-related expenses and transitional expenses.
Fiber network is presented net of $1.6 million government grants (2023: nil), with an impact of $0.1 million on accumulated depreciation (2023: nil).
Qualifying assets include internally use software (IUS), assets under construction (AUC), equipment, or other long-lived assets that meet the capitalization criteria prescribed by ASC 718.
During the year ended December 31, 2023, the Company capitalized $2.4 million of interest expenses pertaining to the redeemable preferred units directly attributable to the development of certain AUC assets, respectively.
During the year ended December 31, 2023, the Company capitalized $1.0 million of interest expenses pertaining to the 2023 Notes directly attributable to the development of certain AUC assets.
Certain revenues and expenses are excluded from segment adjusted earnings before interest, tax, depreciation and amortization ("EBITDA") results as they are centrally managed and not monitored by or reported to our CEO by segment, including mobile retail services, eliminations of intercompany transactions, portions of Finance and Human Resources that are centrally managed, Legal and Corporate Information Technology ("IT") shared services.
As of December 31, 2024, Ting Internet had access to 134,000 owned infrastructure serviceable addresses, 45,000 partner infrastructure serviceable addresses and 51,000 active accounts under its management; compared to having access to 121,000 owned infrastructure serviceable addresses, 29,000 partner infrastructure serviceable addresses and 43,000 active accounts under its management as of December 31, 2023.
These figures exclude the increase in serviceable addresses and accounts attributable to the Simply Bits acquisition.
Domains under management has decreased by 0.1 million, or less than 0.2%, since D ecember 31, 2023.