GFL Environmental Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,616	6,139	7,516	6,761	5,137
Revenue Growth (YoY)	7.77%	-18.32%	11.15%	31.63%	22.41%
Cost of Revenue	5,249	5,010	6,246	5,964	4,663
Gross Profit	1,367	1,129	1,269	797.6	473.7
Selling, General & Admin	967.4	864.5	973.9	730.4	562.7
Other Operating Expenses	-91.1	-2.7	-13.1	4.7	2.2
Total Operating Expenses	876.3	861.8	960.8	735.1	564.9
Operating Income	491	267	308.6	62.5	-91.2
Interest Income	-39	18.2	-61.6	20.7	-
Interest Expense	-595.2	-665.8	-627.2	-489.3	-432.5
Other Non-Operating Income (Expense)	370.1	-743.3	572.3	46.8	-212.5
Total Non-Operating Income (Expense)	-264.1	-1,391	-116.5	-421.8	-645
Pretax Income	226.9	-1,124	192.1	-359.3	-736.2
Provision for Income Taxes	-14.2	-226.4	159.9	-176.1	-109.2
Net Income	3,834	-722.7	45.4	-311.8	-606.8
Minority Interest in Earnings	20.7	15	13.2	-0.7	-
Earnings From Discontinued Operations	3,572	159.8	-	-127.9	20.2
Net Income to Common	3,834	-722.7	45.4	-311.8	-606.8
Shares Outstanding (Basic)	370	381	370	367	362
Shares Outstanding (Diluted)	379	381	370	367	362
Shares Change (YoY)	-0.56%	3.03%	0.68%	1.55%	0.33%
EPS (Basic)	14.05	-3.03	-0.13	-1.08	-1.83
EPS (Diluted)	13.71	-3.03	-0.13	-1.08	-1.83
Free Cash Flow	174.6	347.2	-74.7	449.29	250.7
Free Cash Flow Growth	-49.71%	-	-	79.21%	239.24%
Free Cash Flow Per Share	0.46	0.91	-0.20	1.22	0.69
Dividends Per Share	0.084	0.081	0.069	0.065	0.056
Dividend Growth	4.82%	17.33%	5.71%	16.67%	9.25%
Gross Margin	20.67%	18.39%	16.89%	11.80%	9.22%
Operating Margin	7.42%	4.35%	4.11%	0.92%	-1.78%
Profit Margin	3.64%	-14.62%	0.43%	-2.71%	-12.21%
FCF Margin	2.64%	5.66%	-0.99%	6.64%	4.88%
EBITDA	1,807	1,835	1,798	2,133	1,302
EBITDA Margin	27.31%	29.89%	23.93%	31.54%	25.34%
EBIT	491	267	308.6	62.5	-91.2
EBIT Margin	7.42%	4.35%	4.11%	0.92%	-1.78%
Effective Tax Rate	-6.26%	20.14%	83.24%	49.01%	14.83%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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