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	7,862	7,516	6,761	5,137
Revenue Growth (YoY)	-15.85%	4.61%	11.15%	31.63%	22.41%
Cost of Revenue	5,235	6,370	6,231	5,938	4,638
Gross Profit	1,381	1,492	1,285	823.4	498.8
Selling, General & Admin	911.3	976	895.5	675.4	498.5
Operating Expenses	911.3	976	895.5	675.4	498.5
Operating Income	469.4	516.1	389.2	148	0.3
Interest Expense	-595.2	-595.4	-551.3	-440.9	-345.6
Earnings From Equity Investments	-39	18.2	-61.6	20.7	-
Currency Exchange Gain (Loss)	256.9	-292	72.9	-217.7	-16.2
Other Non Operating Income (Expenses)	121.8	-35.3	-148.3	211.2	-387.2
EBT Excluding Unusual Items	213.9	-388.4	-299.1	-278.7	-748.7
Merger & Restructuring Charges	-69.5	-59.6	-93.7	-80.8	-89.3
Gain (Loss) on Sale of Assets	82.5	-479.6	593.6	0.2	151.1
Other Unusual Items	-	-17.2	-8.7	-	-49.3
Pretax Income	226.9	-944.8	192.1	-359.3	-736.2
Income Tax Expense	-14.2	-207.1	159.9	-176.1	-109.2
Earnings From Continuing Operations	241.1	-737.7	32.2	-183.2	-627
Earnings From Discontinued Operations	3,572	-	-	-127.9	20.2
Net Income to Company	3,813	-737.7	32.2	-311.1	-606.8
Minority Interest in Earnings	20.7	15	13.2	-0.7	-
Net Income	3,834	-722.7	45.4	-311.8	-606.8
Preferred Dividends & Other Adjustments	-	80.3	92.2	-	53.6
Net Income to Common	3,834	-803	-46.8	-311.8	-660.4
Shares Outstanding (Basic)	370	381	370	289	362
Shares Outstanding (Diluted)	379	381	370	289	362
Shares Change (YoY)	-0.56%	3.03%	28.04%	-20.15%	0.33%
EPS (Basic)	10.37	-2.11	-0.13	-1.08	-1.83
EPS (Diluted)	9.99	-2.11	-0.13	-1.08	-1.83
Free Cash Flow	174.6	347.2	-74.7	331.1	250.7
Free Cash Flow Per Share	0.46	0.91	-0.20	1.15	0.69
Dividend 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	20.87%	18.98%	17.09%	12.18%	9.71%
Operating Margin	7.09%	6.56%	5.18%	2.19%	0.01%
Profit Margin	57.95%	-10.21%	-0.62%	-4.61%	-12.86%
Free Cash Flow Margin	2.64%	4.42%	-0.99%	4.90%	4.88%
EBITDA	1,786	1,984	1,804	1,601	1,338
EBITDA Margin	26.99%	25.23%	24.01%	23.67%	26.04%
D&A For EBITDA	1,316	1,467	1,415	1,453	1,337
EBIT	469.4	516.1	389.2	148	0.3
EBIT Margin	7.09%	6.56%	5.18%	2.19%	0.01%
Effective Tax Rate	-	-	83.24%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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