GFL Environmental Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	8,224	7,862	7,516	6,761	5,137	4,196
Revenue Growth (YoY)	27.49%	4.61%	11.15%	31.63%	22.41%	25.38%
Cost of Revenue	6,529	6,370	6,231	5,938	4,638	4,008
Gross Profit	1,695	1,492	1,285	823.4	498.8	187.8
Selling, General & Admin	1,037	976	895.5	675.4	498.5	448.3
Operating Expenses	1,037	976	895.5	675.4	498.5	448.3
Operating Income	657.6	516.1	389.2	148	0.3	-260.5
Interest Expense	-530.3	-595.4	-551.3	-440.9	-345.6	-408.5
Earnings From Equity Investments	-21.7	18.2	-61.6	20.7	-	-
Currency Exchange Gain (Loss)	-108.7	-292	72.9	-217.7	-16.2	37.3
Other Non Operating Income (Expenses)	-94.6	-35.3	-148.3	211.2	-387.2	-477.3
EBT Excluding Unusual Items	-97.7	-388.4	-299.1	-278.7	-748.7	-1,109
Merger & Restructuring Charges	-74.2	-59.6	-93.7	-80.8	-89.3	-71.5
Gain (Loss) on Sale of Assets	6.6	-479.6	593.6	0.2	151.1	-4.6
Other Unusual Items	-17.2	-17.2	-8.7	-	-49.3	-170.7
Pretax Income	10.7	-944.8	192.1	-359.3	-736.2	-1,356
Income Tax Expense	-106.1	-207.1	159.9	-176.1	-109.2	-253.4
Earnings From Continuing Operations	116.8	-737.7	32.2	-183.2	-627	-1,102
Earnings From Discontinued Operations	3,473	-	-	-127.9	20.2	-
Net Income to Company	3,590	-737.7	32.2	-311.1	-606.8	-1,102
Minority Interest in Earnings	21.4	15	13.2	-0.7	-	-
Net Income	3,611	-722.7	45.4	-311.8	-606.8	-1,102
Preferred Dividends & Other Adjustments	52.7	80.3	92.2	-	53.6	13.7
Net Income to Common	3,558	-803	-46.8	-311.8	-660.4	-1,116
Shares Outstanding (Basic)	378	381	370	289	362	360
Shares Outstanding (Diluted)	384	381	370	289	362	360
Shares Change (YoY)	2.41%	3.03%	28.04%	-20.15%	0.33%	99.61%
EPS (Basic)	9.41	-2.11	-0.13	-1.08	-1.83	-3.10
EPS (Diluted)	9.26	-2.11	-0.13	-1.08	-1.83	-3.10
Free Cash Flow	225.7	347.2	-74.7	331.1	250.7	73.9
Free Cash Flow Per Share	0.59	0.91	-0.20	1.15	0.69	0.20
Dividend Per Share	0.045	0.081	0.069	0.065	0.056	0.051
Dividend Growth	-37.67%	17.33%	5.71%	16.67%	9.25%	-
Gross Margin	20.61%	18.98%	17.09%	12.18%	9.71%	4.47%
Operating Margin	8.00%	6.56%	5.18%	2.19%	0.01%	-6.21%
Profit Margin	43.27%	-10.21%	-0.62%	-4.61%	-12.86%	-26.60%
Free Cash Flow Margin	2.74%	4.42%	-0.99%	4.90%	4.88%	1.76%
EBITDA	1,880	1,984	1,804	1,601	1,338	939.3
EBITDA Margin	22.86%	25.23%	24.01%	23.67%	26.04%	22.38%
D&A For EBITDA	1,222	1,467	1,415	1,453	1,337	1,200
EBIT	657.6	516.1	389.2	148	0.3	-260.5
EBIT Margin	8.00%	6.56%	5.18%	2.19%	0.01%	-6.21%
Effective Tax Rate	-	-	83.24%	-	-	-

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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