Cargojet (OTC) ( (CGJTF) ) has released its Q3 earnings. Here is a breakdown of the information Cargojet (OTC) presented to its investors.
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Cargojet Inc., a prominent Canadian air cargo carrier, specializes in time-sensitive premium air cargo services across North America, operating a fleet of 41 freighter aircraft. In its latest earnings report for the third quarter of 2025, Cargojet showcased its resilience amidst economic challenges, with a notable increase in domestic network revenue by over 6% year-over-year, despite a decline in total revenues due to macroeconomic impacts on its ACMI and Charter services.
The company reported a robust EBITDA margin of 32.0% and a significant surge in free cash flow to $152.4 million, marking a 219% increase from the previous year. This growth is attributed to disciplined cost and capital management, even as total revenues fell by 10.5% to $219.9 million. The decline in ACMI and Charter revenues was primarily driven by broader economic conditions.
Key financial metrics highlighted in the report include a decrease in adjusted EBITDA to $70.4 million, down 14.4% from the previous year, and net earnings of $8.8 million, a sharp decline of 70.4%. Despite these challenges, the company maintained a focus on reliability and customer service, which it views as critical to long-term success.
Looking ahead, Cargojet remains optimistic about the stabilization of international trade and is committed to exploring new opportunities. The management’s outlook reflects a strategic focus on cost rationalization and strengthening customer relationships to drive shareholder value in the future.