Cargojet (OTC) ( (CGJTF) ) has released its Q1 earnings. Here is a breakdown of the information Cargojet (OTC) presented to its investors.
Cargojet Inc. is a leading Canadian provider of time-sensitive premium air cargo services, operating a fleet of 41 aircraft to deliver dedicated, ACMI, and international charter services across North America.
Cargojet reported a strong financial performance for the first quarter of 2025, with record revenue of $249.9 million, marking an 8.1% increase from the same period in 2024. The company also achieved a notable improvement in net earnings, which rose by 47.7% year-over-year to $48.0 million.
Key highlights from the earnings report include a 16.1% growth in domestic network, ACMI, and charter revenues, reaching $210.2 million. The company also maintained a robust Adjusted EBITDA of $80.8 million, reflecting a 3.1% increase from the previous year. Despite facing challenges such as rising inflationary pressures and geopolitical tensions, Cargojet’s disciplined cost management and strategic focus on customer relationships have helped sustain strong margins and operational performance.
Looking ahead, Cargojet remains committed to identifying new opportunities and adapting to changes in global supply chains. The management emphasizes the company’s agility as a key differentiator in the competitive air cargo industry, positioning Cargojet to continue supporting customers and driving shareholder value.