The earnings call highlighted strong domestic growth, successful charter business, long-term client contracts, and operational resilience. However, challenges such as global economic uncertainty, softness in European routes, and financial outflows were noted. The company remains optimistic about future growth and improvements.

Company Guidance -

Q3 2025

During the Cargojet Conference Call held on August 8, 2025, the company provided various metrics and insights into its operations and future guidance. Cargojet's domestic business demonstrated robust performance, posting a 14% year-over-year growth in Q2, driven largely by strong e-commerce demand. However, the company experienced a 10% drop in block hours flown compared to the previous year, which they expect to recover in the second half of the year due to seasonal factors. The Charter business saw a significant 22% growth, and the company plans to streamline its fleet, resulting in a net addition of one 767-300 aircraft. This is part of a broader strategy to enhance operational reliability and maintain a strong adjusted EBITDA margin, which improved by 140 basis points sequentially to 33.7%. Cargojet's financial strategy includes offsetting a net year-to-date free cash flow outflow of $118.4 million by Q3 2025. The company also highlighted strategic partnerships, renewing its air transportation services agreement with Amazon and extending its partnership with DHL, with the latter expected to provide growth opportunities in the coming years.

Domestic Business Growth

The domestic business posted a 14% year-over-year growth in Q2, highlighting the strength of e-commerce in Canada.

Charter Business Success

The Charter business reported 22% growth, showcasing the resilience and potential of this trade lane.

Long-term Contracts with Major Clients

Amazon renewed its air transportation services agreement for four years with an option to extend till 2031. DHL also extended its strategic partnership until 2033, with further options till 2037.

Strong Adjusted EBITDA Margin

Despite a 10% drop in block hours, the company posted a strong adjusted EBITDA margin of 33.7%, an improvement of 140 basis points from the previous quarter.

Resilient Operational Performance

Consistently delivering on-time performance of over 99% month-after-month, demonstrating operational excellence and resilience.

Efficient Fleet Management

Net addition of one 767-300 aircraft planned and efficient management of fleet to sustain operational reliability.

Cargojet (CGJTF) Earnings, Revenues Date & History

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CGJTF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.85 / -	1.071	―	―	―
Aug 06, 2025	2025 (Q2)	0.73 / 0.74	-0.036	2140.00% (+0.77)	―
Apr 23, 2025	2025 (Q1)	0.78 / 1.17	1.346	-12.90% (-0.17)	―
Feb 17, 2025	2024 (Q4)	1.14 / 1.24	-0.101	1321.43% (+1.34)	―
Nov 04, 2024	2024 (Q3)	0.81 / 1.07	0.217	393.33% (+0.85)	―
Aug 13, 2024	2024 (Q2)	0.65 / -0.04	0.658	-105.49% (-0.69)	―
Apr 29, 2024	2024 (Q1)	0.45 / 1.35	0.702	91.75% (+0.64)	―
Feb 26, 2024	2023 (Q4)	0.62 / -0.10	0.109	-193.33% (-0.21)	―
Nov 07, 2023	2023 (Q3)	0.52 / 0.22	3.452	-93.71% (-3.23)	―
Aug 14, 2023	2023 (Q2)	0.60 / 0.66	6.599	-90.02% (-5.94)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CGJTF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$71.10	$71.86	+1.07%
Apr 23, 2025	$55.00	$60.89	+10.71%
Nov 04, 2024	$98.49	$91.06	-7.54%
Aug 13, 2024	$86.70	$89.14	+2.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.