Cargojet's Q1 2025 earnings call presented strong revenue growth and operational performance, particularly in the domestic and charter segments. Despite challenges in the ACMI segment and a decrease in operating cash flow, the company's strategic expansion and high on-time performance contribute to a positive outlook.

Company Guidance -

Q2 2025

During the Cargojet conference call, significant guidance was provided, detailing the company's robust performance and strategic positioning. Cargojet reported that its Q1 2025 revenues more than doubled compared to Q1 2020, and adjusted EBITDA also mirrored this growth. The company achieved an 8.1% revenue increase in Q1 2025 to $249.9 million, marking a record first quarter. The Q1 adjusted EBITDA grew by 3.1% to $80.8 million, maintaining an expected margin of 32.3%. The company sustained a net debt-to-adjusted EBITDA leverage ratio of 2.5x as of March 31, 2025. Cargojet successfully navigated supply chain disruptions and capitalized on new e-commerce opportunities, evidenced by a 16% year-over-year increase in domestic revenue and a doubling of its charter business. The company plans to deploy three additional freighters later this year and continues to manage growth CapEx prudently. Furthermore, Cargojet's Q1 2025 on-time performance was an impressive 99.1%, highlighting its operational efficiency amidst evolving market conditions.

Record Q1 Revenue Growth

Cargojet reported an 8.1% increase in total revenue to $249.9 million for Q1 2025, marking a record for the first quarter in the company's history. This growth was driven by strong performance in the domestic and charter segments.

Significant EBITDA Growth

Adjusted EBITDA for Q1 2025 increased by 3.1% to $80.8 million, maintaining a margin of 32.3%.

Strong On-Time Performance

Cargojet achieved an on-time performance rate of 99.1% for Q1 2025, highlighting the company's operational efficiency and customer commitment.

Expansion of Fleet

Cargojet plans to add four 767-300 freighters and return one leased 767-200, resulting in a net addition of three aircraft to the fleet.

Growth in Domestic and Charter Business

Cargojet experienced a 16% growth in domestic revenue, attributed to rising e-commerce demand in Canada. The charter business also saw strong performance with a significant increase in ad hoc charter flights.

Cargojet (TSE:CJT) Earnings, Revenues Date & History

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TSE:CJT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	1.01 / -	-0.05	―	―	―
Apr 23, 2025	2025 (Q1)	1.08 / 1.62	1.86	-12.90% (-0.24)	―
Feb 17, 2025	2024 (Q4)	1.57 / 1.71	-0.14	1321.43% (+1.85)	―
Nov 04, 2024	2024 (Q3)	1.12 / 1.48	0.3	393.33% (+1.18)	―
Aug 13, 2024	2024 (Q2)	0.90 / -0.05	0.91	-105.49% (-0.96)	―
Apr 29, 2024	2024 (Q1)	0.63 / 1.86	0.97	91.75% (+0.89)	―
Feb 26, 2024	2023 (Q4)	0.85 / -0.14	0.15	-193.33% (-0.29)	―
Nov 07, 2023	2023 (Q3)	0.72 / 0.30	4.77	-93.71% (-4.47)	―
Aug 14, 2023	2023 (Q2)	0.83 / 0.91	9.12	-90.02% (-8.21)	―	―
May 01, 2023	2023 (Q1)	1.11 / 0.97	-3.26	129.75% (+4.23)	―

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

TSE:CJT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 23, 2025	C$75.59	C$87.18	+15.34%
Nov 04, 2024	C$137.25	C$128.28	-6.53%
Aug 13, 2024	C$119.29	C$122.29	+2.52%
Apr 29, 2024	C$113.73	C$117.83	+3.61%

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.