The earnings call highlighted Mullen Group's ability to grow revenue through strategic acquisitions despite a stagnant economic environment. However, profitability faced pressures due to competitive pricing and cost escalations. The issuance of long-term bonds and strong cash flow are positive indicators for future growth. The sentiment is balanced with both positive growth and some challenges in profitability.

Company Guidance -

Q3 2025

During the Mullen Group Limited Second Quarter Earnings Conference Call, the company shared various metrics reflecting their performance and future expectations. The highlights included a 9% increase in top-line revenue, reaching over $540 million despite a stagnant economy. This growth was largely driven by acquisitions, which contributed $52.6 million in incremental revenue. The company reported same-store sales of $440.8 million, virtually flat year-over-year after adjusting for fuel surcharge revenues. They also finalized a new long-term bond issuance of approximately CAD 400 million, enhancing their cash position to over $100 million. Operationally, the largest segment, LTL, saw revenues rise by $11 million to $200 million, while the Logistics and Warehousing segment increased by 15% to $173.6 million. However, OIBDA declined slightly, with cost pressures and competitive pricing noted as challenges. Despite these hurdles, cash from operations remained strong at $117 million, consistent with the previous year. The company emphasized their focus on margin protection and future growth through strategic acquisitions, setting the stage for improved performance once economic conditions become more favorable.

Revenue Growth Despite Economic Stagnation

Mullen Group achieved a 9% increase in top line revenue, reaching over $540 million in consolidated revenues, primarily driven by acquisitions which contributed $52.6 million in incremental revenues.

Issuance of New Long-Term Bonds

The company successfully issued approximately CAD 400 million in new long-term bonds, providing over $100 million in available cash for future growth and securing the company's position for the next decade.

Strength in Logistics and Warehousing

The Logistics and Warehousing segment saw a 15% increase in revenue to $173.6 million, primarily due to acquisitions. OIBDA grew despite a nearly 1% drop in margins.

Strong Cash Position

Cash from operations remained robust at $117 million, consistent with 2024 figures, showcasing strong cash flow generation despite economic challenges.

Mullen Group (TSE:MTL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:MTL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.39 / -	0.41	―	―	―
Jul 24, 2025	2025 (Q2)	0.32 / 0.28	0.36	-22.22% (-0.08)	―	―
Apr 23, 2025	2025 (Q1)	0.24 / 0.20	0.25	-20.00% (-0.05)	―	―
Feb 13, 2025	2024 (Q4)	0.29 / 0.21	0.32	-34.38% (-0.11)	―	―
Oct 24, 2024	2024 (Q3)	0.36 / 0.41	0.42	-2.38% (-0.01)	―	―
Jul 25, 2024	2024 (Q2)	0.30 / 0.36	0.39	-7.69% (-0.03)	―	―
Apr 25, 2024	2024 (Q1)	0.31 / 0.25	0.33	-24.24% (-0.08)	―	―
Feb 15, 2024	2023 (Q4)	0.32 / 0.32	0.62	-48.39% (-0.30)	―	―
Oct 19, 2023	2023 (Q3)	0.37 / 0.42	0.39	7.69% (+0.03)	―	―
Jul 20, 2023	2023 (Q2)	0.32 / 0.39	0.43	-9.30% (-0.04)	―	―

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:MTL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	C$13.93	C$13.21	-5.17%
Apr 23, 2025	C$12.11	C$12.21	+0.83%
Feb 13, 2025	C$13.78	C$12.77	-7.33%
Oct 24, 2024	C$13.50	C$14.75	+9.26%

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.

FAQ

When does Mullen Group Ltd. (TSE:MTL) report earnings?

Mullen Group Ltd. (TSE:MTL) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Mullen Group Ltd. (TSE:MTL) earnings time?

Mullen Group Ltd. (TSE:MTL) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:MTL EPS forecast?

TSE:MTL EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.

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