Mullen Group demonstrated strong revenue growth driven by acquisitions and successful bond issuance, positioning it well for future growth. However, profitability pressures, challenges in pricing, and segment-specific declines present headwinds. The overall sentiment is mixed, with significant achievements balanced by notable challenges.

Company Guidance -

Q3 2025

During the second quarter earnings call, Mullen Group Limited provided guidance indicating a strong performance despite economic stagnation, with a notable 9% growth in top line revenue, reaching over $540 million. This growth was largely driven by acquisitions, contributing $52.6 million in incremental revenues. Same-store sales adjusted for fuel surcharges remained virtually flat year-over-year at $440.8 million. The company also secured $400 million in new long-term bonds, enhancing their cash availability to over $100 million. Operationally, cash from operations was robust at $117 million, similar to 2024 levels. The company's largest segment, LTL, saw revenues rise by $11 million to $200 million, although OIBDA decreased slightly due to cost pressures. The Logistics and Warehousing segment experienced a 15% revenue boost to $173.6 million, while the U.S. & International Logistics segment grew by 36.7% to $64 million, largely due to acquisitions. However, the Specialized Industrial Service segment faced challenges, with revenues declining by $3.7 million to $105.5 million. The company remains focused on protecting margins amidst competitive pricing pressures and anticipates acquisitions will continue to drive growth.

Record Revenue Growth

Mullen Group reported a 9% growth in top-line revenue, reaching over $540 million in consolidated revenues despite economic stagnation. Acquisitions contributed $52.6 million in incremental revenues.

Successful Bond Issuance

Mullen Group issued new long-term bonds totaling approximately CAD 400 million, closed in July, positioning the organization well for the next decade with over $100 million in available cash.

Logistics and Warehousing Boost

The Logistics and Warehousing segment reported a 15% increase in revenue to $173.6 million, primarily due to acquisitions.

U.S. & International Logistics Growth

The U.S. & International Logistics segment saw a revenue increase of 36.7% to $64 million, driven by the acquisition of Cole USA.

Strong Cash Flow

Cash from operations remained a healthy $117 million, virtually the same as 2024.

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

Daily Earnings Calendar >

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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