Strong Start to 2025
SECURE Waste Infrastructure Corp. reported a solid start to 2025 with high-quality earnings and stable cash flow, driven by recurring waste volumes. Adjusted EBITDA was $121 million, representing a 33% EBITDA margin.
Share Buyback and Capital Return Strategy
SECURE repurchased 5.3 million common shares for $79 million and launched a $200 million Substantial Issuer Bid in April. The company is on track to return nearly $400 million to shareholders in 2025.
Increased Organic Growth Capital Program
The 2025 organic growth capital program was increased to $125 million, supported by a 10-year commercial agreement with a senior Montney producer. Key projects include two new greenfield water disposal facilities in Alberta.
Phase 3 Expansion of Clearwater Terminal
Completed the Phase 3 expansion of the Clearwater terminal, increasing capacities to 75,000 barrels per day and adding treating capabilities for truck and emulsion volumes.
Acquisition of Edmonton-based Metal Recycling Business
Closed the acquisition of an Edmonton-based Metal Recycling business for $162 million, strengthening processing capabilities and improving logistics through investment in railcars.