Trucking and Logistics delivered positive operating income for a second straight quarter
Operating cash flow increased to $9.5 million, compared to $7.0 million in Q3 2024
Continued to de-leverage the balance sheet, retiring $8.9 million of debt while growing cash balance to $20.7 million at quarter-end
BOLTON, Ontario, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three and nine-month period ended September 30, 2025. All amounts are in Canadian currency.
Q3 2025 Financial and Business Highlights Compared with Q3 2024
Consolidated revenue of $115.7 million, compared to $118.4 million in Q3 2024
Consolidated EBITDA1 of $8.9 million, compared to $10.3 million in Q3 2024, with consolidated EBITDA Margin1 of 8.7%
Cash flow from operating activities increased to $9.5 million, compared to $7.0 million in Q3 2024
Truck Transportation segment revenue of $53.8 million, compared to $58.1 million in Q3 2024
Logistics segment revenue of $63.0 million, up 3.3% compared to $61.0 million in Q3 2024
Fully diluted adjusted net income per share from continuing operations of $0.01, compared to ($0.01) in Q3 2024
Cash on hand reached $20.7 million at September 30, 2025
Repaid $8.9 million in debt
"Despite a challenging economic and freight market backdrop, our third-quarter performance underscores the momentum building across the business," said Ted Daniel, Chief Executive Officer of Titanium Transportation Group. "Both segments delivered positive operating income for a second consecutive quarter, supported by disciplined pricing, targeted asset rationalization, and strengthened execution. Logistics revenue grew 3.3% year-over-year to $63.0 million, while Truck Transportation continued to improve sequential profitability, reflecting the benefits of our more focused and sustainable operating model."
"Balance sheet strength remains a top priority. We generated $9.5 million in operating cash flow during the quarter, increased cash on hand to $20.7 million, and reduced debt by a further $8.9 million, during the quarter. These actions enhance our financial flexibility as we navigate market volatility while staying positioned for long-term opportunities. As we move through the remainder of the year, our focus will continue to be on margin protection, operational discipline, and driving efficiency across our network," added Mr. Daniel.
Q3 YTD 2025 Financial Highlights Compared with Q3 YTD 2024
Consolidated revenue of $356.2 million, up 2.8% compared to $346.4 million in Q3 2024.
EBITDA1 of $27.7 million, compared to $30.2 million in Q3 2024, and EBITDA Margin1 of 8.7%
Logistics segment revenue of $194.7 million, up 12.3% compared to $173.4 million. EBITDA1 of $8.8 million and EBITDA Margin1 of 5.1%.
Truck Transportation segment revenue of $164.3 million. EBITDA1 of $21.9 million with an EBITDA Margin1 of 15.0%.
Net income per share of ($0.04) on a fully diluted basis, compared with ($0.07) at Q3 2024.
Summary of Q3 2025 Financial Results (in thousands $CAD)
Q3 2025
Q3 2024
% Change
YTD 2025
YTD 2024
% Change
Consolidated Results
Revenue
115,721
118,399
(2.3
%)
356,248
346,405
2.8
%
EBITDA1
8,906
10,292
(13.5
%)
27,666
30,195
(8.4
%)
EBITDA margin1
8.7
%
9.8
%
8.7
%
9.9
%
Net Income
560
(1,500
)
137.3
%
(1,809
)
(3,147
)
42.5
%
Net Income per share
0.01
(0.03
)
(0.04
)
(0.07
)
Truck Transportation
Revenue
53,847
58,103
(7.3
%)
164,338
174,905
(6.0
%)
EBITDA1
7,725
7,859
(1.7
%)
21,933
23,534
(6.8
%)
EBITDA margin1
