Titanium Reports Q2 2025 with 16.8% Logistics Revenue Increase; Further Debt Reduction Strengthens Balance Sheet
Consolidated revenue for Q2 2025 grew 3.5% year-over-year, to $119.1 million, driven by strength in the Logistics segment.
Logistics revenue increased 16.8% year-over-year, fueled by 19% increase in US volume, highlighting growth of new customers and the scalability of Titanium's asset-light model.
Enhanced financial flexibility with $12.4 million in debt reduction, $16.4 million cash on hand.
BOLTON, Ontario, Aug. 11, 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 six-month period ended June 30, 2025. All amounts are in Canadian currency.
Q2 2025 Financial and Business Highlights Compared with Q2 2024
Consolidated revenue of $119.1 million, a 3.5% increase, compared to $115.1 million in Q2 2024
Consolidated EBITDA1 of $10.0 million, compared to $10.2 million in Q2 2024, with consolidated EBITDA Margin1 of 9.3%
Cash flow from operating activities increased to $10.9 million, compared to $9.4 million in Q2 2024
Truck Transportation segment revenue of $54.4 million, down 8.5% compared to $59.4 million in Q2 2024, reflective of the strategic rationalization of fleet operations in latter half of 2024 to eliminate unprofitable service offerings.
Logistics segment revenue of $65.6 million, up 16.8% compared to $56.2 million in Q2 2024
Fully diluted adjusted net income per share from continuing operations of $0.02, compared to fully diluted adjusted net loss per share from continuing operations of $0.00 in Q2 2024.
Cash was $16.4 million on June 30, 2025.
Repaid $10.1 million in loans and finance leases.
"Titanium continued to show resiliency in Q2 2025, achieving 3.5% year-over-year revenue growth amidst persistent macroeconomic challenges," said Ted Daniel, Chief Executive Officer, Titanium Transportation Group. "Our Logistics segment continued to be the primary growth driver, with revenue up nearly 17% fueled by 19% increase in US volume, a testament to our strong customer wins and the scalability of our asset-light model. In Truck Transportation, we executed a disciplined pricing strategy returning the segment to positive operating income despite a 15% decline in volumes due to our proactive exit from non-core service lines."
"In the current operating environment, financial discipline remains paramount. We reduced loans and lease liabilities by $10.1 million in the quarter, strengthened our net debt-to-equity ratio, and ended with a solid cash position of $16.4 million. These actions enhance our financial flexibility and position us to capitalize on strategic opportunities as market dynamics improve. Our continued investments in technology and operational efficiency are critical levers to protect margins and drive long-term, profitable growth," added Mr. Daniel.
Q2 YTD 2025 Financial Highlights Compared with Q2 YTD 2024
Consolidated revenue of $240.5 million, compared to $228.0 million in Q2 2024.
EBITDA of $18.8 million, compared to $19.9 million and EBITDA Margin1 of 8.7%.
Logistics segment revenue of $131.7 million, up 17.2% compared to $112.4 million. EBITDA of $6.5 million and EBITDA Margin of 5.5%.
Truck Transportation segment revenue of $110.5 million. EBITDA of $14.2 million with an EBITDA Margin of 14.5%.
Summary of Q2 2025 Financial Results (in thousands $CAD)
Q2 2025
Q2 2024
% Change
YTD 2025
YTD 2024
% Change
Consolidated Results
Revenue
119,123
115,085
3.5
%
240,528
228,006
5.5
%
EBITDA1
9,965
10,218
(2.5
%)
18,761
19,902
(5.7
%)
EBITDA margin1
9.3
%
10.1
%
8.7
%
9.9
%
Net Income
1,019
(2,329
)
143.8
%
(2,368
)
(1,649
)
(43.6
%)
Net Income per share
0.02
(0.05
)
($0.05
)
($0.04
)
Net income (loss) from continuing operations
1,019
(113
