SEDAR Interim Financial Statements

[ { "companyName": "TFI International Inc.", "reportingPeriodEnd": "2026-03-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cashAndCashEquivalents": 185814, "tradeAndOtherReceivables": 986889, "inventoriedSupplies": 20118, "currentTaxesRecoverable": 21689, "prepaidExpenses": 65262, "assetsHeldForSale": 10430, "totalCurrentAssets": 1290202, "propertyAndEquipment": 2710535, "rightOfUseAssets": 565162, "intangibleAssets": 2858291, "investments": 19802, "otherAssets": 31626, "deferredTaxAssets": 9259, "totalNonCurrentAssets": 6194675, "totalAssets": 7484877, "bankIndebtedness": 16174, "tradeAndOtherPayables": 717165, "currentTaxesPayable": 2093, "provisionsCurrent": 90681, "otherFinancialLiabilitiesCurrent": 10316, "longTermDebtCurrent": 201536, "leaseLiabilitiesCurrent": 163857, "totalCurrentLiabilities": 1201822, "longTermDebtNonCurrent": 2347913, "leaseLiabilitiesNonCurrent": 451238, "employeeBenefits": 45080, "provisionsNonCurrent": 148052, "otherFinancialLiabilitiesNonCurrent": 100311, "deferredTaxLiabilities": 530307, "totalNonCurrentLiabilities": 3622901, "totalLiabilities": 4824723, "shareCapital": 1131802, "contributedSurplus": 24270, "accumulatedOtherComprehensiveLoss": -273880, "retainedEarnings": 1777962, "totalEquity": 2660154, "cashPerShare": 2.2615, "workingCapitalPerShare": 1.0759 }, "incomeStatement": { "revenue": { "2026-03-31": 1702626, "2025-03-31": 1714493 }, "fuelSurcharge": { "2026-03-31": 246477, "2025-03-31": 249894 }, "totalRevenue": { "2026-03-31": 1949103, "2025-03-31": 1964387 }, "materialsAndServicesExpenses": { "2026-03-31": 985402, "2025-03-31": 989000 }, "personnelExpenses": { "2026-03-31": 612733, "2025-03-31": 607445 }, "otherOperatingExpenses": { "2026-03-31": 113844, "2025-03-31": 112310 }, "depreciationOfPropertyAndEquipment": { "2026-03-31": 83175, "2025-03-31": 87891 }, "depreciationOfRightOfUseAssets": { "2026-03-31": 45037, "2025-03-31": 41927 }, "amortizationOfIntangibleAssets": { "2026-03-31": 22676, "2025-03-31": 21475 }, "gainOnSaleOfRollingStockAndEquipment": { "2026-03-31": -4050, "2025-03-31": -3257 }, "gainOnDerecognitionOfRightOfUseAssets": { "2026-03-31": -266, "2025-03-31": -73 }, "gainNetOfImpairmentOnSaleOfAssetsHeldForSale": { "2026-03-31": -6041, "2025-03-31": -6974 }, "totalOperatingExpenses": { "2026-03-31": 1852510, "2025-03-31": 1849744 }, "operatingIncome": { "2026-03-31": 96593, "2025-03-31": 114643 }, "financeIncome": { "2026-03-31": -502, "2025-03-31": -228 }, "financeCosts": { "2026-03-31": 44666, "2025-03-31": 40537 }, "netFinanceCosts": { "2026-03-31": 44164, "2025-03-31": 40309 }, "incomeBeforeIncomeTax": { "2026-03-31": 52429, "2025-03-31": 74334 }, "incomeTaxExpense": { "2026-03-31": 9121, "2025-03-31": 18302 }, "netIncome": { "2026-03-31": 43308, "2025-03-31": 56032 }, "basicEarningsPerShare": { "2026-03-31": 0.53, "2025-03-31": 0.67 }, "dilutedEarningsPerShare": { "2026-03-31": 0.53, "2025-03-31": 0.66 }, "weightedAverageSharesOutstanding": { "2026-03-31": 82164014, "2025-03-31": 84179715 } }, "cashFlowStatement": { "netIncome": { "2026-03-31": 43308, "2025-03-31": 56032 }, "depreciationOfPropertyAndEquipment": { "2026-03-31": 83175, "2025-03-31": 87891 }, "depreciationOfRightOfUseAssets": { "2026-03-31": 45037, "2025-03-31": 41927 }, "amortizationOfIntangibleAssets": { "2026-03-31": 22676, "2025-03-31": 21475 }, "shareBasedPaymentTransactions": { "2026-03-31": 4285, "2025-03-31": 3145 }, "netFinanceCosts": { "2026-03-31": 44164, "2025-03-31": 40309 }, "incomeTaxExpense": { "2026-03-31": 9121, "2025-03-31": 18302 }, "gainOnSaleOfPropertyAndEquipment": { "2026-03-31": -4050, "2025-03-31": -3257 }, "gainOnDerecognitionOfRightOfUseAssets": { "2026-03-31": -266, "2025-03-31": -73 }, "gainNetOfImpairmentOnSaleOfAssetsHeldForSale": { "2026-03-31": -6041, "2025-03-31": -6974 }, "employeeBenefits": { "2026-03-31": 4101, "2025-03-31": -3394 }, "provisionsNetOfPayments": { "2026-03-31": 4579, "2025-03-31": 27 }, "netChangeInNonCashOperatingWorkingCapital": { "2026-03-31": -59442, "2025-03-31": 2066 }, "interestPaid": { "2026-03-31": -41567, "2025-03-31": -39101 }, "incomeTaxPaid": { "2026-03-31": -27564, "2025-03-31": -24817 }, "netCashFromOperatingActivities": { "2026-03-31": 121516, "2025-03-31": 193558 }, "purchasesOfPropertyAndEquipment": { "2026-03-31": -26112, "2025-03-31": -34511 }, "proceedsFromSaleOfPropertyAndEquipment": { "2026-03-31": 16021, "2025-03-31": 15787 }, "proceedsFromSaleOfAssetsHeldForSale": { "2026-03-31": 12256, "2025-03-31": 16894 }, "purchasesOfIntangibleAssets": { "2026-03-31": -1152, "2025-03-31": -6199 }, "businessCombinationsNetOfCashAcquired": { "2026-03-31": -53003, "2025-03-31": 2247 }, "purchasesOfInvestments": { "2026-03-31": 0, "2025-03-31": -4755 }, "proceedsFromSaleOfInvestments": { "2026-03-31": 5450, "2025-03-31": 0 }, "others": { "2026-03-31": -972, "2025-03-31": 861 }, "netCashUsedInInvestingActivities": { "2026-03-31": -47512, "2025-03-31": -9676 }, "netIncreaseDecreaseInBankIndebtedness": { "2026-03-31": 7918, "2025-03-31": -6777 }, "repaymentOfLongTermDebt": { "2026-03-31": -36729, "2025-03-31": -48592 }, "netIncreaseInRevolvingFacilities": { "2026-03-31": 20695, "2025-03-31": 43230 }, "repaymentOfLeaseLiabilities": { "2026-03-31": -41830, "2025-03-31": -40870 }, "decreaseOfOtherFinancialLiabilities": { "2026-03-31": -2552, "2025-03-31": -5646 }, "dividendsPaid": { "2026-03-31": -37980, "2025-03-31": -38190 }, "repurchaseOfOwnShares": { "2026-03-31": 0, "2025-03-31": -56172 }, "proceedsFromExerciseOfStockOptions": { "2026-03-31": 1033, "2025-03-31": 2430 }, "shareRepurchaseForSettlementOfRSUsAndPSUs": { "2026-03-31": -11978, "2025-03-31": -16774 }, "netCashUsedInFinancingActivities": { "2026-03-31": -101423, "2025-03-31": -167361 }, "netChangeInCashAndCashEquivalents": { "2026-03-31": -27419, "2025-03-31": 16521 }, "cashAndCashEquivalentsBeginningOfPeriod": { "2026-03-31": 210186, "2025-03-31": null }, "effectOfMovementsInExchangeRatesOnCashAndCashEquivalents": { "2026-03-31": 3047, "2025-03-31": -88 }, "cashAndCashEquivalentsEndOfPeriod": { "2026-03-31": 185814, "2025-03-31": 16433 } }, "investmentsAndOtherAssets": [ { "type": "Level 1 investments", "description": "Equity securities measured at fair value through OCI", "ownershipPercentage": null, "value": 2419, "notes": "As at March 31, 2026. During the quarter, sold for proceeds of $5.5 million." }, { "type": "Level 2 investments", "description": "Equity securities measured at fair value through OCI", "ownershipPercentage": null, "value": 3740, "notes": "As at March 31, 2026." }, { "type": "Level 3 investments", "description": "Equity securities measured at fair value through OCI", "ownershipPercentage": null, "value": 13643, "notes": "As at March 31, 2026." } ], "shareStructure": { "authorizedShares": null, "issuedShares": 82186031, "classesOfShares": ["Common shares"], "warrants": [], "options": [ { "number": 19000, "exercisePrice": 40.41, "expiryDate": null } ], "rightsConvertibleInstruments": "The Company has Restricted Share Units (RSUs) and Performance Share Units (PSUs) as part of its equity incentive plan. As at March 31, 2026, 212,000 RSUs and 172,000 PSUs were outstanding. These are equity-settled and subject to vesting conditions." }, "managementCompensation": { "currency": "USD", "periods": null, "namedIndividuals": [], "otherRelatedPartyTransactions": [] }, "subsequentEvents": [] } ]