Northwire Canada EditionWednesday, July 22, 2026
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CTV 0.110 −4.3% III 7.58 +5.3% NAM 0.240 −2.0% MOG 0.540 +8.0% LUG 79.10 +2.9% TWR 0.165 +3.1% LALI 0.050 +0.0% NFG 2.02 +3.1% APMI 0.145 +0.0% CDE 21.58 +8.3% NVLH 0.075 −11.8% PHNM 0.345 +4.5% AEC 6.71 +11.5% IAU 1.90 +7.3% LOD 0.295 +0.0% FVL 0.990 +8.8% CTV 0.110 −4.3% III 7.58 +5.3% NAM 0.240 −2.0% MOG 0.540 +8.0% LUG 79.10 +2.9% TWR 0.165 +3.1% LALI 0.050 +0.0% NFG 2.02 +3.1% APMI 0.145 +0.0% CDE 21.58 +8.3% NVLH 0.075 −11.8% PHNM 0.345 +4.5% AEC 6.71 +11.5% IAU 1.90 +7.3% LOD 0.295 +0.0% FVL 0.990 +8.8%
Earnings

Element Reports Record Quarterly Results for Q3 2025

By The Northwire Desk — AI Analysis Nov 12, 2025 · 17:01 EFN · 37.81 ELEMENT FLEET MANAGEMENT CORP.
EFN · Price

Executive Summary

  • Element Fleet Management reported Q3 2025 net revenue of $306.4 M, up 10% YoY, and adjusted diluted EPS of $0.33, a 14% increase YoY.
  • Adjusted operating margin improved to 58.0%, delivering positive operating leverage (+0.7%) and an adjusted ROE of 18.8% (up 190 bps YoY).
  • The company returned $61 M to shareholders ($38 M dividends, $23 M share repurchases) and announced a quarterly dividend of CAD $0.13 per share.

Key Details

  • Revenue & Profitability
  • Net revenue: $306.4 M (↑10% YoY, ↑6% QoQ).
  • Adjusted operating income: $177.7 M (↑10% YoY).
  • Adjusted operating margin: 58.0% (↑220 bps YoY, ↑22 bps QoQ).

  • Adjusted diluted EPS: $0.33 (↑14% YoY).

  • Cash Generation & Returns

  • Adjusted free cash flow per share: $0.42 (↑17% YoY).
  • Total cash returned to shareholders in Q3 2025: $61 M ($38 M dividends, $23 M repurchases).

  • Quarterly dividend declared: CAD $0.13/share payable Jan 15 2026.

  • Operational Highlights

  • Services revenue: $156 M (↑6% YoY).
  • Net financing revenue: $130 M (↑12% YoY).
  • Syndication volume: $632 M (↓37% YoY) but syndication revenue rose to $20 M (+20% YoY).

  • Originations: $1.7 B total, with $1.275 B from U.S./Canada and $342 M from Mexico.

  • Share Repurchase Activity

  • NCIB repurchases in first nine months of 2025: 4,071,600 shares at VWAP CAD $30.66.

  • Leverage & Balance Sheet

  • Debt‑to‑capital ratio as of Sep 30 2025: 75.7% (within target range 73–77%).

  • Total debt: $9.34 B; cash & restricted funds: $527.6 M.

  • Guidance / Outlook

  • No explicit forward‑looking financial guidance provided; management reiterated focus on automation, digital capabilities, and client experience to drive long‑term growth.

Notable Quotes

“Our performance this quarter demonstrates the meaningful progress we continue to make in executing our strategy and delivering for our clients,” – Laura Dottori‑Attanasio, CEO.

“As we advance automation, expand digital capabilities and strengthen partnerships, we are building upon our strong foundation for long‑term growth and value creation.” – Laura Dottori‑Attanasio, CEO.

Read the original news release →

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