Overview

* Titanium Q3 2025 revenue misses analysts' expectations, declining 2.3% yr/yr

* Logistics segment revenue grows 3.3% yr/yr, supported by US volume growth

* Co's operating cash flow increases to C$9.5 mln from C$7.0 mln in Q3 2024

Outlook

* Titanium expects next-quarter revenue between C$112 mln and C$117 mln

* Company forecasts next-quarter EBITDA margin of 8.5% to 9.5%

Result Drivers

* LOGISTICS GROWTH - Logistics revenue increased 3.3% yr/yr to C$63.0 mln, driven by US volume growth

* CASH FLOW INCREASE - Operating cash flow rose to C$9.5 mln from C$7.0 mln in Q3 2024, enhancing financial flexibility

* DEBT REDUCTION - Company reduced debt by C$8.9 mln, focusing on balance sheet strength

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$115.72 C$118.60

Revenue mln mln (3

Analysts

)

Q3 EPS C$0.01

Q3 Net C$560,00

Income 0

Q3 C$8.91

EBITDA mln

Q3 8.70%

EBITDA

Margin

Q3 C$2.22

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy."

* Wall Street's median 12-month price target for Titanium Transportation Group Inc ( TTNMF ) is C$3.00, about 58.3% above its November 10 closing price of C$1.25

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)