07:39 AM EST, 12/09/2024 (MT Newswires) -- Mullen Group ( MLLGF ) on Monday said it is targeting 10% revenue growth in 2025 through new acquisitions.

Hitting the growth target would bring the company's total revenue next year to $2.2 billion, up from $1.99 billion over the past 12 months.

Mullen, which is also targeting $350 million in operating income before depreciation and amortization, has set aside $150 million towards new tuck-un acquisitions. It will also invest $150 million in its existing business units.

Mullen intends to seek Toronto Stock Exchange approval to renew its stock buyback program in March.

The company will also maintain its annualized dividend at $0.84 per share.