MISSISSAUGA – Cargojet Inc. says its net earnings reached $26.6 million in the fourth quarter, down from $71.2 million during the same period a year earlier.
The company says the decline in net earnings was mainly driven by an increase of $37.7 million in net finance costs.
Diluted earnings per share came in at $1.76, down from $4.28 during the prior-year quarter.
The Mississauga, Ont.-based company says its total revenue was $284.7 million during the period ended Dec. 31, down year over year from $293.2 million.
Cargojet also raised its dividend by about 10 per cent to 38.5 cents per share.
CEO Pauline Dhillon says the company achieved a 99 per cent on-time performance, despite facing one of the most challenging winter operating environments in recent years.
This report by The Canadian Press was first published Feb. 24, 2026.
Companies in this story: (TSX:CJT)
