WINNIPEG – NFI Group Inc. reported a net loss of US$140.9 million during the third quarter, compared with a loss of US$15 million during the same period a year earlier.
The Winnipeg-based bus maker says its net loss per share amounted to US$1.18, up from 13 cents US a year earlier.
Revenue for the quarter amounted to US$879.9 million, rising 23.7 per cent year-over-year from US$711.3 million.
Meanwhile, revenue from NFI’s manufacturing segment rose by US$164.2 million, or 29.4 per cent, compared with the previous year.
NFI says it was hit by tariffs on imports of steel and aluminum in the U.S. and Canada during the third quarter, noting it is also subject to a new 10 per cent tariff on all imports of buses and coaches into the U.S. that went into effect on Nov. 1.
CEO Paul Soubry says the company continues to view tariffs mainly as pass-through costs, but that private motor coach demand could be affected.
This report by The Canadian Press was first published Nov. 6, 2025.
Companies in this story: (TSX:NFI)
