Cargojet's 2025 Q4 net earnings plummeted 62.6% due to rising finance costs, despite improved performance and a dividend hike.

Cargojet reported fourth-quarter 2025 net earnings of $26.6 million, a 62.6% drop from $71.2 million the prior year, mainly due to a $37.7 million rise in finance costs. Revenue fell to $284.7 million from $293.2 million, though adjusted EBITDA rose 3.6% to $95.0 million with a margin expansion to 33.4%. The company achieved a 99% on-time performance despite winter challenges, announced a 10% dividend increase to 38.5 cents per share, and noted potential supply chain shifts from North American trade tensions.