Investors
Investor
Information
Why Invest In Mullen Group?
Since 1993 Mullen Group has been on a steadfast mission – we acquire companies and strive to improve their performance.
Mullen Group offers investors a proven business strategy of entrepreneurship, strong capital management, and growth through diversified operations and markets, with solid margins, cash flow and dividends.
Dividends Paid to Shareholders
$1,558,500,000 as at March 31, 2025
Dividends & Distributions Paid
Cumulative ($ Millions)
Financial Highlights
- Current
- Historical
- Less-Than-Truckload
- Logistics & Warehousing
- Specialized & Industrial Services
- U.S. & International Logistics
Current Financial Highlights
Revenue – Q1 ($ Millions)
Operating Income Before Depreciation and Amortization – Q1 ($ Millions)
| BALANCE SHEET ($millions) | March 31, 2025 | December 31, 2024 |
| CASH (BANK INDEBTEDNESS) | 124.0 | 126.3 |
| WORKING CAPITAL (DEFICIT) | 286.7 | 281.5 |
| TOTAL ASSETS | 2,332.7 | 2,332.5 |
| LONG TERM DEBT (INCLUDING CURRENT PORTION) | 873.9 | 877.1 |
| CONVERTIBLE DEBENTURES | 121.1 | 120.5 |
| SHAREHOLDERS’ EQUITY | 1,012.5 | 1,016.9 |
10 Year Overview
Revenue ($ Millions)
Operating Income Before Depreciation and Amortization ($ Millions)
Revenue Trend by Segment
($ Millions)
Less-Than-Truckload Segment
Revenue ($ Millions)
Operating Income Before Depreciation And Amortization ($ Millions)
Logistics & Warehousing Segment
Revenue ($ Millions)
Operating Income Before Depreciation And Amortization ($ Millions)
Specialized & Industrial Services Segment
Revenue ($Millions)
Operating Income Before Depreciation And Amortization ($ Millions)
U.S. & International Logistics Segment
Revenue ($Millions)
Operating Income Before Depreciation And Amortization ($ Millions)
Short Position
updated as at April 9, 2025
| Date | Number of MTL Shares Shorted | Net Change | Short Interest | Total Shares Outstanding (millions) | Days to Cover* |
| January 31, 2025 | 5,125,737 | (194,144) | 5.9% | 87.64 | 20.75 |
| February 15, 2025 | 5,441,019 | 315,282 | 6.1% | 87.67 | 21.11 |
| February 28, 2025 | 5,299,942 | (141,077) | 6.0% | 87.67 | 20.57 |
| March 15, 2025 | 5,449,105 | 149,163 | 6.2% | 87.61 | 14.65 |
| March 31, 2025 | 5,519,753 | 70,648 | 6.3% | 87.61 | 18.16 |
*Days to cover – is calculated using the average trade volume over the last 10 days at the time the report was published.
Reports & Filings
Information Circular 
First Quarter
www.sedarplus.ca
Such documents are also available upon request, free of charge, from the Corporate Investor Services group at:
Links to other corporate filings: