Cargojet Inc. Reports Fourth‑Quarter Results and Declares Dividend

Cargojet Inc., the Canadian air‑freight and logistics operator listed on the Toronto Stock Exchange, released its fourth‑quarter financial statements on 24 February 2026. The company announced a quarterly dividend, underscoring its commitment to returning value to shareholders.

Financial Highlights

  • Stock Performance

  • Closing price (22 Feb 2026): CAD 93.53

  • 52‑week high (02 Jul 2025): CAD 113.89

  • 52‑week low (06 Nov 2025): CAD 65.60

  • Market Capitalisation: CAD 1.47 billion

  • Price‑to‑Earnings Ratio: 12.43

Dividend Announcement

On the same day that the earnings report was published, Cargojet declared a quarterly dividend. The dividend will be paid to shareholders of record on the specified date and reflects the company’s profitability and cash‑flow generation in the fourth quarter.

Contextual Factors

The Canadian dollar has been relatively strong against the U.S. dollar, partly driven by a weaker U.S. currency and market expectations of lower U.S. interest rates. Some analysts, such as Mirza Shaheryar Baig of Desjardins Group, warn that a potential negative outcome in the Canada‑United‑States‑Agreement (CUSMA) review could pose a risk to the Canadian currency and, by extension, to Canadian exporters and logistics firms. Cargojet, whose operations include freight transport within Canada, Bermuda, and Poland, may be sensitive to currency movements that influence trade costs and demand for air freight services.

Earnings Outlook

The earnings release coincides with a broader earnings calendar that includes financial results from several Canadian and U.S. firms. Cargojet’s performance will be compared against peers in the logistics and transportation sectors, such as Whitecap Resources, Dominion’s Pizza, and Bed Bath & Beyond, as investors assess the health of the Canadian economy and its impact on freight volumes.

Summary

Cargojet Inc. has delivered its fourth‑quarter results and announced a dividend, reinforcing its financial position and shareholder return strategy. While the Canadian dollar’s recent strength has benefited Canadian exporters, potential risks linked to the CUSMA review and U.S. currency dynamics remain a point of consideration for stakeholders monitoring Cargojet’s future performance.