Mullen Group Ltd. Reports 2025 First Quarter Financial Results

OKOTOKS, Alberta, April 23, 2025 (GLOBE NEWSWIRE) — (TSX: MTL) Mullen Group Ltd. (“Mullen Group”, “We”, “Our” and/or the “Corporation”), one of Canada’s largest logistics providers today reported its financial and operating results for the period ended March 31, 2025, with comparisons to the same period last year.   Full details of our results may be found within our First Quarter Interim Report, which is available on the Corporation’s issuer profile on SEDAR+ at www.sedarplus.ca or on our website at www.mullen-group.com.

”There were a number of newsworthy headlines in the first quarter of 2025, none that were either constructive or confidence builders, leaving both consumers and shippers uncertain about the future direction for the economy. The on again, off again, tariff issues quite simply restrict trade and stymies economic growth. It is within this backdrop that I am pleased with the performance of our 39 Business Units in the first quarter. Collectively, they managed some difficult circumstances, doing well to generate results very close to last year’s levels. And, as we have articulated for some time now, we know that acquisitions are the only plausible way to grow given the current market dynamics. This is precisely the case again in the first quarter of 2025. In fact, the acquisitions we completed last year provided the growth in revenues during the current quarter. Our job now is to leverage these new opportunities into profitable businesses. It is then that our shareholders will benefit from the investments we have made,” commented Mr. Murray K. Mullen, Chair and Senior Executive Officer.