NFI Announces First Quarter Results

About this update from Nfi Group Inc.

[{"type":"text","content":"NFI Announces First Quarter ResultsRecord backlog of $13.7 billion and improvements in Revenue, Adjusted EBITDA¹ and ROIC¹; reaffirms 2025 Guidance\n\n\n\n WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) --\n \n (TSX: NFI, OTC: NFYEF, TSX: NFI.DB)\n \n NFI Group Inc. (\"NFI\" or the \"Company\"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted.\n \n\n\n First Quarter Highlights\n \n\n\n\n\n Deliveries:\n \n 1,028 equivalent units (\"EUs\"), with 33.9% being battery- and fuel cell-electric buses (“ZEBs”)\n \n\n\n Revenue:\n \n $841.4 million, an increase of 16.4% year-over-year\n \n\n\n Gross Margin:\n \n $94.0 million, an increase of 36.3% from 2024 Q1, with margin percentage of 11.2%\n \n\n\n Net Loss:\n \n $6.5 million, an improvement of $2.9 million from 2024 Q1, with Net Loss per Share of $0.05\n \n\n\n Adjusted EBITDA\n \n\n\n 1\n \n\n\n :\n \n $62.7 million, an increase of 84.4% year-over-year\n \n\n\n Backlog\n \n\n\n 1\n \n\n\n :\n \n $13.7 billion (6,236 EUs firm and 10,291 EUs options), up 16.6% year-over-year; ZEBs represent 36.5% of total backlog\n \n 1\n \n EUs\n \n\n\n ROIC\n \n\n\n 1\n \n\n\n :\n \n increased to 7.5%, up from 1.8% in 2024 Q1\n \n\n\n Total Liquidity\n \n\n\n 1\n \n\n\n :\n \n $127.9 million, up $1.1 million from 2024 Q4. In May 2025, entered into a new $845 million credit agreement that further supported liquidity growth in the second quarter of 2025\n \n\n\n Key financial metrics for 2025 Q1 are included in the table below:\n \n\n\n\n in millions except deliveries and per Share amounts\n \n\n\n\n\n 2025 Q1\n \n\n\n\n\n\n Change\n \n 2\n \n\n\n\n\n\n\n\n 2025 Q1 LTM\n \n\n\n\n\n\n\n Change\n \n 2\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Deliveries (EUs)\n \n\n\n\n\n\n 1,028\n \n\n\n\n\n\n\n\n\n (9\n \n\n\n\n )%\n \n\n\n\n\n\n\n 4,448\n \n\n\n\n\n\n\n\n\n 3\n \n\n\n\n %\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n IFRS Measures\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Revenue\n \n\n\n\n $\n \n\n 841.4\n \n\n\n\n\n\n\n\n\n 16\n \n\n\n\n %\n \n\n\n\n\n\n\n 3,241.0\n...

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