Trans Mountain Reports Q2 2025 Results, Delivering Strong Cash Returns for the Benefit of Canada

About this update from Tmc The Metals Company Inc.

[{"type":"text","content":"All financial figures are in Canadian dollars, unless noted otherwise.","length":70,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - August 27, 2025) - Trans Mountain Corporation ("TMC" or "the Company") today announced its financial and operating results for the second quarter of 2025.","length":210,"tagName":"p"},{"type":"text","content":""Through the second quarter and year-to-date, Trans Mountain has delivered sustained operational excellence and reliable financial performance," said Mark Maki, Chief Executive Officer, Trans Mountain. "Since the beginning of the year, we've returned $729 million to the federal government through interest, fees and dividends. We're on track to exceed $1.25 billion by year-end. These are tangible returns to Canadians."","length":449,"tagName":"p"},{"type":"text","content":"Second quarter results reflect the continued strong operating performance of TMC following the commencement of commercial operations on the Expanded System as of May 1, 2024. Revenues and Adjusted EBITDA have increased significantly following the commercial commencement of the Expanded System on May 1, 2024.","length":309,"tagName":"p"},{"type":"text","content":"Financial Highlights:","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA: Second quarter Adjusted EBITDA increased to $558 million, compared to $283 million in the same period of the prior year due to increased throughput and higher tolls since the commercial commencement of the Expanded System. In the second quarter, transportation revenues increased by 85% while operating expenses increased by less than half at 44%. Year-to-date Adjusted EBITDA increased to $1,126 million compared to $319 million in the same period of the prior year.","length":484,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income: Second quarter net income was $150 million compared to a net loss of $48 million in the same period of the prior year as a result of the commercial commencement of the Expanded System and a strengthened balance sheet. Year-to-date net income increased to $298 million versus $110 million in the same period of the prior year.","length":337,"tagName":"p"}]},{"val":[{"type":"text","content"...

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