Company Announcement - GFL Environmental Inc. will release its 2025 second quarter financial results after the market closes on July 30, 2025 [1] - An investor conference call will be held on July 31, 2025, at 8:30 am Eastern Time to discuss the financial results [1] Conference Call Details - A live audio webcast of the conference call can be accessed via the Company's Investors page or by dialing toll-free numbers in Canada and the United States [2] - Participants are encouraged to pre-register for the conference call to gain immediate access and bypass the live operator [3] Company Overview - GFL is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [4] - The company provides a comprehensive line of solid waste management services across Canada and in 18 U.S. states, employing over 15,000 individuals [4]

Market Overview - The global digital smart waste management solutions market is valued at approximately USD 5.8 billion in 2024 and is projected to reach nearly USD 12 billion by 2034, with a CAGR of 7.5% from 2025 to 2034 [1] - The growth is driven by technological innovation, urbanization, environmental consciousness, and regulatory mandates for efficient waste disposal systems [1][18] Technology and Solutions - Smart waste management is increasingly adopted across municipalities and industries, utilizing technologies such as IoT, AI, data analytics, and cloud computing to optimize waste collection and processing [2] - Smart bins with sensors for real-time monitoring are gaining traction, enhancing operational efficiency and reducing collection frequency [3] - Waste tracking software holds about 25% market share, aiding in continuous tracking of waste generation [4] - Data analytics platforms provide actionable insights for long-term sustainability initiatives [5] Application Segmentation - Municipal waste management dominates the market with a 40% share, driven by urbanization and smart city developments [6] - Industrial waste management follows with a 30% share, influenced by regulatory requirements for hazardous waste handling [7] - The commercial segment accounts for around 20%, while residential waste management is emerging with approximately 10% share [7] Technology Segmentation - IoT-based solutions comprise nearly 40% of the market, forming the backbone of smart waste ecosystems [8] - AI and machine learning technologies hold a 25% market share, optimizing collection routes and predicting waste generation trends [9] End User Segmentation - Waste management companies lead the market with a 35% share, followed by government bodies at 30% [10] - Corporates and residential users are smaller segments but are gaining momentum due to rising environmental awareness [11] Regional Insights - North America captures approximately 40% of the global revenue, supported by advanced infrastructure and high adoption of digital technologies [12] - Europe holds about 30% market share, with strong governmental commitment to sustainability [13] - The Asia-Pacific region, with a 25% share, is the fastest-growing market, expected to grow at a CAGR of 12% [14] Growth Drivers - Urban expansion and technological innovation are primary growth drivers, enabling predictive analytics and optimizing collection logistics [18][19] - Increasing public and private investment in sustainability initiatives and compliance with environmental regulations further fuel demand [19][20] Market Restraints - High initial costs of smart technologies deter smaller municipalities, and the need for skilled professionals presents challenges [21] - Supply chain vulnerabilities and intense competition may affect profit margins and innovation [22] Emerging Opportunities - The shift towards eco-conscious consumerism is creating new opportunities for startups and tech firms in the digital smart waste space [23] - Smart city initiatives in developing regions are expected to drive demand for integrated digital waste solutions [24] - Public-private partnerships are emerging as critical enablers for scaling smart waste solutions [25] Key Competitors - Major players in the market include Veolia Environnement S.A., Suez S.A., Waste Management, Inc., and Republic Services, Inc. [27] Recent Strategic Developments - Veolia entered a strategic partnership with a tech startup for AI-based waste sorting technologies [28] - Suez acquired a mid-sized waste management firm to enhance its local market presence [29] - GFL Environmental launched a digital platform for customer engagement in waste management [30] - Republic Services unveiled a technology suite integrating IoT sensors and AI analytics for route optimization [31] - Remondis received regulatory approval for a new waste-to-energy facility, aligning with sustainability goals [32]

Group 1 - GFL Environmental has faced criticism for being an unprofitable and highly leveraged waste management company pursuing an aggressive growth strategy [1] - The investment approach focuses on value and deep value, with an emphasis on understanding industry trends, competitors, and key success drivers [1] - The analyst emphasizes the importance of valuation and qualitative aspects of a company, believing that understanding what is unknown is crucial for managing investment risks [1] Group 2 - The analyst holds a beneficial long position in GFL shares through various means, indicating confidence in the company's future performance [2] - The article expresses personal opinions and does not involve compensation from any company mentioned, ensuring an unbiased perspective [2]

Core Viewpoint - GFL Environmental Inc. is rated as a hold due to its current valuation reflecting strong operational performance and near-term upside potential [1] Company Analysis - GFL is executing well in its operations, indicating a solid performance in the market [1] - The investment approach focuses on understanding core business economics, including competitive moat, unit economics, reinvestment opportunities, and management quality [1] - The emphasis is on long-term free cash flow generation and shareholder value creation [1] Investment Strategy - The investment strategy is fundamentally driven, targeting sectors with strong secular tailwinds [1] - The analyst aims to share insights and gather feedback from fellow investors to enhance understanding of long-term equity value drivers [1] - The analysis is intended to be both analytical and accessible, providing value to readers seeking high-quality, long-term investment opportunities [1]

Exhibit 99.1 GFL Environmental Reports First Quarter 2025 Results VAUGHAN, ON, April 30, 2025 — GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the first quarter of 2025. "I am extremely proud of the hard work and commitment of our over 15,000 employees, as we delivered another strong start to the year," said Patrick Dovigi, Founder and Chief Executive Officer of GFL. "Our exceptional execution drove industry leading top line growth of 12.5% and 120 basis ...

Company Performance - GFL Environmental Inc. reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.04, compared to break-even earnings per share a year ago, representing an earnings surprise of -250% [1] - The company posted revenues of $1.09 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.42%, but down from $1.34 billion in the same quarter last year [2] - Over the last four quarters, GFL has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - GFL Environmental shares have increased by approximately 12.1% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $1.18 billion, and for the current fiscal year, it is $0.76 on revenues of $4.58 billion [7] Industry Outlook - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of GFL's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Future Expectations - The estimate revisions trend for GFL Environmental is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Investors are encouraged to monitor how estimates for the coming quarters and the current fiscal year may change following the recent earnings report [4][6]

Core Insights - GFL Environmental Inc. reported a strong start to 2025 with a revenue increase of 12.5% year-over-year, driven by core pricing and positive volume growth [2][8][9] - The company achieved an Adjusted EBITDA of $426.1 million, reflecting a 13.8% increase compared to the same period last year, with an Adjusted EBITDA margin of 27.3%, the highest in the company's history [2][8][9] - GFL's net leverage improved to 3.1x, the lowest in the company's history, following the divestiture of its Environmental Services business, which has allowed for a more aggressive share repurchase strategy [2][8][9] Financial Performance - Revenue for Q1 2025 was $1,560.1 million, a 12.5% increase excluding divestitures and 9.0% including them, with contributions from core pricing (5.7%) and positive volume (0.9%) [8][9][30] - Adjusted EBITDA increased to $426.1 million, with a margin of 27.3%, up from 26.1% in Q1 2024 [8][9][33] - The net loss from continuing operations was $213.9 million, compared to a loss of $195.8 million in Q1 2024 [9][25] Strategic Developments - The company utilized proceeds from the sale of its Environmental Services business to significantly reduce its debt, enhancing its path to an investment-grade credit rating [2][5] - GFL repurchased 31,725,083 subordinate voting shares, indicating a commitment to returning value to shareholders [2][8] - The company plans to continue opportunistic share repurchases in the future [2] Segment Performance - Revenue from Canada was $494.0 million, with an Adjusted EBITDA margin of 27.9%, while the U.S. segment generated $1,066.1 million in revenue with a margin of 33.8% [33] - The solid waste segment's total revenue was $1,560.1 million, with an Adjusted EBITDA of $497.9 million [33] Cash Flow and Liquidity - Adjusted Free Cash Flow for Q1 2025 was $13.7 million, down from $16.4 million in Q1 2024, primarily due to increased cash capital expenditures [9][20] - Cash at the end of the period was $537.2 million, a significant increase from $133.8 million at the end of 2024 [28][29]

Core Points - GFL Environmental Inc. has received approval from the Toronto Stock Exchange to resume its normal course issuer bid (NCIB) [1] - The company can repurchase up to 28,046,256 subordinate voting shares during the 12-month period ending March 2, 2026 [2] - GFL has already repurchased 7,618,758 subordinate voting shares under the NCIB, leaving 20,427,498 shares available for repurchase [3] Company Overview - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states [4] - The company employs over 15,000 individuals [4]

Core Points - GFL Environmental Inc. will release its 2025 first quarter financial results on April 30, 2025, after market close [1] - An investor conference call will be held on May 1, 2025, at 8:30 am Eastern Time to discuss the financial results [1] - The company is the fourth largest diversified environmental services provider in North America, with over 15,000 employees [4] Company Information - GFL is headquartered in Vaughan, Ontario, and offers a comprehensive range of solid waste management services across Canada and in 18 U.S. states [4] - The company emphasizes the importance of pre-registration for the conference call to streamline access for participants [3] - A live audio webcast of the conference call will be available on the company's Investors page [2]

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees. For more information: About GFL VAUGHAN, ON, March 31, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closi ...