Core Viewpoint - Mullen Group Ltd. anticipates 2026 will be a record year, driven by a comprehensive analysis of supply and demand fundamentals across its business segments and a focus on cost management and technology investment [2][3]. 2025 Update - The year 2025 was challenging due to trade disputes and tariff issues, leading to a soft private sector capital investment environment and minimal growth in the Canadian economy. Mullen Group's consolidated revenues for 2025 are expected to be around $2.1 billion, with an adjusted OIBDA of approximately $323 million, lower than planned due to various market pressures [3][6]. 2026 Business Plan - Mullen Group aims to achieve consolidated revenues between $2.3 billion and $2.4 billion in 2026, with an adjusted OIBDA target of $365 million, representing 15.7% of consolidated revenues. The business plan includes capital expenditures of $85 million [7][8]. Segment Highlights - The business segments are projected to perform as follows: - Less-Than-Truckload: Revenue of $800 million, adjusted OIBDA of $140 million, operating margin of 17.5%, and capital expenditures of $30 million - Logistics & Warehousing: Revenue of $840 million, adjusted OIBDA of $145 million, operating margin of 17.3%, and capital expenditures of $20 million - Specialized & Industrial Services: Revenue of $450 million, adjusted OIBDA of $85 million, operating margin of 18.9%, and capital expenditures of $20 million - U.S. & International Logistics: Revenue of $230 million, adjusted OIBDA of $15 million, operating margin of 6.5%, with no capital expenditures planned [8]. Balance Sheet and Liquidity Highlights - Mullen Group ended 2025 with $144.6 million in cash and $525 million in undrawn bank lines, positioning the company well for future growth. The 2026 plan includes generating cash in excess of operating needs, with expected cash commitments totaling approximately $235 million [12][13]. Strategic Priorities - The company has established key priorities for 2026, including: 1. Prioritizing margin over market share 2. Pursuing acquisitions to enhance growth 3. Investing in technology to improve operational efficiency [9][11].

Core Viewpoint - Mullen Group Ltd. anticipates 2026 will be a record year, driven by improved economic conditions and strategic investments in technology and acquisitions [2][5]. 2025 Update - 2025 was challenging due to trade disputes and tariff issues, leading to a stagnant Canadian economy with no growth [3]. - Mullen Group's preliminary consolidated revenues for 2025 are expected to be around $2.1 billion, with an adjusted operating income (OIBDA) of approximately $323 million, lower than planned due to various market pressures [3]. 2026 Business Plan - The company aims to achieve consolidated revenues between $2.3 billion and $2.4 billion and generate an adjusted OIBDA of $365 million, representing 15.7% of consolidated revenues [6][7]. - The trucking industry is expected to experience a tightening cycle, improving freight demand and pricing due to changes in supply and demand fundamentals [5][22]. - Mullen Group is well-positioned to benefit from government infrastructure projects once they transition from planning to execution [5][22]. Segment Highlights - The 42 business units within Mullen Group's portfolio are expected to outperform last year's results, particularly after accounting for acquisitions made in 2025 [5]. - Specific revenue and adjusted OIBDA targets for various segments include: - Less-Than-Truckload: $800 million revenue, $140 million OIBDA - Logistics & Warehousing: $840 million revenue, $145 million OIBDA - Specialized & Industrial: $450 million revenue, $85 million OIBDA - U.S. & International Logistics: $230 million revenue, $15 million OIBDA [7]. Financial Priorities - The company plans to prioritize margin over market share, focusing on generating cash in excess of operating needs [8][10]. - Expected cash commitments for 2026 include approximately $50 million for interest payments, $50 million for cash taxes, $55 million for lease payments, $85 million for capital expenditures, and $80 million for dividends [10][22]. Investment Strategy - Mullen Group intends to invest $85 million in new operating assets and pursue strategic acquisitions to enhance profitability and expand its network [11][12]. - The focus will be on integrating robotics and improving data management tools to drive productivity [12].

Core Viewpoint - Mullen Group Ltd. is set to release its 2025 Year-End and Fourth Quarter earnings results on February 12, 2026, at 6:00 a.m. ET, followed by a conference call at 10:00 a.m. ET [1] Group 1: Company Overview - Mullen Group is a public company with a significant history of acquiring firms in the transportation and logistics sectors [2] - The company boasts one of the largest portfolios of logistics companies in North America, offering a variety of services including less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [2] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [2] Group 2: Stock Information - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [3] - Additional information can be accessed on the company's website or its issuer profile on SEDAR+ [3] Group 3: Contact Information - Key executives include Mr. Murray K. Mullen (Chair, Senior Executive Officer and President), Mr. Richard J. Maloney (Senior Operating Officer), Mr. Carson P. Urlacher (Senior Financial Officer), and Ms. Joanna K. Scott (Senior Corporate Officer) [4] - The corporate office is located at 121A – 31 Southridge Drive, Okotoks, Alberta, Canada T1S 2N3, with a contact telephone number of 403-995-5200 [4]

Core Viewpoint - Mullen Group Ltd. has successfully completed the redemption of its 5.75% convertible unsecured subordinated debentures, which were due on November 30, 2026, on December 1, 2025, marking a significant financial maneuver for the company [1][3]. Redemption Details - On October 21, 2025, Mullen Group issued a notice to redeem the outstanding debentures at their principal amount plus accrued interest, with a conversion option available until November 21, 2025 [2]. - A total of $117,899,000 of the debentures were converted into common shares prior to the redemption [2]. - On the redemption date, holders who did not convert received $1,000 per debenture, which included their principal and accrued interest, with Mullen Group redeeming a total of $7,101,000 in principal amount [3]. Company Overview - Mullen Group is a public company with a strong history in acquiring transportation and logistics companies, boasting one of the largest logistics portfolios in North America [4]. - The company offers a diverse range of services including less-than-truckload, customs brokerage, truckload, warehousing, logistics, and specialized hauling, particularly in sectors like energy, mining, forestry, and construction [4].

Core Points - Mullen Group Ltd. plans to release its 2025 Third Quarter earnings results on October 22, 2025, at 6:00 a.m. ET, followed by a conference call at 10:00 a.m. ET [1] - The company has a significant portfolio in the transportation and logistics sectors, providing a variety of services including less-than-truckload, customs brokerage, and specialized hauling [2] - Mullen Group is publicly traded on the Toronto Stock Exchange under the symbol "MTL" [3] Company Overview - Mullen Group has a long history of acquiring companies in the transportation and logistics industries, making it one of the largest logistics companies in North America [2] - The company offers a wide range of services through independently operated businesses, including warehousing, logistics, and specialized services for energy, mining, forestry, and construction industries [2] - The corporate office supports its independent businesses with capital, financial expertise, legal support, technology, and strategic planning [2] Contact Information - Key executives include Mr. Murray K. Mullen (Chair, Senior Executive Officer and President), Mr. Richard J. Maloney (Senior Operating Officer), and Mr. Carson P. Urlacher (Senior Financial Officer) [4]

Core Points - Mullen Group Ltd. has successfully closed a private placement of approximately CAD$400 million in senior secured notes due July 10, 2037 [1][2] - The notes consist of US$50 million with a yield of 6.91% per annum and CAD$325 million with a yield of 6.04% per annum, guaranteed by subsidiaries and secured by a first-ranking charge over the corporation's assets [2][3] - The net proceeds from the offering will be used to prepay existing private placement debt maturing in October 2026 and for general corporate purposes [2] Company Overview - Mullen Group is a public company with a significant portfolio in the transportation and logistics industries, providing a wide range of services including less-than-truckload, customs brokerage, and specialized hauling [5] - The company operates a network of independently operated businesses and offers specialized services related to energy, mining, forestry, and construction in western Canada [5] - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [6]

Company Overview - Mullen Group Ltd. is a public company with a significant history of acquiring companies in the transportation and logistics sectors [2] - The company operates one of the largest portfolios of logistics companies in North America, offering a variety of services including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [2] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [2] Upcoming Earnings Release - Mullen Group plans to release its 2025 Second Quarter earnings results on July 24, 2025, at 6:00 a.m. ET [1] - A conference call and webcast are scheduled for the same day at 10:00 a.m. ET, with pre-registration required for participants [1] Contact Information - Key executives include Mr. Murray K. Mullen (Chair, Senior Executive Officer and President), Mr. Richard J. Maloney (Senior Operating Officer), Mr. Carson P. Urlacher (Senior Financial Officer), and Ms. Joanna K. Scott (Senior Corporate Officer) [4] - The corporate office is located in Okotoks, Alberta, Canada, with contact details provided for inquiries [4]

Summary of Mullen Group Ltd. Notes Offering Core Viewpoint Mullen Group Ltd. has successfully priced a senior secured notes offering amounting to approximately CAD$400 million, aimed at enhancing liquidity for future growth and prepaying existing debt. Group 1: Notes Offering Details - The offering consists of US$50 million with a yield of 6.91% per annum and CAD$325 million with a yield of 6.04% per annum, maturing on July 10, 2037 [2] - Interest on the notes will be payable semi-annually starting December 7, 2025 [2] - The offering is expected to close on July 10, 2025, pending customary closing conditions [3] Group 2: Use of Proceeds - The net proceeds from the notes offering will be used to prepay existing private placement debt maturing in October 2026 and for general corporate purposes [3][4] - The company aims to utilize the funds to pursue new acquisitions aligned with its strategic plans [4] Group 3: Company Background - Mullen Group is a public company with a significant portfolio in the transportation and logistics sectors, providing a variety of services including less-than-truckload, truckload, and specialized hauling [7] - The company operates a network of independently run businesses and offers specialized services related to energy, mining, forestry, and construction industries in western Canada [7]

Core Points - Mullen Group Ltd. announced the results of the vote on the election of directors at the annual meeting of shareholders held on May 6, 2025 [1] Group 1: Election Results - Christine McGinley received 56,379,939 votes for, representing 95.92%, with 2,396,192 votes withheld (4.08%) [2] - Stephen Lockwood received 56,549,057 votes for, representing 96.21%, with 2,227,074 votes withheld (3.79%) [2] - Laura Hartwell received 57,499,810 votes for, representing 97.83%, with 1,276,321 votes withheld (2.17%) [2] - Murray Mullen received 55,339,017 votes for, representing 94.15%, with 3,437,114 votes withheld (5.85%) [2] - Sonia Tibbatts received 55,051,119 votes for, representing 93.66%, with 3,725,012 votes withheld (6.34%) [2] - Jamil Murji received 57,513,302 votes for, representing 97.85%, with 1,262,829 votes withheld (2.15%) [2] - Richard Whitley received 57,478,676 votes for, representing 97.79%, with 1,297,455 votes withheld (2.21%) [2] - Benoit Durand received 57,588,463 votes for, representing 97.98%, with 1,187,668 votes withheld (2.02%) [2] Group 2: Company Overview - Mullen Group is a public company with a significant history of acquiring companies in the transportation and logistics industries [3] - The company operates one of the largest portfolios of logistics companies in North America, offering a wide range of services including less-than-truckload, truckload, warehousing, logistics, and specialized hauling transportation [3] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, including water management and environmental reclamation [3] - The corporate office supports its independent businesses with capital, financial expertise, legal support, technology, and strategic planning [3]

Company Overview - Mullen Group Ltd. is a public company with a significant history of acquiring companies in the transportation and logistics sectors, boasting one of the largest portfolios of logistics companies in North America [5] - The company provides a wide range of services including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [5] - Mullen Group also offers specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [5] Annual Meeting Details - Mullen Group will host its Annual Meeting on May 6, 2025, at 3:00 PM MDT, which will be conducted virtually [1] - Registered shareholders and duly appointed proxyholders can attend, participate, and vote in real time, while non-registered shareholders can attend as guests but cannot vote or ask questions [2] - Shareholders are encouraged to vote prior to the meeting using methods outlined in the Management Information Circular [3] Additional Information - Further details regarding the meeting, including the business to be covered, can be found in the Circular and other materials filed on SEDAR+ and the company's website [4] - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [6]