Algoma Central Corporation Reports Financial Results for the 2026 Third Quarter

Gregg Ruhl, President & CEO of Algoma Central Corporation

“Algoma once again delivered positive results, reflecting continued strong customer demand. We are already seeing the benefits of the strategic investments we have made across our fleets.”

Gregg Ruhl, President & CEO of Algoma Central Corporation

“These investments have expanded our scale, strengthened our operations, and diversified our market capabilities. Our fleets have continued to demonstrate their resilience, supporting profitable growth through changing market conditions. Our recent special dividend and increase in our regular dividend demonstrate our ability to provide meaningful returns to shareholders while continuing to execute on our long-term strategy. We remain confident in Algoma’s outlook and the opportunities ahead,”

Christopher Lazarz, Chief Financial Officer of Algoma Central Corporation

“The third quarter delivered higher consolidated revenue, net earnings, and EBITDA compared to the prior year, reflecting solid performance across our businesses.”

Christopher Lazarz, Chief Financial Officer of Algoma Central Corporation

“Results were driven by higher freight rates, increased grain and construction volumes, and continued growth in our international joint ventures, including our increased participation in the Ocean Self-Unloader Pool. Net earnings also included a one-time gain on the sale of two older vessels as we continue to renew our fleet. Strong cash generation and a healthy balance sheet continue to provide us with the financial flexibility to continue funding our growth initiatives and fleet renewal program.”