In 2025, we focused on controlling costs, optimizing inventory and driving margin improvement. Our efforts paid off as profitability and cash flow generation grew meaningfully, even in the face of stable revenue versus the prior year. We also continued to successfully deleverage the balance sheet, returning net debt to EBITDA to within our target range of 1.5 to 2.0 times. Our progress during the past year was a preliminary step in our ongoing journey to build Wajax into an organization that operates increasingly efficiently, performs more consistently and allocates capital most effectively, all with the aim of driving enhanced long-term value for shareholders across a variety of macroeconomic conditions.
Tania S. Casadinho, Chief Financial Officer
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We are proud to be one of Canada’s longest-standing and most diversified industrial products and services providers. We operate an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas. Wajax trades on the Toronto Stock Exchange (TSX).
- 168-year operating history
- 105 branches coast-to-coast
- A broad range of industrial products and services
- Diverse market and sector experience
Empowering People to BUILD A BETTER TOMORROW
-
WE COMMIT
to safety &
well-being -
WE DEVELOP
potential & expertise -
WE DELIVER
an exceptional experience together -
WE BUILD
lasting relationships -
WE STRIVE
to continuously improve
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- Continue to build a people-first company.
- Grow our existing business with a focus on parts, service, and margin improvement.
- Unlock the potential of our enhanced direct relationship with Hitachi.
- Invest in operational efficiency, process optimization and technology enablement.
- Acquire and integrate IP and ERS businesses.
- Sustainable Revenue Growth of 51%*
- 80 bps Improvement in Gross Profit Margin*
- Net Earnings Growth of 81%*
- 103% Total Shareholder Return*
- 40% Increase in Quarterly Dividend*
* For the period of January 1, 2021 to December 31, 2025
Tania S. Casadinho, Chief Financial Officer