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GFL Environmental Inc.

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

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About this filing

The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Feb 18, 2026

GFL$46.32+0.4%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM****40-F

[Check one]

​​
☐Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934

or

​​​
For the fiscal year ended December 31, 2025Commission File Number 001-39240

GFL Environmental Inc.

(Exact name of Registrant as specified in its charter)

Not Applicable**

**(Translation of Registrant’s name into English (if applicable))

Ontario**, Canada**

(Province or other jurisdiction of incorporation or organization)

4953

(Primary Standard Industrial Classification Code Number (if applicable))

(I.R.S. Employer Identification Number (if applicable))

1759 Purdy Avenue**,**Suite 300

Miami Beach**,Florida **33139

**(905)**326-0101

(Address and telephone number of Registrant’s principal executive offices)

Corporate Creations Network Inc**.**

3411 Silverside Road**,**Tatnall Building, Suite 104

Wilmington**,DE 19810 ****

****(302)**351-3367

(Name, address (including zip code) and telephone number (including area code)

of agent for service in the United States)

Securities registered or to be registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (“Exchange Act”).

​​​​​
​​ ​ ​​​ ​ ​​
Title of each class​Trading Symbol(s)​Name of each exchange on which registered
Subordinate voting shares​GFL​The New York Stock Exchange; The Toronto Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Exchange Act.

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Exchange Act.

For annual reports, indicate by check mark the information filed with this Form:

☒** Annual information form****☒**** Audited annual financial statements**

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

At December 31, 2025,346,110,312 subordinate voting shares,11,812,964 multiple voting shares,4,867,006 Series A perpetual convertible preferred shares and8,196,721 Series B perpetual convertible preferred shares were issued and outstanding.**

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes** ☒ No☐**

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).

Yes** ☒ No****☐**

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the

Exchange Act.

Emerging growth company**☐**

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

Yes**☒**** No☐**

If securities are registered pursuant to Section 12(b) of the Exchange Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

Yes**☐**** No****☒**

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive - based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1 (b).

Yes**☐**** No****☒**

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.