GFL Environmental Inc.
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
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Oct 28, 2026 · Filed Oct 28, 2026
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GFL$46.32+0.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Net Leverage
Net Leverage
The following table presents the calculation of Net Leverage as at the dates indicated:
| ($ millions) · September 30, 2026 · December 31, 2025 | ||||
|---|---|---|---|---|
| Total long-term debt, net of derivative asset(1) | $11,544.5 | $7,401.6 | ||
| Deferred finance costs and other adjustments | (151.9) | (25.1) | ||
| Total long-term debt excluding deferred finance costs and other adjustments | $11,696.4 | $7,426.7 | ||
| Less: cash | (296.5) | (85.6) | ||
| 11,399.9 | 7,341.1 | |||
| Trailing twelve months Adjusted EBITDA(2) | 2,257.1 | 1,985.0 | ||
| Run-Rate EBITDA Adjustments(3) | 730.9 | 172.6 | ||
| Run-Rate EBITDA(3) | $2,988.0 | $2,157.6 | ||
| Net Leverage(2) | 3.8 | x | 3.4 | x |
| (1) | Total long-term debt includes derivative asset reclassified for financial statement presentation purposes to other long-term assets, refer to Note 7 in our Unaudited Interim Financial Statements. |
| (2) | A non-IFRS measure; see accompanying Non-IFRS Reconciliation Schedule; see “Non-IFRS Measures” for an explanation of the composition of non-IFRS measures. |
| (3) | See “Non-IFRS Measures” for an explanation of the composition of non-IFRS measures and ratios. |
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