RB GLOBAL INC.
For the period ended Feb 17, 2026. Filed Feb 17, 2026.
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Feb 17, 2026 · Filed Feb 17, 2026
Contents
EX-99.1 · Adjusted EBITDA
Adjusted EBITDA
The Company believes adjusted EBITDA provides useful information and is a key performance measure because it facilitates operating performance comparisons from period to period and it provides management with the ability to monitor its controllable incremental revenues and costs.
Adjusted EBITDA is calculated by adding back depreciation and amortization, interest expense, and income tax expense, and subtracting interest income from net income, as well as adding back the adjusting items.
The following table reconciles adjusted EBITDA to net income, which is the most directly comparable GAAP measure in, or calculated from, our consolidated financial statements:
| Three months ended December 31, | Year ended December 31, | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | |
| Net income | $109.4 | $118.4 | (8)% | $427.6 | $412.8 | 4% |
| Add: depreciation and amortization | 127.5 | 114.5 | 11% | 483.4 | 444.4 | 9% |
| Add: interest expense | 46.0 | 52.7 | (13)% | 191.6 | 233.7 | (18)% |
| Less: interest income | (4.3) | (5.9) | (27)% | (14.9) | (26.2) | (43)% |
| Add: income tax expense | 26.1 | 42.0 | (38)% | 108.0 | 137.3 | (21)% |
| EBITDA | 304.7 | 321.7 | (5)% | 1,195.7 | 1,202.0 | (1)% |
| Share-based payments expense | 15.5 | 15.2 | 2% | 76.7 | 56.3 | 36% |
| Acquisition-related and integration costs | 9.6 | 6.1 | 57% | 19.4 | 29.0 | (33)% |
| Restructuring costs | 4.1 | — | NM | 17.2 | — | NM |
| Gain on disposition of property, plant and equipment and related costs | (0.6) | — | NM | (2.0) | (1.2) | 67% |
| Prepaid consigned vehicles charges | — | (0.7) | NM | (0.5) | (4.7) | (89)% |
| Executive transition costs | 43.2 | 2.4 | 1,700% | 53.7 | 6.7 | 701% |
| (Gain) loss on divestiture and deconsolidation, net and related costs | (3.9) | — | NM | 15.8 | — | NM |
| Debt refinancing costs | — | — | NM | 3.9 | — | NM |
| Remeasurements in connection with business combinations | — | — | NM | 0.1 | 1.2 | (92)% |
| Other legal, advisory and non-income tax expenses | 7.0 | 1.3 | 438% | 19.7 | 13.4 | 47% |
| Adjusted EBITDA | $379.6 | $346.0 | 10% | $1,399.7 | $1,302.7 | 7% |
NM = Not meaningful
| RB Global | 11 |
|---|
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