)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Chemtrade Logistics Income Fund (CHE-UN) investor relations material
Chemtrade Logistics Income Fund Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Achieved record quarterly Adjusted EBITDA of $151.2 million in Q3 2025, up 10.2% year-over-year, with double-digit revenue and distributable cash growth, driven by operational excellence, higher selling prices, and volumes in key products.
Both Sulphur & Water Chemicals (SWC) and Electrochemicals (EC) segments contributed to strong results, with a weaker Canadian dollar positively impacting revenue and Adjusted EBITDA.
Net earnings declined 29.5% year-over-year to $42.4 million due to higher corporate costs, one-time items, and debenture fair value changes.
Vision 2030 targets 5%-10% annual Adjusted EBITDA and distributable cash growth, aiming for mid-cycle EBITDA of $550-$600 million by 2030.
Financial highlights
Q3 2025 revenue was $532.8 million, up 12.4% year-over-year; Adjusted EBITDA reached $151.2 million, up 10.2%.
Distributable cash after maintenance capex was $77.8 million, up 18% year-over-year; per-unit distributable cash rose 24.4% to $0.69.
Net debt at quarter-end was $941.1 million, with net debt to LTM Adjusted EBITDA stable at 1.8x and liquidity of $484 million.
Cash flow from operating activities for Q3 2025 was $155.5 million, up 8.5% year-over-year.
Payout ratio for Q3 2025 was 25%, and 32% on a trailing 12-month basis.
Outlook and guidance
Raised full-year 2025 Adjusted EBITDA guidance to above $503 million, surpassing 2023's $502.6 million, with favorable market conditions and resilience despite global trade tensions.
Implied 2025 payout ratio expected at ~37% or less.
Guidance assumes strong MECU netbacks, stable sodium chlorate volumes, and favorable FX rates; excludes Polytec acquisition earnings due to regulatory delays.
2026 outlook includes a North Vancouver turnaround, normalization in merchant acid, continued chlorine weakness, and growth from Polytec, Thatcher, and organic projects.
Vision 2030 targets mid-cycle annual Adjusted EBITDA of $550–$600 million by 2030.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Chemtrade Logistics Income Fund earnings date
Q4 202527 Feb, 2026
Next Chemtrade Logistics Income Fund earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Chemtrade Logistics Income Fund is a Canada-based provider of industrial chemicals and services. The company operates in multiple segments, including sulfur products, water treatment chemicals, and electrochemicals. Its product portfolio includes sulfuric acid, sodium chlorate, liquid sulfur dioxide, and other specialty chemicals used in industries such as water treatment, pulp and paper, oil refining, and pharmaceuticals. Chemtrade also offers logistics services, including chemical processing, packaging, and distribution. Chemtrade Logistics Income Fund is headquartered in Toronto, Canada, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage