GFL Environmental Inc. filings document a foreign private issuer operating an environmental services business with subordinate voting shares listed under GFL. Form 6-K reports include unaudited interim consolidated financial statements, management's discussion and analysis, certifications and press-release exhibits on operating results, dividends, acquisitions and share repurchase activity.
The company's disclosure record also covers annual and special meeting materials, management information circulars, proxy forms, record-date notices and shareholder voting mechanics. Capital-structure disclosures identify multiple voting shares, subordinate voting shares and Series A and Series B perpetual convertible preferred shares, along with governance matters, material agreements and registration-statement references on Form S-8 and Form F-10.
GFL Environmental Inc. received an amended Schedule 13G/A from a group of BC Partners–related investment entities reporting a significant ownership stake in its Subordinate Voting Shares. Based on 347,010,981 shares outstanding as of November 20, 2025, the reporting group collectively beneficially owns 76,646,477 shares, representing 22.1% of the class.
As of December 31, 2025, BCEC-GFL Borrower (Cayman) LP directly holds 62,062,374 Subordinate Voting Shares (17.9%), and GFL Borrower II (Cayman) LP directly holds 14,584,103 shares (4.2%). The filing details a chain of ownership through various Cayman, Luxembourg, and Guernsey entities and includes disclaimers about possible "group" status with Magny Cours Investment Pte Ltd. and with investor Patrick Dovigi and affiliates under an Investor Rights Agreement, while expressly disclaiming beneficial ownership of their shares.
GFL Environmental Inc. reported solid fourth quarter and full year 2025 results and issued full year 2026 guidance. Full year revenue grew to $6,615.9 million from $6,138.8 million, driven by total revenue growth of 9.5% and price-led organic growth. Adjusted EBITDA increased to $1,985.0 million, with a record Adjusted EBITDA margin of 30.0%, up from 28.7% a year earlier.
Net income from continuing operations was $241.1 million, compared with a loss of $897.5 million in 2024. Including discontinued operations, net income reached $3,813.4 million, largely reflecting the sale of the Environmental Services business. The company used divestiture proceeds to materially reduce debt, bringing Net Leverage down to 3.4x from 4.1x, while repurchasing over 10% of its shares and still investing nearly $1.0 billion in acquisitions.
Adjusted Free Cash Flow for 2025 rose to $755.9 million from $611.4 million, supporting GFL’s strategy of reinvesting in its network, pursuing accretive M&A and returning capital to shareholders. Management believes the company’s North American solid waste platform and recent growth investments position it for another year of strong financial performance in 2026.
GFL Environmental Inc. has relocated its executive headquarters from Vaughan, Ontario to Miami Beach, Florida, while keeping its jurisdiction of incorporation in Ontario, Canada. The company explains that being based in the U.S. broadens its eligibility for inclusion in U.S. equity indices, while maintaining eligibility for Canadian indices, which it believes can increase visibility and help build a wider global shareholder base across passive and active strategies.
Chief Executive Officer Patrick Dovigi notes that the United States now represents over two thirds of GFL’s revenue, with more than half of that generated in the fast-growing Southeastern region. The move is positioned as aligning the headquarters with this growth market and is expected to enhance GFL’s ability to attract highly skilled U.S. talent. GFL will continue to operate shared services hubs in Vaughan, Ontario and Raleigh, North Carolina.
GFL describes itself as the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states with a workforce of more than 15,000 employees.
GFL Environmental Inc. reports that its wholly owned U.S. subsidiary, GFL Environmental Holdings (US), Inc., has completed an offering of US$1.0 billion aggregate principal amount of 5.500% Senior Notes due 2034. The notes were issued under an indenture dated January 16, 2026, with Computershare Trust Company, N.A. acting as trustee, and are guaranteed by GFL and certain other guarantors. The notes mature on February 1, 2034 and were sold in the United States to investors reasonably believed to be qualified institutional buyers under Rule 144A and outside the United States under Regulation S of the Securities Act.
GFL Environmental Inc. reports that, effective January 1, 2026, it completed a vertical short-form amalgamation under the Business Corporations Act (Ontario) with certain wholly owned subsidiaries. This is an internal corporate reorganization designed to simplify the company’s legal structure.
No new GFL securities were issued as part of the amalgamation and the company’s share capital remains unchanged, meaning there is no dilution for existing shareholders. GFL states that the amalgamation will not impact its business or operations, indicating that day-to-day activities and strategy are expected to continue as before.