Toronto Parking Authority - 2026 March 31 Year-to-Date Financial Performance (First Three Months Results)

On-Street revenue was $13.8 million, -$2.6 million versus plan due to 0.8 million fewer trips caused by winter storm closures. Excluding On-Street, top line revenue was +0.1 million better than plan and +$1.5 million versus 2025. Total operating costs was $26.4 million; $0.9 million lower than plan driven by reduced volume-related costs, warranty cost reductions on legacy parking equipment, and head count savings. As of March 31, 2026, Toronto Parking Authority has spent $3.9 million in capital projects, with another $34.2 million already committed. Building on the momentum from past three years of 80%+ spend rate, we are on track to deliver 95% or more of the Toronto Parking Authority led capital plan of $42.5 million. Management is forecasting to deliver on plan full-year 2026 financial performance targets.