Company: TRTN-PA
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001660734-25-000034
Chunk: 42

Company: Triton International Ltd
Filing Date: 2025-11-06
Form: 6-K
Chunk 42
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5.

#### Investing Activities
Net cash used in investing activities increased by $438.3 million to $818.4 million for the nine months ended September 30, 2025 compared to $380.1 million in the same period in 2024 primarily due to the purchase of assets in connection with the GCI acquisition. Partially offsetting this increase was a decrease in the purchases of new equipment of $395.7 million due to weak market demand in the first nine months of 2025 compared to the same period last year. In addition, cash provided by investing activities from proceeds for the sale of equipment decreased by $90.5 million primarily due to lower sales volume and lower selling prices.

#### Financing Activities
Net cash provided by financing activities was $91.3 million for the nine months ended September 30, 2025 compared to net cash used in financing activities of $476.0 million in the same period in 2024, a change of $567.3 million. Capital distributions decreased by $243.4 million, and we received net proceeds of $144.3 million from the issuance of Series F Preference Shares in the first nine months of 2025. In addition, we had net debt repayments in the first nine months of 2024 compared to net debt borrowings in the same period of 2025, resulting in an increase in cash provided by financing activities of $193.8 million, largely due to the purchase of assets in connection with the GCI acquisition.

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#### Operating Results
The following table presents our comparative operating results (in thousands):

| Revenues:                                            |     | Three Months Ended September 30, 
 2025                             |         |     | 2024 |         |     | Variance |         |
|:-----------------------------------------------------|:----|:---------------------------------|--------:|:----|:-----|--------:|:----|:---------|--------:|
| Operating lease revenues                             |     | $                                | 297,717 |     | $    | 363,787 |     | $        | -66,070 |
| Finance lease revenues                               |     |                                  |  29,754 |     |      |  27,532 |     |          |   2,222 |
| Management fee revenues                              |     |                                  |   6,367 |     |      |       — |     |          |   6,367 |
| Total revenues