MDA Space reported Q4 FY2025 results with revenue of CAD 499 million (+44.0% YoY) and adjusted EBITDA of CAD 96 million (+35.7% YoY), with an adjusted EBITDA margin of 19.3%. Q4 net income was CAD 24 million, while adjusted net income was CAD 59 million (+66.7% YoY). Operating cash flow in Q4 was CAD 51 million. For FY2025, MDA Space posted revenue of CAD 1.6 billion (+51.2% YoY) and adjusted EBITDA of CAD 324 million (+49.2% YoY), with an adjusted EBITDA margin of 19.8%. FY net income was CAD 109 million, while adjusted net income was CAD 190 million (+70.9% YoY). Operating cash flow totaled CAD 408 million and free cash flow was CAD 165 million; the company ended the year with a net debt to adjusted EBITDA ratio of 0.4x. Backlog was CAD 4.0 billion at year-end, and MDA Space said its pipeline increased to CAD 40 billion. The company highlighted continued execution in Satellite Systems, including work on the Telesat Lightspeed and Globalstar next-generation LEO constellation programs, and cited the impact of the EchoStar termination agreement on results. MDA Space also referenced its acquisition of SatixFy Communications, a strategic partnership to develop and deliver military satellite communications for Canadian forces in the Arctic, an IDIQ contract from the U.S. Missile Defense Agency for the SHIELD program, and the launch of 49North, a defence tech organization focused on Canada’s national defence priorities outside the space domain.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MDA Space Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603040545PR_NEWS_USPR_____TO00925) on March 04, 2026, and is solely responsible for the information contained therein.
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