MDA Space Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,222	1,080	807.6	641.2	476.9	394.13
Revenue Growth (YoY)	49.98%	33.74%	25.95%	34.45%	21.00%	-
Cost of Revenue	871.5	754.6	532	389.1	285.6	253.87
Gross Profit	350.5	325.5	275.6	252.1	191.3	140.27
Selling, General & Admin	81.5	77	68.8	60	58.3	66.8
Research & Development	33.4	36.9	39.3	32.8	21.1	8
Operating Expenses	222	217.1	196.2	177.5	172.7	159.07
Operating Income	128.5	108.4	79.4	74.6	18.6	-18.8
Interest Expense	-26.9	-28	-8.6	-18.6	-26.8	-39.2
Interest & Investment Income	8	7	2	0.4	-	-
Currency Exchange Gain (Loss)	28.3	17.5	-2.8	3.7	-1.5	-2
Other Non Operating Income (Expenses)	0.5	1.9	-0.8	-20.2	1.6	9.33
EBT Excluding Unusual Items	138.4	106.8	69.2	39.9	-8.1	-50.67
Merger & Restructuring Charges	-1.6	-1.6	-1.9	-	-	-28.53
Gain (Loss) on Sale of Assets	-	5.8	-	-	-	-
Other Unusual Items	-	-	-	-5.7	19.4	55.47
Pretax Income	136.8	111	67.3	34.2	11.3	-23.73
Income Tax Expense	38.3	31.6	18.5	7.9	8.4	-0.67
Net Income	98.5	79.4	48.8	26.3	2.9	-23.07
Net Income to Common	98.5	79.4	48.8	26.3	2.9	-23.07
Net Income Growth	111.83%	62.70%	85.55%	806.90%	-	-
Shares Outstanding (Basic)	121	120	119	119	109	81
Shares Outstanding (Diluted)	127	126	121	122	116	81
Shares Change (YoY)	4.13%	4.02%	-1.04%	5.29%	44.19%	-
EPS (Basic)	0.82	0.66	0.41	0.22	0.03	-0.29
EPS (Diluted)	0.78	0.63	0.40	0.21	0.02	-0.29
EPS Growth	104.60%	57.50%	90.48%	950.00%	-	-
Free Cash Flow	906.9	677.4	-134.5	-80.8	19.6	71.47
Free Cash Flow Per Share	7.13	5.37	-1.11	-0.66	0.17	0.89
Gross Margin	28.68%	30.14%	34.13%	39.32%	40.11%	35.59%
Operating Margin	10.52%	10.04%	9.83%	11.63%	3.90%	-4.77%
Profit Margin	8.06%	7.35%	6.04%	4.10%	0.61%	-5.85%
Free Cash Flow Margin	74.21%	62.72%	-16.65%	-12.60%	4.11%	18.13%
EBITDA	181.9	162.8	131.2	128.9	75.7	36.8
EBITDA Margin	14.89%	15.07%	16.25%	20.10%	15.87%	9.34%
D&A For EBITDA	53.4	54.4	51.8	54.3	57.1	55.6
EBIT	128.5	108.4	79.4	74.6	18.6	-18.8
EBIT Margin	10.52%	10.04%	9.83%	11.63%	3.90%	-4.77%
Effective Tax Rate	28.00%	28.47%	27.49%	23.10%	74.34%	-

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.