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	Jun '25 Jun 30, 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	1,353	1,080	807.6	641.2	476.9	394.13
Revenue Growth (YoY)	57.21%	33.74%	25.95%	34.45%	21.00%	-
Cost of Revenue	971.2	754.6	532	389.1	285.6	253.87
Gross Profit	382.1	325.5	275.6	252.1	191.3	140.27
Selling, General & Admin	90.7	77	68.8	60	58.3	66.8
Research & Development	30.6	36.9	39.3	32.8	21.1	8
Operating Expenses	232.1	217.1	196.2	177.5	172.7	159.07
Operating Income	150	108.4	79.4	74.6	18.6	-18.8
Interest Expense	-24.4	-28	-8.6	-18.6	-26.8	-39.2
Interest & Investment Income	10.8	7	2	0.4	-	-
Currency Exchange Gain (Loss)	18.1	17.5	-2.8	3.7	-1.5	-2
Other Non Operating Income (Expenses)	-0.6	1.9	-0.8	-20.2	1.6	9.33
EBT Excluding Unusual Items	153.9	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	5.8	-	-	-	-
Other Unusual Items	-	-	-	-5.7	19.4	55.47
Pretax Income	158.1	111	67.3	34.2	11.3	-23.73
Income Tax Expense	43.4	31.6	18.5	7.9	8.4	-0.67
Net Income	114.7	79.4	48.8	26.3	2.9	-23.07
Net Income to Common	114.7	79.4	48.8	26.3	2.9	-23.07
Net Income Growth	140.97%	62.70%	85.55%	806.90%	-	-
Shares Outstanding (Basic)	122	120	119	119	109	81
Shares Outstanding (Diluted)	128	126	121	122	116	81
Shares Change (YoY)	4.38%	4.02%	-1.04%	5.29%	44.19%	-
EPS (Basic)	0.94	0.66	0.41	0.22	0.03	-0.29
EPS (Diluted)	0.89	0.63	0.40	0.21	0.02	-0.29
EPS Growth	135.18%	57.50%	90.48%	950.00%	-	-
Free Cash Flow	793.4	677.4	-134.5	-80.8	19.6	71.47
Free Cash Flow Per Share	6.18	5.37	-1.11	-0.66	0.17	0.89
Gross Margin	28.23%	30.14%	34.13%	39.32%	40.11%	35.59%
Operating Margin	11.08%	10.04%	9.83%	11.63%	3.90%	-4.77%
Profit Margin	8.48%	7.35%	6.04%	4.10%	0.61%	-5.85%
Free Cash Flow Margin	58.63%	62.72%	-16.65%	-12.60%	4.11%	18.13%
EBITDA	206.2	162.8	131.2	128.9	75.7	36.8
EBITDA Margin	15.24%	15.07%	16.25%	20.10%	15.87%	9.34%
D&A For EBITDA	56.2	54.4	51.8	54.3	57.1	55.6
EBIT	150	108.4	79.4	74.6	18.6	-18.8
EBIT Margin	11.08%	10.04%	9.83%	11.63%	3.90%	-4.77%
Effective Tax Rate	27.45%	28.47%	27.49%	23.10%	74.34%	-

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