MDA Space Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

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

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