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	Sep '25 Sep 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	1,481	1,080	807.6	641.2	476.9	394.13
Revenue Growth (YoY)	57.77%	33.74%	25.95%	34.45%	21.00%	-
Cost of Revenue	1,063	754.6	532	389.1	285.6	253.87
Gross Profit	418	325.5	275.6	252.1	191.3	140.27
Selling, General & Admin	89.2	77	68.8	60	58.3	66.8
Research & Development	35.3	36.9	39.3	32.8	21.1	8
Amortization of Goodwill & Intangibles	64.8	47	46.5	52.5	56.3	56.27
Operating Expenses	259.5	217.1	196.2	177.5	172.7	159.07
Operating Income	158.5	108.4	79.4	74.6	18.6	-18.8
Interest Expense	-27.1	-28	-8.6	-18.6	-26.8	-39.2
Interest & Investment Income	10.4	7	2	0.4	-	-
Currency Exchange Gain (Loss)	24	17.5	-2.8	3.7	-1.5	-2
Other Non Operating Income (Expenses)	3	1.9	-0.8	-20.2	1.6	9.33
EBT Excluding Unusual Items	168.8	106.8	69.2	39.9	-8.1	-50.67
Merger & Restructuring Charges	-12.5	-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	156.3	111	67.3	34.2	11.3	-23.73
Income Tax Expense	46.7	31.6	18.5	7.9	8.4	-0.67
Net Income	109.6	79.4	48.8	26.3	2.9	-23.07
Net Income to Common	109.6	79.4	48.8	26.3	2.9	-23.07
Net Income Growth	61.65%	62.70%	85.55%	806.90%	-	-
Shares Outstanding (Basic)	123	120	119	119	109	81
Shares Outstanding (Diluted)	130	126	121	122	116	81
Shares Change (YoY)	5.26%	4.02%	-1.04%	5.29%	44.19%	-
EPS (Basic)	0.89	0.66	0.41	0.22	0.03	-0.29
EPS (Diluted)	0.85	0.63	0.40	0.21	0.02	-0.29
EPS Growth	53.98%	57.50%	90.48%	950.00%	-	-
Free Cash Flow	554.4	677.4	-134.5	-80.8	19.6	71.47
Free Cash Flow Per Share	4.26	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	10.70%	10.04%	9.83%	11.63%	3.90%	-4.77%
Profit Margin	7.40%	7.35%	6.04%	4.10%	0.61%	-5.85%
Free Cash Flow Margin	37.44%	62.72%	-16.65%	-12.60%	4.11%	18.13%
EBITDA	209.9	162.8	131.2	128.9	75.7	36.8
EBITDA Margin	14.18%	15.07%	16.25%	20.10%	15.87%	9.34%
D&A For EBITDA	51.4	54.4	51.8	54.3	57.1	55.6
EBIT	158.5	108.4	79.4	74.6	18.6	-18.8
EBIT Margin	10.70%	10.04%	9.83%	11.63%	3.90%	-4.77%
Effective Tax Rate	29.88%	28.47%	27.49%	23.10%	74.34%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.