MDA Space Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,746	1,633	1,080	807.6	641.2	476.9
Revenue Growth (YoY)	42.91%	51.21%	33.74%	25.95%	34.45%	61.33%
Cost of Revenue	288.5	1,169	754.6	532	389.1	285.6
Gross Profit	108.1	409.7	281.7	244	228.4	167.8
Selling, General & Admin	27.8	129.2	91	80.7	68.5	71.8
Depreciation & Amortization Expenses	43.2	139.5	90.8	78.1	76.2	79.8
Research & Development	11.9	38.1	36.9	39.3	32.8	21.1
Total Operating Expenses	82.9	306.8	218.7	198.1	177.5	172.7
Operating Income	33.1	157.8	106.8	77.5	74.6	18.6
Interest Income	5.6	7.8	7	2	0.4	-
Interest Expense	-18.5	-17	-28	-8.6	-34.6	-32.2
Other Non-Operating Income (Expense)	-1.4	3.8	25.2	-3.6	-6.2	24.9
Total Non-Operating Income (Expense)	-14.3	-5.4	4.2	-10.2	-40.4	-7.3
Pretax Income	148.3	152.4	111	67.3	34.2	11.3
Provision for Income Taxes	14.4	43.9	31.6	18.5	7.9	8.4
Net Income	133.9	108.5	79.4	48.8	26.3	2.9
Net Income to Common	24.4	108.5	79.4	48.8	26.3	2.9
Net Income Growth	-17.29%	36.65%	62.70%	85.55%	806.90%	-
Shares Outstanding (Basic)	126	124	120	119	119	109
Shares Outstanding (Diluted)	131	130	126	121	122	116
Shares Change (YoY)	2.83%	2.91%	4.02%	-1.04%	5.29%	42.23%
EPS (Basic)	0.83	0.87	0.66	0.41	0.22	0.03
EPS (Diluted)	0.80	0.84	0.63	0.40	0.21	0.02
EPS Growth	2.56%	33.33%	57.50%	90.48%	950.00%	-
Free Cash Flow	-1.3	232.2	671.5	-134.5	-80.8	19.6
Free Cash Flow Growth	-	-65.42%	-	-	-	-63.43%
Free Cash Flow Per Share	-0.01	1.79	5.33	-1.11	-0.66	0.17
Gross Margin	6.19%	25.09%	26.08%	30.21%	35.62%	35.19%
Operating Margin	1.90%	9.66%	9.89%	9.60%	11.63%	3.90%
Profit Margin	7.67%	6.64%	7.35%	6.04%	4.10%	0.61%
FCF Margin	-0.07%	14.22%	62.17%	-16.65%	-12.60%	4.11%
EBITDA	194.6	298.4	197.8	155.6	150.8	98.4
EBITDA Margin	11.14%	18.27%	18.31%	19.27%	23.52%	20.63%
EBIT	33.1	157.8	106.8	77.5	74.6	18.6
EBIT Margin	1.90%	9.66%	9.89%	9.60%	11.63%	3.90%
Effective Tax Rate	9.71%	28.81%	28.47%	27.49%	23.10%	74.34%