MDA Space Ltd. (MDA.TO, MDALF), a Canadian space technology company, on Thursday announced net income increased in the second quarter compared with the previous year.
For the second quarter, net income increased to C$27.2 million from C$11 million in the prior year.
Earnings per share were C$0.21 versus C$0.09 last year.
On the adjusted basis, net income increased to C$48.1 million from C$23.4 million in the same period last year.
Adjusted earnings per share were C$0.38 versus C$0.19 last year.
EBITDA increased to C$60.8 million from C$44.2 million in the previous year.
Adjusted EBITDA increased to C$76.3 million from C$48.7 million in the previous year.
Operating income C$43.6 million from C$22.1 million in the prior year.
Revenue increased to C$373.3 million from C$242 million in the previous year.
Looking ahead, for the third quarter of 2025, the company expects revenues between $385 million and $415 million, supported by continued execution of its backlog.
The company revised the full-year outlook, expecting revenue to range between $1.57 billion and $1.63 billion compared with $1.50 billion and $1.65 billion, representing year-over-year growth of approximately 48% at the midpoint of guidance.
The company raised its full-year adjusted EBITDA guidance to $305 million and $320 million from the earlier range of $290 million and $320 million, representing approximately 45% year-over-year growth at the midpoint.
On Wednesday, MDA Space closed trading3.66% higher at CAD on the Toronto Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.