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MDA Space Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 499.1M 409.8M 373.3M 351.0M 346.6M
Operating Revenue 499.1M 409.8M 373.3M 351.0M 346.6M
Cost Of Revenue 372.0M 301.7M 278.5M 271.3M 264.7M
Gross Profit 127.1M 108.1M 94.8M 79.7M 81.9M
Selling General And Administration 35.3M 33.1M 33.5M 27.3M 24.5M
General And Administrative Expense 24.9M 23.2M 17.3M 17.4M 15.3M
Research And Development 14.7M 11.9M 6.0M 5.5M 11.9M
Depreciation And Amortization In Income Statement 31.3M 30.0M 11.7M 11.6M 11.5M
Operating Expense 81.3M 75.0M 51.2M 44.4M 47.9M
Operating Income 45.8M 33.1M 43.6M 35.3M 34.0M
EBIT 36.1M 44.4M 38.7M 50.2M 46.0M
Interest Expense 3.6M 5.6M 2.9M 4.9M 9.6M
Interest Expense Non Operating 3.6M 5.6M 2.9M 4.9M 9.6M
Interest Income 700,000 1.9M 3.5M 1.7M 3.3M
Interest Income Non Operating 700,000 1.9M 3.5M 1.7M 3.3M
Net Interest Income -2.9M -3.7M 600,000 -3.2M -6.3M
Other Income Expense -10.4M 9.4M -8.4M 13.2M 8.7M
Other Non Operating Income Expenses 0.00 1.0M -- -- -100,000
Gain On Sale Of Security -10.4M 8.4M -8.4M 13.2M 8.8M
Pretax Income 32.5M 38.8M 35.8M 45.3M 36.4M
Tax Provision 8.5M 14.4M 8.6M 12.4M 11.3M
Tax Effect Of Unusual Items -2.7M 3.1M -2.0M 3.6M 2.7M
Net Income From Continuing And Discontinued Operation 24.0M 24.4M 27.2M 32.9M 25.1M
Net Income From Continuing Operation Net Minority Interest 24.0M 24.4M 27.2M 32.9M 25.1M
Net Income Including Noncontrolling Interests 24.0M 24.4M 27.2M 32.9M 25.1M
Net Income Common Stockholders 24.0M 24.4M 27.2M 32.9M 25.1M
Net Income 24.0M 24.4M 27.2M 32.9M 25.1M
EBITDA 82.4M 87.8M 64.3M 75.5M 70.4M
Normalized EBITDA 92.8M 79.4M 72.7M 62.3M 61.6M
Reconciled Depreciation 46.3M 43.4M 25.6M 25.3M 24.4M
Basic EPS -- 0.19 0.22 0.27 --
Diluted EPS -- 0.19 0.21 0.26 --
Basic Average Shares -- 125.4M 123.1M 122.2M --
Diluted Average Shares -- 130.1M 128.1M 127.6M --
Total Unusual Items -10.4M 8.4M -8.4M 13.2M 8.8M
Total Unusual Items Excluding Goodwill -10.4M 8.4M -8.4M 13.2M 8.8M
Tax Rate For Calcs 0.26 0.37 0.24 0.27 0.31
Normalized Income 31.7M 19.1M 33.6M 23.3M 19.0M
Amortization 31.3M 30.0M 11.7M 11.6M 11.5M
Amortization Of Intangibles Income Statement 31.3M 30.0M 11.7M 11.6M 11.5M
Depreciation Amortization Depletion Income Statement 31.3M 30.0M 11.7M 11.6M 11.5M
Diluted NI Availto Com Stockholders 24.0M 24.4M 27.2M 32.9M 25.1M
Net Income Continuous Operations 24.0M 24.4M 27.2M 32.9M 25.1M
Net Non Operating Interest Income Expense -2.9M -3.7M 600,000 -3.2M -6.3M
Other Gand A 20.1M 17.9M 13.6M 13.5M 11.5M
Reconciled Cost Of Revenue 357.0M 288.3M 264.6M 257.6M 251.8M
Salaries And Wages 4.8M 5.3M 3.7M 3.9M 3.8M
Selling And Marketing Expense 10.4M 9.9M 16.2M 9.9M 9.2M
Total Expenses 453.3M 376.7M 329.7M 315.7M 312.6M
Total Operating Income As Reported 45.8M 33.1M 43.6M 35.3M 34.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 152.0M 195.7M 665.9M 376.3M 166.7M
Cash Cash Equivalents And Short Term Investments 152.0M 195.7M 665.9M 376.3M 166.7M
Cash Financial 152.0M 195.7M 665.9M 376.3M 166.7M
Accounts Receivable 85.5M 180.6M 87.9M 72.1M 71.0M
Receivables 385.7M 508.6M 372.3M 391.2M 380.0M
Inventory 23.5M 17.5M 13.6M 12.4M 8.1M
Other Current Assets 53.3M 68.3M 62.9M 71.2M 71.7M
Current Assets 614.5M 790.1M 1.1B 851.1M 626.5M
Gross PPE 848.9M 775.8M 731.7M 708.2M 668.4M
Accumulated Depreciation -84.8M -77.8M -70.6M -63.4M -56.4M
Net PPE 764.1M 698.0M 661.1M 644.8M 612.0M
Goodwill 800.4M 817.7M 441.8M 441.6M 441.0M
Goodwill And Other Intangible Assets 1.7B 1.7B 1.0B 1.0B 1.0B
Other Intangible Assets 876.7M 867.5M 586.6M 585.8M 580.0M
Investments And Advances 11.3M -- -- -- 0.00
Long Term Equity Investment 11.3M -- -- -- 0.00
Other Non Current Assets 279.2M 298.6M 342.6M 321.5M 328.1M
Total Non Current Assets 2.7B 2.7B 2.0B 2.0B 2.0B
Total Assets 3.4B 3.5B 3.2B 2.9B 2.6B
Current Debt And Capital Lease Obligation 20.2M 20.4M 19.7M 17.9M 16.2M
Accounts Payable 391.4M 366.0M 311.1M 283.9M 248.7M
Payables 479.5M 437.3M 371.0M 350.6M 310.8M
Payables And Accrued Expenses 479.5M 437.3M 371.0M 350.6M 310.8M
Current Deferred Revenue 798.9M 959.8M 896.7M 938.3M 761.3M
Other Current Liabilities 19.2M 7.9M 2.0M 1.7M 2.7M
Current Liabilities 1.3B 1.4B 1.3B 1.3B 1.1B
Long Term Debt 272.0M 289.3M 249.1M -- --
Long Term Debt And Capital Lease Obligation 390.9M 410.9M 371.4M 120.2M 120.6M
Long Term Capital Lease Obligation 118.9M 121.6M 122.3M 120.2M 120.6M
Other Non Current Liabilities 23.4M 26.0M 2.8M 1.5M 800,000
Total Non Current Liabilities Net Minority Interest 683.4M 725.7M 585.0M 327.1M 330.5M
Total Liabilities Net Minority Interest 2.0B 2.2B 1.9B 1.6B 1.4B
Common Stock 1.0B 1.0B 1.0B 991.4M 975.8M
Capital Stock 1.0B 1.0B 1.0B 991.4M 975.8M
Additional Paid In Capital 36.0M 28.5M 27.6M 31.5M 38.0M
Retained Earnings 247.2M 223.2M 198.8M 171.6M 138.7M
Gains Losses Not Affecting Retained Earnings 29.1M 35.2M 30.6M 20.7M 23.5M
Other Equity Adjustments 29.1M 35.2M 30.6M 20.7M 23.5M
Common Stock Equity 1.4B 1.3B 1.3B 1.2B 1.2B
Stockholders Equity 1.4B 1.3B 1.3B 1.2B 1.2B
Total Equity Gross Minority Interest 1.4B 1.3B 1.3B 1.2B 1.2B
Total Capitalization 1.6B 1.6B 1.5B 1.2B 1.2B
Net Tangible Assets -322.1M -355.9M 253.9M 187.8M 155.0M
Tangible Book Value -322.1M -355.9M 253.9M 187.8M 155.0M
Working Capital -703.3M -635.3M -174.7M -457.4M -464.5M
Invested Capital 1.6B 1.6B 1.5B 1.2B 1.2B
Total Debt 411.1M 431.3M 391.1M 138.1M 136.8M
Net Debt 120.0M 93.6M -- -- --
Share Issued 126.3M 126.3M 124.8M 122.7M 121.5M
Ordinary Shares Number 126.3M 126.3M 124.8M 122.7M 121.5M
Buildings And Improvements 112.3M 115.5M 115.9M 112.6M 111.8M
Capital Lease Obligations 139.1M 142.0M 142.0M 138.1M 136.8M
Construction In Progress 405.6M 387.9M 351.7M 328.1M 305.0M
Current Capital Lease Obligation 20.2M 20.4M 19.7M 17.9M 16.2M
Current Deferred Liabilities 798.9M 959.8M 896.7M 938.3M 761.3M
Finished Goods 2.4M -- -- -- 0.00
Income Tax Payable 11.0M 8.0M 2.1M 2.3M 1.9M
Inventories Adjustments Allowances -1.0M -- -- -- -300,000
Land And Improvements 200.7M 154.2M 153.0M 155.0M 142.5M
Machinery Furniture Equipment 52.2M 45.8M 41.2M 40.3M 38.8M
Non Current Deferred Assets 10.0M 8.5M 9.9M 6.0M 9.9M
Non Current Deferred Liabilities 245.7M 263.8M 187.1M 181.3M 185.4M
Non Current Deferred Taxes Assets 10.0M 8.5M 9.9M 6.0M 9.9M
Non Current Deferred Taxes Liabilities 245.7M 263.8M 187.1M 181.3M 185.4M
Other Payable 77.1M 63.3M 57.8M 64.4M 60.2M
Other Properties 78.1M 72.4M 69.9M 72.2M 70.3M
Other Receivables 250.7M 284.4M 244.0M 271.1M 277.5M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 15.7M -- -- -- 6.1M
Receivables Adjustments Allowances -3.4M -- -- -- -22.5M
Taxes Receivable 52.9M 43.6M 40.4M 48.0M 54.0M
Total Tax Payable 11.0M 8.0M 2.1M 2.3M 1.9M
Tradeand Other Payables Non Current 23.4M 25.0M 23.7M 24.1M 23.7M
Treasury Shares Number 0.00 19,529 19,529 19,529 19,529
Work In Process 6.4M -- -- -- 2.3M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 54.9M 32.8M 52.8M 267.0M 383.1M
Cash Flow From Continuing Operating Activities 54.9M 32.8M 52.8M 267.0M 383.1M
Depreciation And Amortization 46.3M 43.4M 25.6M 25.3M 24.4M
Depreciation Amortization Depletion 46.3M 43.4M 25.6M 25.3M 24.4M
Stock Based Compensation 3.5M 4.0M 2.5M 2.8M 2.7M
Deferred Tax -6.8M -3.1M 3.3M 4.4M -1.6M
Deferred Income Tax -6.8M -3.1M 3.3M 4.4M -1.6M
Change In Working Capital 1.0M -45.8M 3.3M 195.8M 323.6M
Changes In Account Receivables 42.6M -69.9M -1.5M -3.1M 70.3M
Change In Receivables 143.7M -95.7M 28.3M -21.7M 89.7M
Change In Inventory -6.0M -1.0M -1.2M -4.3M -1.3M
Change In Payables And Accrued Expense -24.6M 14.4M 26.8M 34.3M 7.0M
Change In Payable -24.6M 14.4M 26.8M 34.3M 7.0M
Change In Other Working Capital -145.2M 54.1M -46.5M 182.7M 250.6M
Change In Other Current Assets 9.5M -8.2M -8.3M -10.2M 1.1M
Change In Other Current Liabilities 8.5M 4.2M 4.1M -1.1M 2.0M
Other Non Cash Items 2.9M 3.7M -600,000 3.2M 6.7M
Capital Expenditure -74.4M -69.5M -69.8M -61.7M -68.3M
Purchase Of PPE -38.8M -49.8M -46.9M -39.8M -51.8M
Net PPE Purchase And Sale -38.8M -49.8M -46.9M -39.8M -51.8M
Purchase Of Business -10.0M -359.8M -2.8M 0.00 0.00
Investing Cash Flow -84.4M -429.3M -39.4M -61.5M -68.3M
Cash Flow From Continuing Investing Activities -84.4M -429.3M -39.4M -61.5M -68.3M
Issuance Of Debt 315.0M 80.0M 250.0M 0.00 0.00
Repayment Of Debt -328.1M -145.6M -2.3M -2.4M -296.8M
Net Issuance Payments Of Debt -13.1M -65.6M 247.7M -2.4M -296.8M
Financing Cash Flow -20.9M -64.5M 275.4M 6.3M -288.0M
Cash Flow From Continuing Financing Activities -20.9M -64.5M 275.4M 6.3M -288.0M
Effect Of Exchange Rate Changes 6.7M -9.2M 800,000 -2.2M 700,000
Changes In Cash -50.4M -461.0M 288.8M 211.8M 26.8M
Beginning Cash Position 195.7M 665.9M 376.3M 166.7M 139.2M
End Cash Position 152.0M 195.7M 665.9M 376.3M 166.7M
Free Cash Flow -19.5M -36.7M -17.0M 205.3M 314.8M
Amortization Cash Flow 34.7M 33.4M 15.2M 15.0M 15.0M
Amortization Of Intangibles 34.7M 33.4M 15.2M 15.0M 15.0M
Asset Impairment Charge -- -- -- -- 3.3M
Change In Prepaid Assets 15.1M -13.6M 100,000 16.1M -25.5M
Depreciation 11.6M 10.0M 10.4M 10.3M 9.4M
Interest Paid Cfo -5.4M -5.0M -2.3M -2.3M -6.0M
Long Term Debt Issuance 315.0M 80.0M 250.0M 0.00 0.00
Long Term Debt Payments -328.1M -145.6M -2.3M -2.4M -296.8M
Net Business Purchase And Sale -10.0M -359.8M -2.8M 0.00 0.00
Net Income From Continuing Operations 24.0M 24.4M 27.2M 32.9M 25.1M
Net Intangibles Purchase And Sale -35.6M -19.7M -22.9M -21.9M -16.5M
Net Long Term Debt Issuance -13.1M -65.6M 247.7M -2.4M -296.8M
Net Other Investing Changes 0.00 -- 33.2M 200,000 0.00
Operating Gains Losses -- -- -- -- 0.00
Proceeds From Stock Option Exercised 500,000 1.1M 27.7M 8.7M 8.8M
Purchase Of Intangibles -35.6M -19.7M -22.9M -21.9M -16.5M
Taxes Refund Paid -3.6M 6.5M -3.6M 5.0M 4.9M
Unrealized Gain Loss On Investment Securities -7.0M 4.7M -2.6M -100,000 0.00
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