07:05 AM EDT, 08/07/2025 (MT Newswires) -- MDA Space ( MDALF ) , a partner to the global space industry, on Thursday said its second-quarter net income more than doubled.

The company reported net income of $27.2 million for the three months-ended June 30, compared with $11.0 million, a year earlier. Quarterly adjusted earnings per diluted share was $0.38, compared with $0.19, a year-ago, which beat consensus estimate compiled by FactSet of $0.30 per share.

Revenue for the quarter increased to $373.3 million, compared with $242.0 million, a year earlier, driven by higher volumes of work, primarily in its Satellite Systems business. The results were in-line with consensus estimate compiled by FactSet of $370.9 million and the company's guidance of between $360 million and $380 million.

For fiscal 2025, the company now expects full year revenues to be between $1.57 billion and $1.63 billion compared with $1.50 billion and $1.65 billion previously and full year adjusted EBITDA range to be between $305 million and $320 million compared with $290 million and $320 million, previously. MDA Space ( MDALF ) reaffirmed its expectations on capital expenditures to be between $210 million and $240 million, and full year free cash flow to be neutral to positive in 2025.

The company forecasts Q3 2025 revenues to be between $385 million and $415 million.

Shares of the company closed up 3.7% to $46.18 on Wednesday on the Toronto Stock Exchange.