Overview

* MDA Q3 2025 revenue up 45% YoY, beating analyst expectations

* Adjusted EBITDA for Q3 2025 increased 49% YoY to C$82.8 mln

* Company completed acquisition of SatixFy Communications, enhancing satellite systems

Outlook

* MDA reaffirms 2025 revenue guidance of C$1.57 bln to C$1.63 bln

* Company expects 2025 adjusted EBITDA of C$305 mln to C$320 mln

* MDA plans 2025 capital expenditures of C$210 mln to C$240 mln

Result Drivers

* SATELLITE SYSTEMS - Revenue growth driven by higher work volumes in Satellite Systems, including Telesat Lightspeed and Globalstar LEO programs

* ACQUISITION IMPACT - Acquisition of SatixFy Communications Ltd. enhanced satellite systems offerings, contributing to revenue growth

* TECHNOLOGY BREAKTHROUGH - Demonstration of satellite digital beam forming capability with MDA AURORA™ increased customer interest

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$409.80 C$404.30

Revenue mln mln (5

Analysts

)

Q3 C$82.80

Adjusted mln

EBITDA

Q3 Gross 26.40%

Margin

Q3 20.20%

Adjusted

EBITDA

Margin

Q3 Gross C$108.10

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for MDA Space Ltd ( MDALF ) is C$44.00, about 51.3% above its November 13 closing price of C$21.43

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)