MDA Space Q3 revenue tops expectations on satellite systems demand

MDA Space

14/11/2025 10:55

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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$409.80 mln
C$404.30 mln (5 Analysts)
Q3 Adjusted EBITDA
C$82.80 mln
Q3 Gross Margin
26.40%
Q3 Adjusted EBITDA Margin
20.20%
Q3 Gross Profit
C$108.10 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 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: ID:nCNW8JCPga

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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.)