MDA Space Reports Record 2025 Results with 51% Revenue Growth

Key Facts

1The company achieved record fiscal year 2025 revenues of $1,633 million, a 51% increase year-over-year.

2The backlog stood at $4.0 billion at quarter-end, providing revenue visibility into 2026 and beyond.

3The company introduced 2026 guidance with revenues expected between $1.7 - $1.9 billion and adjusted EBITDA of $320 - $370 million.

MDA Space Ltd. (TSX: MDA) announced record-breaking financial results for the fourth quarter and full fiscal year 2025, driven by surging global demand in the space sector. The company reported annual revenues of $1,633 million, representing a significant 51% increase compared to the previous year. A robust backlog of approximately $4.0 billion at year-end provides the company with strong revenue visibility heading into 2026 and beyond. Looking ahead, MDA Space introduced its 2026 financial guidance, forecasting revenues between $1.7 billion and $1.9 billion. Adjusted EBITDA for 2026 is expected to range from $320 million to $370 million, reflecting continued operational efficiency. The company attributes this performance to successful project execution within the rapidly expanding global space industry.