MDA SPACE REPORTS FOURTH QUARTER AND FISCAL 2025 RESULTS

• Q4 2025 Highlights
  • Backlog of $4.0 billion at quarter-end, providing revenue visibility into 2026 and beyond
  • Record¹ revenues of $499 million, up 44% YoY
  • Record adjusted EBITDA² of $96 million, up 36% YoY
  • Adjusted EBITDA margin² of 19.3%
  • Adjusted net income² of $59 million, up 67% YoY
• Full Year 2025 Highlights
  • Record revenues of $1,633 million, up 51% YoY
  • Record adjusted EBITDA of $324 million, up 49% YoY
  • Adjusted EBITDA margin of 19.8%
  • Adjusted net income of $190 million, up 71% YoY
  • Operating cash flow of $407 million; Free cash flow² of $165 million
  • Net debt² to adjusted EBITDA ratio of 0.4x at year-end
• Introduction of 2026 Financial Outlook
  • Revenues expected to be $1.7 - $1.9 billion
  • Adjusted EBITDA of $320 - $370 million
  • Adjusted EBITDA margin expected at 18% - 20%
  • Capital expenditures expected to be $225 - $275 million
  • Free cash flow expected to be neutral to negative

Brampton, Ontario (March 4, 2026) -- MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced its financial results for the fourth quarter and year ended December 31, 2025.

“FY2025 was another banner year of profitable growth for MDA Space, that once again delivered record revenue and adjusted EBITDA. Our $4 billion backlog to close the year provides us with revenue visibility into 2026 and beyond. In addition, our pipeline has now increased to $40 billion. Within this pipeline, $10 billion includes either opportunities with government customers that have down-selected MDA Space or follow-on opportunities with existing customers. Our current backlog and pipeline provides us with confidence to continue to drive revenue growth for years to come."

MDA SPACE REPORTS THIRD QUARTER 2025 RESULTS

• Q3 2025 Highlights
  • Backlog of $4.4 billion at quarter-end, provides revenue visibility for 2025 and beyond
  • Revenues of $409.8 million, up 45% YoY
  • Adjusted EBITDA¹ of $82.8 million, up 49% YoY, and adjusted EBITDA margin¹ of 20.2%
  • Adjusted net income¹ of $46.1 million, up 33% YoY, and adjusted diluted earnings per share¹ of $0.35, up 25% YoY
  • Operating cash flow of $32.8 million
  • Net debt to adjusted EBITDA¹ ratio of 0.3x at quarter-end
• Reaffirmed 2025 full-year financial outlook

Brampton, Ontario (November 14, 2025) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the third quarter ended September 30, 2025.

“Q3 financial results marked another solid quarter for MDA Space with double-digit revenue growth and robust profitability as we continue to execute and convert our backlog.

It was a busy quarter for the MDA Space team. In early July we closed the previously announced acquisition of SatixFy Communications Ltd. which will further enhance our end-to-end digital satellite systems offering. In addition, we demonstrated an industry first satellite digital beam forming capability with MDA AURORATM, marking a significant breakthrough in satellite communication systems that support broadband connectivity and 5G networks.

MDA SPACE REPORTS SECOND QUARTER 2025 RESULTS

• Q2 2025 Highlights
  • Backlog of $4.6 billion at quarter-end, provides revenue visibility for 2025
  • Revenues of $373.3 million, up 54% YoY
  • Adjusted EBITDA¹ of $76.3 million, up 57% YoY, and adjusted EBITDA margin¹ of 20.4%
  • Adjusted net income¹ of $48.1 million, up 106% YoY, and adjusted diluted earnings per share¹ of $0.38, up 100% YoY
  • Operating cash flow of $52.8 million
  • Net cash position of $416.8 million at quarter-end
• Subsequent to quarter-end, announced new $1.8 billion LEO constellation award from EchoStar, growing backlog to over $6 billion²
• Updated 2025 full-year financial outlook

Brampton, Ontario (August 7, 2025) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the second quarter ended June 30, 2025.

“At the half year mark, the MDA Space team continues to execute well, delivering solid second quarter financial results with strong growth in our revenue and profitability as we convert our backlog and meet our customer commitments. Teams across all business areas were also busy advancing existing programs and developing a healthy pipeline of future business,” said Mike Greenley, Chief Executive Officer of MDA Space.

MDA SPACE REPORTS FIRST QUARTER 2025 RESULTS

• Q1 2025 Highlights
  • Backlog of $4.8 billion at quarter-end, up 46% YoY
  • Revenues of $351.0 million, up 68% YoY
  • Adjusted EBITDA¹ of $68.6 million, up 63% YoY, and adjusted EBITDA margin¹ of 19.5%
  • Adjusted net income1 of $37.2 million, up 103% YoY, and adjusted diluted earnings per share¹ of $0.29, up 93% YoY
  • Operating cash flow of $267.0 million
  • Net cash position of $376.3 million at quarter-end
• Reaffirmed 2025 full-year financial outlook

Brampton, Ontario (May 8, 2025) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the first quarter ended March 31, 2025. 

“Q1 marked a strong start to the year with the MDA Space team delivering another quarter of solid growth in our top and bottom lines as we continued to execute and convert our backlog,” said Mike Greenley, Chief Executive Officer of MDA Space.

MDA SPACE REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS

• Q4 2024 Highlights
  • Backlog of $4.4 billion at quarter-end, up 42% YoY
  • Revenues of $347 million, up 69% YoY
  • Adjusted EBITDA¹ of $71 million, up 68% YoY; adjusted EBITDA margin¹ of 20.5%
  • Adjusted net income¹ of $35 million, up 26% YoY
• Full year 2024 Highlights
  • Revenues of $1,080 million, up 34% YoY​
  • Adjusted EBITDA of $217 million, up 25% YoY; adjusted EBITDA margin of 20.1%​
  • Adjusted net income of $111 million, up 13% YoY​
  • Operating cash flow of $816 million; Free cash flow of $615 million​
  • Net cash position of $167 million at year-end​
• Introduction of 2025 Financial Outlook
  • Revenues expected to be $1.50 - $1.65 billion, representing ~ 45% YoY growth
  • Adjusted EBITDA expected to be $290 - $320 million, representing ~ 40% YoY growth, with adjusted EBITDA margin of 19%-20%

Brampton, Ontario (March 7, 2025) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced financial results for the fourth quarter and year ended December 31, 2024.

“In 2024, the MDA Space team delivered another year of strong execution reflected in 34% and 25% increases in revenue and adjusted EBITDA, helping to further solidify our position as a trusted mission partner and leader in the expanding space industry,” said Mike Greenley, Chief Executive Officer of MDA Space.

MDA SPACE REPORTS THIRD QUARTER 2024 RESULTS

• Q3 2024 Highlights
  • Strong backlog of $1.52 billion at quarter end, up 138% YoY
  • Strong top line growth with revenues of $282.4 million, up 38% YoY
  • Solid profitability with adjusted EBITDA¹ of $55.5 million, up 30% YoY, and adjusted EBITDA margin¹ of 19.7%
  • Solid adjusted net income¹ of $34.7 million, up 60% YoY, and adjusted diluted earnings per share¹ of $0.28, up 56% YoY
  • Strong operating cash flow of $258.8 million
  • Net debt to adjusted EBITDA¹ ratio of 0.8x at quarter-end
• Updated 2024 full-year financial outlook
  • Raised revenue guidance, narrowed adjusted EBITDA guidance and reaffirmed capital expenditures guidance
  • Reaffirmed positive free cash flow in 2024

BRAMPTON, ON, (November 15, 2024) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the third quarter ended September 30, 2024.

“In Q3, the MDA Space team delivered another strong quarter with double digit growth in our top and bottom lines as we continued to execute and convert our backlog,” said Mike Greenley, Chief Executive Officer of MDA Space.

MDA SPACE REPORTS SECOND QUARTER 2024 RESULTS

• Q2 2024 Highlights
  • Record backlog of $4.6 billion at quarter-end, up 318% YoY
  • Strong top line growth with revenues of $242.0 million, up 23% YoY
  • Solid profitability with adjusted EBITDA1 of $48.7 million, up 21% YoY, and adjusted EBITDA margin1 of 20.1%
  • Strong operating cash flow of $149.0 million and healthy balance sheet with net debt to adjusted EBITDA1 ratio of 2.0x
  • Solid adjusted net income1 of $23.4 million,
• Updated 2024 full-year financial outlook
  • Raised revenue guidance, narrowed guidance for adjusted EBITDA and capex
  • Positive free cash flow1 expected in 2024, one year ahead of plan

Brampton, Ontario (August 8, 2024) -- MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the second quarter ended June 30, 2024.

“The MDA Space team delivered a solid Q2 driven by strong execution as we continued to convert our backlog and deliver on our customer commitments,” said Mike Greenley, Chief Executive Officer of MDA Space. “With robust momentum in our end-markets, we also continue to grow our backlog, which at quarter-end stood at a record $4.6 billion. Notable awards in Q2 included a $1 billion contract from the Canadian Space Agency for the next phases of the Canadarm3 program that will see us finalizing the design and carrying out the construction of the robotic system and ground control segment.”