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Tekna Holding (TEKNA) investor relations material
Tekna Holding Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first profitable and EBITDA-positive quarter since IPO, driven by strong materials performance, cost reductions, and a record backlog in aerospace and defense.
Positioned for double-digit growth and 15%-20% EBITDA margin by 2030, with a fully funded business plan post-rights issue.
Focused on additive manufacturing powders and plasma systems, with significant market share and a strategic partnership for over 50,000 satellite components.
Announced a fully underwritten rights issue and refinancing plan to strengthen the balance sheet and fund growth.
Launched cost and efficiency program, reducing headcount by 26% and operating costs by over CAD 1.5 million.
Financial highlights
Q3 revenues up 9% year-over-year to CAD 8.3 million, with materials revenue up 28% and systems revenue down 37%.
Adjusted EBITDA reached CAD 500,000 (5.6% margin), marking a return to profitability and a CAD 1.9 million improvement YoY.
Contribution margin rose to 58% (from 45% last year), with materials margin up from 33% to 58%.
Free cash flow for the quarter was CAD -0.5 million, but improved by CAD 10.1 million TTM YoY.
Cash position at quarter-end was CAD 7.2 million, with pro-forma liquidity of CAD 27 million post-refinancing.
Outlook and guidance
Targeting double-digit annual revenue growth and EBITDA margins of 15–20% by 2030, mainly from materials for additive manufacturing.
2025 expected to post similar growth, with focus on recurring production customers and strong order intake.
Cautiously positive outlook for the rest of the year and early next year, supported by record backlog and defense sector trends.
Anticipates full qualification for advanced MLCC powders in 2026; delays in powder qualification may impact timing of new revenue streams.
Capex for 2025 expected at CAD 1.5 million, with continued focus on cost control and working capital reduction.
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