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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 and cost reductions.
Q3 revenues grew 9% year-over-year to CAD 8.3 million, with materials revenue up 28% and systems revenue down 37% due to a low backlog.
Record backlog and materials order intake, with a 78% YoY surge and significant growth in aerospace and defense.
Announced a strategic partnership to supply advanced materials for over 50,000 satellite components, supporting aerospace growth.
Launched a fully underwritten rights issue and refinancing plan to strengthen the balance sheet and fund growth.
Financial highlights
Q3 adjusted EBITDA reached CAD 0.5 million (5.6% margin), a CAD 1.9 million improvement YoY.
Contribution margin increased from 45% to 58% YoY, driven by the materials segment.
Free cash flow for the quarter was CAD -0.5 million, but improved by CAD 10.1 million TTM YoY.
Net loss for Q3 was CAD -0.9 million, a significant improvement from CAD -3.7 million in Q3 2024.
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 15–20% EBITDA margin by 2030, mainly from materials for additive manufacturing.
AM market expected to grow at 18–20% CAGR through 2029; materials to be main revenue driver.
Capex for 2025 expected at CAD 1.5 million, with focus on cost control and working capital reduction.
Rights issue to repay shareholder loan and increase cash, boosting equity ratio from 28% to 77%.
Cautiously positive outlook for the rest of the year and early next year, supported by record backlog and strong order intake.
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