MDA Space (MDA) AGM 2026 summary

Opening remarks and agenda

• Meeting held virtually, enabling broad shareholder participation and electronic voting.

• Agenda included receiving 2025 financial statements, electing directors, appointing auditor, and an advisory vote on executive compensation.

• Notice and proxy materials were distributed in accordance with legal requirements.

Financial performance review

• Achieved record revenue and adjusted EBITDA in 2025, with revenue up over 50% to CAD 1.6 billion and adjusted EBITDA up nearly 50% to CAD 324 million.

• Maintained an adjusted EBITDA margin of approximately 20%.

• Backlog grew sevenfold since 2020 to CAD 4 billion, supporting a 32% revenue CAGR, exceeding the 20%-30% target.

• Pipeline of CAD 40 billion in opportunities over the next five years, balanced between government, defense, and commercial sectors.

Board and executive committee updates

• Seven directors nominated and elected for the coming year; thanks extended to outgoing board members.

• KPMG LLP appointed as auditor until the next AGM.