Tekna Holding (TEKNA) Q3 2026 earnings summary

Executive summary

• Q3 revenue was CAD 13.440m, up 61% YoY; reported EBITDA was CAD 1.881m and adjusted EBITDA CAD 2.89m, a record.

• Order intake doubled YoY to CAD 10.6m and backlog reached CAD 25.5m, supporting revenue visibility into 2027.

• Long-term targets remain double-digit annual revenue growth and 15%–20% EBITDA margins through 2030.

Financial highlights

• Q3 revenue was CAD 13.440m vs CAD 8.346m YoY; YTD revenue was CAD 34.042m vs CAD 25.726m.

• Reported EBITDA was CAD 1.881m vs CAD 0.286m; adjusted EBITDA was CAD 2.89m vs CAD 0.47m, including CAD 1.0m in restructuring and inventory write-down adjustments.

• Net loss was CAD 3.20m vs CAD 0.85m, primarily reflecting CAD 3.83m of non-cash impairment, inventory write-down and restructuring adjustments.

• Operating cash flow was CAD 5.72m and free cash flow CAD 5.62m, supported by working-capital release; cash rose CAD 4.5m QoQ to CAD 22.5m.

Outlook and guidance

• Double-digit annual revenue growth and 15%–20% EBITDA margins remain targets through 2030 for existing businesses.

• Materials orders support momentum into Q4; Systems opportunities are advancing, with further orders anticipated in coming quarters.

• Restructuring and inventory-reduction measures are expected to deliver CAD 1m in recurring annual savings.

• FY 2026 capex guidance is CAD 1.0m–1.5m, primarily for maintenance and IP; growth is targeted without significant capex.