MDA Space publishes Q1 2026 MD&A report for quarter ended March 31, 2026

• MDA Space Ltd. published MD&A for Q1 ended March 31, 2026, reporting revenue of CAD 464.1 million, up 32.2% year over year; adjusted EBITDA rose 32.1% to CAD 90.6 million with margin steady at 19.5%.
• Backlog ended quarter at CAD 3.69 billion versus CAD 4.01 billion at Dec. 31, 2025, reflecting conversion into revenue; order bookings totaled CAD 143.9 million.
• Satellite Systems revenue climbed 41% to CAD 313.1 million, driven by higher work volumes on Telesat Lightspeed, Globalstar next generation LEO constellation programs.
• Net income fell 10% to CAD 29.6 million as amortization of intangible assets rose to CAD 30.5 million, tied to SatixFy acquisition.
• Net cash position reached CAD 299.3 million from net debt of CAD 120 million at Dec. 31, 2025, supported by US IPO proceeds; cash ended period at CAD 544 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MDA Space Ltd. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.