(All amounts in release are in Canadian dollars) OTTAWA, Ontario, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a mission critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today released its results for the first quarter ended December 31, 2025. "Building on last quarter's momentum, we opened the year strong with revenue up 12%, including 6% organic growth," said Patrick Houston, Calian CEO. "Growth was fueled by sustained ...

Core Insights - Calian Group Ltd. reported a significant turnaround in Q4 2025, with revenues increasing by 12%, attributed to a balanced mix of 6% organic growth and 6% from acquisitions [2][9] - The company achieved a 15% growth in its defence solutions segment, indicating strong performance in its core business areas [2][6] - For the full fiscal year 2025, Calian maintained a double-digit adjusted EBITDA margin of 10.1%, despite a 15% decline in adjusted EBITDA primarily due to the performance of the ITCS segment [3][5] Financial Highlights - Q4 2025 revenues reached $203.2 million, up from $181.2 million in Q4 2024, marking a 12% increase [5][9] - Full year revenues for 2025 totaled $774.1 million, a 4% increase from $746.6 million in 2024 [5][6] - Adjusted EBITDA for Q4 2025 was $24.3 million, a 2% increase year-over-year, with an adjusted EBITDA margin of 11.9% [5][10] - The adjusted net profit for Q4 2025 was $11.5 million, or $1.00 per diluted share, reflecting a 10% increase from $10.5 million, or $0.87 per diluted share, in Q4 2024 [5][11] Operational Developments - The company has a robust backlog of $1.4 billion, which positions it well for growth in fiscal year 2026 [4][12] - Calian launched Calian VENTURES to support the growth of Canadian Defence SMEs and partners, indicating a strategic focus on enhancing its defence capabilities [17] - The acquisition of InField Scientific, completed in October 2025, expands Calian's defence portfolio and enhances its electromagnetic solutions capabilities [15] Debt and Cash Flow - Calian renewed and expanded its debt agreement to a total of $350 million, providing financial flexibility for future investments [16] - Operating free cash flow for Q4 2025 was $17 million, representing a conversion rate of 72% [6][35] - The net debt to adjusted EBITDA ratio stood at 1.1x as of September 30, 2025, indicating a manageable level of debt relative to earnings [36]

Core Insights - Calian Group Ltd. reported mixed results for Q2 2025, with growth in defense solutions but challenges in the ITCS segment [2][4] - The company has withdrawn its guidance due to economic and geopolitical uncertainties, despite a strong backlog and optimism around defense spending [4][7] Financial Highlights - Revenue decreased by 4% year-over-year to $194 million, with a slight organic growth decline of 8% primarily in the ITCS segment [8][24] - Adjusted EBITDA fell by 36% to $17 million, with an adjusted EBITDA margin of 9.0%, down from 13.5% in the previous year [9][31] - Adjusted net profit decreased by 42% to $11.1 million, with adjusted EPS diluted at $0.93, down from $1.58 [10][31] Operational Performance - The defense solutions segment grew by 13%, reflecting increased global security needs [2][7] - The company achieved strong signings of $248 million during the quarter [7] - Operating free cash flow was reported at $10 million, representing a 56% conversion rate from adjusted EBITDA [12][32] Strategic Developments - Calian completed the acquisition of Advanced Medical Solutions (AMS), enhancing its healthcare service capabilities in Northern Canada [18][19] - The company plans to repurchase up to 6% of its public float in FY25 as part of its normal course issuer bid [14][7] Leadership Changes - Major-General (Ret.) Roch Pelletier was appointed as the new Regional Vice President for Global Defence & Security, aimed at driving growth in the defense sector [15] - Eric Demirian was appointed to the Board of Directors, bringing extensive experience from various public and private companies [16]