Home / Business and Economy / Calian Group Revenue Soars 20% to Record Highs
Calian Group Revenue Soars 20% to Record Highs
15 Aug
Summary
- Revenue surged 20% to CAD 230 million, with organic growth at 16%.
- Adjusted EBITDA rose 35% to CAD 26 million, margin improving to 11.1%.
- New 15-year Raytheon UK agreement adds CAD 300 million in contracted revenue.
Calian Group achieved record third-quarter fiscal 2026 financial results, with revenue climbing 20% to CAD 230 million.
This performance was bolstered by a robust 16% organic growth, marking the highest level in several years. Adjusted EBITDA saw a significant increase of 35%, reaching CAD 26 million, with the EBITDA margin expanding to 11.1%.
The company's defense and space portfolio demonstrated strong performance, contributing substantially to the revenue growth. CEO Patrick Houston highlighted the securing of CAD 168 million in new contract signings during the quarter.
Looking ahead, Calian's pro forma backlog is nearing CAD 1.6 billion, with a significant portion, approximately CAD 1.3 billion, related to defense. The company is on track for a second consecutive year of bookings exceeding CAD 1 billion.
A key development was the announcement of a 15-year agreement with Raytheon UK. This contract, set to commence in October 2026 following the conclusion of Project NUMIDIAN, includes nearly CAD 300 million in base revenue over its term and will support the British Army's collective training program.
