MDA Space Posts Record 2025 Results and Expands Defence and Satellite Growth Platform
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The latest announcement is out from MDA Space Ltd ( (TSE:MDA) ).
MDA Space reported a record fiscal 2025 with revenues rising 51.2% year over year to $1.63 billion and adjusted EBITDA climbing 49.2% to $323.9 million, supported largely by strong growth in its Satellite Systems business. The company ended the year with a $4.0 billion backlog and a net debt to adjusted EBITDA ratio of 0.4x, providing revenue visibility into 2026 while maintaining a conservative balance sheet.
Management highlighted a robust $40 billion opportunity pipeline, including $10 billion tied to down-selected government work or follow-on contracts, underpinning confidence in continued growth. Strategic moves such as integrating SatixFy’s chip technology, scaling one of the largest satellite production facilities in its class for Telesat Lightspeed and Globalstar LEO constellations, and expanding defence-oriented offerings and partnerships, including the launch of defence tech arm 49North, are strengthening MDA Space’s positioning in the accelerating defence and space markets.
The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$51.00 price target. To see the full list of analyst forecasts on MDA Space Ltd stock, see the TSE:MDA Stock Forecast page.
Spark’s Take on TSE:MDA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDA is a Outperform.
The score is driven primarily by strong underlying financial performance and a constructive (but overbought) technical trend. Reaffirmed guidance and a large backlog support the outlook, while the high P/E, declining free cash flow, and EchoStar-related setbacks (termination and legal overhang) meaningfully constrain the rating.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Space Ltd
MDA Space Ltd., based in Brampton, Ontario, is a mission partner to the global space industry, providing satellite systems, Earth observation and related space technologies. The company focuses on next-generation platforms such as its AURORA, SKYMAKER and CHORUS product lines, and has expanded vertically through the acquisition of SatixFy Communications for space-grade chip technology.
Average Trading Volume: 986,373
Technical Sentiment Signal: Buy
Current Market Cap: C$5.31B
Learn more about MDA stock on TipRanks’ Stock Analysis page.
