Calian Group Q1 Earnings Call Highlights

• Record Q1: Revenue reached CAD 208 million with adjusted EBITDA of CAD 23 million (revenue +12% YoY, +6% organic; adjusted EBITDA +28%) and the institution closed the 4th with CAD 171 million successful caller signings and a CAD 1.4 billion backlog.

• Strategic realignment and wins: Calian simplified to 2 segments—defense and space (~two-thirds of revenue) and essential industries (~one-third)—and highlighted beardown Europe/Canada defence request positive >CAD 35 million successful abstraction contracts (including a >CAD 30M ground-station award); indispensable industries grew astir 20%, boosted by the AMS acquisition.

• Balance expanse and outlook: Q1 currency from operations was CAD 7 million, nett indebtedness was CAD 102 million (net debt/adj. EBITDA 1.2x) with ~CAD 250 million disposable liquidity; absorption reiterated guidance targeting 10–15% yearly gross maturation and double‑digit FY2026 gross and adjusted EBITDA growth, with M&A the apical superior precedence and buybacks temporarily paused.

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Calian Group (TSE:CGY) reported a grounds archetypal 4th for fiscal 2026, citing beardown request successful its defence and abstraction operations, contributions from caller acquisitions, and borderline enlargement driven successful portion by outgo optimization initiatives implemented precocious past year.

On the company’s Q1 net call, CEO Patrick Houston said gross reached CAD 208 million and adjusted EBITDA totaled CAD 23 million, some described arsenic caller first-quarter highs for Calian. Revenue accrued 12% year-over-year, including 6% integrated growth, portion adjusted EBITDA accrued 28%, lifting adjusted EBITDA borderline to 11%.

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Houston said show was fueled by “robust demand” crossed the defence and abstraction conception and respective businesses wrong indispensable industries, alongside the interaction of acquisitions and operational execution. Calian ended the 4th with CAD 171 cardinal successful caller signings and a CAD 1.4 billion backlog.

VP Finance Will Majic added that Q1 gross nett roseate to CAD 71 million from CAD 59 million a twelvemonth earlier, portion gross borderline accrued to 34.1% from 31.8%, reflecting gross growth, premix changes, and acquisition contributions.

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In Q&A, absorption characterized gross borderline arsenic taxable to immoderate seasonality tied to hardware deliveries and mix, but said it expects gross borderline to stay successful the “low to mid thirties” successful the adjacent term.

Calian besides utilized the 4th to present a simplified operating structure, moving from 4 reporting segments to two: defense and space and essential industries. Houston said the alteration is meant to amended align the institution with however customers bargain and to bring “technology, expertise, delivery, and lawsuit insights” unneurotic much effectively.