Ottawa, Canada, May 14, 2026--Calian Group Ltd. (TSX:CGY), a mission critical solutions company focused on defense, space, healthcare and other strategic critical infrastructure sectors, today released its results for the second quarter ended March 31, 2026. The company reported revenue up 18% to CDN $229 million, including 12% from organic and 6% from acquisitions and Adjusted EBITDA up 60% to CDN$ 28 million (margin of 12.2% versus 9.0% last year).
Q2-26 Highlights: (all amounts in Canadian dollars (CDN)
- Revenue up 18% to $229 million, including 12% from organic and 6% from acquisitions
- Gross margin increased to 35.1%, up from 33.4%
- Adjusted EBITDA1 up 60% to $28 million (margin of 12.2% versus 9.0% last year)
- Operating free cash flow1 of $21 million, representing a conversion of 77%
- New contract signings of $321 million, including over $200 million in defence
- Ending backlog of $1.5 billion, including over one billion in defence
- On February 10, 2026 Calian announced the appointment of Will Majic as Acting CFO
- On March 26, 2026, Calian increased its committed credit facility to pursue growth
"Our second quarter results mark an important inflection point for Calian as we begin to capture the benefits of strengthening demand across the defence sector," said Patrick Houston, Calian CEO. "Revenue grew 18%, including 12% organic growth, which was achieved through record-setting deliveries and a strong pace of contract signings. This solid top-line performance translated into an 60% increase in adjusted EBITDA1, which significantly outpaced revenue growth and reflects the compounded impact of higher volumes and improved operational leverage.
These results reflect early but tangible momentum in government defense spending and validate the strategic choices we have made to sharpen our operating model. With a $1.5 billion backlog, a robust acquisition pipeline, and a solid balance sheet, we are well-positioned to capture market share, deliver strong full year performance, and create lasting value for shareholders," he added.
Access the full report on the Calian Financials web page.
