Magellan Aerospace Corporation Announces Financial Results
Business Wire•10/11/2026•17:30 ET
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Key Highlights
- ➤Q3 revenue $300.6 million, up 17.6% year over year
- ➤Q3 net income $20.0 million, up 57.7% year over year
- ➤Nine-month net income $56.3 million, up 95.0% year over year
- ➤Nine-month adjusted EBITDA $118.4 million, up 51.5% year over year
- ➤Magellan and Saab signed MOU exploring Canadian Gripen manufacturing opportunities
Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2026. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Three month period endedNine month period ended September 30 September 30 Expressed in thousands of Canadian dollars, except per share amounts20262025Change20262025Change Revenue300,622255,66617.6%891,306766,35716.3% Gross Profit44,07632,62035.1%131,83099,63432.3% Net Income19,97512,66957.7%56,28228,86195.0% Net Income per Share0.350.2259.1%0.990.5194.1% Adjusted EBITDA38,49629,75429.4%118,40978,17151.5% Adjusted EBITDA per Share0.670.5228.8%2.071.3652.2%
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