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Calian Group ( (TSE:CGY) ) just unveiled an update.
Calian Group opened fiscal 2026 with record quarterly revenue of $208 million, up 12% year over year, driven equally by 6% organic growth and 6% from acquisitions such as Advanced Medical Solutions and InField Scientific. Strength in Defence & Space and Essential Industries, alongside a richer product mix, lifted gross margin to 34.1% and pushed adjusted EBITDA up 28% to $23 million, expanding margins and turning last year’s net loss into a $5.1 million profit.
Operating free cash flow rose to $15.8 million, enabling $2 million in capex, $18 million for acquisitions and earnouts, and $3 million in dividends, while keeping net debt to adjusted EBITDA at 1.2x and preserving balance-sheet flexibility. With $171 million in new contract signings, a $1.4 billion backlog and a new initiative via Calian Ventures to accelerate Canadian C5ISRT defence capabilities, the company is reinforcing its position in defence and space and signaling continued investment-led growth for shareholders and domestic defence stakeholders.
The most recent analyst rating on (TSE:CGY) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Calian Group stock, see the TSE:CGY Stock Forecast page.
Spark’s Take on TSE:CGY Stock
According to Spark, TipRanks’ AI Analyst, TSE:CGY is a Outperform.
Calian Group’s strong earnings call and positive growth outlook are the most significant factors driving the score. However, financial performance challenges and technical indicators suggesting overbought conditions temper the overall score.
To see Spark’s full report on TSE:CGY stock, click here.
More about Calian Group
Calian Group is a Canadian mission-critical solutions provider focused on defence, space, healthcare and other strategic critical infrastructure sectors. The company delivers defence solutions, space technologies and essential industry services, pursuing both organic growth and acquisitions to expand its presence in core markets supported by long-term contract backlogs.
Average Trading Volume: 44,290
Technical Sentiment Signal: Buy
Current Market Cap: C$769M
For a thorough assessment of CGY stock, go to TipRanks’ Stock Analysis page.