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The latest announcement is out from Calian Group ( (TSE:CGY) ).
Calian opened fiscal 2026 with record first-quarter revenue of $208 million, up 12% year over year, driven evenly by 6% organic growth and 6% from recent acquisitions including Advanced Medical Solutions and InField Scientific. Strong demand in Defence & Space and higher-margin product mix lifted gross margin to 34.1% and boosted adjusted EBITDA by 28% to $23 million, while net profit swung to $5.1 million from a loss a year earlier.
Operating free cash flow rose to $16 million, supporting $18 million in acquisition spending, $2 million in capex and $3 million in dividends, leaving net debt at 1.2 times adjusted EBITDA and maintaining balance sheet flexibility. With $171 million in new contract signings, a $1.4 billion backlog and a new initiative to accelerate Canadian C5ISRT defence capabilities through its Calian VENTURES arm, the company signaled continued growth ambitions and a strengthening position in defence and critical infrastructure markets.
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 serving defence, space, healthcare and other strategic critical infrastructure sectors. The company delivers a mix of defence solutions, space systems and essential industry services, supported by acquisitions that expand its capabilities and a growing backlog anchored in government and enterprise customers.
Average Trading Volume: 44,290
Technical Sentiment Signal: Buy
Current Market Cap: C$769M
See more data about CGY stock on TipRanks’ Stock Analysis page.