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Firan Tech (TSE:FTG)
TSX:FTG
Canadian Market

Firan Tech (FTG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 15, 2026
After Close (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.1
Last Year’s EPS
0.13
Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 18, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasizes multiple positive operating and financial developments: record revenue, backlog, improved gross margins (+430 bps), strong adjusted EBITDA growth (+27%), progress integrating FLYHT with product certifications and initial deliveries, geographic diversification, and defense program qualifications with expected ramping revenue in 2026–2027. Offsetting items include tariff-driven input cost headwinds (expected in the millions in 2026), Q4 operational disruption at Toronto, higher SG&A from acquisitions (Aero‑Calgary), increased net debt from the acquisition, and near‑term ramp and hiring constraints (Minnetonka and new India site). Overall, the positives (strong top‑line and margin gains, backlog, cash flow, and strategic wins) materially outweigh the manageable operational and cost challenges described.
Company Guidance
FTG entered 2026 with record bookings of ~$210.0M and a year‑end backlog of $148.5M, of which management expects ~80% to convert to revenue in 2026; key guidance items include defense program deliveries beginning in 2026 and ramping through 2027 (program demand described in the “millions to tens of millions”), continued commercial aerospace/FLYHT ramp (Aero‑Calgary/STC activity and Edge+/SATCOM/WVSS product rollouts), and a target to scale Aero‑Calgary to profitability while mitigating U.S. tariff risk by growing non‑U.S. sales and adding international sales staff. Financial and operating targets/context cited: 2025 revenue $191M (+18%), adjusted EBITDA $32.7M (17.1% of sales, +27%), adjusted net earnings ~$13.5M, gross margin $60.6M (31.7%, +430 bps), revenue per employee $254k, net debt $8.3M (0.3x trailing‑12‑month EBITDA, incl. $11.2M government loans), operating cash flow less lease payments ~$13.7M (cash from operations $18.1M), year‑end liquidity $78M (working capital $58M + $20M unused facilities), capex $4.6M in 2025 with a long‑term target of ~3% of revenue, and working‑capital metrics AR 55 days / inventory 105 days / AP 58 days; management also expects Hyderabad aerospace site ready around Q2 2026 with ~ $2M investment and negligible 2026 revenue while pursuing continued backlog conversion and operational efficiencies.
Record Revenue and Bookings Growth
Full-year revenue of $191.0M, up 18% vs 2024; bookings of $209.9M for the year, up 14% vs 2024; year-end backlog of $148.5M, up 21% vs 2024 with ~80% expected to convert to revenue in 2026.
Strong Profitability and Margin Expansion
Adjusted EBITDA of $32.7M (17.1% of sales), up 27% vs 2024; gross margin improved to $60.6M or 31.7% of sales (up 430 bps vs 27.3% in 2024). Revenue per employee rose 6% to $254K.
Earnings Improvement (Adjusted and GAAP)
Adjusted net earnings of $13.5M in 2025 (CEO figure, +31% vs 2024). GAAP net earnings of $13.1M ($0.52 diluted), up 15.6% vs $10.8M in 2024.
Cash Flow and Balance Sheet Strength
Operating cash flow of $18.1M (up $3.6M vs 2024); capital expenditures reduced to $4.6M from $7.2M; primary sources of liquidity of $78M (working capital $58M + $20M unused credit). Net debt of $8.3M equals ~0.3x trailing 12‑month EBITDA.
Aerospace & FLYHT Integration Progress
Aerospace sales up 43% in 2025 (≈90% from FLYHT acquisition). Obtained multiple STCs for AFIRS Edge+ (B737, A320 across jurisdictions), first in‑house AFIRS Edge+ deliveries to an Asian airline, renamed FLYHT to FTG Aerospace Calgary and began licensing revenue on SATCOM radio.
Commercial and Geographic Diversification
Circuits sales up 6% (organic). U.S. customer revenue share fell to 69.9% from 78.3% in 2024; sales outside U.S. grew from $35M to >$57M. Top 5 customer concentration improved to 51.7% from 58.4%.
Defense Program Wins and Market Tailwinds
FTG Circuits qualified for two significant classified defense programs with deliveries expected to start in 2026 and ramp through 2027. Company positioned to benefit from rising NATO, U.S. and Canadian defense budgets and multiple large OEM ramp plans (Airbus, Boeing).
Operational Investments and Global Expansion
Toronto capacity expansion planned (targeting at least +30% capacity), new aerospace facility in Hyderabad, India under construction (expected Q2 2026, estimated investment ≈$2M), and manufacturing shifts (Edge+ manufacturing in Tianjin; Chatsworth manufacturing plans) to capture margins.

Firan Tech (TSE:FTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:FTG Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 15, 2026
2026 (Q1)
0.10 / -
0.13
Feb 18, 2026
2025 (Q4)
0.13 / 0.14
0.16-12.50% (-0.02)
Oct 08, 2025
2025 (Q3)
0.12 / 0.12
0.119.09% (<+0.01)
Jul 08, 2025
2025 (Q2)
0.11 / 0.14
0.1127.27% (+0.03)
Apr 09, 2025
2025 (Q1)
0.03 / 0.13
0.04225.00% (+0.09)
Feb 19, 2025
2024 (Q4)
0.10 / 0.16
0.160.00% (+0.06)
Oct 09, 2024
2024 (Q3)
0.08 / 0.11
0.0683.33% (+0.05)
Jul 10, 2024
2024 (Q2)
- / 0.11
0.0922.22% (+0.02)
Apr 11, 2024
2024 (Q1)
0.04 / 0.04
0.040.00% (0.00)
Feb 07, 2024
2023 (Q4)
0.09 / 0.10
0.05100.00% (+0.05)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:FTG Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 18, 2026
C$16.55C$17.66+6.71%
Oct 08, 2025
C$11.74C$10.75-8.43%
Jul 08, 2025
C$12.42C$11.67-6.04%
Apr 09, 2025
C$7.20C$7.46+3.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Firan Tech (TSE:FTG) report earnings?
Firan Tech (TSE:FTG) is schdueled to report earning on Apr 15, 2026, After Close (Confirmed).
    What is Firan Tech (TSE:FTG) earnings time?
    Firan Tech (TSE:FTG) earnings time is at Apr 15, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:FTG EPS forecast?
          TSE:FTG EPS forecast for the fiscal quarter 2026 (Q1) is 0.1.