Magellan Aerospace FY26 Q2 net income more than doubled to CAD 19.83 million; revenue rises 22.3% to CAD 305.58 million

Reuters2026/08/12 21:01

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Magellan Aerospace posted Q2 revenue of CAD 305.58 million, up 22.3% year over year.
Net income more than doubled to CAD 19.83 million; EPS climbed to CAD 0.35.
IFRS gross profit rose 41.6% to CAD 47.14 million; gross margin widened 2.1 percentage points to 15.4%.
Non-IFRS adjusted EBITDA more than doubled to CAD 42.98 million, helped by gross margin gains and foreign-exchange movements.
Renewed its normal course issuer bid; Middletown unit filed Chapter 11, backed by a USD 20 million debtor-in-possession credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magellan Aerospace Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260812590771) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Magellan Aerospace FY26 Q2 net income more than doubled to CAD 19.83 million; revenue rises 22.3% to CAD 305.58 million

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