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Tekna Holding (TEKNA) investor relations material
Tekna Holding Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved profitability inflection point in Q4 2025 with record Materials performance, positive EBITDA, and margin expansion after multi-year investments and cost optimization.
Materials business drove growth with strong order intake, expanding margins, and major wins in aerospace and defense.
Completed a fully underwritten rights issue, raising CAD 40m net, repaying shareholder loans, and ending the quarter with a strong balance sheet and net cash position.
Systems segment faced headwinds from delayed government funding and external uncertainties but showed margin recovery and new orders.
Cost and efficiency program led to a 29% headcount reduction and recurring annualized salary savings of CAD 7m.
Financial highlights
Q4 2025 revenue reached CAD 9.9m, up 2% YoY, with Materials revenue at CAD 8.0m (+7% YoY) and Systems revenue at CAD 1.8m (-16% YoY).
Adjusted EBITDA for Q4 2025 was CAD 0.9m (9% margin), up from a loss in the prior year.
Contribution margin rose to 60% overall (Materials: 59%, Systems: 62%), up from 41% YoY.
Order intake reached CAD 12.2m in Q4 (+27% YoY); backlog at year-end was CAD 20.5m (+23% YoY), with Materials backlog up 46% YoY.
Cash and cash equivalents at year-end were CAD 17.4m, up over CAD 10m from the previous quarter.
Outlook and guidance
Targeting double-digit annual revenue growth and EBITDA margins of 15–20% by 2030, with growth led by Materials.
Additive Manufacturing market expected to grow at 20% per annum, supporting long-term ambitions.
Capex for 2026 projected at CAD 1.5–2m, with focus on cost discipline and working capital reduction.
Macroeconomic trends, such as reshoring and increased defense spending, are favorable for future growth.
Innovation in nanomaterials for microelectronics remains a strategic priority.
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