MDA SEC Filings

MDA Space Ltd. reported the results of its 2026 Annual General Meeting of Shareholders held virtually on May 7, 2026. A total of 82,059,296 common shares, representing approximately 59.180% of issued and outstanding shares, were represented.

Shareholders elected seven directors, with support levels generally above 94%, and at least 91.73% for all nominees. KPMG LLP was appointed as independent auditor with 81,964,884 votes for, or 99.89% of votes cast. An advisory resolution on MDA Space’s approach to executive compensation was also approved, receiving 73,928,932 votes for, or 94.47% of votes cast.

MDA Space Ltd. reported the results of its 2026 Annual General Meeting of Shareholders held virtually on May 7, 2026. A total of 82,059,296 common shares, representing approximately 59.180% of issued and outstanding shares, were represented.

Shareholders elected seven directors, with support levels generally above 94%, and at least 91.73% for all nominees. KPMG LLP was appointed as independent auditor with 81,964,884 votes for, or 99.89% of votes cast. An advisory resolution on MDA Space’s approach to executive compensation was also approved, receiving 73,928,932 votes for, or 94.47% of votes cast.

MDA Space delivered strong growth in Q1 2026, with revenue rising to $464.1 million from $351.0 million, driven by higher work volumes across all business areas, especially the Telesat Lightspeed and Globalstar constellation programs.

Gross profit increased to $115.2 million and gross margin improved to 24.8% from 22.7%. Adjusted EBITDA climbed to $90.6 million and adjusted diluted EPS to $0.38, both up more than 30% year-over-year, while IFRS net income was $29.6 million, slightly below last year’s $32.9 million.

Backlog stood at $3,692.7 million as of March 31, 2026, down from $4,838.4 million a year earlier as the company converted prior orders into revenue and recorded lower Q1 2026 order bookings of $143.9 million versus $803.9 million. Cash rose sharply to $544.0 million, supported by $441.5 million of net proceeds from a share issuance tied to its initial public offering and NYSE listing.

MDA Space delivered strong growth in Q1 2026, with revenue rising to $464.1 million from $351.0 million, driven by higher work volumes across all business areas, especially the Telesat Lightspeed and Globalstar constellation programs.

Gross profit increased to $115.2 million and gross margin improved to 24.8% from 22.7%. Adjusted EBITDA climbed to $90.6 million and adjusted diluted EPS to $0.38, both up more than 30% year-over-year, while IFRS net income was $29.6 million, slightly below last year’s $32.9 million.

Backlog stood at $3,692.7 million as of March 31, 2026, down from $4,838.4 million a year earlier as the company converted prior orders into revenue and recorded lower Q1 2026 order bookings of $143.9 million versus $803.9 million. Cash rose sharply to $544.0 million, supported by $441.5 million of net proceeds from a share issuance tied to its initial public offering and NYSE listing.

MDA Space Ltd. reported strong Q1 2026 growth and completed a major U.S. equity offering. Revenue rose to $464.1 million, up 32.2% from Q1 2025, with gross margin improving to 24.8%. Adjusted EBITDA increased to $90.6 million, while adjusted diluted EPS reached $0.38.

Net income was $29.6 million versus $32.9 million a year ago, mainly due to higher amortization of intangibles from acquisitions. Backlog was $3,692.7 million as the company continued converting orders into revenue. Cash climbed to $544.0 million and long‑term debt fell to $244.7 million.

During March 2026, MDA Space completed its initial public offering in the United States and NYSE listing, issuing 11,180,136 common shares at US$30.50 for net proceeds of $441.5 million. This helped move the company to a net cash position of $(299.3) million and a net debt to adjusted TTM EBITDA ratio of (0.9)x.

MDA Space Ltd. reported strong Q1 2026 growth and completed a major U.S. equity offering. Revenue rose to $464.1 million, up 32.2% from Q1 2025, with gross margin improving to 24.8%. Adjusted EBITDA increased to $90.6 million, while adjusted diluted EPS reached $0.38.

Net income was $29.6 million versus $32.9 million a year ago, mainly due to higher amortization of intangibles from acquisitions. Backlog was $3,692.7 million as the company continued converting orders into revenue. Cash climbed to $544.0 million and long‑term debt fell to $244.7 million.

During March 2026, MDA Space completed its initial public offering in the United States and NYSE listing, issuing 11,180,136 common shares at US$30.50 for net proceeds of $441.5 million. This helped move the company to a net cash position of $(299.3) million and a net debt to adjusted TTM EBITDA ratio of (0.9)x.

MDA Space Ltd. filed a Form 6-K including an addendum to its Management Information Circular, updating shareholders on board gender diversity following a recent director change. Director Alison Alfers resigned effective March 3, 2026 due to unexpected family circumstances, reducing the proportion of women on the board.

Before her resignation, three of the nine directors (33%) identified as women. Of the seven directors proposed for election at the May 7, 2026 annual meeting, two (29%) identify as women, leaving the board just below the 30% threshold expected by some Toronto Stock Exchange investors and proxy advisory firms. The company states it intends to return to at least 30% women directors by its 2027 annual shareholders’ meeting and emphasizes that gender diversity is one of several factors considered in building an effective board.

MDA Space Ltd. filed a Form 6-K as a foreign private issuer to provide an update related to shareholder communications. The filing includes a confirmation from TSX Trust Company that proxy-related materials were mailed on April 7, 2026 to registered securityholders, Non-Objecting Beneficial Owners, ESPP holders, and the company’s auditor and directors. The report is signed on behalf of MDA Space Ltd. by Chief Financial Officer Guillaume Lavoie on April 8, 2026.