Tekna reports 61% revenue growth driven by aerospace and defence demand
Tekna Holding ASA, headquartered in Sherbrooke, Quebec, Canada, has reported a 61% year-on-year increase in revenue for Q3 2026, with growth supported by sustained demand across aerospace, defence and medical applications in its Materials business, alongside order and project execution in Systems. Order intake doubled year-on-year to CAD 10.6 million (approximately $7.44 million).
“I am pleased with the progress achieved in Q3, with positive momentum in Materials, strong performance in Systems and improving margins. As we move into the fourth quarter, new Materials orders support continued positive momentum, while our ongoing site consolidation and the simplification of entities in Asia are creating a leaner cost base and a simpler operating structure, strengthening Tekna’s foundation for long-term value creation,” stated Claude Jean, CEO, Tekna.
Group revenue increased to CAD 13.4 million ($9.41 million), up from CAD 8.3 million ($5.83 million), while the company reported that its Materials revenue rose 20% to CAD 8.4 million ($5.9 million). Reported EBITDA reached a record CAD 1.9 million ($1.33 million), while adjusted EBITDA rose to CAD 2.9 million ($2.04 million).
Following a strategic review, the company also discontinued its Nano Ni/MLCC development programme and recorded CAD 3.8 million ($2.67 million) in non-cash asset impairments. Despite positive overall EBITDA, however, Tekna recorded a CAD 3.2 million ($2.25 million) quarterly net loss.
The company added that reshoring and localised manufacturing trends, materials order intake, increasing customer order sizes, and its Systems pipeline support its long-term target of double-digit annual revenue growth through 2030.
