Tekna reports 18% Q2 revenue growth as aerospace and defence demand remains strong
Tekna Holding ASA, headquartered in Sherbrooke, Quebec, Canada, reported an 18% year-on-year increase in its Q2 revenue, with contribution margins above its long-term targets and a fourth consecutive quarter of positive adjusted EBITDA. Order intake was supported by a CAD 11.5 million machine order from a new US critical minerals customer.
“The second quarter of 2026 showed our strategy continuing to translate into results. We delivered strong revenue growth, contribution margins above our long-term targets in both business areas, and a fourth consecutive quarter of positive adjusted EBITDA,” stated Claude Jean, CEO of Tekna.
“Good order intake lifted our backlog to a record CAD 28.5 million, and with a solid balance sheet, we have the flexibility to scale our operations and capture future opportunities. We enter the second half of the year with momentum, financial strength, and a clear path to long-term profitable growth.”
Tekna attributed the revenue increase to demand in aerospace and defence in Materials and to order and project execution in Systems. Contribution margins improved in both business areas and exceeded the company’s respective long-term targets.
Adjusted EBITDA was CAD 1.4 million for the quarter, compared with a loss of CAD 2 million in the same period of 2025, marking a fourth consecutive positive quarter. Net income was CAD 0.1 million, compared with a CAD 3.9 million loss a year earlier.
Order intake more than doubled year-on-year, supported by the CAD 11.5 million Systems order. Tekna stated that its record CAD 28.5 million backlog extends revenue visibility into 2027 and supports production planning for the year ahead.
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.
