Tekna reports landmark year, cuts emissions 26%
Tekna Holding ASA, headquartered in Sherbrooke, Quebec, Canada, has published its 2025 Annual Report, stating revenue for the year was CA$35.6 million, a 4% decrease from CA$37.2 million in 2024. EBITDA was negative CA$3.1 million compared to negative CA$4.0 million in 2024. Adjusted EBITDA improved to negative CA$1.4 million from negative CA$6.9 million in 2024, reportedly reflecting the positive trajectory towards profitability with two consecutive EBITDA-positive quarters in the second half of the year. Tekna reported a net loss of CA$11.0 million for the period, compared to a loss of CA$11.2 million in 2024.
The Annual Report also contained the company’s Sustainability Report for 2025, including carbon accounting, EU taxonomy and human rights and transparency. In 2025, Tekna’s overall carbon emissions were down 26% to 30,898 tCO2e from 41,957 tCO2e in 2024.
“2025 was a landmark year for Tekna,” stated Claude Jean, CEO of Tekna. “We delivered strong progress and reached a profitability inflection point in the second half of the year, supported by a record materials order intake and continued cost optimisations. The Company also reached a major milestone as the first in the world to receive NADCAP accreditation for metallic powder manufacturing. We enter 2026 with clear market momentum, a stronger capital structure, and capacity and resources in place to deliver on our 2030 ambitions.”
Jean added, “We are pleased to be making meaningful progress on our sustainability commitments, and we have firmed up our intermediate targets to carbon neutrality in our own operations by 2035.”
Tekna reported that it’s financial position was significantly strengthened during the year following the successful completion of the rights issue. At year-end, the long-term debt/equity ratio improved to 0.10, compared to 1.31 at the end of 2024. Interest-bearing debt was reduced to CA$5.6 million and total non-current liabilities stood at CA$5.4 million, while the cash position was CA$17.4 million, resulting in a net cash positive position of CA$11.8 million.
Total assets amounted to CA$72.5 million. Total equity as of December 31, 2025, amounted to CA$55.9 million, with an equity ratio of 77%. The credit risk is regarded as low, given that most customers are large multinational companies.
Jean shared, “Our Materials business continues to be the engine of Tekna’s value creation. It delivered record revenues of CA$27.8 million and contribution margin of 53.2%. This performance was driven by a favourable product mix, higher selling prices for small and large powders, cost structure improvements and disciplined execution. The strong revenues were supported by an all-time high order intake of CA$33.9 million. The average revenue per Materials customer reached a new high of CA$170 000, illustrating the maturation of customer applications and repeat order programs – especially in the Aerospace & Defense and medical sectors. Our recently announced long-term partnership with Burloak Technologies – supporting the production of more than 50 000 satellite components – is just one example of how Tekna is becoming an integral part of strategic supply chains in high-growth sectors. Tekna also became the first company in the world to receive NADCAP accreditation for metallic powder manufacturing, an achievement that further solidifies our position as a global benchmark in powder quality and reliability.”
The full report is available here.
