Calian Group Ltd. (CGY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Olivia, and good morning, everyone. Thank you for joining us for Talion's Q4 and year-end 2025 conference call. Presenting this morning are Kevin Ford, Chief Executive Officer, and Patrick Houston, Chief Financial Officer. They will present our Q4 and year-end results, as well as provide an update on defense and our future outlook. As noted on slide two, please be advised that certain information discussed today is forward-looking and subject to important risks and uncertainties. The results predicted in these statements may be materially different from actual results. As a reminder, all amounts are expressed in Canadian dollars, except as otherwise specified. With that, let me turn the call over to Kevin. Thank you, Jennifer, and good morning, everyone. I'm pleased to report that we close the year on a high note. We delivered record results, the highest revenue quarter in our 43-year history, and the second highest adjusted EBITDA and a return to positive organic growth. Following a period of slower momentum, we've turned the corner with renewed momentum. Our team's dedication and resilience have fueled a solid recovery with both revenues and adjusted EBITDA showing year-over-year growth. Our defense solutions continues to lead the way with double-digit growth, reflecting riser sector investments and our ability to convert demand into results. We finished this year with $122 million in signings, and this translated to over $1 billion in net signings this year, an increase of 48% over the previous year. Shortly after the end, we supported our sign with a large ground system project. with a leading global space company. This project will deliver four QV band antennas and is a sign of our leadership in the space ground segment. Now, I'd like to take a moment...