Magellan Aerospace FY26 Q2 net income more than doubled to CAD 19.83 million; revenue rises 22.3% to CAD 305.58 million

• Magellan Aerospace posted Q2 revenue of CAD 305.58 million, up 22.3% year over year.
• Net income more than doubled to CAD 19.83 million; EPS climbed to CAD 0.35.
• IFRS gross profit rose 41.6% to CAD 47.14 million; gross margin widened 2.1 percentage points to 15.4%.
• Non-IFRS adjusted EBITDA more than doubled to CAD 42.98 million, helped by gross margin gains and foreign-exchange movements.
• Renewed its normal course issuer bid; Middletown unit filed Chapter 11, backed by a USD 20 million debtor-in-possession credit facility.

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