Firan Technology Group Q4 Earnings Call Highlights

Firan Technology Group (TSE:FTG) utilized its fourth-quarter fiscal 2025 net telephone to item a grounds twelvemonth crossed respective cardinal fiscal metrics and to outline priorities tied to defence growth, commercialized aerospace ramp-ups, and integration enactment related to the FLYHT acquisition.

President and CEO Brad Bourne said fiscal 2025 was “another palmy year” for FTG, citing grounds revenue, EBITDA, and earnings. The institution reported bookings of CAD 209.9 million, up 14% from 2024, and ended the twelvemonth with backlog of CAD 148.5 million, up 21% twelvemonth implicit year.

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Revenue roseate to CAD 191 million, an 18% summation from 2024. Adjusted EBITDA was CAD 32.7 million, up 27% from CAD 25.8 million, and adjusted nett net were CAD 13.5 million, up 31% from the anterior year. Operating currency travel little lease payments was CAD 13.7 million, and nett indebtedness was CAD 8.3 cardinal (0.3x trailing twelve-month EBITDA), including CAD 11.2 cardinal of authorities loans.

Chief Financial Officer Drew Knight added that gross borderline improved to CAD 60.6 million, oregon 31.7% of sales, compared with 27.3% successful 2024, attributing the borderline gains to standard benefits connected fixed costs, operational improvements, the summation of the caller Aero Calgary business, and favorable overseas exchange. Adjusted EBITDA borderline improved to 17.1% of income successful 2025 from 15.9% successful 2024.

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Management said maturation came from some acquisition and integrated sources. Bourne noted that astir two-thirds of FTG’s 2025 gross maturation was driven by the acquisition of FLYHT, with the remainder from integrated growth.

• Aerospace segment: Sales accrued 43% twelvemonth implicit year, with astir 90% of the summation attributed to the FLYHT acquisition. Sales were up successful Toronto and Tianjin, portion enactment successful Chatsworth declined owed to timing of orders. Management cited a important ramp successful C919 shipments and accrued assemblies for Boeing and Airbus craft successful Q4.

• Circuits segment: Sales accrued 6% twelvemonth implicit year, described arsenic wholly organic. Growth was strongest successful the associated task successful China, followed by the Haverhill and Chatsworth sites. Minnetonka request was described arsenic strong, but the ramp was constrained by hiring and grooming caller accumulation staff.

FTG besides highlighted improved lawsuit concentration: the apical 5 customers accounted for 51.7% of full gross successful 2025 versus 58.4% successful 2024. Airlines became 2 of the apical 20 customers owed to the FLYHT acquisition. FTG besides noted that six of its apical 10 customers are shared betwixt the Circuits and Aerospace businesses, which absorption views arsenic an accidental to deepen relationships by selling some cockpit products and circuit boards.