Tekna, the Canadian maker of high-purity metal powders and induction plasma systems, reported third-quarter revenue of CAD 13.4 million, up 61% year on year. EBITDA reached CAD 1.9 million, a record for the company, driven by Materials demand from aerospace, defence and medical customers. Order intake doubled and the backlog extends revenue visibility into 2027.
What did Tekna report for the third quarter?
Revenue rose 61% to CAD 13.4 million, compared with CAD 8.3 million a year earlier. EBITDA was CAD 1.9 million, including CAD 1.0 million of non-recurring operating items. Adjusted EBITDA was CAD 2.9 million, a 21.5% margin. Free cash flow was CAD 5.6 million, against a negative CAD 0.5 million.
Orders, backlog and margin
Order intake doubled to CAD 10.6 million. The total backlog stood at CAD 25.5 million, up from CAD 18.2 million, which extends revenue visibility into 2027. Contribution margin fell to 50.7% from 57.6%, mainly because more lower-margin Materials sales entered the mix, plus the non-recurring items.
Outlook and restructuring
The company names reshoring and localized manufacturing as tailwinds for additive manufacturing and for its products. It aims for double-digit annual revenue growth through 2030. Site consolidation and simpler entities in Asia are meant to give a leaner cost base. Management presented the results in a webcast on 5 November 2026.
What it means
Powder demand from aerospace, defence and medical customers shows that qualified metal AM production is pulling volume through the supply chain, not only machine sales. For EU manufacturers this points to a supplier base that is busy, with longer order books in a segment where certified powder lots matter for qualification. The falling contribution margin suggests volume growth, not pricing power. This continues the recent titanium powder order from a US implant maker, which fits the medical demand cited here.
Frequently asked questions
What drove Tekna's record EBITDA in Q3 2026?
Sustained Materials demand from aerospace, defence and medical applications, plus strong order and project execution in Systems.
Did Tekna's margin improve?
Contribution margin fell to 50.7% from 57.6%, mainly due to a higher share of lower-margin Materials sales and non-recurring items. Adjusted EBITDA margin was 21.5%.
What is Tekna's growth target?
The company aims for double-digit annual topline growth through 2030.
