Business

Calian Group reports $20.6M Q4 profit, revenue up 12 per cent from year ago

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Members of the Canadian Armed Forces conduct maintenance on their tanks at the Ādaži Military base in Ādaži, Latvia, on Wednesday, Aug. 27, 2025. THE CANADIAN PRESS/Christinne Muschi

Defence contractor Calian Group Ltd. reported a fourth-quarter profit of $20.6 million in its latest quarter as its revenue rose 12 per cent compared with a year ago.

The company says the profit amounted to $1.80 per diluted share for the quarter ended Sept. 30 compared with a loss of $568,000 or five cents per diluted share a year ago.

On an adjusted basis, Calian says it earned $1 per diluted share in its latest quarter compared with an adjusted profit of 87 cents per diluted share a year earlier.

Revenue totalled $203.2 million, up from $181.2 million in the same quarter last year.

The company’s backlog stood at $1.4 billion at Sept. 30.

Calian chief executive Kevin Ford called the fourth-quarter results a turning point for the company with revenue growth coming from both organic growth and acquisitions.

This report by The Canadian Press was first published Nov. 26, 2025.