MDA Space Ltd. reported third quarter 2025 revenues of $409.8 million, representing a 45% year-over-year increase. Adjusted EBITDA was $82.8 million, up 49% compared to the same period last year, with an adjusted EBITDA margin of 20.2%. Adjusted net income reached $46.1 million, a 33% increase year-over-year, and adjusted diluted EPS was $0.35, up 25%. The company ended the quarter with a backlog of $4.4 billion, providing revenue visibility for 2025 and beyond. Net debt at quarter-end was $93.6 million, with a net debt to last twelve months adjusted EBITDA ratio of 0.3x. During the quarter, MDA Space Ltd. completed the acquisition of SatixFy Communications Ltd. The company reaffirmed its full-year 2025 outlook, expecting revenues between $1.57 and $1.63 billion, and adjusted EBITDA between $305 and $320 million.