Calian Group (TSE:CGY) Announces Quarterly Earnings Results

Posted by Geri Gentry on May 15th, 2026

Calian Group (TSE:CGY – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$1.30 earnings per share for the quarter, FiscalAI reports. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. The firm had revenue of C$228.70 million during the quarter.

Here are the key takeaways from Calian Group’s conference call:

Calian said Q2 was a clear inflection point, with revenue up 18% to a record CAD 229 million and adjusted EBITDA up 60%, showing strong operating leverage and improving execution.
The company booked CAD 321 million of new contracts in the quarter and ended with a CAD 1.5 billion backlog, including more than CAD 1 billion in defense backlog, providing strong visibility into future growth.
Defense & Space continued to lead performance with 15% revenue growth, driven by technology solutions and broad demand in Canada and Europe, while management highlighted rising defense budgets and stronger procurement activity as a major tailwind.
Essential Industries posted 25% revenue growth and management expects margin expansion to continue, targeting high single-digit margins in the segment by the end of FY 2026.
Cash flow from operations was only CAD 1 million due to higher working capital needs, but operating free cash flow rose 119% to CAD 21 million, and the company expects receivables to normalize in coming quarters.

Calian Group Trading Down 3.5%

CGY traded down C$2.89 during trading on Friday, reaching C$79.35. 17,379 shares of the company’s stock were exchanged, compared to its average volume of 46,204. The company’s fifty day moving average price is C$74.16 and its 200-day moving average price is C$64.74. The company has a debt-to-equity ratio of 64.10, a quick ratio of 1.20 and a current ratio of 1.65. Calian Group has a fifty-two week low of C$37.70 and a fifty-two week high of C$85.16. The firm has a market capitalization of C$905.70 million, a PE ratio of 34.80, a P/E/G ratio of 2.50 and a beta of 0.92.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Calian Group’s payout ratio is currently 49.12%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CGY shares. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Acumen Capital boosted their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Calian Group from C$65.00 to C$76.00 in a research report on Friday, February 13th. Finally, Ventum Financial boosted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$76.83.

Read Our Latest Stock Report on Calian Group

Calian Group Company Profile

(Get Free Report)

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.