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  • Firan Technology Group Sees 23% Revenue Jump, Net Earnings Triple in Q1

Firan Technology Group Sees 23% Revenue Jump, Net Earnings Triple in Q1

Published: 11 April 2025
 by Ryann Howard

TORONTO – Firan Technology Group posted first-quarter revenue of C$42.9 million ($31.8 million), up 23% from the previous year.

Adjusted net earnings rose 214% to C$3.3 million ($2.4M), while adjusted EBITDA nearly doubled to C$8.4 million. Bookings surged 37% to $51.5 M, pushing backlogs to $142.5 million.

Capital expenditures for the quarter totaled C$6.6 million. Business highlights included the acquisition of FLYHT Aerospace and a contract win with De Havilland Canada.

Guidance was not provided.

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