Baylin Q2 FY26 turns to net loss of C$3.2 million; revenue slips to C$22 million

• Baylin Technologies posted Q2 revenue of CAD 22 million, down 2.22% from a year earlier, on softer Satcom conditions.
• Net results swung to a loss of CAD 3.2 million, or CAD 0.03 per share, from a profit of CAD 1 million, or CAD 0.01 per share.
• Gross margin rose 0.8 percentage points to 47.1%, helped by CAD 1.3 million of IEEPA tariff refunds recognized in cost of sales.
• Backlog more than doubled to CAD 61 million, driven by the Kaelus acquisition and higher Satcom order intake.
• Leighton Carroll said Baylin is focused on converting the record backlog into revenue and earnings while integrating Kaelus.

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