{"success":true,"data":{"pressRelease":{"id":"163632","rtpr_id":"nGNX2gX8f9-20261007","ticker":"FTG","exchange":"TSX","all_tickers":["FTG"],"title":"Firan Technology Group Corporation (“FTG”) Announces Q3 2026 Financial Results","author":"Globe Newswire","published_at":"2026-10-07T21:00:00.216Z","article_body":"TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation\n(TSX: FTG) (OTCQX: FTGFF) today announced financial results for the third\nquarter of 2026.\n\nThird Quarter Financial Highlights:\n* Bookings: $90.2 million, marking a 75% increase over Q3 2025 and a\nbook-to-bill ratio of 1.41:1\n* Backlog: The quarter-end backlog stood at $220.7 million, a 49% rise from\nthe previous year end.\n* Revenue: $64.1 million in Q3 2026, a 34.3% increase over Q3 2025.\n* Adjusted EBITDA: $15.1 million in Q3 2026, a 96.9% increase from $7.7\nmillion in Q3 2025; Adjusted EBITDA was $40.8 million for the trailing twelve\nmonths.\n* Net Earnings: $10.0 million in Q3 2026, an increase of $7.2 million from Q3\n2025.\n* Free Cash Flow: Generated $7.1M in Q3 2026.\n* Net Cash: maintained a strong balance sheet with net cash of $3.9 million,\nincluding $8.9 million of government loans. Extinguished all commercial loans\nduring Q3 2026 with cash generated from operations.\nBusiness Highlights:\n\nIn Q3 2026, the Corporation realized significant value from its ongoing\nstrategic initiatives. FTG is investing its capital in ways that will drive\nincreased shareholder returns for the future in both the near term and long\nterm. The company's achievements in Q3 2026 demonstrate this commitment,\nlaying a strong foundation for future growth as evidenced by the record\nfinancial metrics, bookings and backlog.\n* Growing FTG’s defence business: FTG Circuits qualified for two large-scale\nclassified defence programs in 2025. Significant orders have been placed for\nthese programs and deliveries have ramped up, contributing materially to sales\nand earnings in Q3 2026.\n* Operational improvements: Strategic leadership appointments made in 2025 are\ndelivering stronger operating performance and throughput.\n* Customer demand: Bookings continued at a record pace and many orders\nincluded significant pricing premiums for expedited delivery.\n* International diversification: The Corporation recently qualified with new\ncustomers in Europe and Australia, further diversifying its customer base and\nreducing exposure to global tariff risks.\n* Opening of FTG Aerospace Hyderabad: In Q3 2026, the Corporation opened its\nnew aerospace facility in Hyderabad, India. The new footprint in India reduces\nthe Corporation’s exposure to U.S. tariff risk and provides access to\nIndia’s emerging domestic aerospace and defence market.\n* FTG Circuits Toronto union agreement: In Q3 2026, a new four-year collective\nagreement with represented employees at the Corporation’s Circuits Toronto\nfacility was negotiated and ratified. The agreement expires in July 2030.\n* Appointment of new auditor: In Q3 2026, the Corporation appointed Deloitte\nLLP as its new external auditor.\nThird Quarter Financial Summary:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 \n Sales 64,096 47,737 164,135 139,340 \n Gross Margin 27,492 14,486 61,302 44,800 \n Gross Margin (%) 42.9 % 30.3% 37.3 % 32.2% \n Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 \n Adjusted Net Earnings ((1)) 10,290 2,994 18,899 9,815 \n Free Cash Flow ((1)) 7,054 4,632 14,633 7,326 \n Adjusted Earnings Per Share (Basic) 0.41 0.12 0.75 0.39 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nOperational Analysis:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 \n Revenue: \n Circuits 45,096 32,148 110,486 94,503 \n Aerospace 19,838 16,781 56,065 47,788 \n Corporate and eliminations (838 ) (1,192) (2,416 ) (2,951) \n Total revenue 64,096 47,737 164,135 139,340 \n Adjusted EBITDA ((1)): \n Circuits 10,689 5,378 21,935 17,438 \n Aerospace 3,971 2,062 9,723 6,821 \n Corporate and eliminations 466 243 1,227 502 \n Total Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 \n Adjusted Net Earnings ((1)): \n Circuits 7,616 2,276 12,819 7,675 \n Aerospace 2,756 895 6,717 2,994 \n Corporate and eliminations (82 ) (177) (637 ) (854) \n Total Adjusted Net Earnings ((1)) 10,290 2,994 18,899 9,815 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nFTG Circuits\n\nRevenue for Q3 2026 was $45.1 million, an increase of $12.9 million or 40.3%\ncompared to Q3 2025. The revenue increased primarily due to operational\nimprovements at several U.S. sites, short-term pricing premiums and $0.9\nmillion driven by favourable exchange rates. As a result of the factors noted\nabove, adjusted net earnings for Q3 2026 increased by $5.3 million to $7.6\nmillion, compared to Q3 2025.\n\nRevenue for the year-to-date period of 2026 was $110.5 million, an increase of\n$16.0 million or 16.9% as compared to 2025 due to organic growth including\nshort-term pricing premiums offset by $1.8 million of unfavourable foreign\nexchange rates.\n\nFTG Aerospace\n\nRevenue for Q3 2026 was $19.8 million, an increase of $3.0 million or 18.2%\ncompared to Q3 2025. The increase is driven by $2.2 million of organic growth,\n$0.5 million of a contract cancellation charge and $0.3 million of favourable\nforeign exchange variance. Adjusted net earnings for Q3 2026 were $2.8\nmillion, an increase of $1.9 million compared to Q3 2025 due to the above\nfactors and operational improvements.\n\nRevenue for the year-to-date period of 2026 was $56.1 million, an increase of\n$8.3 million or 17.3% as compared to 2025. Organic growth contributed $8.9\nmillion offset by $0.6 million due to unfavourable foreign exchange rates\ncompared to 2025.\n\nCEO Commentary:\n\n“Q3 2026 was an exceptional quarter for FTG,” stated Brad Bourne,\nPresident and CEO of FTG. “We exceeded the record financial performances\njust set last quarter and we saw continued operational improvements at many\nCircuits and Aerospace sites. The many strategic initiatives in 2025 have\npositioned us well to capture significant value from the current industry\ntailwinds. As we celebrate our success, we continue to see robust end-market\ndemand with record bookings and backlog and remain focused on delivering\nlong-term value to our shareholders.”\n\nAdjusted Net Earnings and EPS: \n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 Trailing \n 12 \n Months \n Net earnings to equity holders of FTG 10,000 2,768 18,520 9,415 22,182 \n Add back: \n Acquisition expenses - - - 107 - \n India startup cost 290 44 397 169 433 \n Restructuring cost - 212 - 212 - \n Income taxes related to the above items - (30) (18 ) (88) (27) \n Adjusted net earnings ((1)) 10,290 2,994 18,899 9,815 22,588 \n % of net sales 16.1 % 6.3% 11.5 % 7.0% 10.5% \n Weighted average number of common shares 25,173,390 25,173,390 25,173,390 25,088,081 25,088,081 \n Adjusted Earnings Per Share (Basic) 0.41 0.12 0.75 0.39 0.90 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nAdjusted EBITDA:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 Trailing \n 12 \n Months \n Net earnings to equity holders of FTG 10,000 2,768 18,520 9,415 22,182 \n Add back: \n Finance costs 543 755 1,796 2,110 2,424 \n Income tax expense 1,395 1,232 3,305 4,416 4,010 \n Depreciation and amortization 2,696 2,536 8,257 7,799 11,017 \n EBITDA ((1)) 14,634 7,291 31,878 23,740 39,633 \n % of net sales 22.8 % 15.3% 19.4 % 17.0% 18.4% \n Add back: \n Stock based compensation 202 136 610 533 736 \n India startup cost 290 44 397 169 433 \n Restructuring cost - 212 - 212 - \n Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 40,802 \n % of net sales 23.6 % 16.1% 20.0 % 17.8% 18.9% \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nAbout Firan Technology Group Corporation:\n\nFTG is an aerospace and defence electronics product and subsystem supplier to\ncustomers around the globe. FTG has two operating units:\n\nFTG Circuits is a manufacturer of high technology, high reliability printed\ncircuit boards. Our customers are leaders in the aviation and defence\nindustries. FTG Circuits has operations in Toronto, Ontario, Chatsworth,\nCalifornia, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill,\nMassachusetts and a joint venture in Tianjin, China.\n\nFTG Aerospace designs, certifies, manufactures and provides in-service support\nfor illuminated cockpit products, electronic assemblies and avionics products\nfor original equipment manufacturers and operators of aerospace and defence\nequipment. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta,\nChatsworth, California, Tianjin, China and Hyderabad, India.\n\nThe Corporation's shares are traded on the Toronto Stock Exchange under the\nsymbol FTG, and on the OTCQX Exchange under the symbol FTGFF.\n\nConference Call Details:\n\nFTG will host a live conference call on Thursday, October 8, 2026, at 8:30 am\n(Eastern) to discuss the financial results. The call will be chaired by Mr.\nBrad Bourne, President and CEO of FTG. Participants can join the call by\ndialing 1-289-514-5100 or 1-800-717-1738, Conference ID 96492. A replay of the\ncall will be available until November 13, 2026, and can be accessed by calling\n1-289-819-1325 or 1-800-660-6264, Playback Passcode 96492#. The replay will\nalso be available on the FTG website at www.ftgcorp.com.\n\nForward-Looking Statements:\n\nCertain statements in this press release other than statements of historical\nfact, are forward-looking statements based on certain assumptions and reflect\nthe current expectations of FTG. These statements include without limitation,\nstatements regarding the operations, business, financial condition, expected\nfinancial results, performance, prospects, opportunities, priorities, targets,\ngoals, ongoing objectives, strategies and outlook of FTG, as well as the\noutlook for North American and international economies, for the current fiscal\nyear and subsequent periods. Forward-looking statements include statements\nthat are predictive in nature, depend upon or refer to future events or\nconditions, or include words such as “expects”, “anticipates”,\n“plans”, “believes”, “estimates”, “seeks”, “considers”,\n“intends”, “targets”, “projects”, “forecasts” or negative\nversions thereof and other similar expressions, or future or conditional verbs\nsuch as “may”, “will”, “should”, “would” and “could”.\nForward-looking statements are provided for the purpose of conveying\ninformation about management’s current expectations and plans relating to\nthe future and readers are cautioned that such statements may not be\nappropriate for other purposes.\n\nFor further information please contact:\n* Bradley C. Bourne, President and CEO\nTel: (416) 299-4000 x314\nbradbourne@ftgcorp.com\n* Drew Knight, Executive Vice President, CFO, and Corporate Secretary\nTel: (416) 299-4000 x264\ndrewknight@ftgcorp.com\nHead Office: 250 Finchdene Square, Toronto, Ontario, M1X 1A5\n\nAdditional information can be found at the Corporation’s website\nwww.ftgcorp.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8db6860a-099a-4788-9f07-c489ee4a94c6)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2gX8f9-20261007","title":"Firan Technology Group Corporation (“FTG”) Announces Q3 2026 Financial Results","author":"Globe Newswire","ticker":"FTG","created":"2026-10-07T21:00:00.216Z","tickers":["FTG"],"exchange":"TSX","article_body":"TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation\n(TSX: FTG) (OTCQX: FTGFF) today announced financial results for the third\nquarter of 2026.\n\nThird Quarter Financial Highlights:\n* Bookings: $90.2 million, marking a 75% increase over Q3 2025 and a\nbook-to-bill ratio of 1.41:1\n* Backlog: The quarter-end backlog stood at $220.7 million, a 49% rise from\nthe previous year end.\n* Revenue: $64.1 million in Q3 2026, a 34.3% increase over Q3 2025.\n* Adjusted EBITDA: $15.1 million in Q3 2026, a 96.9% increase from $7.7\nmillion in Q3 2025; Adjusted EBITDA was $40.8 million for the trailing twelve\nmonths.\n* Net Earnings: $10.0 million in Q3 2026, an increase of $7.2 million from Q3\n2025.\n* Free Cash Flow: Generated $7.1M in Q3 2026.\n* Net Cash: maintained a strong balance sheet with net cash of $3.9 million,\nincluding $8.9 million of government loans. Extinguished all commercial loans\nduring Q3 2026 with cash generated from operations.\nBusiness Highlights:\n\nIn Q3 2026, the Corporation realized significant value from its ongoing\nstrategic initiatives. FTG is investing its capital in ways that will drive\nincreased shareholder returns for the future in both the near term and long\nterm. The company's achievements in Q3 2026 demonstrate this commitment,\nlaying a strong foundation for future growth as evidenced by the record\nfinancial metrics, bookings and backlog.\n* Growing FTG’s defence business: FTG Circuits qualified for two large-scale\nclassified defence programs in 2025. Significant orders have been placed for\nthese programs and deliveries have ramped up, contributing materially to sales\nand earnings in Q3 2026.\n* Operational improvements: Strategic leadership appointments made in 2025 are\ndelivering stronger operating performance and throughput.\n* Customer demand: Bookings continued at a record pace and many orders\nincluded significant pricing premiums for expedited delivery.\n* International diversification: The Corporation recently qualified with new\ncustomers in Europe and Australia, further diversifying its customer base and\nreducing exposure to global tariff risks.\n* Opening of FTG Aerospace Hyderabad: In Q3 2026, the Corporation opened its\nnew aerospace facility in Hyderabad, India. The new footprint in India reduces\nthe Corporation’s exposure to U.S. tariff risk and provides access to\nIndia’s emerging domestic aerospace and defence market.\n* FTG Circuits Toronto union agreement: In Q3 2026, a new four-year collective\nagreement with represented employees at the Corporation’s Circuits Toronto\nfacility was negotiated and ratified. The agreement expires in July 2030.\n* Appointment of new auditor: In Q3 2026, the Corporation appointed Deloitte\nLLP as its new external auditor.\nThird Quarter Financial Summary:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 \n Sales 64,096 47,737 164,135 139,340 \n Gross Margin 27,492 14,486 61,302 44,800 \n Gross Margin (%) 42.9 % 30.3% 37.3 % 32.2% \n Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 \n Adjusted Net Earnings ((1)) 10,290 2,994 18,899 9,815 \n Free Cash Flow ((1)) 7,054 4,632 14,633 7,326 \n Adjusted Earnings Per Share (Basic) 0.41 0.12 0.75 0.39 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nOperational Analysis:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 \n Revenue: \n Circuits 45,096 32,148 110,486 94,503 \n Aerospace 19,838 16,781 56,065 47,788 \n Corporate and eliminations (838 ) (1,192) (2,416 ) (2,951) \n Total revenue 64,096 47,737 164,135 139,340 \n Adjusted EBITDA ((1)): \n Circuits 10,689 5,378 21,935 17,438 \n Aerospace 3,971 2,062 9,723 6,821 \n Corporate and eliminations 466 243 1,227 502 \n Total Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 \n Adjusted Net Earnings ((1)): \n Circuits 7,616 2,276 12,819 7,675 \n Aerospace 2,756 895 6,717 2,994 \n Corporate and eliminations (82 ) (177) (637 ) (854) \n Total Adjusted Net Earnings ((1)) 10,290 2,994 18,899 9,815 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nFTG Circuits\n\nRevenue for Q3 2026 was $45.1 million, an increase of $12.9 million or 40.3%\ncompared to Q3 2025. The revenue increased primarily due to operational\nimprovements at several U.S. sites, short-term pricing premiums and $0.9\nmillion driven by favourable exchange rates. As a result of the factors noted\nabove, adjusted net earnings for Q3 2026 increased by $5.3 million to $7.6\nmillion, compared to Q3 2025.\n\nRevenue for the year-to-date period of 2026 was $110.5 million, an increase of\n$16.0 million or 16.9% as compared to 2025 due to organic growth including\nshort-term pricing premiums offset by $1.8 million of unfavourable foreign\nexchange rates.\n\nFTG Aerospace\n\nRevenue for Q3 2026 was $19.8 million, an increase of $3.0 million or 18.2%\ncompared to Q3 2025. The increase is driven by $2.2 million of organic growth,\n$0.5 million of a contract cancellation charge and $0.3 million of favourable\nforeign exchange variance. Adjusted net earnings for Q3 2026 were $2.8\nmillion, an increase of $1.9 million compared to Q3 2025 due to the above\nfactors and operational improvements.\n\nRevenue for the year-to-date period of 2026 was $56.1 million, an increase of\n$8.3 million or 17.3% as compared to 2025. Organic growth contributed $8.9\nmillion offset by $0.6 million due to unfavourable foreign exchange rates\ncompared to 2025.\n\nCEO Commentary:\n\n“Q3 2026 was an exceptional quarter for FTG,” stated Brad Bourne,\nPresident and CEO of FTG. “We exceeded the record financial performances\njust set last quarter and we saw continued operational improvements at many\nCircuits and Aerospace sites. The many strategic initiatives in 2025 have\npositioned us well to capture significant value from the current industry\ntailwinds. As we celebrate our success, we continue to see robust end-market\ndemand with record bookings and backlog and remain focused on delivering\nlong-term value to our shareholders.”\n\nAdjusted Net Earnings and EPS: \n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 Trailing \n 12 \n Months \n Net earnings to equity holders of FTG 10,000 2,768 18,520 9,415 22,182 \n Add back: \n Acquisition expenses - - - 107 - \n India startup cost 290 44 397 169 433 \n Restructuring cost - 212 - 212 - \n Income taxes related to the above items - (30) (18 ) (88) (27) \n Adjusted net earnings ((1)) 10,290 2,994 18,899 9,815 22,588 \n % of net sales 16.1 % 6.3% 11.5 % 7.0% 10.5% \n Weighted average number of common shares 25,173,390 25,173,390 25,173,390 25,088,081 25,088,081 \n Adjusted Earnings Per Share (Basic) 0.41 0.12 0.75 0.39 0.90 \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nAdjusted EBITDA:\n\n (in thousands of dollars except per share amounts) Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 Trailing \n 12 \n Months \n Net earnings to equity holders of FTG 10,000 2,768 18,520 9,415 22,182 \n Add back: \n Finance costs 543 755 1,796 2,110 2,424 \n Income tax expense 1,395 1,232 3,305 4,416 4,010 \n Depreciation and amortization 2,696 2,536 8,257 7,799 11,017 \n EBITDA ((1)) 14,634 7,291 31,878 23,740 39,633 \n % of net sales 22.8 % 15.3% 19.4 % 17.0% 18.4% \n Add back: \n Stock based compensation 202 136 610 533 736 \n India startup cost 290 44 397 169 433 \n Restructuring cost - 212 - 212 - \n Adjusted EBITDA ((1)) 15,126 7,683 32,885 24,761 40,802 \n % of net sales 23.6 % 16.1% 20.0 % 17.8% 18.9% \n\n(1) Measures not recognized under International Financial Reporting Standards\n(“IFRS”). Management believes that these measures are important to many of\nthe Corporation’s shareholders, creditors and other stakeholders. The\nCorporation’s method of calculating these non-IFRS measures may differ from\nother corporations and accordingly may not be comparable to measures used by\nother corporations. See Management’s Discussion and Analysis for\nreconciliations of non-IFRS measures.\n\nAbout Firan Technology Group Corporation:\n\nFTG is an aerospace and defence electronics product and subsystem supplier to\ncustomers around the globe. FTG has two operating units:\n\nFTG Circuits is a manufacturer of high technology, high reliability printed\ncircuit boards. Our customers are leaders in the aviation and defence\nindustries. FTG Circuits has operations in Toronto, Ontario, Chatsworth,\nCalifornia, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill,\nMassachusetts and a joint venture in Tianjin, China.\n\nFTG Aerospace designs, certifies, manufactures and provides in-service support\nfor illuminated cockpit products, electronic assemblies and avionics products\nfor original equipment manufacturers and operators of aerospace and defence\nequipment. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta,\nChatsworth, California, Tianjin, China and Hyderabad, India.\n\nThe Corporation's shares are traded on the Toronto Stock Exchange under the\nsymbol FTG, and on the OTCQX Exchange under the symbol FTGFF.\n\nConference Call Details:\n\nFTG will host a live conference call on Thursday, October 8, 2026, at 8:30 am\n(Eastern) to discuss the financial results. The call will be chaired by Mr.\nBrad Bourne, President and CEO of FTG. Participants can join the call by\ndialing 1-289-514-5100 or 1-800-717-1738, Conference ID 96492. A replay of the\ncall will be available until November 13, 2026, and can be accessed by calling\n1-289-819-1325 or 1-800-660-6264, Playback Passcode 96492#. The replay will\nalso be available on the FTG website at www.ftgcorp.com.\n\nForward-Looking Statements:\n\nCertain statements in this press release other than statements of historical\nfact, are forward-looking statements based on certain assumptions and reflect\nthe current expectations of FTG. These statements include without limitation,\nstatements regarding the operations, business, financial condition, expected\nfinancial results, performance, prospects, opportunities, priorities, targets,\ngoals, ongoing objectives, strategies and outlook of FTG, as well as the\noutlook for North American and international economies, for the current fiscal\nyear and subsequent periods. Forward-looking statements include statements\nthat are predictive in nature, depend upon or refer to future events or\nconditions, or include words such as “expects”, “anticipates”,\n“plans”, “believes”, “estimates”, “seeks”, “considers”,\n“intends”, “targets”, “projects”, “forecasts” or negative\nversions thereof and other similar expressions, or future or conditional verbs\nsuch as “may”, “will”, “should”, “would” and “could”.\nForward-looking statements are provided for the purpose of conveying\ninformation about management’s current expectations and plans relating to\nthe future and readers are cautioned that such statements may not be\nappropriate for other purposes.\n\nFor further information please contact:\n* Bradley C. Bourne, President and CEO\nTel: (416) 299-4000 x314\nbradbourne@ftgcorp.com\n* Drew Knight, Executive Vice President, CFO, and Corporate Secretary\nTel: (416) 299-4000 x264\ndrewknight@ftgcorp.com\nHead Office: 250 Finchdene Square, Toronto, Ontario, M1X 1A5\n\nAdditional information can be found at the Corporation’s website\nwww.ftgcorp.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8db6860a-099a-4788-9f07-c489ee4a94c6)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-07T21:00:00.267220109Z","server_sent_at_ms":1791406800267},"received_at":"2026-10-07T21:00:00.455Z","source_url":null},"analysis":{"id":"152083","press_release_id":"163632","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"Firan Technology Group reported Q3 2026 revenue of $64.1 million, up 34.3% year-over-year, with record bookings of $90.2 million and a 1.41:1 book-to-bill ratio.\n\nAdjusted EBITDA nearly doubled to $15.1 million and adjusted EPS rose to $0.41 from $0.12, while net earnings reached $10.0 million and the company extinguished all commercial loans.\n\nGrowth was driven by ramping classified defence program orders at FTG Circuits, expedited-delivery pricing premiums, and the new Hyderabad aerospace facility that reduces U.S. tariff exposure.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Defence-driven inflection: 75% bookings growth and near-doubling of EBITDA with net-cash balance sheet."},"keyFigures":{"eps":"0.41 (adjusted, basic, non-IFRS)","revenue":64096000,"revenueYoy":"34.3%","customDimensions":{"fcf":7054000,"backlog":220700000,"bookings":90200000,"net_cash":3900000,"book_to_bill":"1.41:1","net_earnings":10000000,"adjusted_ebitda":15126000,"gross_margin_pct":"42.9%","adjusted_ebitda_yoy":"96.9%","backlog_yoy_vs_year_end":"49%"}},"quotedText":"Q3 2026 was an exceptional quarter for FTG","namedEntities":{"people":[{"name":"Brad Bourne","role":"President and CEO"},{"name":"Drew Knight","role":"Executive Vice President, CFO, and Corporate Secretary"}],"products":["FTG Circuits","FTG Aerospace"],"companies":[{"name":"Firan Technology Group Corporation","ticker":"FTG","relationship":"filer"},{"name":"Deloitte LLP","relationship":"new external auditor"}],"dollarAmounts":[{"amount":"$90.2 million","context":"Q3 2026 bookings"},{"amount":"$220.7 million","context":"quarter-end backlog"},{"amount":"$64.1 million","context":"Q3 2026 revenue"},{"amount":"$15.1 million","context":"Q3 2026 Adjusted EBITDA"},{"amount":"$10.0 million","context":"Q3 2026 net earnings"},{"amount":"$7.1M","context":"Q3 2026 free cash flow"},{"amount":"$3.9 million","context":"net cash at quarter end"}]},"materialImpact":{"score":4,"reasoning":"Revenue up 34.3% YoY, adjusted EPS more than tripled ($0.41 vs $0.12), Adjusted EBITDA nearly doubled, and record bookings of $90.2M imply a 1.41:1 book-to-bill. No consensus figures stated, so no >10% surprise score of 5, but this is a major beat-and-accelerate quarter."},"tickerRelevance":{"others":[{"ticker":"FTGFF","relevance":"OTCQX listing of the same issuer"}],"primary":"FTG"},"globalImportance":38,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"listings":["TSX: FTG","OTCQX: FTGFF"],"tickerTier":"small-cap","eventGravity":"major earnings beat with record bookings/backlog","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Firan Technology Group reported Q3 2026 revenue of $64.1 million, up 34.3% year-over-year, with record bookings of $90.2 million and a 1.41:1 book-to-bill ratio.\n\nAdjusted EBITDA nearly doubled to $15.1 million and adjusted EPS rose to $0.41 from $0.12, while net earnings reached $10.0 million and the company extinguished all commercial loans.\n\nGrowth was driven by ramping classified defence program orders at FTG Circuits, expedited-delivery pricing premiums, and the new Hyderabad aerospace facility that reduces U.S. tariff exposure.","key_figures":{"eps":"0.41 (adjusted, basic, non-IFRS)","revenue":64096000,"revenueYoy":"34.3%","customDimensions":{"fcf":7054000,"backlog":220700000,"bookings":90200000,"net_cash":3900000,"book_to_bill":"1.41:1","net_earnings":10000000,"adjusted_ebitda":15126000,"gross_margin_pct":"42.9%","adjusted_ebitda_yoy":"96.9%","backlog_yoy_vs_year_end":"49%"}},"named_entities":{"people":[{"name":"Brad Bourne","role":"President and CEO"},{"name":"Drew Knight","role":"Executive Vice President, CFO, and Corporate Secretary"}],"products":["FTG Circuits","FTG Aerospace"],"companies":[{"name":"Firan Technology Group Corporation","ticker":"FTG","relationship":"filer"},{"name":"Deloitte LLP","relationship":"new external auditor"}],"dollarAmounts":[{"amount":"$90.2 million","context":"Q3 2026 bookings"},{"amount":"$220.7 million","context":"quarter-end backlog"},{"amount":"$64.1 million","context":"Q3 2026 revenue"},{"amount":"$15.1 million","context":"Q3 2026 Adjusted EBITDA"},{"amount":"$10.0 million","context":"Q3 2026 net earnings"},{"amount":"$7.1M","context":"Q3 2026 free cash flow"},{"amount":"$3.9 million","context":"net cash at quarter end"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T21:00:07.218Z","global_importance":38,"audience_relevance":30,"importance_components":{"listings":["TSX: FTG","OTCQX: FTGFF"],"tickerTier":"small-cap","eventGravity":"major earnings beat with record bookings/backlog","retailFavoriteBoost":0}},"durationMs":6743,"modelName":"glm-5.3-flashx"}}