Aankondiging • Jun 26
Calian Group Ltd. (TSX:CGY) entered into a share purchase agreement to acquire Galaxy Broadband Communications, Inc. from Crown Capital Partners Inc. (TSX:CRWN) for CAD 51.5 million. Calian Group Ltd. (TSX:CGY) entered into a share purchase agreement to acquire Galaxy Broadband Communications, Inc. from Crown Capital Partners Inc. (TSX:CRWN) for CAD 51.5 million on June 25, 2026. The total consideration is of CAD $51.5 million, comprised of: $24.0 million payable in cash at closing, subject to a 1 year, 10% holdback to deal with post closing adjustments if any; and up to an additional $27.5 million in consideration payable over the three years following closing subject to the financial performance of Galaxy.
The Galaxy Transaction is expected to close in August 2026, subject to the satisfaction or waiver of customary closing conditions and the approval of Crown's Debentureholders. There can be no assurance that the Galaxy Transaction will be completed on the terms described herein, or at all. Crown intends to apply the net proceeds of the Galaxy Transaction to the repayment of its senior credit facility and senior subordinated debentures, to pay the interest which was due on December 31, 2025 on its Debentures, and to fund other obligations of the Corporation. The additional consideration payable in future years, together with activities to maximize the value of remaining assets, is expected to provide liquidity to satisfy other obligations of the Corporation and to realize value for shareholders. Board Change • Jun 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jake Jacobson was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €49.80, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 33% over the past three years. Declared Dividend • May 20
Second quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 4.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jake Jacobson was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 15
Calian Group Ltd. Declares Quarterly Dividend, Payable on June 10, 2026 On May 13, 2026, Calian Group Ltd. declared a quarterly dividend of $0.28 per share. The dividend is payable June 10, 2026, to shareholders of record as of May 27, 2026. Dividends paid by the Company are considered “eligible dividend” for tax purposes. Aankondiging • Mar 27
Calian Group Ltd. Announces Resignation of Derek Clark as President Calian Group Ltd. announced that Derek Clark, President of the company’s Essential Industries business unit, will be leaving the Company to pursue a new opportunity. The Essential Industries business continues to be supported by a strong and experienced leadership team, with Vice Presidents across the divisions working together to maintain continuity as the Company undertakes a search for a new President. Aankondiging • Feb 24
Calian Group Ltd. Appoints Will Majic as Acting Chief Financial Officer, Effective from February 23, 2026 Calian Group Ltd. announced the appointment of Will Majic as acting Chief Financial Officer, effective February 23, 2026. Will Majic joined Calian in 2017 and has served as Vice President, Finance, Director of Finance, and Controller. He holds a Bachelor of Commerce from Carleton University, graduating with honours in accounting, and is a Chartered Professional Accountant. Majic has led finance due diligence and integration for 19 acquisitions, supported two equity financings totaling $150 million, and played a key role in establishing a $350 million syndicated credit facility. He also led enterprise-wide ERP implementation and enhanced internal controls, reporting standards and cash flow management to support the company’s expanding operations. During his tenure, Calian's annual revenue grew from approximately $275 million to over $750 million. He has led finance due diligence and integration for 19 acquisitions, supported two equity financings totaling $150 million, and played a key role in establishing a $350 million syndicated credit facility. He also led enterprise-wide ERP implementation and enhanced internal controls, reporting standards and cash flow management to support the company’s expanding operations. A Chartered Professional Accountant, Majic holds a Bachelor of Commerce from Carleton University, graduating with honours in accounting. Aankondiging • Feb 13
Calian Group Ltd. Announces Board Changes Calian Group Ltd., at its annual meeting of shareholders held on February 12, 2026, appointed David 'Jake' Jacobson as directors of the company. The Board of Directors has appointed Valerie Sorbie as Chair of the Board, effective February 12, 2026. Aankondiging • Feb 12
Calian Group Ltd. Declares Quarterly Dividend, Payable March 11, 2026 Calian Group Ltd. declared a quarterly dividend of $0.28 per share. The dividend is payable March 11, 2026, to shareholders of record as of February 25, 2026. Dividends paid by the Company are considered “eligible dividend” for tax purposes. Aankondiging • Jan 30
Calian Group Ltd. to Report Q1, 2026 Results on Feb 12, 2026 Calian Group Ltd. announced that they will report Q1, 2026 results Pre-Market on Feb 12, 2026 Aankondiging • Nov 27
Calian Group Ltd. Declares Quarterly Dividend, Payable on December 23, 2025 On November 25, 2025, Calian Group Ltd. declared a quarterly dividend of $0.28 per share. The dividend is payable December 23, 2025, to shareholders of record as of December 9, 2025. Aankondiging • Nov 24
Calian Group Ltd., Annual General Meeting, Feb 12, 2026 Calian Group Ltd., Annual General Meeting, Feb 12, 2026. Aankondiging • Nov 12
Calian Group Ltd. Announces Board Changes Calian Group Ltd. announced that George Weber and Kevin Ford will retire from the board as previously announced. In addition, Jo-Anne Poirier has advised the board that she will not stand for re-election at the next annual meeting. As part of this board renewal process, which began with the addition of Lisa Greatrix, Josh Blair, and Eric Demirian to the Board earlier this year, Calian confirmed that incoming CEO Patrick Houston will join the board following his formal appointment on January 1, 2026. Aankondiging • Oct 07
Calian Group Ltd. Announces CEO Changes Calian Group Ltd. announced that Kevin Ford will retire as Chief Executive Officer after 10 years as CEO and 15 years with the company. Mr. Ford will remain CEO until the end of 2025 to ensure a smooth transition for all stakeholders. In accordance with the Board of Directors’ comprehensive succession planning process, the Board has appointed Patrick Houston, currently Chief Financial Officer and Chief Development Officer, as incoming Chief Executive Officer, effective January 1, 2026, and will initiate a search for a new CFO to succeed Mr. Houston. Under Mr. Ford’s leadership, Calian has experienced a decade of transformation and record growth. Since joining Calian in 2019, Mr. Houston has overseen finance, mergers and acquisitions, corporate development, investor relations, legal, and ESG. He has spearheaded 15 strategic acquisitions that have been pivotal in scaling the business and enabling significant international expansion. More recently, in his capacity as Chief Development Officer, Mr. Houston has successfully developed and implemented growth strategies for Calian’s GNSS, Nuclear, AgTech, and Composites divisions, which have delivered substantial organic growth for the company. Prior to joining Calian, Mr. Houston held senior financial and operational leadership roles at DragonWave, CanvasPop, and Corsa Security, and began his career at Deloitte. He has also served on several boards, including the Canadian Association of Defence and Security Industries (CADSI), Cliniconex, Kids Up Front Ottawa, and Field Effect Software. Aankondiging • Sep 23
Calian Group Ltd. Launches Canada's First Defence Innovation Orchestrator to Scale Small to Mid-Sized Enterprise Calian Group Ltd. announced the launch of Calian Ventures, a initiative helping Canada's small to mid-sized enterprise (SMEs) and partners scale proven Canadian defence solutions into sovereign capabilities to meet the evolving needs of the Canadian Armed Forces (CAF). Working with Canadian partners including academia, financial institutions, and business support organizations, Calian Ventures will initially focus on three priority streams: command and control decision support systems, autonomous systems and space resource orchestration. SMEs will work with Calian and its partners to help test, validate and scale their technologies into Canadian and allied procurements while maintaining their intellectual property. According to the State of Canada's Defence Industry 2024 report, Canada's defence industrial base includes 5585 firms generating $14.3 billion in revenue and supporting over 81,000 jobs. More than 85% of these companies are SMEs with fewer than 250 employees. These firms are the drivers of innovation yet often face challenges scaling solutions into large programs for the CAF. Federal initiatives such as the Innovation for Defence Excellence and Security (IDEaS) program have funded over 600 innovation projects since 2018, engaging hundreds of SMEs and sparking promising technologies. Calian Ventures is designed to complement and build on the success of programs like IDEaS by providing SMEs with additional pathways to test, validate and scale their solutions into operational capabilities for the CAF and allied markets. Aankondiging • Aug 14
Calian Group Ltd. Declares Quarterly Dividend, Payable on September 9, 2025 On August 12, 2025, Calian Group Ltd. declared a quarterly dividend of $0.28 per share. The dividend is payable September 9, 2025, to shareholders of record as of August 26, 2025. Aankondiging • Jun 24
Calian Group Ltd Appoints Chris Pogue as President, Defence & Space, Effective July 7, 2025 Calian Group Ltd. announced that Chris Pogue will join the company as President, Defence & Space, effective July 7, 2025. In this newly created role, Pogue will lead a high-performance organization that brings together Calian’s Advanced Technologies and Learning business units—leveraging the synergies of its communications and manufacturing solutions alongside its immersive training and simulation expertise to accelerate mission success for defence and space customers alike. Pogue brings over 20 years of senior executive experience. He most recently served as President and CEO of Thales Canada, where he expanded naval support services, re-established land-forces capabilities, and guided key AI and digital transformation initiatives. Prior to Thales, he led MDA Government’s Defence Space portfolio and held leadership roles at General Dynamics Mission Systems Canada and CAE Professional Services. Throughout his career, Pogue has championed the development of innovation ecosystems by connecting Canadian small and medium-sized businesses to national defence and space priorities. A retired Royal Canadian Air Force officer with more than 3,500 flight hours on the C-130 Hercules. Aankondiging • May 15
Calian Group Ltd. Declares Quarterly Dividend, Payable on June 10, 2025 On May 13, 2025, Calian Group Ltd. declared a quarterly dividend of $0.28 per share. The dividend is payable June 10, 2025, to shareholders of record as of May 27, 2025. Aankondiging • May 14
Calian Group Ltd. (TSX:CGY) acquired Advanced Medical Solutions Inc. Calian Group Ltd. (TSX:CGY) acquired Advanced Medical Solutions Inc on May 14, 2025.
Calian Group Ltd. (TSX:CGY) completed the acquisition of Advanced Medical Solutions Inc on May 14, 2025. Aankondiging • Apr 26
Calian Group Ltd. Announces Appointment to Board of Directors Calian Group Ltd. announced the appointment of Eric Demirian to its Board of Directors. Since 2003, Demirian has served as President of Parklea Capital Inc., a boutique financial and strategy advisory firm, and of Demicap Inc., a private investment firm. He was previously Executive Vice President at Group Telecom Inc. (2000–2003) and a partner at PricewaterhouseCoopers LLP (1983–2000), where he led the Information and Communications Practice. Demirian holds a Bachelor of Business Management from Toronto Metropolitan University and is a CPA, CGA and CA. Demirian has been Chair of the Board of Descartes Systems Group Inc. since 2014, having joined the board in 2011 and previously chaired its Audit Committee. He currently serves on Descartes’ Audit and Corporate Governance Committees. He is also a director of IMAX Corporation and has held board and audit committee roles at a number of public and private companies, including Enghouse Systems Ltd. from 2004 through 2025. Demirian’s appointment is effective immediately. With the recent additions of Josh Blair and Lisa Greatrix in February, the appointment of Demirian brings the total number of board members to 10, of which nine are independent and half are women. Aankondiging • Jan 31
Calian Group Ltd. to Report Q1, 2025 Results on Feb 13, 2025 Calian Group Ltd. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 13, 2025 Aankondiging • Dec 09
Calian Group Ltd., Annual General Meeting, Feb 13, 2025 Calian Group Ltd., Annual General Meeting, Feb 13, 2025. Aankondiging • Dec 04
Calian Group Ltd. Appoints Leeana Smith-Ryland as President Calian Group Ltd. announced the launch of an independent U.S.-focused subsidiary, Calian US Inc. The subsidiary, focused on U.S. federal government and defense opportunities will be led by Leeana Smith-Ryland as president. Leeana Smith-Ryland, a seasoned leader with a successful track record, has been appointed as President of Calian US Inc. Smith-Ryland brings over two decades of experience in the communications and defense industries, including as the head of Calian Pacific Teleport (CPT), a leading provider of satellite communications services. Under her leadership, CPT has expanded its global footprint and enhanced its service offerings to meet the evolving needs of clients worldwide. Aankondiging • Nov 26
Calian Group Ltd. Declares Quarterly Dividend, Payable on December 23, 2024 On November 25, 2024, Calian declared a quarterly dividend of $0.28 per share. The dividend is payable December 23, 2024, to shareholders of record as of December 9, 2024. Dividends paid by the Company are considered “eligible dividend” for tax purposes. Aankondiging • Nov 21
Calian Group Ltd. to Report Q4, 2024 Results on Nov 26, 2024 Calian Group Ltd. announced that they will report Q4, 2024 results Pre-Market on Nov 26, 2024 Declared Dividend • Aug 11
Third quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 21st August 2024 Payment date: 4th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 161% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Third quarter 2024 earnings released: EPS: CA$0.11 (vs CA$0.40 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.11 (down from CA$0.40 in 3Q 2023). Revenue: CA$185.0m (up 11% from 3Q 2023). Net income: CA$1.30m (down 72% from 3Q 2023). Profit margin: 0.7% (down from 2.8% in 3Q 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Commercial Services industry in Germany. Aankondiging • Jul 25
Calian Group Ltd. to Report Q3, 2024 Results on Aug 07, 2024 Calian Group Ltd. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024 Declared Dividend • May 19
Second quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 28th May 2024 Payment date: 11th June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 45% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Second quarter 2024 earnings released: EPS: CA$0.42 (vs CA$0.39 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.42 (up from CA$0.39 in 2Q 2023). Revenue: CA$201.3m (up 19% from 2Q 2023). Net income: CA$4.93m (up 9.0% from 2Q 2023). Profit margin: 2.4% (down from 2.7% in 2Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Aankondiging • May 03
Calian Group Ltd. to Report Q2, 2024 Results on May 14, 2024 Calian Group Ltd. announced that they will report Q2, 2024 results After-Market on May 14, 2024 Aankondiging • Mar 27
Calian Announces the Appointment of Valérie Travain-Milone as President, Advanced Technologies Calian Group Ltd. appointed Valérie Travain-Milone as President, Advanced Technologies (AT). Travain-Milone brings extensive leadership experience across GNSS, telecom, space, cybersecurity and digital services. Known for her purpose-driven approach and passion for technology, she has consistently nurtured teams towards success and growth. Holding an MBA in aerospace and with global experience in the Pacific, Europe and North America, her visionary leadership in per past role as CEO of Atos Canada fuelled the company’s expansion and accelerated revenue growth. Travain-Milone is committed to her community, serving on various non-profit and not-for-profit boards. Her latest role is on the board of E2IP in Montreal, an innovative company creating human-machine interfaces for clients worldwide in manufacturing, aerospace, health and more. Travain-Milone will officially join Calian on April 8th, 2024, taking over from outgoing President of AT, Patrick Thera, who is retiring after more than 40 years with Calian. Thera will stay on until June 3, 2024, to ensure a smooth transition for customers, employees, partners and suppliers. Upcoming Dividend • Feb 20
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.6%). Declared Dividend • Feb 19
First quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 27th February 2024 Payment date: 13th March 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
First quarter 2024 earnings released: EPS: CA$0.47 (vs CA$0.39 in 1Q 2023) First quarter 2024 results: EPS: CA$0.47 (up from CA$0.39 in 1Q 2023). Revenue: CA$179.2m (up 21% from 1Q 2023). Net income: CA$5.53m (up 21% from 1Q 2023). Profit margin: 3.1% (in line with 1Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Aankondiging • Feb 02
Calian Group Ltd. to Report Q1, 2024 Results on Feb 14, 2024 Calian Group Ltd. announced that they will report Q1, 2024 results After-Market on Feb 14, 2024 Aankondiging • Dec 02
Calian Group Ltd. (TSX:CGY) completed the acquisition of Decisive Group Inc. Calian Group Ltd. (TSX:CGY) entered into a definitive agreement to acquire Decisive Group Inc. for CAD 74.7 million on November 9, 2023. Decisive team will be joining Calian. The transaction is subject to regulatory approvals. The transaction is expected to close by the end of 2023.Calian Group Ltd. (TSX:CGY) completed the acquisition of Decisive Group Inc. on December 1, 2023. Aankondiging • Nov 17
Calian Group Ltd., Annual General Meeting, Feb 15, 2024 Calian Group Ltd., Annual General Meeting, Feb 15, 2024. Aankondiging • Nov 07
Calian Group Ltd. Announces the Appointment of Michael Tremblay as President, IT and Cyber Solutions, Effective December 1, 2023 Calian Group Ltd. announced the appointment of Michael Tremblay as President, IT and Cyber Solutions (ITCS). Mike joined Invest Ottawa & Bayview Yards as President and CEO in March of 2017. Recently, Mike was appointed a World Economic Forum Fellow as part of the Centre for Urban Transformation and Invest Ottawa’s leadership work at AREA X.O, Canada’s mobility Futureplex of innovation and collaboration. With 38 years of sales, marketing, operations, general management experience, coupled with considerable knowledge of public sector clients, Mike has held senior executive positions with Microsoft, SAP, Fujitsu Consulting, JDS Uniphase, EDS Systemhouse and Digital Equipment Corporation.Mike will officially join Calian December 1, 2023. Aankondiging • Oct 28
Calian Group Ltd. Provides Preliminary Unaudited Earnings Guidance for the Year Ended September 30, 2023 Calian Group Ltd. provided preliminary unaudited earnings guidance for the year ended September 30, 2023. For the year, the company expects revenue to be between CAD 630,000,000 to CAD 680,000,000. Revenues are expected to be in the middle of the guidance range. Reported Earnings • Aug 11
Third quarter 2023 earnings released: EPS: CA$0.40 (vs CA$0.60 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.40 (down from CA$0.60 in 3Q 2022). Revenue: CA$166.6m (up 11% from 3Q 2022). Net income: CA$4.67m (down 32% from 3Q 2022). Profit margin: 2.8% (down from 4.6% in 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Aankondiging • Aug 02
Calian Group Ltd. completed the acquisition of Assets Of Hawaii Pacific Teleport. Calian Group Ltd. agreed to acquire Assets Of Hawaii Pacific Teleport for $46 million on March 9, 2023. Out of total consideration, $35 million will be paid in cash and an additional $11 million will be paid based on the achievement of certain level of EBITDA performance over the next 24 months of Hawaii Pacific Teleport. Leeana Smith-Ryland will remain as Chief Executive officer of HPT and will facilitate the integration of HPT into the Calian Advanced Technologies (AT) space division. Completion of this transaction is subject to regulatory approvals and other customary closing conditions including the receipt of TSX approval for the transaction. As of June 28, 2023 FCC approved the deal. Calian anticipates the transaction to close by the third quarter of 2023.
Calian Group Ltd. completed the acquisition of Assets Of Hawaii Pacific Teleport on August 1, 2023. Reported Earnings • May 11
Second quarter 2023 earnings released: EPS: CA$0.39 (vs CA$0.11 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.39 (up from CA$0.11 in 2Q 2022). Revenue: CA$168.5m (up 19% from 2Q 2022). Net income: CA$4.52m (up 257% from 2Q 2022). Profit margin: 2.7% (up from 0.9% in 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Buying Opportunity • Mar 31
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €53.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 166% in the next 2 years. 
