---
title: "AM metal powder sales propel second straight EBITDA-positive quarter for Tekna"
url: https://www.voxelmatters.com/am-metal-powder-sales-propel-second-straight-ebitda-positive-quarter-for-tekna/
date: 2026-02-12
modified: 2026-02-12
lang: en
author: "Joseph Caron-Dawe"
description: "Tekna Holding ASA has reported a second consecutive quarter of positive EBITDA for Q4 of 2025, supported by record profitability in its Materials segment and continued cost discipline. Total revenue..."
categories:
  - "AM Powders"
  - "Financial Reports"
  - "Metals"
tags:
  - "insights"
image: https://www.voxelmatters.com/wp-content/uploads/2024/04/Tekna-Materiaux-Avances-2-640x383.jpg
word_count: 466
---

# AM metal powder sales propel second straight EBITDA-positive quarter for Tekna

[Tekna Holding ASA](https://www.voxelmatters.directory/company/tekna/) has reported a second consecutive quarter of positive EBITDA for Q4 of 2025, supported by record profitability in its Materials segment and continued cost discipline. Total revenue reached CAD$9.9 million ($7.29 million), up 2% year over year, while the overall contribution margin rose to 60% from 41% a year earlier. Adjusted EBITDA was CAD$0.9 m ($0.66m), a margin of 9.3%.

“We achieved our second consecutive EBITDA-positive quarter, with record Materials performance and expanding margins. We are seeing growing traction with larger strategic customers placing larger orders. Tekna has reached an important inflection point,” said [Claude Jean, Chief Executive Officer, Tekna Holding ASA](https://www.voxelmatters.com/tekna-appoints-claude-jean-as-new-ceo/).

[The Materials business consists entirely of high-purity metal powders for additive manufacturing](https://www.voxelmatters.com/tekna-earns-first-ever-nadcap-accreditation-for-metallic-powder-manufacturing/), serving aerospace, defense, medical, and industrial end markets. In Q4, Materials delivered revenue of CAD$8.0 m ($5.89m) with a contribution margin of 59%, compared with 38% in the prior-year period. 

Order intake for Materials increased 18% year over year to CAD$ 9.1m ($6.7m), and the segment’s backlog reached CAD$ 17.4m ($12.81m), up 46%, [supported by two large awards from tier-1 aerospace and defense customers](https://www.voxelmatters.com/additive-manufacturing-weekly-news-round-up-january-23/).

![](https://www.voxelmatters.com/wp-content/uploads/2023/05/product-tekna__titanium-340x218.jpg)

Across the company, year-to-date 2025 revenue totaled CAD$ 35.6m ($26.2m), while the total backlog ended the year at CAD$ 20.5m ($15.09m). Cash flow from operating activities in the quarter was negative at CAD$1.2 m (-$0.88m). 

Management attributes margin expansion to record performance in metal powders for AM and the sustained impact of its efficiency program, which lowered adjusted other operating expenses by 16% and adjusted employee benefit expenses by 9% year over year.

Beyond Materials, Tekna’s Systems segment develops and sells inductively coupled plasma equipment, including proprietary plasma systems and hypersonic wind-tunnel solutions for the space industry. Both segments are built on the company’s inductively coupled plasma technology and related intellectual property accumulated over three decades. The company positions itself upstream in the AM value chain with established qualifications at tier-1 original equipment manufacturers.

During the quarter, Tekna completed a fully underwritten rights issue of NOK 300m ($31.65m) on Oslo Stock Exchange (OSE), yielding net proceeds of about CAD$ 40m ($29.44m) after roughly CAD$ 1m in transaction costs. Of the proceeds, CAD$ 29m ($21.34m) repaid the AFK shareholder loan in full, including interest, with the remainder lifting cash to CAD$ 17.4m ($12.81m) at year-end from CAD$ 7.2m ($5.30m) at the end of Q3. As a result, the equity ratio increased to 78% from 28%, and net debt of CAD$ 26.6m shifted to a net cash position of CAD$ 11.8m ($8.68m). The AFK loan refers to financing from Arendals Fossekompani ASA.

Tekna targets double-digit annual revenue growth across its Materials and Systems businesses and a 15%–20% EBITDA margin by 2030. The company states it has sufficient capacity within existing facilities to support these goals and continues to see opportunities adjacent to AM in other industrial applications.