Calian Group Ltd.

Good day and thank you for standing by. Welcome to the Kalyan Group second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised, today's conference is being recorded. I would now like to turn the conference over to your speaker today, Jennifer McCauley, Director of Investor Relations. Please go ahead.

Thank you, Kevin, and good morning, everyone. Thank you for joining us for Talion's Q2 2026 conference call. Presenting this morning are Patrick Houston, Chief Executive Officer, and Will Magic, Acting CFO. They will walk you through our Q2 results, provide insight into the performance of our various businesses, and share our outlook for the remainder of the year. As noted on slide two, please be advised that certain information discussed today is forward-looking and subject to important risks and uncertainties. The results predicted in these statements may be materially different from actual results. As a reminder, all amounts are expressed in Canadian dollars, except as otherwise specified. With that, let me turn the call over to Patrick.

Thank you, Jennifer, and good morning. Our second quarter results demonstrate a clear inflection point for Calians. We delivered 18% revenue growth, including 12% organic growth supported by record deliveries and a strong pace of new contract awards. In Q2 alone, we secured $321 million in new contracts, with over $200 million coming from the Canadian defence sector and spanning multiple solutions. This brought our backlog to $1.5 billion and gives us strong visibility into future growth. Our top-line performance also translated into strong operating leverage, with adjusted EBITDA increasing 60% and significantly outpacing revenue growth. This reflects the combined impact of higher volumes, improved execution, and a more focused operating model. These results are early but clear evidence of defense momentum building and that Callion is well-positioned to capture it. Over the past year, we have sharpened and simplified our business to better align our capabilities with the needs of our customers. By integrating our expertise across training, spec, nuclear, health, manufacturing, IT and cyber, we're creating a stronger, more unified Callion, one that can pursue larger cross-functional opportunities and deliver greater value to customers. As Canadian and global defense markets accelerate, Callion is positioned with the scale, expertise, and mission-critical capabilities needed to support our customers and drive sustained growth for our shareholders. Now a few words on our operations. Let me begin with defense and space. In Q2, the segment delivered 15% revenue growth, driven primarily by organic performance and broad-based demand across our mission-critical solutions. Growth was led by technology solutions and operational readiness services, where Kalyan's capabilities are increasingly aligned with the evolving needs of our defense customers. Our position in the Canadian defence market continues to strengthen. During the quarter, we secured new awards, extensions and program expansions across training, health services, IT and cyber, space communications, manufacturing and engineering. These wins reinforced Tallien's role as a trusted partner to the Canadian Armed Forces and a key contributor to Canada's defence industrial base. Over the past 12 months, we've secured more than $550 million in defence contract signings, bringing our backlog to more than a billion dollars in defense. We're also taking deliberate steps to expand our innovation partner. Through ventures in C5 ISRT, along with the new agreements announced in Q2 with ADGA and Tesla 8 Robotics, we are building partnerships that bring together technology, integration expertise, and operational knowledge to solve complex challenges. Our space products and solutions continue to demonstrate clear market differentiation This year, our team has delivered several high-value areas, including precision location capabilities for the Arctic, software to support next-generation LEO constellations, and deep space antenna solutions that enable exploration missions. These achievements highlight both the breadth of our expertise and the growing relevance of Kalyan's space capabilities in mission-critical environments. Internationally, we're increasing our focus and investment in Europe in the second half of this year, with targeted investments in talent, infrastructure, and technology, These investments are designed to deepen customer relationships, scale responsibly, and position Callion for long-term growth in a rapidly evolving defense market. The opportunity ahead is significant. Over the past decade, Callion has built a deep, differentiated defense and space platform. Our focus now is to convert that scale into broader mandates, larger programs, and more integrated solutions, positioning Callion to serve as a prime partner for customers seeking trusted end-to-end mission-critical capabilities. me spend a moment now on essential industries our central industry segment continued to build positive momentum this quarter supported by improving market fundamentals stronger execution and a successful integration of recently acquired capabilities in q2 revenue increased 25 led by the contributions of amf this acquisition has meaningfully expanded our presence in the arctic and provides a strong platform to advance our broader strategy in a region of increasing importance to our customers. We're also encouraged by the return to organic growth after a modest start to the year. Organic revenue growth accelerated to the high single digits in Q2, reflecting improved demand across parts of our portfolio, including early signs of recovery in our US commercial business. For the first half of FY26, revenue increased 22% and adjusted EBITDA grew 70%, demonstrating the leverage in the business as volumes improve and our teams execute with greater discipline. These results reinforce the progress we're making and the opportunity to unlock further value in this segment. Essential Industries remains an important part of Callion's strategy. Our work across sectors such as health and energy strengthening the resilience of our portfolio. expands our customer reach and positions us in markets where reliability, expertise and operational performance matters. Looking ahead, our priority is clear, deliver for our customer and drive margin expansion through efficiencies and operational improvements. With targeted actions underway, improving demand and a stronger execution across the segment, we're well positioned to deliver meaningful margin improvement through the balance of the year and exit FY26 at high single digit margins in this segment. In summary, we're increasingly operating as one Callion, a more focused, integrated business with complementary capabilities that can be applied across multiple markets and customer missions. With each segment has distinct priorities, the power of our model is how these capabilities come together. Across the business, we're connecting expertise, sharing technology, and applying proven solutions from one market to the other. AMS and our nuclear service capabilities, for example, create opportunities that extend beyond their current commercial market. Over time, these capabilities can support dual-use applications in areas such as Arctic healthcare, energy resilience, and critical infrastructure, priorities that matter to both commercial and defense customers. Similarly, our IT and cyber teams are increasingly collaborating across segments, allowing us to bring deeper expertise, broader delivery capability, and more complete solutions to our customers. This is the value of one Kalyan, specialized capabilities operating through a simpler structure. coming together to solve large and more complex customer challenges. With strong alignment and sharper focus and disciplined execution, we're building a more scalable business, one that is positioned to accelerate profitable growth, capture large opportunities, and deliver sustained value for customers and shareholders. I'll now turn it over to Will, who will discuss our Q2 financial results. Will?