• Full-year 2025 revenues surpassed guidance, growing 10% year-over-year to reach $9.55 billion. This strong performance was powered by an all-time high in Services revenues, up 13%, and 157 aircraft deliveries, an increase of 11 units year-over-year.
• Adjusted EBITDA rose 15% year-over-year, reaching $1,559 million, with adjusted EBITDA margin  expanding 60 basis points to 16.3%. Reported EBIT up 26% year-over-year at $1,108 million for the full year, driving EBIT margin to 11.6%, an improvement of 150 basis points.
• Adjusted net income grew to $805 million, marking a 47% year-over-year increase, while reported net income increased to $975 million, up 164%. Full-year performance translated to an adjusted EPS of $7.72 and diluted EPS of $9.41.
• Free cash flow was up $840 million compared to 2024, reaching an impressive $1,072 million for the full-year. Reported cash flows from operating activities were $1,225 million, up from $405 million versus 2024. Net additions to PP&E and intangible assets totaled $153 million, compared with $173 million in 2024.
• Backlog jumped to $17.5 billion as at December 31, 2025, up $3.1 billion from 2024. Unit book-to-bill of 1.4 for the year highlights healthy demand across our portfolio.
• More than $400 million of debt was repaid, using cash from the balance sheet in 2025, driving solid progress on deleveraging. The adjusted net debt to adjusted EBITDA ratio improved from 2.9x in 2024 to 1.9x at year-end. An additional $500 million of Senior Notes to be redeemed on February 15, 2026. Available liquidity remained strong at $2.5 billion; cash and cash equivalents were $2.2 billion as at December 31, 2025.
• With the completion of its successful 5-year turnaround plan, which was first detailed in 2021, Bombardier’s 2026 guidance lays the groundwork for sustained top‑line growth, solid margins, and reliable free‑cash‑flow performance.

_{All amounts in this press release are in U.S. dollars, unless otherwise indicated.
Amounts in tables are in millions except per share amounts, unless otherwise indicated.} 

MONTREAL, Feb. 12, 2026 (GLOBE NEWSWIRE) — Bombardier Inc. (TSX: BBD.B) today announced strong fourth quarter and full-year 2025 financial results, exceeding targets and marking the company’s fifth consecutive year of sustained growth. The company also released its 2026 guidance⁽⁷⁾, highlighting its priorities and signaling a strong year ahead.

“Bombardier’s 2025 results validate the unwavering dedication of our team, allowing us to deliver on our commitments for the fifth consecutive year. We fulfilled the strategic path we set in 2021 and have completed our turnaround plan with poise, discipline and consistent execution. Our customer-centric mindset powered strong performance across the business – driving meaningful progress in product development, the expansion of our services portfolio, strengthening our Defense offering, and advancing our deleveraging plan,” said Éric Martel, President and Chief Executive Officer, Bombardier. “I am incredibly proud of the entire Bombardier team – their commitment, focus and passion across every part of the organization have been instrumental in strengthening our foundation for both immediate and long-term success. We have transformed the business, reinforced our competitive position, and established a clear and disciplined track record for growth – and the future looks bright.”

Revenues Surpass Targets, Driven by Higher Deliveries and a Strong Services Performance

Bombardier recorded revenues of $9.55 billion for 2025, exceeding targets with a 10% increase year-over-year, driven by a solid delivery mix, and record-high Services and Defense revenues. The company’s Services business continued its upward growth trajectory with $2.3 billion in revenues, a 13% increase year-over-year. Bombardier continued to ramp-up its production with 157 aircraft deliveries in 2025, an increase of 11 units versus 2024.

Solid Order Activity Supports Growing Backlog

Backlog for 2025 increased by $3.1 billion, reaching $17.5 billion as at December 31, 2025, an uptick of 22% year-over-year. The company also reported a full-year unit book-to-bill of 1.4, reflecting steady and strong demand across its portfolio of aircraft.

Profitability Gains Bolster Deleveraging Progress

Bombardier upheld its profitable growth trajectory in 2025. Adjusted EBITDA⁽¹⁾ for full-year 2025 was $1,559 million, representing 15% year-over-year growth, driven by strong incremental revenue conversion in Services, improved Defense performance, and lower R&D expenses, partly offset by supplier‑disruption costs. Adjusted EBIT came in at $1,095 million, a 20% improvement compared with the $915 million recorded in 2024. Reported EBIT increased 26% year‑over‑year, reaching $1,108 million for the full year.   

Adjusted net income rose significantly in 2025, reaching $805 million, a 47% year-over-year increase when compared with 2024, while reported net income increased to $975 million, up 164% year-over-year. Full-year 2025 adjusted EPS came in at $7.72, compared with $5.16 in 2024, while diluted EPS rose to $9.41 from $3.40 in 2024.

Free cash flow (FCF) generation for full-year 2025 was $1,072 million, up $840 million versus 2024. The increase reflects higher customer advances associated with new orders and aircraft deliveries, partially offset by inventory investments, and other working capital requirements. Reported cash flow from operating activities were $1,225 million, up from $405 million compared to 2024. Net additions to PP&E and intangible assets totaled $153 million for full-year 2025, compared with $173 million in 2024.

Bombardier continued to make strong progress in debt repayment, reducing its debt by over $400 million in 2025. In December 2025, the Corporation also announced a partial repayment of $500 million of Senior Notes due 2028, which will be paid using cash from its balance sheet. The redemption date is February 15th, 2026. The adjusted net debt to adjusted EBITDA ratio improved from 2.9x in 2024 to 1.9x at year-end, outperforming its target of 2.0x to 2.5x. The company aims to continue improving this metric towards approximately 1.5x over time.

2026 Guidance

“Our 2026 guidance reflects both the sustained momentum we have built over the past five years and the confidence we have in our execution going forward. Our ability to operationalize and deliver on our ambition will not waiver as we continue to focus on growth, profitability and sustainable cash flow generation, all while delivering a customer experience that sets a new benchmark for excellence in our industry,” added Martel.

Guidance and Results
	2025 Full-Year Results	2026 Guidance
Aircraft deliveries (in units)	157	>157
Revenues	$9.55 billion	>$10.0 billion
Adjusted EBITDA	$1,559 million	>$1,625 million
Adjusted EBIT	$1,095 million	n/a
EBIT	$1,108 million	n/a
Free cash flow	$1,072 million	$600 million -$1,000 million
Cash flows from operating activities	$1,225 million	n/a
Net additions to PP&E and intangible assets	$153 million	n/a

Aircraft deliveries in 2026 are expected to be greater than 157 aircraft. Revenues are expected to be greater than $10.0 billion, an increase of more than $0.4 billion versus 2025 as a result of higher aircraft deliveries, improved pricing, and continued growth in our Services business. Adjusted EBITDA⁽¹⁾ is expected to be greater than $1,625 million in 2026. The growth from 2025 is driven by margin conversion on increased revenues and a partial recovery of the supply chain disruption, partially offset by some incremental strategic investments and higher R&D expense. Free cash flow⁽¹⁾ in 2026 is expected to range between $600 million and $1,000 million, reflecting normal variability in key cash‑flow items. Net additions to PP&E and intangible assets⁽³⁾ are expected to be approximately $300 million.

About Bombardier 

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. 

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

• Strategic acquisition expands Maintenance, Repair and Overhaul (MRO) and Aircraft on Ground (AOG) services in the U.S. as part of Bombardier’s industry leading service network
• Adding the Velocity team, hangar, and mobile response trucks, advances Bombardier’s long-term Services growth strategy, focused on providing the highest levels of convenience and care to customers
• The terms of the acquisition remain confidential to both parties

MONTREAL, Feb. 09, 2026 (GLOBE NEWSWIRE) — Bombardier announced today the acquisition of Velocity Maintenance Solutions, a Maintenance, Repair and Overhaul services provider. This strategic acquisition – completed through Bombardier’s U.S. subsidiary, Learjet Inc. – marks another significant step in Bombardier’s ongoing expansion of its Services business and reinforces the company’s commitment to delivering exceptional convenience and care to operators worldwide.

Velocity Maintenance Solutions brings further expertise and a strong reputation for service excellence to Bombardier’s existing number one network⁽¹⁾. The company utilizes a 35,000 sq. ft. hangar at the Wilmington, Delaware airport, and can rely on the support of 14 mobile repair trucks across the U.S. With this footprint, Velocity Maintenance Solutions will further enhance Bombardier’s ability to provide operators with a wide range of maintenance, support, and service options, close to where they fly.

“Velocity Maintenance Solutions’ capabilities and customer-focused culture make it an excellent fit for Bombardier. We are thrilled to welcome their talented team and support them as they continue to provide exceptional service to their clients,” said Paul Sislian, Executive Vice President, Aircraft Sales and Bombardier Aftermarket Services. “This acquisition is part of our commitment to continually elevate our service standards: a mindset that has brought us number one rankings in industry surveys⁽¹⁾ for two consecutive years.”

Bombardier continues to strengthen its services offering through targeted investments, infrastructure expansion, and strategic acquisitions. The purchase of Velocity Maintenance Solutions bolsters Bombardier’s U.S. presence and supports its long-term commitment to providing operators with unmatched service coverage and quality.

^{(1) Bombardier ranked #1 in AIN’s 2024 and 2025 Product Support surveys and Pro Pilot’s 2025 Corporate Aircraft Product Support Survey.}

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

For Information

For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

MONTREAL, Jan. 29, 2026 (GLOBE NEWSWIRE) — We have taken note of the post from the President of the United States to social media and are in contact with the Canadian government. Bombardier is an international company that employs more than 3,000 people in the U.S. across 9 major facilities, and creates thousands of U.S. jobs through 2,800 suppliers. Our aircraft, facilities and technicians are fully certified to FAA standards and renowned around the world. We are actively investing in expanding our U.S. operations, including a recent announcement in Fort Wayne, Indiana.

Thousands of private and civilian jets built in Canada fly in the U.S. every day. We hope this is quickly resolved to avoid a significant impact to air traffic and the flying public.

About Bombardier 

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. 

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

MONTREAL, Jan. 20, 2026 (GLOBE NEWSWIRE) — Bombardier today announced new appointments to its leadership team to deepen customer relationships, evolve its Bombardier Defense business while remaining focused on continuous product improvement, and seize long-term strategic opportunities through investments and mergers and acquisitions.

“Bombardier has successfully completed multiple strategic objectives with regard to product development, services expansion, Defense growth and financial deleveraging,” said Éric Martel, President and CEO, Bombardier. “I am proud of the high level of execution from the entire executive team as well as their individual and collective contributions to all facets of our company’s people and customer-centric culture. Today’s appointments reflect our trust in their leadership and our company’s bold ambitions for Bombardier’s immediate and long-term development.”

Bombardier welcomes Sandra Hodgkinson, who joins the company as Senior Vice President, Strategy and M&A. Ms. Hodgkinson has had a distinguished, decorated career in corporate strategy, defense and law, including active service in the U.S. Navy’s Judge Advocate General corps. For the last 14 years, she has led Strategy and Corporate Development at Leonardo DRS where she carried out multiple successful M&A mandates and grew the business. Prior to this, she held significant positions at the U.S. Department of Defense, The White House, and U.S. Department of State. With her extensive and diverse expertise, Ms. Hodgkinson will be responsible for driving growth organically and strategically, through M&A activities, in all key business segments, including Bombardier Defense and Services.

Stephen M^cCullough is appointed Executive Vice President, Engineering, Product Development and Bombardier Defense. Mr. M^cCullough’s leadership has brought a second-to-none portfolio to the business aviation market and the company will broaden its product development ambitions into the Defense industry. Mr. M^cCullough has 36 years’ experience in aircraft design and flight testing, all with Bombardier. His extensive expertise will bring the innovative DNA, agility and a proven track record of execution to his newly expanded Bombardier Defense mandate.

Paul Sislian is appointed Executive Vice President, Aircraft Sales and Bombardier Aftermarket Services. In this expanded role, Mr. Sislian will continue leading the company’s fast-growing, number-1-ranked service network and take charge of the worldwide aircraft Sales teams, for business jets and Defense, supported by 30-year Bombardier veteran, Peter Likoray. By bringing sales and services together, Mr. Sislian and his team will further strengthen Bombardier’s competitive edge and continue setting industry‑leading standards. Mr. Sislian has been at Bombardier for 17 years and previously led business jet manufacturing operations, Bombardier’s aerostructures business and most recently was responsible for Aftermarket Services and Corporate Strategy.

Finally, Mercedes Glockseisen will succeed Pierre Gagnon as Senior Vice President, General Counsel and Corporate Secretary. Ms. Glockseisen has successfully led Contracts and Legal Services teams within Bombardier for more than 10 years, most recently as the Vice President of Contracts and Legal Services supporting new, pre-owned, Defense and large-fleet aircraft transactions. Prior to joining Bombardier in 2011, Ms. Glockseisen built an impressive track record in litigation and corporate law at Ogilvy Renault (now Norton Rose Fulbright). She is a member of the Barreau du Québec and graduate of McGill University’s Faculty of Law. Mr. Gagnon, who has made significant contributions to the legal team and Bombardier’s overall success the past years, will retire in June. Until then, he remains with Bombardier as Senior Vice President Special Advisor to the CEO—all while supporting a smooth leadership transition.

All appointments are effective immediately.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.   

• Bombardier will celebrate the announcement of a new 126,000-square-foot manufacturing centre in Dorval today
• This new manufacturing centre will complement Bombardier’s existing facilities, with the goal of further increasing production capacity and productivity. Opening is scheduled before the end of 2027⁽¹⁾
• The Minister of Economy, Innovation and Energy, Christine Fréchette, is set to announce a $35 million repayable loan from Investissement Québec’s ESSOR program to back the project

MONTRÉAL, Jan. 15, 2026 (GLOBE NEWSWIRE) — Bombardier is announcing today a new 126,000-square-foot, state-of-the-art manufacturing centre in Dorval, which marks a significant milestone in its growth strategy. Located near the Challenger manufacturing centre and the Laurent Beaudoin Completion Centre, this new facility will further expand Bombardier’s industrial footprint and strengthen its production capabilities. Bombardier will host an event at 1 p.m. to celebrate the announcement, in the presence of industry and government representatives, as well as Bombardier employees.

The project represents an investment of approximately $100 million and is part of the company’s long-term strategy to boost productivity as it responds to growing demand for its business aircraft. This new facility, set to open before the end of 2027⁽¹⁾, is expected to create skilled job opportunities.

“This major investment demonstrates our commitment to support Bombardier’s growth and build the infrastructure we need to maximize our productivity. As we expand our manufacturing capacity, we’re positioning ourselves to keep up with global demand and solidify our position at the top of the business aviation industry,” said David Murray, Executive Vice President, Manufacturing, IT and Bombardier Operational Excellence System. “We also want to acknowledge the effectiveness of Investissement Québec’s programs for supporting business growth. The ESSOR program, which will finance part of our expansion through a repayable loan, supports Bombardier’s global growth objectives while creating quality jobs in the province of Quebec.”

To support this strategic initiative, Quebec’s Minister of Economy, Innovation and Energy and Minister responsible for the Montérégie region, Christine Fréchette, will be in attendance to announce a $35 million repayable, non-forgivable loan under Investissement Québec’s ESSOR program, which is managed by the government. The program was created to help promote Quebec’s competitive manufacturing sector and economic vitality.

“By supporting the expansion of Bombardier, a world‑class prime contractor, our government is generating significant economic benefits for the entire Quebec supply chain and for the aerospace cluster. This investment will also lead to the creation of hundreds of highly skilled, well‑paid jobs, while strengthening Quebec’s expertise. Thanks to its know‑how and its capacity for innovation, Bombardier is helping to consolidate Quebec’s global position in this strategic sector, and I am very proud to support this homegrown company,” said Christine Fréchette, Minister of Economy, Innovation and Energy and Minister responsible for the Montérégie region.

The announcement is the latest in a series of major economic contributions by Bombardier to Quebec and Canada. The latest PwC study commissioned by Bombardier found that Bombardier contributed a total of $7.4 billion (direct, indirect, and induced) to Canada’s GDP in 2024 and sustained nearly 50,000 jobs across the country. In Quebec alone, Bombardier creates nearly 10,000 direct jobs and is a direct source for over 31% of aerospace employment, ranking it as one of the province’s largest manufacturing employers.⁽¹⁾

_{(1)FORWARD-LOOKING STATEMENTS}

_{Certain statements in this release are forward-looking and based on current expectations.
Forward-looking statements require us to draw conclusions based on assumptions and involve significant known and unknown risks and uncertainties, meaning that our results in subsequent periods could differ materially from those indicated in the forward-looking statements.} 

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people, businesses, governments and military forces. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivalled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across 6 countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.