
- Third quarter revenues rose by 11% year-over-year to $2.3 billion, fueled by $590 million of Services revenues, up 12% compared to the same period last year, and 34 aircraft deliveries, up 4 units compared to the same quarter of 2024.
- Adjusted EBITDA for the third quarter reached $356 million, marking a 16% year-over-year increase. The adjusted EBITDA margin increased by 60 basis points to 15.4%. Reported EBIT for the quarter was $227 million.
- Adjusted net income was $129 million, an increase of 59% year-over-year, and net income was $85 million. Adjusted EPS was positive at $1.21 for the third quarter, with diluted EPS at $0.77.
- Strong free cash flow generation of $152 million, an improvement of $279 million compared to the same quarter last year; cash flows from operating activities and net additions to PP&E and intangible assets were at $190 million and $38 million respectively.
- Backlog as at September 30, 2025, reached $16.6 billion, reflecting a unit book-to-bill of 1.3 for the quarter.
- Available liquidity remained strong at $1.6 billion, including cash and cash equivalents totaling $1.2 billion as at September 30, 2025. Deleveraging continues with the repayment of approximately $100 million in debt announced in November with a repayment date set for December 3, 2025.
- Results for the quarter reinforce the Corporation is on track to achieving full-year guidance.
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, Nov. 06, 2025 (GLOBE NEWSWIRE) — Bombardier Inc. (TSX: BBD.B) today announced strong financial results for the third quarter of 2025, with multiple key metrics recording large year-over-year gains. The results emphasize the company’s ability to deliver a high level of performance and place the team in an excellent position to reach full-year guidance. The third quarter saw sustained Services growth as well as the launch of a new expansion initiative geared toward the company’s footprint in the U.S. Increases in deliveries and continued momentum in the backlog both highlighted strong, sustained demand for Bombardier products.
“Bombardier’s third quarter performance marked by double-digit growth, or better, across all key indicators is a testament to the entire team’s relentless focus on executing our plan and supporting our customers. We delivered strong year-over-year cash flow improvement, driven by sustained customer demand, efficient operations, and strong uptake on parts and service programs,’’ said Éric Martel, President and Chief Executive Officer, Bombardier. “We are entering the final stretch of 2025 with excellent momentum across the board. The Global 8000, certified this week by Transport Canada, is the fastest business jet in the world, establishing new industry benchmarks with a maximum operating speed of Mach 0.95 and a cabin altitude of 2,691 ft. The aircraft is on track to enter service this year. Our service network is consistently full and expanding in the Middle East and the U.S. Finally, our defense team is well positioned to grow its proportion of deliveries in the near term. The Bombardier team is on track for a strong end of year.”
Revenues, Aircraft Deliveries and Services All Rise
The company generated $2.3 billion in revenues for the third quarter, reflecting 11% year-over-year growth. The delivery mix favored Global aircraft over Challenger, with a total of 34 units.
Bombardier reported $590 million in revenues from its Services activities, achieving 12% year-over-year growth, a segment that continues to show high performance and even further growth potential. In August, the company unveiled major multi-phase U.S. expansion, the first step being the new service centre in Fort Wayne, Indiana, announced in October of 2025.
Adjusted EBITDA reached $356 million for the third quarter, up 16% year-over-year increase. Adjusted EBITDA margin improved by 60 basis points year-over-year to 15.4%. This growth was driven by 4 incremental aircraft deliveries, a favorable delivery mix and increased defense-related content, partially offset by transitory supply chain-related costs. Reported EBIT for the third quarter was $227 million. Adjusted EPS was positive at $1.21 for the third quarter, with diluted EPS at $0.77.
Significant Improvement in Free Cash Flow
The company reported $152 million in free cash flow for the quarter, an impressive $279 million improvement compared to the same quarter last year, driven by increased customer advances, robust order momentum, lower investments in inventories and incremental earnings. Cash flows from operating activities and net additions to PP&E and intangible assets were at $190 million and $38 million respectively.
Backlog Remains Strong
The backlog grew by $0.5 billion during the quarter, reaching $16.6 billion as at September 30, 2025. The backlog remained at a 5-year-high level, supported by strong order intake that represented a unit book-to-bill of 1.3 at the end of the quarter.
Continued Actions to Improve Balance Sheet
The company maintained its disciplined approach to deleveraging, successfully refinancing $250 million in debt during the quarter and announced, in November, the repayment of another approximately $100 million in debt with a repayment date set for December 3, 2025. Building on our efforts to strengthen the balance sheet, Bombardier extended maturities and lowered the average cost of debt. Available liquidity remained strong at $1.6 billion, including cash and cash equivalents totaling $1.2 billion as at September 30, 2025.






