FTG Reports Strong Q3 2025 Results With Revenue Up 10.8% And Robust Cash Flow
Firan Technology Group Corporation (FTG) has reported its financial results for the third quarter of 2025. The company saw a significant increase in revenue and adjusted EBITDA, along with a strong performance in its backlog and cash flow.
FTG's revenue for the quarter reached $47.7 million, marking a 10.8% increase over the same period last year. This growth was driven by a 12% rise in the quarter-end backlog to $137.1 million. The company's adjusted EBITDA also improved, climbing to $7.7 million from $7.2 million in Q3 2024.
Operating cash flow less lease payments generated $5.5 million for the quarter, reflecting the company's strong financial health. FTG's net debt maintained a robust balance sheet, standing at $9.5 million, including $11.6 million of government loans, or 0.3X trailing 12 months EBITDA.
In terms of bookings, FTG achieved a Book-to-Bill ratio of 1.08, with total bookings reaching $51.5 million. The company also received a Supplemental Type Certificate (STC) for the AFIRS Edge product on the Airbus A319/320/321 family of aircraft. Meanwhile, its subsidiary, FLYHT, secured its first sale of the AFIRS Edge+ product to an airline in Asia.
FTG's adjusted net earnings rose by 8.3% to $3.0 million, demonstrating the company's solid financial performance. Despite no new location openings reported in the quarter, FTG's revenue and adjusted EBITDA growth, along with its strong backlog and cash flow, indicate a positive outlook for the company.
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