Norwegian powder producer Tekna (OSL: TEKNA) reported Q3 results: revenue of CAD 13.4 million, up 61% year on year; adjusted EBITDA reached a record CAD 2.9 million (versus CAD 0.5 million a year earlier), a margin of 21.5%. The Materials (metal powder) business posted revenue of CAD 8.4 million, up 20% year on year, with a contribution margin of 50%. Demand from aerospace, defense, and medical customers remained steady, and demand for prime powder (20–53 μm, for LPBF) continued to outpace fine and coarse by-product powders. Materials order intake rose 80% to CAD 9.3 million, with a backlog of CAD 17.1 million; total orders were CAD 10.6 million (double the prior year) and total backlog was CAD 25.5 million, extending revenue visibility into 2027. After quarter-end, the company announced two additional materials orders in the medical sector totaling CAD 2.8 million. Founded in 1990 and headquartered in Sherbrooke, Quebec, Canada, Tekna is a leading global supplier of radio-frequency plasma-atomized spherical powders, covering titanium alloys, nickel-based superalloys, and refractory metal spherical powders, primarily serving aerospace, defense, and medical markets. Revenue, orders, and backlog are all rising together at this specialist powder producer, with revenue visibility extending into 2027 — a direct signal of the business climate for metal powders. Aerospace and defense demand is the main growth engine. Prime powder demand continues to exceed by-product demand, and aerospace, defense, and medical customer orders are already booked into 2027 — buyers of high-end spherical powders would be well advised to secure capacity and long-term agreements early.