Telesat Corporation (TSAT)
 NASDAQ: TSAT · Real-Time Price · USD
 27.89
 -1.83 (-6.16%)
  Nov 4, 2025, 9:39 AM EST - Market open
Telesat Income Statement
Financials in millions CAD. Fiscal year is January - December.
 Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year  | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 | 
|---|---|---|---|---|---|---|---|
Period Ending  | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 | 
| 451.91 | 571.04 | 704.16 | 759.17 | 758.21 | 820.47 | Upgrade   | |
Revenue Growth (YoY)     | -25.79% | -18.90% | -7.25% | 0.13% | -7.59% | -9.93% | Upgrade   | 
Cost of Revenue     | 221.65 | 205.97 | 202.85 | 258.99 | 236.95 | 181.63 | Upgrade   | 
Gross Profit     | 230.26 | 365.08 | 501.31 | 500.18 | 521.26 | 638.84 | Upgrade   | 
Selling, General & Admin     | 1.41 | 2.79 | 2.56 | 2.39 | 3.68 | 4.1 | Upgrade   | 
Amortization of Goodwill & Intangibles     | 36.75 | 11.34 | 13.09 | 14.98 | 15.98 | 17.2 | Upgrade   | 
Other Operating Expenses     | -4.07 | - | -344.68 | - | -108.46 | - | Upgrade   | 
Operating Expenses     | 139.08 | 141.41 | -146.36 | 206.12 | 114.97 | 238.18 | Upgrade   | 
Operating Income     | 91.17 | 223.67 | 647.67 | 294.06 | 406.3 | 400.66 | Upgrade   | 
Interest Expense     | -221.32 | -242.76 | -269.49 | -219.37 | -184.32 | -199.66 | Upgrade   | 
Interest & Investment Income     | 27.72 | 66 | 63.84 | 23.56 | 3.42 | 5.2 | Upgrade   | 
Currency Exchange Gain (Loss)     | -92.5 | -244.53 | 77.76 | -239.59 | 27.54 | 47.61 | Upgrade   | 
Other Non Operating Income (Expenses)     | -165.22 | -55.44 | 2.69 | 4.23 | -18.68 | -13.12 | Upgrade   | 
EBT Excluding Unusual Items     | -360.15 | -253.07 | 522.47 | -137.11 | 234.25 | 240.68 | Upgrade   | 
Gain (Loss) on Sale of Assets     | -0.17 | 2.09 | 0.06 | 0.01 | -0.85 | -0.22 | Upgrade   | 
Asset Writedown     | -267.02 | -267.02 | -79.74 | - | - | - | Upgrade   | 
Other Unusual Items     | 17.76 | 202.49 | 230.08 | 106.92 | - | - | Upgrade   | 
Pretax Income     | -609.58 | -315.5 | 672.87 | -30.19 | 233.4 | 240.47 | Upgrade   | 
Income Tax Expense     | -65.33 | -13.04 | 89.6 | 51.41 | 71.04 | -4.35 | Upgrade   | 
Earnings From Continuing Operations     | -544.24 | -302.47 | 583.27 | -81.6 | 162.37 | 244.82 | Upgrade   | 
Minority Interest in Earnings     | 388.12 | 214.75 | -426.15 | 57.83 | -69.84 | - | Upgrade   | 
Net Income     | -156.12 | -87.72 | 157.12 | -23.76 | 92.53 | 244.82 | Upgrade   | 
Net Income to Common     | -156.12 | -87.72 | 157.12 | -23.76 | 92.53 | 244.82 | Upgrade   | 
Net Income Growth     | - | - | - | - | -62.20% | 30.78% | Upgrade   | 
Shares Outstanding (Basic)     | 14 | 14 | 13 | 12 | 45 | 50 | Upgrade   | 
Shares Outstanding (Diluted)     | 14 | 14 | 15 | 12 | 47 | 50 | Upgrade   | 
Shares Change (YoY)     | -8.20% | -8.83% | 24.18% | -73.59% | -6.39% | -0.00% | Upgrade   | 
EPS (Basic)     | -10.79 | -6.29 | 11.71 | -1.93 | 2.05 | 4.94 | Upgrade   | 
EPS (Diluted)     | -11.05 | -6.29 | 11.29 | -1.93 | 1.99 | 4.92 | Upgrade   | 
EPS Growth     | - | - | - | - | -59.55% | 30.85% | Upgrade   | 
Free Cash Flow     | -1,011 | -1,048 | 43.82 | 175.05 | -18.17 | 279.48 | Upgrade   | 
Free Cash Flow Per Share     | -69.87 | -75.19 | 2.87 | 14.22 | -0.39 | 5.61 | Upgrade   | 
Gross Margin     | 50.95% | 63.93% | 71.19% | 65.89% | 68.75% | 77.86% | Upgrade   | 
Operating Margin     | 20.18% | 39.17% | 91.98% | 38.73% | 53.59% | 48.83% | Upgrade   | 
Profit Margin     | -34.55% | -15.36% | 22.31% | -3.13% | 12.20% | 29.84% | Upgrade   | 
Free Cash Flow Margin     | -223.65% | -183.53% | 6.22% | 23.06% | -2.40% | 34.06% | Upgrade   | 
EBITDA     | 229.48 | 358.85 | 840.03 | 497.8 | 626.05 | 634.74 | Upgrade   | 
EBITDA Margin     | 50.78% | 62.84% | 119.30% | 65.57% | 82.57% | 77.36% | Upgrade   | 
D&A For EBITDA     | 138.31 | 135.17 | 192.36 | 203.73 | 219.76 | 234.08 | Upgrade   | 
EBIT     | 91.17 | 223.67 | 647.67 | 294.06 | 406.3 | 400.66 | Upgrade   | 
EBIT Margin     | 20.18% | 39.17% | 91.98% | 38.73% | 53.59% | 48.83% | Upgrade   | 
Effective Tax Rate     | - | - | 13.32% | - | 30.44% | - | Upgrade   | 
Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.