Security
TSAT · Telesat Corp
TSATTSXCommon stockCurrentCIK 1845840Updated Sep 27, 2026
Name history
Telesat Corp · through Aug 14, 2026
TSAT price & chart
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TSX:TSAT on TradingView ↗In the news
Farcast completes Telesat Lightspeed antenna technology demonstration milestone ↗
Farcast completes Telesat Lightspeed antenna technology demonstration milestone ↗
Telesat secures $2.3 billion Arctic military satcom contract, expanding Telesat Lightspeed network and capacity by 44% ↗
Recent filings
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Financials
FY 2025 · CADSource
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Source
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cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit or LossCAD | -530,217,000Source | -302,466,000Source | 583,270,000Source | -80,117,000Source |
| Additional Financial Items | ||||
| AdjustmentsForCurrentTaxOfPriorPeriodCAD | -1,339,000Source | 6,000Source | 2,152,000Source | -2,072,000Source |
| AdjustmentsForDecreaseIncreaseInTradeAccountReceivableCAD | 96,317,000Source | -13,800,000Source | -24,431,000Source | 2,298,000Source |
| AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociatesCAD | 230,000Source | 2,620,000Source | — | — |
| AdjustmentsForIncomeTaxExpenseCAD | -67,378,000Source | -13,037,000Source | 89,596,000Source | — |
| AdjustmentsForSharebasedPaymentsCAD | 4,145,000Source | 17,557,000Source | 33,015,000Source | 67,428,000Source |
| Gain (Loss) on Extinguishment of DebtCAD | — | — | — | 106,916,000Source |
| GoodwillCAD | 2,214,575,000Source | 2,612,972,000Source | 2,446,603,000Source | 2,446,603,000Source |
| IncomeTaxesPaidRefundClassifiedAsOperatingActivitiesCAD | -8,220,000Source | 60,510,000Source | 66,841,000Source | 98,143,000Source |
| InterestPaidClassifiedAsFinancingActivitiesCAD | 205,191,000Source | 231,316,000Source | 271,925,000Source | 184,776,000Source |
| InterestPaidClassifiedAsOperatingActivitiesCAD | 184,787,000Source | 161,595,000Source | 209,261,000Source | 163,113,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesCAD | 20,404,000Source | 69,721,000Source | 62,664,000Source | 21,663,000Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesCAD | 2,709,000Source | 2,422,000Source | 2,171,000Source | 2,498,000Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesCAD | 689,789,000Source | — | — | — |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesCAD | — | 52,000Source | 13,267,000Source | 71,000Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesCAD | 4,501,000Source | 155,903,000Source | 344,014,000Source | 97,234,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Total RevenueCAD | 417,956,000Source | 571,044,000Source | 704,161,000Source | 759,169,000Source |
| Additional Financial Items | ||||
| ApplicableTaxRatenumber | 0.26Source | 0.26Source | 0.26Source | 0.26Source |
| AverageEffectiveTaxRatenumber | — | — | — | -1.65Source |
| BasicEarningsLossPerShareCAD/shares | -10.61Source | -6.29Source | 11.71Source | -1.9Source |
| CurrentTaxExpenseIncomeCAD | 12,967,000Source | 50,943,000Source | 75,780,000Source | 77,645,000Source |
| DeferredTaxExpenseIncomeCAD | -80,345,000Source | -63,980,000Source | 13,816,000Source | -27,716,000Source |
| DilutedEarningsLossPerShareCAD/shares | -10.61Source | -6.29Source | 11.29Source | -1.9Source |
| EmployeeBenefitsExpenseCAD | 92,620,000Source | 110,330,000Source | 117,917,000Source | 152,154,000Source |
| ImpairmentLossRecognisedInProfitOrLossGoodwillUSD | 302,200,000Source | 55,900,000Source | — | — |
| ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwillCAD | — | 497,500,000Source | 692,800,000Source | — |
| ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossCAD | 9,697,000Source | 6,552,000Source | 2,881,000Source | 2,339,000Source |
| IncomeTaxExpenseContinuingOperationsCAD | -67,378,000Source | -13,037,000Source | 89,596,000Source | 49,929,000Source |
| InterestExpenseCAD | 217,669,000Source | 243,757,000Source | 270,350,000Source | 221,756,000Source |
| InterestExpenseOnLeaseLiabilitiesCAD | 2,107,000Source | 1,518,000Source | 1,523,000Source | 1,611,000Source |
| NetForeignExchangeLossCAD | 40,000Source | — | — | — |
| OtherEmployeeExpenseCAD | 109,812,000Source | 99,554,000Source | 40,624,000Source | — |
| OtherOperatingIncomeExpenseCAD | -96,423,000Source | -59,465,000Source | -48,120,000Source | -258,989,000Source |
| PostemploymentBenefitExpenseDefinedContributionPlansCAD | 2,300,000Source | 4,800,000Source | — | 5,200,000Source |
| ProfitLossAttributableToNoncontrollingInterestsCAD | -374,863,000Source | -214,746,000Source | 426,152,000Source | -56,721,000Source |
| ProfitLossAttributableToOwnersOfParentCAD | -155,354,000Source | -87,720,000Source | 157,118,000Source | -23,396,000Source |
| ProfitLossBeforeTaxCAD | -597,595,000Source | -315,503,000Source | 672,866,000Source | -80,117,000Source |
| ProfitLossFromOperatingActivitiesCAD | -303,876,000Source | -40,265,000Source | 568,846,000Source | 296,453,000Source |
| ResearchAndDevelopmentExpenseCAD | 11,600,000Source | 11,600,000Source | — | — |
| RevenueFromInterestCAD | — | — | — | 23,564,000Source |