TSATNasdaqCommunications Services, NECFiscal year ends December 31

Telesat Corp

Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 17, 2026

$44.88−0.08 (-0.18%)

Close on Oct 19, 2026

Telesat Corp income statement

Millions of CAD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31
Revenue	418	571	704	759	758	820	911
Cost of Revenue	–	38	39	54	30	33	37
Gross Profit	–	533	666	705	728	787	874
Research & Development	12	12	–	–	–	–	–
Operating Expenses	212	208	205	259	237	182	165
Operating Income	-304	-40	569	296	409	405	478
Interest Expense	218	244	270	222	188	204	152
Interest & Investment Income	–	–	–	–	236	241	202
Pretax Income	-598	-316	673	-30	233	245	187
Income Tax Expense	-67	-13	90	51	71	-4.35	15
Net Income incl. Noncontrolling Interests	-530	-302	583	-82	162	245	187
Minority Interest in Earnings	-375	-215	426	-58	70	–	–
Net Income	-155	-88	157	-24	93	245	187
EPS (Basic)(per share)	-10.61	-6.29	11.71	-1.93	2.05	4.95	3.78
EPS (Diluted)(per share)	-10.61	-6.29	11.29	-1.93	1.99	4.92	3.76
Shares Outstanding (Basic, Weighted)(shares)	15	14	13	12	45	50	50
Shares Outstanding (Diluted, Weighted)(shares)	15	14	15	12	47	50	50

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, TTM

Gross margin: –
Operating margin: -72.7%
Net margin: -37.2%
Return on equity, FY2025: -25.0%

Financial strength

Current ratio: 0.25
Debt to equity: 6.58
Debt to assets: 52.9%
Cash to current liabilities: 15.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.