TSATNasdaqCommunications Services, NECFiscal year ends December 31

Telesat Corp

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 17, 2026

$44.88−0.08 (-0.18%)

Close on Oct 19, 2026

Telesat Corp balance sheet

Annual Quarterly

CAD USD

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	FY 2018 2018-12-31
Cash & Equivalents	510	552	1,669	1,678	1,450	818	1,027	768
Cash & Short-Term Investments	510	552	1,669	1,678	1,450	818	1,027	768
Receivables	58	159	78	41	123	52	–	–
Inventory	1.49	1.46	4.32	2.02	17	5.22	–	–
Prepaid Expenses & Other	190	243	279	326	–	–	–	–
Other Current Assets	18	34	1.68	–	0.22	8.30	–	–
Total Current Assets	832	1,021	1,817	1,788	1,617	894	–	–
Property, Plant & Equipment	2,717	2,277	1,260	1,364	1,430	1,319	–	–
Goodwill	2,215	2,613	2,447	2,447	2,447	2,447	–	–
Intangible Assets	442	497	693	757	763	779	–	–
Deferred Tax Assets	4.23	3.06	2.95	50	46	80	–	–
Other Long-Term Assets	369	517	80	48	31	1.50	–	–
Total Assets	6,604	6,945	6,313	6,480	6,362	5,581	–	–
Accounts Payable	57	158	44	44	55	30	–	–
Short-Term Debt	2,341	–	–	–	–	–	–	–
Current Debt	2,341	–	–	–	–	–	–	–
Current Portion of Leases	2.73	2.04	2.22	2.12	1.95	2.13	–	–
Current Income Taxes Payable	2.77	5.91	1.92	3.48	5.62	7.33	–	–
Other Current Liabilities	58	66	63	76	85	89	–	–
Total Current Liabilities	3,317	257	138	171	182	162	–	–
Long-Term Debt	1,152	3,097	3,197	3,850	3,793	3,187	–	–
Long-Term Leases	37	31	31	32	–	–	–	–
Operating Lease Liabilities	1.90	1.80	1.70	1.70	2.10	1.90	–	–
Deferred Tax Liabilities	92	176	235	271	296	326	–	–
Other Long-Term Liabilities	262	289	329	327	371	411	–	–
Total Liabilities	4,834	4,448	3,914	4,639	4,666	4,121	–	–
Total Debt	3,494	3,097	3,197	3,850	3,793	3,187	–	–
Common Stock	70	59	51	47	43	156	–	–
Retained Earnings	331	467	534	356	350	1,267	–	–
Shareholders' Equity	531	710	662	481	416	1,460	–	–
Noncontrolling Interest	1,239	1,786	1,737	1,359	1,281	–	–	–
Total Equity	1,770	2,497	2,399	1,840	1,702	1,458	1,245	1,093
Total Liabilities & Equity	6,604	6,945	6,313	6,480	6,362	5,581	–	–
Shares Outstanding(shares)	15	14	14	13	12	–	–	–

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 Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: -123.5%
Net margin: -102.9%
Return on equity, FY2025: -25.0%

Financial strength

Current ratio: 0.17
Debt to equity: 10.07
Debt to assets: 56.1%
Cash to current liabilities: 9.1%

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.