TSAT

Telesat Corporation

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Latest Quote

$42.82

-2.88 (-6.30%)
Current Price
Previous Close $45.70
Open $45.07
Day High $45.99
Day Low $42.70
Volume 140,460
Fetched: 2026-08-31T11:37:47
Stock Information
Note: Financial values converted from CAD to USD
Shares Outstanding 15.11M
Total Debt $2.76B
Cash Equivalents $275.94M
Revenue $260.40M
Net Income $-267.91M
Sector Technology
Industry Communication Equipment
Market Cap $2.20B
EPS (TTM) $-18.13
Exchange NMS
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Recent Price History
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About Telesat Corporation

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services, such as direct-to-home television, video distribution and contribution, and occasional use services; enterprise services, including telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. It also provides satellites for full-time transmission of television programming; and government services. In addition, the company offers satellite capacity and end-to-end services for data and voice transmission to telecommunications carriers and integrators; and space segment services and terrestrial facilities for enterprise connectivity, internet backhaul, and cellular backhaul, as well as rural telephony services to telecommunications carriers and network services integrators. Further, it provides direct-to-consumer broadband services; communications services to offshore, oil and gas, and mining industries; and installation and maintenance of the end user terminal, as well as the provision of satellite capacity and other network elements. Additionally, the company operates satellite and terrestrial networks that support enterprise and retail activities. It offers its services through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $16,393,313 $27,387,341 $27,778,980 $38,950,436
Cost Of Revenue $16,393,313 $27,387,341 $27,778,980 $38,950,436
Total Revenue $301,451,162 $411,866,027 $507,876,790 $547,551,362
Operating Revenue $301,451,162 $411,866,027 $507,876,790 $547,551,362
Expenses
Interest Expense $157,764,269 $175,918,155 $195,427,994 $159,941,726
Total Expenses $260,129,974 $249,825,462 $40,126,075 $333,739,403
Other Income Expense $-332,506,785 $-261,387,114 $166,501,503 $-92,638,915
Other Non Operating Income Expenses $1,720,905 $-30,784,433 $1,943,050 $-63,470
Net Non Operating Interest Income Expense $-139,830,364 $-128,210,290 $-148,946,976 $-142,946,168
Interest Expense Non Operating $157,764,269 $175,918,155 $195,427,994 $159,941,726
Operating Expense $243,736,661 $222,438,120 $12,347,095 $294,788,967
Other Operating Expenses $69,545,180 $42,889,188 $-213,894,182 $38,104,409
General And Administrative Expense $66,802,263 $79,575,617 $85,047,748 $109,741,217
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-112,049,220 $-63,268,133 $113,321,507 $-17,139,808
Net Interest Income $-139,830,364 $-128,210,290 $-148,946,976 $-142,946,168
Interest Income $17,933,905 $47,707,865 $46,481,017 $16,995,557
Normalized Income $184,511,009 $157,810,657 $-29,317,760 $51,171,613
Net Income From Continuing And Discontinued Operation $-112,049,220 $-63,268,133 $113,321,507 $-17,139,808
Total Operating Income As Reported $-219,170,854 $-29,041,170 $410,280,718 $213,817,008
Average Dilution Earnings $0 $0 $11,169,292 $0
Net Income Common Stockholders $-112,049,220 $-63,268,133 $113,321,507 $-17,139,808
Net Income $-112,049,220 $-63,268,133 $113,321,507 $-17,139,808
Net Income Including Noncontrolling Interests $-382,419,515 $-218,153,890 $420,684,042 $-58,851,914
Net Income Continuous Operations $-382,419,515 $-218,153,890 $420,684,042 $-58,851,914
Pretax Income $-431,015,961 $-227,556,838 $485,305,242 $-21,773,124
Special Income Charges $-255,518,295 $-45,033,467 $108,475,422 $77,118,315
Interest Income Non Operating $17,933,905 $47,707,865 $46,481,017 $16,995,557
Operating Income $41,321,188 $162,040,566 $467,750,715 $213,811,959
Depreciation Amortization Depletion Income Statement $107,389,218 $99,973,315 $141,193,528 $146,943,341
Depreciation And Amortization In Income Statement $107,389,218 $99,973,315 $141,193,528 $146,943,341
Amortization Of Intangibles Income Statement $31,864,146 $8,176,822 $9,443,339 $10,803,618
Depreciation Income Statement $75,525,072 $91,796,493 $131,750,190 $136,139,723
Gross Profit $285,057,849 $384,478,686 $480,097,810 $508,600,926
Per Share
Diluted EPS $-7.65 $-4.54 $8.14 $-1.37
Basic EPS $-7.65 $-4.54 $8.45 $-1.37
Other
Tax Effect Of Unusual Items $-37,667,461 $-9,523,891 $21,919,186 $-24,264,024
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $168,365,216 $278,937,314 $657,368,311 $377,687,387
Total Unusual Items $-334,227,690 $-230,602,681 $164,558,453 $-92,575,444
Total Unusual Items Excluding Goodwill $-334,227,690 $-230,602,681 $164,558,453 $-92,575,444
Reconciled Depreciation $107,389,218 $99,973,315 $141,193,528 $146,943,341
EBITDA (Bullshit earnings) $-165,862,475 $48,334,632 $821,926,764 $285,111,943
EBIT $-273,251,692 $-51,638,683 $680,733,235 $138,168,602
Diluted Average Shares $10,559,565 $10,052,394 $11,026,644 $8,879,511
Basic Average Shares $10,559,565 $10,052,394 $9,677,233 $8,879,511
Diluted NI Availto Com Stockholders $-112,049,220 $-63,268,133 $124,490,799 $-17,139,808
Minority Interests $270,370,295 $154,885,757 $-307,362,535 $41,712,106
Tax Provision $-48,596,447 $-9,402,949 $64,621,200 $37,078,790
Gain On Sale Of Ppe $2,760,227 $-385,148 $42,554 $5,049
Gain On Sale Of Business $165,888 $1,889,677 $0 $0
Other Special Charges $-4,973,747 $-146,048,269 $-165,945,419 $-77,113,267
Impairment Of Capital Assets $263,418,157 $192,586,265 $57,512,551 $0
Gain On Sale Of Security $-78,709,395 $-185,569,214 $56,083,031 $-169,693,760
Amortization $31,864,146 $8,176,822 $9,443,339 $10,803,618
Selling General And Administration $66,802,263 $79,575,617 $85,047,748 $109,741,217
Salaries And Wages $66,802,263 $79,575,617 $85,047,748 $109,741,217
Fetched: 2026-08-25
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-1,533,403,321 $-1,731,116,238 $-1,786,856,675 $-1,963,277,542
Total Assets $4,762,984,762 $5,009,216,952 $4,553,522,668 $4,673,412,607
Total Non Current Assets $4,162,862,139 $4,272,623,551 $3,243,234,722 $3,383,608,188
Other Non Current Assets $626,767 $7,213 $217,818 $217,818
Non Current Prepaid Assets $19,798,339 $1,133,085 $719,808 $672,206
Non Current Deferred Assets $170,139,493 $302,557,561 $2,130,575 $36,229,156
Non Current Deferred Taxes Assets $3,051,613 $2,206,307 $2,130,575 $36,051,007
Non Current Accounts Receivable $17,409,555 $11,324,361 $9,471,467 $18,004,587
Goodwill And Other Intangible Assets $1,916,257,750 $2,243,406,362 $2,264,265,661 $2,310,513,715
Other Intangible Assets $318,993,428 $358,797,825 $499,650,923 $545,898,977
Current Assets $600,122,623 $736,593,400 $1,310,287,946 $1,289,804,419
Other Current Assets $12,991,893 $24,445,358 $29,569,846 $24,302,551
Current Deferred Assets $161,755,672 $172,027,728 $178,149 $190,410
Prepaid Assets $9,871,041 $4,758,093 $4,765,305 $10,344,181
Inventory $1,071,779 $1,050,863 $3,113,640 $1,459,091
Receivables $46,429,809 $135,727,168 $68,373,869 $43,027,668
Other Receivables $20,094,773 $79,810,024 $22,165,484 $8,652,848
Taxes Receivable $4,292,886 $21,098,754 $11,907,853 $13,277,509
Accounts Receivable $22,042,150 $34,818,390 $34,300,531 $21,097,312
Allowance For Doubtful Accounts Receivable $-9,962,639 $-6,419,855 $-4,664,330 $-3,534,851
Gross Accounts Receivable $32,004,790 $41,238,244 $38,964,861 $24,632,162
Cash Cash Equivalents And Short Term Investments $368,002,430 $398,584,191 $1,204,287,136 $1,210,480,518
Cash And Cash Equivalents $367,692,292 $398,176,684 $1,203,832,027 $1,210,109,074
Cash Equivalents $11,195,978 $9,572,443 $176,841,357 $6,155,877
Cash Financial $356,496,313 $388,604,242 $1,026,990,670 $1,203,953,197
Financial Assets - - - $0
Investmentin Financial Assets - - - $7,555,825
Debt
Net Debt $2,152,075,076 $1,835,259,826 $1,102,020,964 $1,566,765,505
Total Debt $2,548,696,022 $2,257,508,261 $2,329,898,776 $2,801,473,564
Long Term Debt And Capital Lease Obligation $858,177,558 $2,256,038,352 $2,328,299,763 $2,799,944,512
Long Term Debt $831,214,312 $2,233,436,511 $2,305,852,991 $2,776,874,579
Current Debt And Capital Lease Obligation $1,690,518,464 $1,469,909 $1,599,013 $1,529,052
Current Debt $1,688,553,055 - - -
Other Current Borrowings $1,688,553,055 - - -
Liabilities
Total Liabilities Net Minority Interest $3,486,661,966 $3,208,466,099 $2,823,253,900 $3,346,201,229
Total Non Current Liabilities Net Minority Interest $1,093,960,985 $3,023,408,972 $2,723,918,170 $3,222,581,701
Other Non Current Liabilities $7,278,143 $9,679,909 $10,774,047 $14,181,957
Liabilities Heldfor Sale Non Current $1,418,701 $1,294,645 $1,776,441 $1,769,229
Derivative Product Liabilities $0 $445,109,205 $0 -
Tradeand Other Payables Non Current $126,219 $126,219 $126,219 $126,219
Non Current Deferred Liabilities $179,963,652 $260,331,203 $331,469,627 $382,858,036
Non Current Deferred Taxes Liabilities $66,348,596 $126,611,277 $169,672,122 $195,636,435
Current Liabilities $2,392,700,982 $185,057,126 $99,335,730 $123,619,528
Other Current Liabilities $610,476,902 $7,000,462 $8,357,135 $10,523,773
Current Deferred Liabilities $32,693,584 $41,502,943 $39,748,861 $48,199,758
Payables And Accrued Expenses $58,331,892 $134,407,278 $49,464,111 $62,663,725
Interest Payable $13,950,436 $15,037,361 $15,664,849 $27,794,127
Payables $44,381,456 $119,369,917 $33,799,262 $34,869,598
Other Payable $37,699,787 $36,296,233 $28,169,177 $29,988,893
Total Tax Payable $2,947,753 $5,213,202 $2,333,968 $3,455,513
Income Tax Payable $1,999,308 $4,264,757 $1,385,523 $2,507,068
Accounts Payable $3,733,916 $77,860,483 $3,296,117 $1,425,192
Equity
Common Stock Equity $382,854,429 $512,290,125 $477,408,986 $347,236,172
Total Equity Gross Minority Interest $1,276,322,796 $1,800,750,853 $1,730,268,768 $1,327,211,378
Stockholders Equity $382,854,429 $512,290,125 $477,408,986 $347,236,172
Gains Losses Not Affecting Retained Earnings $93,769,115 $132,612,806 $55,253,593 $56,696,816
Retained Earnings $238,599,912 $337,064,370 $385,189,840 $256,962,240
Other
Ordinary Shares Number $10,705,977 $10,236,607 $9,816,472 $9,235,828
Share Issued $10,705,977 $10,236,607 $9,816,472 $9,235,828
Tangible Book Value $-1,533,403,321 $-1,731,116,238 $-1,786,856,675 $-1,963,277,542
Invested Capital $2,902,621,797 $2,745,726,635 $2,783,261,977 $3,124,110,751
Working Capital $-1,792,578,359 $551,536,274 $1,210,952,216 $1,166,184,891
Capital Lease Obligations $28,928,654 $24,071,750 $24,045,785 $24,598,985
Total Capitalization $1,214,068,742 $2,745,726,635 $2,783,261,977 $3,124,110,751
Minority Interest $893,468,367 $1,288,460,728 $1,252,859,781 $979,975,206
Capital Stock $50,485,403 $42,612,949 $36,965,554 $33,577,117
Common Stock $50,485,403 $42,612,949 $36,965,554 $33,577,117
Employee Benefits $46,996,712 $50,829,439 $51,472,074 $23,701,749
Non Current Deferred Revenue $113,615,056 $133,719,926 $161,797,504 $187,221,600
Long Term Capital Lease Obligation $26,963,246 $22,601,841 $22,446,772 $23,069,933
Current Deferred Revenue $32,693,584 $41,502,943 $39,748,861 $48,199,758
Current Capital Lease Obligation $1,965,409 $1,469,909 $1,599,013 $1,529,052
Current Provisions $680,140 $676,533 $166,609 $703,220
Current Accrued Expenses $13,950,436 $15,037,361 $15,664,849 $27,794,127
Defined Pension Benefit $79,202,009 $71,803,417 $57,438,262 $34,123,825
Goodwill $1,597,264,323 $1,884,608,537 $1,764,614,738 $1,764,614,738
Net PPE $1,959,428,226 $1,642,391,552 $908,991,130 $983,846,881
Accumulated Depreciation $-2,435,048,510 $-2,340,938,965 $-2,182,375,550 $-2,052,160,903
Gross PPE $4,394,476,736 $3,983,330,517 $3,091,366,679 $3,036,007,784
Construction In Progress $1,667,132,623 $1,240,374,206 $399,674,723 $339,157,440
Other Properties $2,655,327,205 $2,675,106,791 $2,628,667,606 $2,634,664,087
Buildings And Improvements $72,016,907 $67,849,519 $63,024,351 $62,186,257
Properties $0 $0 $0 $0
Other Inventories $855,404 $834,487 $1,094,138 $1,314,840
Work In Process $216,375 $216,375 $2,019,503 $144,250
Other Short Term Investments $310,138 $407,507 $455,109 $371,444
Preferred Stock - - $0 $0
Investments And Advances - - - $7,555,825
Available For Sale Securities - - - $7,555,825
Fetched: 2026-08-25
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-53,244,188 $-1,725,232 $82,130,288 $149,139,550
Operating Activities
Operating Cash Flow $48,110,323 $45,052,219 $122,655,215 $172,776,386
Cash Flow From Continuing Operating Activities $48,110,323 $45,052,219 $122,655,215 $172,776,386
Operating Gains Losses $-80,570,944 $32,886,158 $-217,978,626 $101,159,052
Investing Activities
Capital Expenditure $-101,354,511 $-46,777,452 $-40,524,927 $-23,636,836
Investing Cash Flow $-549,035,697 $-787,285,081 $152,940,543 $8,435,030
Cash Flow From Continuing Investing Activities $-549,035,697 $-787,285,081 $152,940,543 $8,435,030
Net Other Investing Changes $-447,231,847 $-743,113,509 $193,465,470 $32,071,866
Financing Activities
Financing Cash Flow $484,940,289 $-122,759,075 $-256,578,534 $-91,735,187
Cash Flow From Continuing Financing Activities $484,940,289 $-122,759,075 $-256,578,534 $-91,735,187
Net Other Financing Charges $-7,767,151 $-8,874,272 $-6,911,748 $-19,803,387
Cash Dividends Paid - - $0 $0
Preferred Stock Dividend Paid - - $0 $0
Other
Repayment Of Debt $-5,200,219 $-114,192,057 $-249,686,260 $-71,931,800
Issuance Of Debt $497,510,972 $0 $0 $0
Interest Paid Supplemental Data $147,994,204 $166,836,885 $196,126,165 $133,269,866
Income Tax Paid Supplemental Data $8,203,508 $49,486,470 $48,570,481 $71,250,218
End Cash Position $367,692,292 $398,176,684 $1,203,832,027 $1,210,109,074
Beginning Cash Position $398,176,684 $1,203,832,027 $1,210,109,074 $1,045,520,328
Effect Of Exchange Rate Changes $-14,499,308 $59,336,594 $-25,294,271 $75,112,516
Changes In Cash $-15,985,085 $-864,991,937 $19,017,224 $89,476,229
Proceeds From Stock Option Exercised $396,688 $307,253 $19,474 $0
Net Issuance Payments Of Debt $492,310,752 $-114,192,057 $-249,686,260 $-71,931,800
Net Long Term Debt Issuance $492,310,752 $-114,192,057 $-249,686,260 $-71,931,800
Long Term Debt Payments $-5,200,219 $-114,192,057 $-249,686,260 $-71,931,800
Long Term Debt Issuance $497,510,972 $0 $0 $0
Net Investment Purchase And Sale $-618,833 $0 $0 -
Net Business Purchase And Sale $169,494 $2,605,880 $0 $0
Sale Of Business $169,494 $2,605,880 $0 $0
Net Intangibles Purchase And Sale $0 $-37,505 $-9,568,836 $-51,209
Purchase Of Intangibles $0 $-37,505 $-9,568,836 $-51,209
Net PPE Purchase And Sale $-101,354,511 $-46,739,947 $-30,956,091 $-23,585,627
Purchase Of PPE $-101,354,511 $-46,739,947 $-30,956,091 $-23,585,627
Taxes Refund Paid $5,928,683 $-43,642,895 $-48,209,135 $-70,785,732
Interest Paid Cfo $-133,277,799 $-116,550,547 $-150,929,695 $-117,645,406
Change In Working Capital $52,877,071 $-32,542,843 $-28,281,692 $-4,864,116
Change In Other Current Liabilities $32,102,880 $-5,778,663 $-4,912,440 $-378,657
Change In Other Current Assets $-46,155,012 $-29,993,942 $-2,802,060 $-1,045,093
Change In Payables And Accrued Expense $-2,539,525 $13,183,025 $-2,946,310 $-5,097,802
Change In Payable $-2,539,525 $13,183,025 $-2,946,310 $-5,097,802
Change In Receivables $69,468,728 $-9,953,263 $-17,620,882 $1,657,435
Other Non Cash Items $105,059,577 $118,032,718 $-139,769,058 $94,221,339
Stock Based Compensation $2,989,585 $12,663,003 $23,812,100 $48,632,509
Unrealized Gain Loss On Investment Securities $155,312,737 $9,203,883 $0 $-3,111,477
Asset Impairment Charge $263,418,157 $192,586,265 $57,512,551 $0
Deferred Tax $-48,596,447 $-9,402,949 $64,621,200 $37,078,790
Deferred Income Tax $-48,596,447 $-9,402,949 $64,621,200 $37,078,790
Depreciation Amortization Depletion $107,389,218 $99,973,315 $141,193,528 $146,943,341
Depreciation And Amortization $107,389,218 $99,973,315 $141,193,528 $146,943,341
Amortization Cash Flow $31,864,146 $8,176,822 $9,443,339 $10,803,618
Amortization Of Intangibles $31,864,146 $8,176,822 $9,443,339 $10,803,618
Depreciation $75,525,072 $91,796,493 $131,750,190 $136,139,723
Pension And Employee Benefit Expense $3,932,260 $4,073,625 $4,092,378 $5,472,131
Net Foreign Currency Exchange Gain Loss $-76,603,342 $176,365,331 $-56,083,031 $172,805,236
Gain Loss On Sale Of Business $-165,888 $-1,889,677 $0 $0
Net Income From Continuing Operations $-382,419,515 $-218,153,890 $420,684,042 $-58,851,914
Sale Of Intangibles - - - $46,629,595
Gain Loss On Investment Securities - - - -
Fetched: 2026-08-25