Telesat Corporation (TSAT) — Financial statements
Income statement, balance sheet, and cash flow for Telesat Corporation — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 418↓26.9% | 571↓18.9% | 704↓7.2% | 759↑0.1% | 758 | |
| Cost of Revenue | 264↑595.3% | 38↓1.4% | 39↓28.7% | 54↑78.7% | 30 | |
| Gross Profit | 154↓71.2% | 533↓19.9% | 666↓5.6% | 705↓3.1% | 728 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 93↓16.1% | 110↓6.4% | 118↓22.5% | 152↓2.5% | 156 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 93↓16.1% | 110↓6.4% | 118↓22.5% | 152↓2.5% | 156 | |
| Other Expenses | 4↓99.2% | 463↑2292.6% | -21↓108.2% | 257↑57.6% | 163 | |
| Operating Expenses | 96↓83.2% | 573↑492.3% | 97↓76.3% | 409↑28.2% | 319 | |
| Total Costs & Expenses | 360↓41.0% | 611↑351.8% | 135↓70.8% | 463↑32.5% | 349 | |
| Operating Results | ||||||
| Operating Income | 57↑242.2% | -40↓107.1% | 569↑91.9% | 296↓27.5% | 409 | |
| Depreciation & Amortization | 149↑7.3% | 139↓29.2% | 196↓3.9% | 204↓7.3% | 220 | |
| EBITDA | 206↑207.4% | 67↓94.1% | 1,140↑188.3% | 395↓38.3% | 641 | |
| EBIT | 57↑180.0% | -72↓107.6% | 944↑392.7% | 192↓54.5% | 421 | |
| Interest & Other Income | ||||||
| Net Interest Income | -192↓8.2% | -178↑13.9% | -207↓4.2% | -198↓7.4% | -185 | |
| Interest Income | 26↓60.4% | 66↑2.6% | 64↑173.5% | 24↑589.4% | 3 | |
| Interest Expense | 219↓10.4% | 244↓10.0% | 271↑22.2% | 222↑18.0% | 188 | |
| Non-Operating Income | 0.00↓100.0% | 31↑108.4% | -375↓457.5% | 105↑954.6% | -12 | |
| Other Income / Expenses | -654↓137.7% | -275↓364.6% | 104↑131.8% | -327↓85.9% | -176 | |
| Income Before Tax | -597↓89.3% | -316↓146.9% | 673↑2328.9% | -30↓112.9% | 233 | |
| Income Tax Expense | -67↓416.4% | -13↓114.6% | 90↑74.3% | 51↓27.6% | 71 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -530↓75.2% | -302↓151.9% | 583↑814.8% | -82↓150.3% | 162 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -155↓77.0% | -88↓155.8% | 157↑761.2% | -24↓125.7% | 93 | |
| Bottom-Line Net Income | -155↓77.0% | -88↓155.8% | 157↑761.2% | -24↓125.7% | 93 | |
| EPS (Basic) | -10.61↓68.7% | -6.29↓155.7% | 11.29↑694.2% | -1.90↓114.5% | 13.12 | |
| EPS (Diluted) | -10.61↓68.7% | -6.29↓161.2% | 10.28↑641.1% | -1.90↓114.5% | 13.12 | |
| Weighted Average Shares | 15↑5.0% | 14↑0.1% | 14↑13.0% | 12↑2.4% | 12 | |
| Weighted Average Diluted Shares | 15↑5.0% | 14↓8.8% | 15↑24.2% | 12↑2.4% | 12 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.