Telesat Corporation (TSAT)

Nasdaq: TSAT · Communications Services, NEC · Ottawa, ON · filing with the SEC since 2021

Grade3.6

◀ Past 4.2● Present 3.4▶ Future 3.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of Canadian dollars (CAD), as filed; per-share figures in Canadian dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Report filed	Mar 17, 2026	Mar 27, 2025	Mar 28, 2024	Mar 29, 2023	Mar 18, 2022	·	·
Revenue	417,956	571,044	704,161	759,169	758,212	820,468	910,893
For lenders
Net interest income	26,183	23,314	66,532	23,476^r	187,994	203,760	258,261
Cost of revenue	·	37,972	38,515	54,004	30,215	33,370	37,224
Research and development	11,600	11,600	·	·	·	·	·
Total operating expenses	211,772	207,767	204,552	258,989	236,949^r	181,632^r	165,499
Operating income	-303,876	-40,265	568,846	296,453	409,123^r	404,541^r	478,289
Finance costs	217,669	243,757	270,350	221,756	187,994	203,760	258,261
Interest income	·	·	·	23,564	4,392	7,668	20,268
Net finance income (costs)	·	·	·	-30,188	233,402	240,467	·
Other gains and losses	-361,167	-264,931	264,999	7	107,615	-215	-862
Income before income taxes	-597,595	-315,503	672,866	-30,188^r	233,402^r	244,820^r	187,198
Income tax expense	-67,378	-13,037	89,596	51,409^r	71,035^r	-4,353	15,122
Net income	-530,217	-302,466	583,270	-81,597^r	162,367^r	244,820^r	187,198
Net income to non-controlling interests	-374,863	-214,746	426,152	-57,833^r	69,835^r	·	·
Net income to shareholders	-155,354	-87,720	157,118	-23,764^r	92,532^r	244,820^r	187,198
Earnings per share, basic	-10.61	-6.29	11.71	-1.93^r	2.05^r	4.95^r	3.78
Earnings per share, diluted	-10.61	-6.29	11.29	-1.93^r	1.99^r	4.92^r	3.76
Weighted average shares, basic	14,640,626	13,937,443	13,417,290	12,311,264	45,168,650	49,537,082	49,519,663
Weighted average shares, diluted	14,640,626	13,937,443	15,288,221	12,311,264	46,620,495	49,804,886	49,806,301

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldifrs-full:Revenue

Net interest income interest earned less interest paidifrs-full:InterestRevenueExpense

Cost of revenue what it cost to make or buy what it soldifrs-full:CostOfSales

Research and development spent on inventing what it sells nextifrs-full:ResearchAndDevelopmentExpense

Total operating expenses the running costs togetherifrs-full:OperatingExpense

Operating income profit from running the business, before interest and taxifrs-full:ProfitLossFromOperatingActivities

Finance costs what its borrowing costifrs-full:InterestExpense

Interest income what its cash and investments earnedifrs-full:RevenueFromInterest

Net finance income (costs) interest earned less interest paid, outside the businessifrs-full:FinanceIncomeCost

Other gains and losses gains and costs outside the businessifrs-full:OtherGainsLosses

Income before income taxes profit before taxifrs-full:ProfitLossBeforeTax

Income tax expense tax charged on the period's profitifrs-full:IncomeTaxExpenseContinuingOperations

Net income the whole group's profit, minority holders' share includedifrs-full:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersifrs-full:ProfitLossAttributableToNoncontrollingInterests

Net income to shareholders the profit or loss that belongs to the company's shareholdersifrs-full:ProfitLossAttributableToOwnersOfParent

Earnings per share, basic net income per share outstandingifrs-full:BasicEarningsLossPerShare

Earnings per share, diluted net income per share, counting every share that could be issuedifrs-full:DilutedEarningsLossPerShare

Weighted average shares, basic the average count of shares outstandingifrs-full:WeightedAverageShares

Weighted average shares, diluted the average count with every share that could be issuedifrs-full:AdjustedWeightedAverageShares

SI Assistanton TSAT · research, not advice