The financials
Telesat Corporation by the numbers
Telesat Corporation (TSAT) reported revenue of CAD 94M in Q4 2025 (quarter ended December 31, 2025), down 27% from the same quarter a year earlier. That came with net loss of CAD 126M. For the full year FY2025, revenue was CAD 418M (−27% year on year) and net income −CAD 155M.
| Income statement | Q4 2025 | Q4 2024 | Change |
|---|---|---|---|
| Revenue | CAD 94M | CAD 128M | −27% |
| Gross profit | n/a | CAD 118M | n/a |
| Operating income | −CAD 359M | −CAD 228M | n/a |
| Net income | −CAD 126M | −CAD 447M | n/a |
| Diluted EPS | −CAD 8.57 | −CAD 8.97 | n/a |
Communication Equipment
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