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Telesat Corporation

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 101.1M 106.1M 116.7M 128.0M 138.4M --
Operating Revenue 101.1M 106.1M 116.7M 128.0M 138.4M --
Cost Of Revenue 4.8M 4.3M 6.7M 10.0M 6.2M --
Gross Profit 96.3M 101.8M 110.0M 118.0M 132.2M --
Selling General And Administration 22.4M 21.6M 26.1M 34.6M 22.1M --
General And Administrative Expense 22.4M 21.6M 26.1M 34.6M 22.1M --
Depreciation And Amortization In Income Statement 37.5M 37.6M 36.8M 29.9M 35.0M --
Other Operating Expenses 30.6M 50.7M 20.3M 13.9M 17.6M --
Operating Expense 90.6M 88.2M 83.1M 78.4M 74.8M --
Operating Income 5.7M 17.9M 26.9M 39.7M 57.5M --
EBIT -83.4M 133.0M 6.4M -442.5M 132.5M --
Interest Expense 54.5M 53.6M 56.9M 58.0M 59.5M --
Interest Expense Non Operating 54.5M 53.6M 56.9M 58.0M 59.5M --
Interest Income 6.0M 6.8M 6.5M 9.0M 15.7M --
Interest Income Non Operating 6.0M 6.8M 6.5M 9.0M 15.7M --
Net Interest Income -48.5M -46.8M -50.5M -49.0M -43.8M --
Other Income Expense -95.2M 108.3M -27.0M -491.1M 59.3M --
Special Income Charges 251,000 6.9M 4.0M -258.4M 23.6M --
Gain On Sale Of Security -95.4M 101.4M -30.9M -190.1M 35.7M --
Pretax Income -137.9M 79.3M -50.5M -500.5M 73.0M --
Tax Provision -16.8M 3.8M 918,000 -53.2M 5.2M --
Tax Effect Of Unusual Items -11.6M 5.2M -4.0M -47.7M 4.2M --
Net Income From Continuing And Discontinued Operation -35.3M 21.0M -15.5M -126.3M 17.9M --
Net Income From Continuing Operation Net Minority Interest -35.3M 21.0M -15.5M -126.3M 17.9M --
Net Income Including Noncontrolling Interests -121.1M 75.5M -51.5M -447.2M 67.8M --
Minority Interests 85.8M -54.5M 35.9M 320.9M -49.9M --
Net Income Common Stockholders -35.3M 21.0M -15.5M -126.3M 17.9M --
Net Income -35.3M 21.0M -15.5M -126.3M 17.9M --
EBITDA -46.0M 170.5M 43.2M -412.6M 167.5M --
Normalized EBITDA 49.2M 62.3M 70.2M 35.9M 108.2M --
Reconciled Depreciation 37.5M 37.6M 36.8M 29.9M 35.0M --
Basic EPS -- 1.43 -1.08 -8.97 1.27 2.55
Diluted EPS -- 1.38 -1.08 -8.97 1.23 2.45
Basic Average Shares -- 14.7M 14.4M 14.1M 14.0M 13.9M
Diluted Average Shares -- 16.6M 14.4M 14.1M 16.1M 15.9M
Total Unusual Items -95.2M 108.3M -27.0M -448.5M 59.3M --
Total Unusual Items Excluding Goodwill -95.2M 108.3M -27.0M -448.5M 59.3M --
Tax Rate For Calcs 0.12 0.05 0.15 0.11 0.07 --
Normalized Income 48.3M -82.1M 7.4M 274.4M -37.2M --
Amortization 11.3M 11.6M 10.9M 2.9M 2.8M --
Amortization Of Intangibles Income Statement 11.3M 11.6M 10.9M 2.9M 2.8M --
Average Dilution Earnings 0.00 1.9M 0.00 -3.8M 1.9M --
Depreciation Amortization Depletion Income Statement 37.5M 37.6M 36.8M 29.9M 35.0M --
Depreciation Income Statement 26.2M 25.9M 25.9M 27.0M 32.2M --
Diluted NI Availto Com Stockholders -35.3M 21.0M -15.5M -130.1M 19.8M --
Gain On Sale Of Business 230,000 -- -- 0.00 2.6M --
Gain On Sale Of Ppe 21,000 -131,000 4.0M -168,000 -348,000 --
Net Income Continuous Operations -121.1M 75.5M -51.5M -447.2M 67.8M --
Net Non Operating Interest Income Expense -48.5M -46.8M -50.5M -49.0M -43.8M --
Other Special Charges -- -6.9M -- -8.8M -21.4M -172.3M
Reconciled Cost Of Revenue 4.8M 4.3M 6.7M 10.0M 6.2M --
Salaries And Wages 22.4M 21.6M 26.1M 34.6M 22.1M --
Total Expenses 95.3M 88.2M 89.8M 88.3M 81.0M --
Total Operating Income As Reported 6.0M 17.9M 30.8M -227.5M 59.7M --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 482.6M 547.4M 797.4M 552.1M 1.1B --
Cash Cash Equivalents And Short Term Investments 483.0M 547.8M 798.1M 552.6M 1.1B --
Cash Equivalents -- -- -- 13.3M -- --
Cash Financial -- -- -- 538.8M -- --
Other Short Term Investments 442,000 411,000 685,000 565,000 219,000 --
Accounts Receivable 53.2M 50.9M 62.3M 48.3M 61.2M --
Receivables 61.5M 71.4M 91.1M 188.2M 70.2M --
Inventory -- -- -- 1.5M -- --
Prepaid Assets -- -- -- 6.6M -- --
Other Current Assets 295.9M 253.2M 265.8M 33.9M 116.8M --
Current Assets 840.5M 872.4M 1.2B 1.0B 1.3B --
Gross PPE -- -- -- 5.5B -- --
Accumulated Depreciation -- -- -- -3.2B -- --
Net PPE 2.7B 2.5B 2.4B 2.3B 1.8B --
Goodwill 2.5B 2.5B 2.6B 2.6B 2.5B --
Goodwill And Other Intangible Assets 3.0B 3.0B 3.1B 3.1B 3.2B --
Other Intangible Assets 461.4M 470.2M 487.3M 497.5M 685.7M --
Investments And Advances 17.7M 14.9M 13.0M -- 6.2M 6.5M
Other Non Current Assets 396.4M 400.7M 417.8M 10,000 39.2M --
Total Non Current Assets 6.1B 5.9B 6.0B 5.9B 5.1B --
Total Assets 6.9B 6.8B 7.1B 6.9B 6.3B --
Current Debt -- -- -- -- 16.9M --
Current Debt And Capital Lease Obligation -- -- -- 2.0M 16.9M --
Accounts Payable 111.6M 90.0M 92.7M 108.0M 157.5M --
Payables 112.4M 91.1M 99.4M 165.5M 161.8M --
Payables And Accrued Expenses 112.4M 91.1M 99.4M 186.4M 161.8M --
Current Accrued Expenses -- -- -- 20.8M -- --
Current Deferred Revenue -- -- -- 57.5M -- --
Other Current Liabilities 91.9M 80.6M 105.6M 9.7M 111.3M --
Current Liabilities 204.4M 171.7M 205.0M 256.6M 290.1M --
Long Term Debt 3.3B 3.2B 3.4B 3.1B 2.9B --
Long Term Debt And Capital Lease Obligation 3.3B 3.2B 3.4B 3.1B 2.9B --
Long Term Capital Lease Obligation -- -- -- 31.3M -- --
Other Non Current Liabilities 1.0B 951.5M 950.3M 13.4M 264.0M --
Total Non Current Liabilities Net Minority Interest 4.5B 4.3B 4.5B 4.2B 3.4B --
Total Liabilities Net Minority Interest 4.7B 4.5B 4.7B 4.4B 3.7B --
Common Stock 68.5M 68.4M 66.0M 59.1M 56.5M --
Capital Stock 68.5M 68.4M 66.0M 59.1M 56.5M --
Retained Earnings 452.1M 487.3M 456.7M 467.3M 585.5M --
Gains Losses Not Affecting Retained Earnings 146.4M 120.5M 186.0M 183.9M 104.5M --
Common Stock Equity 667.0M 676.3M 708.6M 710.3M 746.5M --
Stockholders Equity 667.0M 676.3M 708.6M 710.3M 746.5M --
Total Equity Gross Minority Interest 2.2B 2.3B 2.4B 2.5B 2.6B --
Minority Interest 1.6B 1.6B 1.7B 1.8B 1.9B --
Total Capitalization 4.0B 3.9B 4.1B 3.8B 3.7B --
Net Tangible Assets -2.3B -2.3B -2.4B -2.4B -2.4B --
Tangible Book Value -2.3B -2.3B -2.4B -2.4B -2.4B --
Working Capital 636.2M 700.7M 950.0M 764.7M 974.6M --
Invested Capital 4.0B 3.9B 4.1B 3.8B 3.7B --
Total Debt 3.3B 3.2B 3.4B 3.1B 2.9B --
Net Debt 2.8B 2.6B 2.6B 2.5B 1.9B --
Share Issued 14.8M 14.8M 14.5M 14.2M 14.1M --
Ordinary Shares Number 14.8M 14.8M 14.5M 14.2M 14.1M --
Allowance For Doubtful Accounts Receivable -- -- -- -8.9M -- --
Available For Sale Securities 17.7M 14.9M 13.0M -- 6.2M 6.5M
Buildings And Improvements -- -- -- 94.1M -- --
Capital Lease Obligations -- -- -- 33.4M -- --
Construction In Progress -- -- -- 1.7B -- --
Current Capital Lease Obligation -- -- -- 2.0M -- --
Current Deferred Assets -- -- -- 238.5M -- --
Current Deferred Liabilities -- -- -- 57.5M -- --
Current Provisions -- -- -- 938,000 -- --
Defined Pension Benefit -- -- -- 99.6M -- --
Derivative Product Liabilities -- -- -- 617.1M -- --
Employee Benefits -- -- -- 70.5M -- --
Gross Accounts Receivable -- -- -- 57.2M -- --
Income Tax Payable 840,000 1.1M 6.7M 5.9M 4.4M --
Interest Payable -- -- -- 20.8M -- --
Investmentin Financial Assets 17.7M 14.9M 13.0M -- 6.2M 6.5M
Liabilities Heldfor Sale Non Current -- -- -- 1.8M -- --
Non Current Accounts Receivable 7.0M 7.0M 7.0M 15.7M 7.5M --
Non Current Deferred Assets 4.0M 3.4M 2.8M 419.5M 2.5M --
Non Current Deferred Liabilities 154.3M 165.1M 173.2M 360.9M 224.1M --
Non Current Deferred Revenue -- -- -- 185.4M -- --
Non Current Deferred Taxes Assets 4.0M 3.4M 2.8M 3.1M 2.5M --
Non Current Deferred Taxes Liabilities 154.3M 165.1M 173.2M 175.5M 224.1M --
Non Current Prepaid Assets -- -- -- 1.6M -- --
Other Current Borrowings -- -- -- -- 16.9M --
Other Inventories -- -- -- 1.2M -- --
Other Payable -- -- -- 50.3M -- --
Other Properties -- -- -- 3.7B -- --
Other Receivables -- -- -- 110.7M -- --
Properties -- -- -- 0.00 -- --
Taxes Receivable 8.3M 20.5M 28.8M 29.3M 9.0M --
Total Tax Payable 840,000 1.1M 6.7M 7.2M 4.4M --
Tradeand Other Payables Non Current -- -- -- 175,000 -- --
Work In Process -- -- -- 300,000 -- --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow -11.3M -30.7M 138.9M -1.7M -3.3M --
Cash Flow From Continuing Operating Activities -11.3M -30.7M 138.9M -1.7M -3.3M --
Depreciation And Amortization 37.5M 37.6M 36.8M 29.9M 35.0M --
Depreciation Amortization Depletion 37.5M 37.6M 36.8M 29.9M 35.0M --
Stock Based Compensation 3.0M 2.4M 3.2M 3.1M 3.1M --
Deferred Tax -16.8M 3.8M 918,000 -53.2M 5.2M --
Deferred Income Tax -16.8M 3.8M 918,000 -53.2M 5.2M --
Change In Working Capital -33.6M -9.9M 118.8M 30.5M -46.4M --
Change In Receivables -2.2M 6.9M 98.1M -8.6M -4.3M --
Change In Payables And Accrued Expense 15.6M -12.2M -1.6M 19.6M -2.0M --
Change In Payable 15.6M -12.2M -1.6M 19.6M -2.0M --
Change In Other Current Assets -48.0M -7.1M -6.7M 20.3M -33.0M --
Change In Other Current Liabilities 1.0M 2.5M 28.9M -773,000 -7.2M --
Other Non Cash Items 36.5M 35.0M 35.2M 67.4M 33.7M --
Capital Expenditure -30.3M -35.2M -34.7M -16.9M -16.2M --
Purchase Of PPE -30.3M -35.2M -34.7M -16.9M -16.2M --
Net PPE Purchase And Sale -30.3M -35.2M -34.7M -16.9M -16.2M --
Sale Of Business -- -- -- 2.4M -- --
Investing Cash Flow -127.2M -182.2M -230.6M -557.4M -314.2M --
Cash Flow From Continuing Investing Activities -127.2M -182.2M -230.6M -557.4M -314.2M --
Issuance Of Debt 65.0M 0.00 340.0M -- -- 0.00
Repayment Of Debt -623,000 -5.5M -515,000 -8.6M -20.0M --
Net Issuance Payments Of Debt 64.4M -5.5M 339.5M -8.6M -20.0M --
Financing Cash Flow 64.1M -8.1M 332.5M -12.1M -21.1M --
Cash Flow From Continuing Financing Activities 64.1M -8.1M 332.5M -12.1M -21.1M --
Effect Of Exchange Rate Changes 9.7M -29.1M 4.4M 45.9M -11.2M --
Changes In Cash -74.5M -220.9M 240.9M -571.2M -338.6M --
Beginning Cash Position 547.4M 797.4M 552.1M 1.1B 1.4B --
End Cash Position 482.6M 547.4M 797.4M 552.1M 1.1B --
Free Cash Flow -41.7M -65.9M 104.2M -18.6M -19.5M --
Interest Paid Supplemental Data -- -- 36.7M -- -- --
Amortization Cash Flow 11.3M 11.6M 10.9M 2.9M 2.8M --
Amortization Of Intangibles 11.3M 11.6M 10.9M 2.9M 2.8M --
Depreciation 26.2M 25.9M 25.9M 27.0M 32.2M --
Gain Loss On Sale Of Business -- -- -- 0.00 -- --
Interest Paid Cfo -31.6M -59.8M -31.4M -62.0M -24.0M --
Long Term Debt Issuance 65.0M 0.00 340.0M -- -- 0.00
Long Term Debt Payments -623,000 -5.5M -515,000 -8.6M -20.0M --
Net Business Purchase And Sale -- -- -- 2.4M -- --
Net Foreign Currency Exchange Gain Loss 32.3M -114.6M -2.5M 177.3M -35.7M --
Net Income From Continuing Operations -121.1M 75.5M -51.5M -447.2M 67.8M --
Net Intangibles Purchase And Sale 0.00 -- -- 0.00 0.00 --
Net Long Term Debt Issuance 64.4M -5.5M 339.5M -8.6M -20.0M --
Net Other Financing Charges -316,000 -2.6M -7.0M -3.9M -1.1M --
Net Other Investing Changes -97.1M -147.0M -195.8M -543.0M -299.2M --
Operating Gains Losses 33.4M -120.0M -5.1M 170.1M -57.9M --
Pension And Employee Benefit Expense 1.4M 1.4M 1.4M 1.4M 1.4M --
Proceeds From Stock Option Exercised -- -- -- 426,000 -- --
Purchase Of Intangibles 0.00 -- -- 0.00 0.00 --
Taxes Refund Paid 18.2M -8.4M -1.6M -20.0M -19.7M --
Unrealized Gain Loss On Investment Securities 63.1M 13.2M 33.4M -- -- 0.00
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