Telesat Corporation posts third-quarter net loss as revenue declines

Reuters11-04

Telesat Corporation posts third-quarter net loss as revenue declines

Telesat Corporation reported revenue of $101.1 million for the three months ended September 30, 2025, down from $138.4 million in the same period in 2024. For the nine-month period, revenue was $323.9 million compared to $443.0 million in 2024. Operating expenses for the quarter were $57.9 million, up from $45.9 million last year, while depreciation decreased to $26.2 million from $32.2 million. Net income for the quarter was $67.8 million, following income before income taxes of $73.0 million and a tax expense of $5.2 million. Capital expenditures for the quarter totaled $1.8 million, compared to $324.7 million in the same period last year. The company's financial strategy continues to focus on compliance with financial covenants and maximizing returns to shareholders and stakeholders. The interim financial statements were approved by the Audit Committee on November 3, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief on November 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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