Telesat FY2025 adjusted EBITDA fell 45% to CAD 213 million

Reuters03-17

Telesat FY2025 adjusted EBITDA fell 45% to CAD 213 million

Telesat published an earnings release reporting financial results for Q4 and FY 2025. FY 2025 revenue fell 27% to CAD 418 million, and adjusted EBITDA dropped 45% to CAD 213 million, which the company attributed mainly to rate and capacity reductions by North American DTH customers and lower revenue from enterprise customers serving rural broadband markets. FY 2025 net loss was CAD 530.22 million, and capital expenditure was CAD 708 million on an accrual basis. Q4 2025 revenue declined 26% to CAD 94.04 million, while adjusted EBITDA fell 46% to CAD 39.77 million. Dan Goldberg said Telesat still expects to launch the first Lightspeed satellites in late 2026, and forecast 2026 GEO revenue of CAD 300-320 million and total Lightspeed spending of CAD 1-1.2 billion.

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 via GlobeNewswire (Ref. ID: 202603170700PRIMZONEFULLFEED9673174) on March 17, 2026, and is solely responsible for the information contained therein.

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