TELESAT (TSAT) Stock News

Telesat (NASDAQ/TSX: TSAT) reported results for the quarter and nine months ended September 30, 2025. Consolidated revenue for Q3 was $101 million, down 27% year-over-year, and for the nine months was $324 million, down 27% year-over-year. Q3 Adjusted EBITDA was $47 million (margin 46.3%), down 51%; nine-month Adjusted EBITDA was $173 million (margin 53.4%), down 44%. Q3 net loss was $121 million; nine-month net loss was $97 million. Key items: distribution of 62% of Telesat Lightspeed equity, LEO backlog $1.1B, GEO backlog $900M, fleet utilization 69%, and 2025 guidance: revenue $405–425M, Adjusted EBITDA $170–190M, CapEx $900–1,100M.

Telesat (NASDAQ/TSX: TSAT) will hold its third quarter 2025 earnings conference call on Tuesday, November 4, 2025 at 10:30 a.m. EST to discuss results for the three- and nine-month periods ended September 30, 2025. A news release with financial results will be posted beforehand on the company’s Investors page.

Dial-in numbers: toll-free +1-800-715-9871 or +1-646-307-1963 (outside North America); access code 9159435. Webcast (listen-only): https://edge.media-server.com/mmc/p/dao6hwjc. Teleconference replay available from one hour after the call until 11:59 p.m. EST on November 18, 2025 (replay dial +1-800-770-2030; access code 9159435).

Telesat (Nasdaq and TSX: TSAT) purchased a land plot on Laforest Road, Timmins to develop a terrestrial Landing Station for its Telesat Lightspeed LEO satellite network.

The site connects Lightspeed to terrestrial Points of Presence and fibre, leveraging Timmins’ 2,200 km long-haul fibre, reliable hydroelectric power and regional energy options. Site preparation is underway and crews have begun clearing land; construction of antennas and networking equipment is scheduled to start in spring 2026. Telesat expects the Landing Station to extend broadband to rural and remote communities and support energy, mining, aviation and maritime users while contributing to Arctic coverage and national sovereignty.

Telesat (NASDAQ/TSX: TSAT) has expanded its partnership with Calian Group Ltd. (TSX: CGY) to develop the Operational Data Platform for the Telesat Lightspeed Low Earth Orbit (LEO) network. The platform will serve as the secure, real-time data backbone across Telesat's LEO satellite constellation, Landing Stations, and User Terminals.

Building upon their existing relationship, where Calian was selected in 2024 to deliver the LEO network's Element Management System (EMS), the new platform will be built using Calian's proprietary Centralized Management Platform (CMP). The system will enable real-time situational awareness, automated mission response, and secure data exchange between network components and operational platforms.

Telesat (NASDAQ/TSX: TSAT), a leading satellite operator, has announced the completion of an equity distribution involving its Telesat Lightspeed business. The company has distributed 62% of the equity to an indirect subsidiary of Telesat Corporation. This subsidiary is wholly-owned by Telesat Canada's parent entities and holds a non-guarantor status under Telesat Canada's debt documents.

The company emphasized that this internal restructuring will not affect its ongoing operations.

Telesat (NASDAQ and TSX: TSAT) has appointed Donald Tremblay as its new Chief Financial Officer, effective October 20, 2025. Tremblay, bringing over 35 years of financial expertise, will succeed Andrew Browne, who announced his retirement in March 2025 after serving as CFO since 2019.

Tremblay's notable achievements include growing Brookfield Renewable's market capitalization from $300 million to over $2.5 billion as CFO. His experience spans equity and debt capital markets, M&A, compliance, and risk management, with previous roles at Champion Iron and Transalta, where he demonstrated strong financial leadership and strategic capabilities.

Telesat (NASDAQ/TSX: TSAT) reported its Q2 2025 financial results, showing significant revenue challenges but progress in its Telesat Lightspeed program. The company reported Q2 revenue of $106 million, down 30% year-over-year, and Adjusted EBITDA of $59 million, a 43% decrease.

Despite revenue headwinds, Telesat achieved notable milestones, including a Lightspeed backlog exceeding $1 billion and a strategic agreement with Viasat Inc. The company's GEO backlog stands at $900 million with fleet utilization at 70%. Telesat maintained its 2025 guidance, projecting revenues between $405-425 million and Adjusted EBITDA of $170-190 million.

Telesat (NASDAQ/TSX: TSAT), a leading satellite operator, has announced its upcoming second quarter 2025 earnings conference call scheduled for August 6, 2025, at 10:00 a.m. EDT. The call will be hosted by CEO Daniel S. Goldberg and CFO Andrew Browne to discuss financial results for the three and six-month periods ended June 30, 2025.

The company will release its financial results on its website prior to the call. Investors can access the call via toll-free number (+1-800-715-9871) or international dial-in (+1-646-307-1963) using access code 3355041. A webcast will also be available, with replay access until August 20, 2025.

Telesat Corporation (Nasdaq and TSX: TSAT) held its 2025 annual general meeting of shareholders virtually on June 17th. Shareholders approved all items of business, including the appointment of Deloitte LLP as auditors and the election of all ten director nominees. The voting results showed strong support for most nominees, with Michael Targoff and Janet Yeung receiving the highest approval rates (approximately 98% of votes), while Dr. Mark H. Rachesky and Jane Craighead received relatively lower but still substantial support (around 94% of votes). The complete voting results will be available on SEDAR+ and EDGAR regulatory filing systems.