Telesat Corporation (TSAT) Stock News, Apr-Sep 2025

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.

Vocus and Telesat have announced a significant partnership where Vocus will construct Australia's first Telesat Lightspeed LEO Landing Station in New South Wales. The agreement includes both infrastructure development and service commitments. Vocus will build and operate the Landing Station, providing fiber connectivity to Telesat's point of presence for their LEO satellite constellation launching in late 2026. The partnership includes a long-term commitment for Telesat Lightspeed services, featuring committed information rates and comprehensive service level agreements. A key highlight is the Terminal-to-Terminal direct connectivity capability, allowing secure communications bypassing terrestrial infrastructure. Vocus, which currently operates or has contracted 30 ground stations, will integrate Telesat's MEF 3.0 compliant Carrier Ethernet services into its portfolio, serving enterprise and government customers with secure, low-latency connectivity solutions.

Telesat (NASDAQ/TSX: TSAT) and Arab Satellite Communications Organization (Arabsat) have signed a Term Sheet for multi-Gbps capacity of Telesat Lightspeed connectivity services. The agreement, signed at CABSAT 2025 in Dubai, follows their 2024 MoU and establishes a framework for Arabsat to integrate Telesat Lightspeed LEO services into its multi-orbit satellite ecosystem. The partnership will provide broadband connectivity solutions for enterprise, telecom, government, and mobility sectors, featuring Committed Information Rates (CIRs) and Service Level Agreements (SLAs). The companies expect to finalize definitive agreements by December 2025.

Telesat reported its Q1 2025 financial results with mixed performance. The company's consolidated revenue was $117 million, marking a significant 23% decrease from Q1 2024. The company's Adjusted EBITDA was $67 million, down 39% year-over-year, with a margin of 57.7%. Despite revenue challenges, Telesat made notable progress with its Telesat Lightspeed program, securing contracts with Viasat, Orange, and ADN Telecom. The LEO backlog reached $1.1 billion, while GEO backlog stood at $1.0 billion. For 2025, Telesat maintains its guidance with expected revenues between $405-425 million and Adjusted EBITDA between $170-190 million. The company plans significant capital expenditures of $900-1,100 million, primarily for Telesat Lightspeed development.

Telesat (Nasdaq and TSX: TSAT) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Tuesday, May 6, 2025, at 10:30 a.m. EDT. The call will be led by Daniel S. Goldberg, President and CEO, and Andrew Browne, CFO.

Participants can join through multiple channels:

• Toll-free number (North America): +1-800-952-5114
• International number: +1-416-406-0743
• Access code: 5237299#

A webcast option is available at the provided link for listen-only access. Financial results will be posted on Telesat's website under the Investors section before the call. A replay will be accessible for two weeks until May 20, 2025, via phone (+1-800-408-3053 for North America, +1-905-694-9451 for international) using access code 3089004#.