Financial Statements — TSAT
Balance Sheet
(in billions CAD)| Metric | Q3
2025 | Q2
2025 |
|---|
| Cash & Equivalents | 0.48 | 0.55 |
| Total Current Assets | 0.84 | 0.87 |
| Goodwill | 2.55 | 2.50 |
| Total Non-current Assets* | 6.09 | 5.88 |
| Total Assets | 6.93 | 6.75 |
| Total Current Liabilities | 0.20 | 0.17 |
| Total Non-current Liabilities* | 4.47 | 4.30 |
| Total Liabilities | 4.68 | 4.48 |
| Retained Earnings | 0.45 | 0.49 |
| Total Stockholder Equity | 2.25 | 2.28 |
* Derived from reported values
Income Statement
(in millions CAD) (except per-share rows)| Metric | Q3
2025 | Q2
2025 |
|---|
| Total Revenue | 101.06 | 106.11 |
| Total Operating Expenses | 57.85 | 50.56 |
| Operating Income | 5.98 | 17.87 |
| Interest Expense | 54.20 | 53.63 |
| Pretax Income | (137.90) | 79.33 |
| Tax Provision | (16.82) | 3.80 |
| Net Income | (121.08) | 75.53 |
| Basic EPS | (2.38) | 1.43 |
| Diluted EPS | (2.38) | 1.38 |
Cash Flow Statement
(in millions CAD)| Metric | Q3
2025 | Q2
2025 |
|---|
| Operating Cash Flow | 96.91 | 108.26 |
| Investing Cash Flow | (539.91) | (412.71) |
| Financing Cash Flow | 388.48 | 324.42 |
