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Consolidated Statements of Income (Loss) - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 571,044 $ 704,161 $ 759,169
Operating expenses (207,767) (204,552) (258,989)
Depreciation (127,274) (182,669) (188,755)
Amortization (11,337) (13,093) (14,979)
Other operating gains (losses), net (264,931) 264,999 7
Operating income (40,265) 568,846 296,453
Interest expense (243,757) (270,350) (221,756)
Gain on repurchase of debt 202,493 230,080 106,916
Interest and other income 23,314 66,532 23,476
Gain (loss) on changes in fair value of financial instruments (12,761) 4,314
Gain (loss) on foreign exchange (244,527) 77,758 (239,591)
Income (loss) before income taxes (315,503) 672,866 (30,188)
Tax (expense) recovery 13,037 (89,596) (51,409)
Net income (loss) (302,466) 583,270 (81,597)
Net income (loss) attributable to:      
Telesat Corporation shareholders (87,720) 157,118 (23,764)
Non-controlling interest (214,746) 426,152 (57,833)
Net income (loss) $ (302,466) $ 583,270 $ (81,597)
Net income (loss) per common share attributable to Telesat Corporation shareholders      
Basic (in Dollars per share) $ (6.29) $ 11.71 $ (1.93)
Diluted (in Dollars per share) $ (6.29) $ 11.29 $ (1.93)
Total Weighted Average Common Shares Outstanding      
Basic (in Shares) 13,937,443 13,417,290 12,311,264
Diluted (in Shares) 13,937,443 15,288,221 12,311,264