Unaudited Interim Condensed Consolidated Statements of Changes in Shareholders’ Equity - CAD ($) $ in Thousands |
Telesat Corporation Shares |
Accumulated earnings |
Equity- settled employee benefits reserve |
Foreign currency translation reserve |
Total reserves |
Total Telesat Corporation shareholders’ equity |
Non- controlling Interest |
Total |
|---|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2024 | $ 59,082 | $ 467,333 | $ 70,955 | $ 112,910 | $ 183,865 | $ 710,280 | $ 1,786,425 | $ 2,496,705 |
| Net income (loss) | (15,538) | (15,538) | (35,919) | (51,457) | ||||
| Issuance of share capital on settlement of restricted share units, performance share units, and the exercise of stock options | 6,855 | 4,897 | (994) | 1,843 | 849 | 12,601 | (19,374) | (6,773) |
| Exchange of Limited Partnership units for Public Shares | 34 | 34 | (34) | |||||
| Other comprehensive income (loss), net of tax (expense) recovery | 300 | 300 | 300 | 1,452 | 1,752 | |||
| Share-based compensation | 939 | 939 | 939 | 2,306 | 3,245 | |||
| Balance at Mar. 31, 2025 | 65,971 | 456,692 | 70,900 | 115,053 | 185,953 | 708,616 | 1,734,856 | 2,443,472 |
| Net income (loss) | (139,816) | (139,816) | (338,944) | (478,760) | ||||
| Issuance of share capital on settlement of restricted share units, performance share units, and the exercise of stock options | 3,347 | 1,762 | (71) | 380 | 309 | 5,418 | (6,161) | (743) |
| Exchange of Limited Partnership units for Public Shares | 679 | 8,755 | 1,131 | 1,073 | 2,204 | 11,638 | (11,638) | |
| Other comprehensive income (loss), net of tax (expense) recovery | 3,421 | (60,443) | (60,443) | (57,022) | (144,296) | (201,318) | ||
| Share-based compensation | 1,986 | 1,986 | 1,986 | 4,959 | 6,945 | |||
| Balance at Dec. 31, 2025 | 69,997 | 330,814 | 73,946 | 56,063 | 130,009 | 530,820 | 1,238,776 | 1,769,596 |
| Net income (loss) | (45,495) | (45,495) | (105,454) | (150,949) | ||||
| Issuance of share capital on settlement of restricted share units, performance share units, and the exercise of stock options | 17,116 | (722) | (1,262) | 958 | (304) | 16,090 | (30,177) | (14,087) |
| Exchange of Limited Partnership units for Public Shares | 4 | 108 | 6 | 4 | 10 | 122 | (122) | |
| Other comprehensive income (loss), net of tax (expense) recovery | 16,552 | 16,552 | 16,552 | 39,740 | 56,292 | |||
| Share-based compensation | 926 | 926 | 926 | 2,206 | 3,132 | |||
| Balance at Mar. 31, 2026 | $ 87,117 | $ 284,705 | $ 73,616 | $ 73,577 | $ 147,193 | $ 519,015 | $ 1,144,969 | $ 1,663,984 |