v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - CAD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 522,725 $ 509,798
Trade and other receivables 58,823 58,422
Other current financial assets 426 430
Current income tax recoverable 10,054 5,952
Prepaid expenses and other current assets 265,780 257,456
Total current assets 857,808 832,058
Satellites, property and other equipment 2,885,263 2,716,708
Deferred tax assets 4,773 4,231
Other long-term financial assets 17,160 18,283
Long-term income tax recoverable 6,993 6,993
Other long-term assets 326,440 368,657
Intangible assets 435,544 442,278
Goodwill 2,158,085 2,214,575
Total assets 6,692,066 6,603,783
LIABILITIES    
Trade and other payables 88,845 57,447
Other current financial liabilities 889,850 857,637
Income taxes payable 44 2,772
Other current liabilities 59,704 58,431
Current indebtedness 2,374,537 2,341,145
Total current liabilities 3,412,980 3,317,432
Long-term indebtedness 1,270,275 1,152,462
Deferred tax liabilities 80,252 91,991
Other long-term financial liabilities 9,788 10,091
Other long-term liabilities 254,787 262,211
Total liabilities 5,028,082 4,834,187
SHAREHOLDERS’ EQUITY    
Share capital 87,117 69,997
Accumulated earnings 284,705 330,814
Reserves 147,193 130,009
Total Telesat Corporation shareholders’ equity 519,015 530,820
Non-controlling interest 1,144,969 1,238,776
Total shareholders’ equity 1,663,984 1,769,596
Total liabilities and shareholders’ equity $ 6,692,066 $ 6,603,783