v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - CAD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 383,241 $ 509,798
Trade and other receivables 54,529 58,422
Other current financial assets 556 430
Current income tax recoverable 19,425 5,952
Prepaid expenses and other current assets 256,313 257,456
Total current assets 714,064 832,058
Satellites, property and other equipment 3,067,722 2,716,708
Deferred tax assets 5,365 4,231
Other long-term financial assets 18,513 18,283
Long-term income tax recoverable 2,815 6,993
Other long-term assets 324,562 368,657
Intangible assets 428,877 442,278
Goodwill 2,198,887 2,214,575
Total assets 6,760,805 6,603,783
LIABILITIES    
Trade and other payables 50,176 57,447
Other current financial liabilities 1,344,570 857,637
Income taxes payable 117 2,772
Other current liabilities 54,656 58,431
Current indebtedness 2,742,738 2,341,145
Total current liabilities 4,192,257 3,317,432
Long-term indebtedness 1,051,429 1,152,462
Deferred tax liabilities 68,643 91,991
Other long-term financial liabilities 9,533 10,091
Other long-term liabilities 254,120 262,211
Total liabilities 5,575,982 4,834,187
SHAREHOLDERS’ EQUITY    
Share capital 87,186 69,997
Accumulated earnings 118,935 330,814
Reserves 170,483 130,009
Total Telesat Corporation shareholders’ equity 376,604 530,820
Non-controlling interest 808,219 1,238,776
Total shareholders’ equity 1,184,823 1,769,596
Total liabilities and shareholders’ equity $ 6,760,805 $ 6,603,783