Telesat reported a net loss of CAD 558.55 million; revenue fell to CAD 79.49 million.
Loss attributable to shareholders widened to CAD 165.78 million, swinging from profit; basic EPS turned to a loss of CAD 10.89.
Operating results turned to a loss of CAD 12.74 million, swinging from operating income; interest expense eased to CAD 50.45 million.
Results were dominated by a CAD 471.93 million loss on change in fair value of financial instruments, alongside a CAD 19.9 million foreign-exchange loss.
Cash and cash equivalents ended at CAD 383.24 million; current indebtedness rose to CAD 2.74 billion tied to debt maturing from December 2026.
TSAT•
