Telesat (TSAT) EBITDA (2020 - 2025)

Telesat (TSAT) has 6 years of EBITDA data on file, last reported at $28.5 million in Q4 2025.

• EBITDA for Q4 2025 came in at $28.5 million, down 45.77% year-over-year; the trailing twelve-month figure through Dec 2025 was $21.2 million (down 93.59% YoY), and the FY2025 annual result was $152.2 million, down 45.69% from the prior year.
• EBITDA rose to $28.5 million in Q4 2025 per TSAT's latest filing, from -$14.7 million in the prior quarter.
• Over five years, EBITDA peaked at $482.8 million in Q2 2023 and troughed at -$268.5 million in Q1 2025.
• A 5-year average of $89.3 million and a median of $90.9 million in 2023 frame the typical range for EBITDA.
• The sharpest annual moves came in 2023 and 2025: EBITDA soared 2912.62% in 2023, then sank 1076.24% in 2025.
• A 5-year view of EBITDA shows it stood at $114.7 million in 2021, then dropped by 10.72% to $102.4 million in 2022, then declined by 11.53% to $90.6 million in 2023, then tumbled by 41.96% to $52.6 million in 2024, then sank by 45.77% to $28.5 million in 2025.
• Business Quant data shows TSAT's EBITDA at $28.5 million in Q4 2025, -$14.7 million in Q3 2025, and $275.8 million in Q2 2025.