Telesat (TSAT) Income from Non-Controlling Interests (2021 - 2025)

Telesat (TSAT) reported Income from Non-Controlling Interests of -$220.6 million for Q4 2025, up 3.96% year-over-year from -$212.2 million in Q4 2024, and down 119.2% quarter-over-quarter from $1.1 billion in Q3 2025.

Telesat (TSAT) Income from Non-Controlling Interests (2021 - 2025) Analysis & Trends

Telesat (TSAT) has 5 years of Income from Non-Controlling Interests data on file, last reported at -$220.6 million in Q4 2025.

  • Income from Non-Controlling Interests for Q4 2025 came in at -$220.6 million, up 3.96% year-over-year; the trailing twelve-month figure through Dec 2025 was -$628.2 million (down 573.83% YoY), and the FY2025 annual result was $886.6 million, down 32.05% from the prior year.
  • Income from Non-Controlling Interests slipped to -$220.6 million in Q4 2025 per TSAT's latest filing, from $1.1 billion in the prior quarter.
  • Over five years, Income from Non-Controlling Interests peaked at $1.3 billion in Q3 2023 and troughed at -$229.7 million in Q4 2024.
  • A 5-year average of $257.1 million and a median of $41.6 million in 2022 frame the typical range for Income from Non-Controlling Interests.
  • The sharpest annual moves came in 2024 and 2025: Income from Non-Controlling Interests tumbled 1221.99% in 2024, then surged 3038.02% in 2025.
  • A 5-year view of Income from Non-Controlling Interests shows it stood at $1.0 billion in 2021, then sank by 96.62% to $34.4 million in 2022, then tumbled by 40.42% to $20.5 million in 2023, then plunged by 1221.99% to -$229.7 million in 2024, then climbed by 3.96% to -$220.6 million in 2025.
  • Business Quant data shows TSAT's Income from Non-Controlling Interests at -$220.6 million in Q4 2025, $1.1 billion in Q3 2025, and $1.2 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn -
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn -
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 2.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn -
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn -
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn -
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -58.57 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn -
10 Telesat 474.30 Mn 108.43 Mn - -220.62 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -220.62 Mn
Sep 30, 2025 1.15 Bn
Jun 30, 2025 1.16 Bn
Mar 31, 2025 -214.42 Mn
Dec 31, 2024 -229.73 Mn
Sep 30, 2024 36.61 Mn
Jun 30, 2024 275.75 Mn
Mar 31, 2024 49.94 Mn
Dec 31, 2023 20.48 Mn
Sep 30, 2023 1.30 Bn
Jun 30, 2023 276.06 Mn
Mar 31, 2023 21.36 Mn
Dec 31, 2022 34.36 Mn
Sep 30, 2022 -130.47 Mn
Jun 30, 2022 -18.74 Mn
Mar 31, 2022 46.65 Mn
Dec 31, 2021 1.02 Bn
Mar 31, 2021 55.18 Mn