Telesat (TSAT) Income from Non-Controlling Interests (2021 - 2026)

Telesat (TSAT) posted quarterly Income from Non-Controlling Interests of -$76.9 million for Q1 2026, down 207.19% year-on-year from $71.7 million in Q1 2025, and up 65.14% on a QoQ basis from -$220.6 million in Q4 2025.

Telesat (TSAT) Income from Non-Controlling Interests (2021 - 2026) Analysis & Trends

Telesat (TSAT) has reported Income from Non-Controlling Interests for 6 consecutive years, with -$76.9 million the latest figure, recorded in Q1 2026.

  • Quarterly Income from Non-Controlling Interests fell 207.19% year-over-year to -$76.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$320.5 million (down 114.3% YoY) and the FY2025 annual result came in at -$268.3 million, down 71.05% from the prior year.
  • Income from Non-Controlling Interests advanced to -$76.9 million in Q1 2026 per TSAT's latest filing, from -$220.6 million in the prior quarter.
  • Over the last five years, Income from Non-Controlling Interests for TSAT reached as high as $276.1 million in Q2 2023 and fell as low as -$229.7 million in Q4 2024.
  • A 5-year average of -$10.1 million and a median of $20.5 million in 2023 frame the typical range for Income from Non-Controlling Interests.
  • The largest YoY upside for Income from Non-Controlling Interests was 3548.97% in 2024 against a maximum downside of 1221.99% in 2024.
  • Year by year, Income from Non-Controlling Interests stood at $34.4 million in 2022, then sank by 40.42% to $20.5 million in 2023, then slumped by 1221.99% to -$229.7 million in 2024, then gained by 3.96% to -$220.6 million in 2025, then soared by 65.14% to -$76.9 million in 2026.
  • According to Business Quant data, Income from Non-Controlling Interests over the past three periods registered -$76.9 million, -$220.6 million, and -$62.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 Cisco Systems 448.81 Bn 432.17 Bn 10.08 Bn -
2 Motorola Solutions 70.34 Bn 69.46 Bn 1.36 Bn 2.00 Mn
3 Hewlett Packard Enterprise 62.64 Bn 57.80 Bn 9.10 Bn -
4 Ciena 52.02 Bn 50.72 Bn 625.52 Mn -
5 Lumentum Holdings 50.12 Bn 46.95 Bn 357.00 Mn -
6 Nokia 48.66 Bn 41.35 Bn 9.86 Bn -
7 Ubiquiti 32.18 Bn 31.81 Bn 370.71 Mn -
8 Ericsson Lm Telephone 31.78 Bn 26.11 Bn 2.53 Bn 3.15 Mn
9 AST SpaceMobile 16.62 Bn 16.62 Bn 3.67 Mn -58.57 Mn
10 Telesat 553.78 Mn 161.86 Mn 62.14 Mn -76.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -76.90 Mn
Dec 31, 2025 -220.62 Mn
Sep 30, 2025 -62.36 Mn
Jun 30, 2025 39.36 Mn
Mar 31, 2025 -25.03 Mn
Dec 31, 2024 -229.73 Mn
Sep 30, 2024 36.61 Mn
Jun 30, 2024 68.59 Mn
Mar 31, 2024 49.94 Mn
Dec 31, 2023 20.48 Mn
Sep 30, 2023 -1.06 Mn
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
Mar 31, 2021 55.18 Mn