Canada was Telesat’s largest region in fiscal 2025, bringing in $213.12M of $417.96M (51%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Canada | $330.53M | $324.23M | $260.43M | $213.12M | |||
| United States | $289.95M | $245.33M | $210.63M | $133.19M | |||
| Latin America & Caribbean | $57.84M | $48.66M | $36.46M | $29.72M | |||
| Asia & Australia | $45.08M | $50.65M | $31.98M | $13.93M | |||
| Europe, Middle East & Africa | $35.77M | $35.29M | $31.55M | $28.01M | |||
| Total | $759.17M | $704.16M | $571.04M | $417.96M |
Telesat brought in $417.96M from its five regions in fiscal 2025, the year ended December 31, 2025. That was down 26.8% from $571.04M in fiscal 2024. Canada was the largest at $213.12M (51.0%), ahead of United States at $133.19M (31.9%) and Latin America & Caribbean at $29.72M (7.1%). The other two regions brought in $41.93M combined.
Compared with fiscal 2024, every region above 2% of revenue shrank. Europe, Middle East & Africa held up best, down 11.2% to $28.01M, and Asia & Australia fell the most, down 56.5% to $13.93M. From fiscal 2022 to 2025, combined revenue from these regions fell from $759.17M to $417.96M, a compound annual decline of 18.0%. Canada's share of the total rose from 43.5% to 51.0%.
Geo was Telesat’s largest segment in fiscal 2025, bringing in $413.06M of $417.96M (99%).
| Segments [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Geo | $726.29M | $693.22M | $554.29M | $413.06M |
| Leo | $32.88M | $10.94M | $16.76M | $4.90M |
| Total | $759.17M | $704.16M | $571.04M | $417.96M |
Telesat brought in $417.96M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 26.8% from $571.04M in fiscal 2024. Geo was the largest at $413.06M (98.8%), ahead of Leo at $4.90M (1.2%).
From fiscal 2022 to 2025, combined revenue from these segments fell from $759.17M to $417.96M, a compound annual decline of 18.0%. Geo's share of the total rose from 95.7% to 98.8%.
Telesat (TSAT) reports its revenue by geography and by segments [axis]. In fiscal 2025, Canada was its largest region, bringing in $213.12M (51.0% of the total), followed by United States at $133.19M (31.9%).
Canada was Telesat's largest region in fiscal 2025, bringing in $213.12M, or 51.0% of the $417.96M total across its five regions.
Geo was Telesat's largest segment in fiscal 2025, bringing in $413.06M, or 98.8% of the $417.96M total across its two segments.
Every figure comes from Telesat's annual financial filings, as reported. Each line keeps the name Telesat gives it, and years follow its fiscal calendar.
Telesat's revenue by geography goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.