Telesat reports Q2 EPS C$1.38 vs. C$2.45 last year

Reports Q2 revenue C$106M vs. C$152.4M last year. “I am pleased with our performance in the first half of this year. We’re making strong progress on the Telesat (TSAT) Lightspeed technical and commercial fronts, and continuing our disciplined execution in our GEO segment,” commented Dan Goldberg, Telesat’s President and CEO. “The Telesat Lightspeed backlog stands at over $1 billion, and we remain focused on adding to that as we pursue a wide range of opportunities across our target segments of enterprise, aviation, maritime and government. In our GEO business, the year is unfolding largely as we had expected, and we reiterate the 2025 guidance we shared at the outset of the year.”