Telesat Corporation reported revenue of $101.1 million for the three months ended September 30, 2025, down from $138.4 million in the same period in 2024. For the nine-month period, revenue was $323.9 million compared to $443.0 million in 2024. Operating expenses for the quarter were $57.9 million, up from $45.9 million last year, while depreciation decreased to $26.2 million from $32.2 million. Net income for the quarter was $67.8 million, following income before income taxes of $73.0 million and a tax expense of $5.2 million. Capital expenditures for the quarter totaled $1.8 million, compared to $324.7 million in the same period last year. The company's financial strategy continues to focus on compliance with financial covenants and maximizing returns to shareholders and stakeholders. The interim financial statements were approved by the Audit Committee on November 3, 2025.