Telesat annual capital expenditures (capex)
2019
2020
2021
2022
2023
2024
2025
Telesat Capital Expenditures (CapEx) Growth & History (TSAT)
Telesat's capital expenditures (capex) was $140.5M for fiscal 2025.
View full Telesat company overviewTelesat annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $140.5M | $75.7M | +116.85% |
| 2024 | 2024-12-31 | $64.8M | $21.9M | +50.99% |
| 2023 | 2023-12-31 | $42.9M | $10.2M | +31.25% |
| 2022 | 2022-12-31 | $32.7M | $976,000 | +3.08% |
| 2021 | 2021-12-31 | $31.7M | $15.4M | +94.61% |
| 2020 | 2020-12-31 | $16.3M | $8.0M | +95.35% |
| 2019 | 2019-12-31 | $8.3M | — | — |
Telesat quarterly capital expenditures (capex)
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $55.6M | $20.4M | +57.83% |
| Q1 2026 | 2026-03-31 | $43.1M | $8.4M | +24.18% |
| Q4 2025 | 2025-12-31 | $40.2M | — | — |
| Q3 2025 | 2025-09-30 | $30.3M | $14.1M | +87.09% |
| Q2 2025 | 2025-06-30 | $35.2M | — | — |
| Q1 2025 | 2025-03-31 | $34.7M | — | — |
| Q3 2024 | 2024-09-30 | $16.2M | — | — |
Telesat capital expenditures (capex) trends
Over the last five fiscal years, Telesat's capital expenditures (capex) increased from $16.3M to $140.5M, a change of $124.2M. The latest reported quarter, Q2 2026, shows $55.6M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Telesat source filings ↗