Telesat Corporation (TSAT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. At this time, I would like to welcome everyone to Telesat's second quarter 2025 financial results call. All lines have been placed on mute to prevent any background noise. After this speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. Thank you. I would now like to turn the conference over to James Ratcliffe, Vice President, Investment Relations. Please go ahead. Thank you, Jimmy. Good morning, everyone, and thank you for joining us today. Earlier this morning, we filed our quarterly report for the period ending June 30th, 2025 on Form 6-K with the SEC and on CDAR+. Our remarks today may contain forward-looking statements. There are risks that Telesat's actual results may differ materially from the results contemplated by the forward-looking statements as a result of known and unknown risks and uncertainty. For a discussion of known risks, please see TELUSAT's annual report and updates filed with the SEC. TELUSAT assumes no responsibility to update or revise these forward-looking statements. I'd now like to turn the call over to Dan Goldberg, TELUSAT's President and Chief Executive Officer. Okay. Thanks, James, and thank you all for joining us this morning. Q2 is in line with our expectations, and I'm pleased with Telesat's performance in the first half of this year in both our GEO and LEO segments. In GEO, our team continues to execute in a highly disciplined, focused manner, with the NIMIC 5 renewal with DISH in Q4 last year providing the biggest top-line headwind as far as year-over-year comparisons are concerned. In LEO, We're moving forward rapidly on both the technical and commercial aspects of Teles...