PowerBank net loss narrows to CAD 24.3 million in year ended June 30; revenue falls 34% to CAD 27.41 million

Bitget2026/09/28 21:13

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Powerbank posted a net loss of CAD 24.3 million for the year ended June 30, 2026, narrowing from CAD 31.1 million.
Revenue fell 34% to CAD 27.41 million, with EPC services down 31% to CAD 16.14 million and development fees down 89% to CAD 882,000.
IPP production rose to CAD 9.81 million, and the company said the increase reflected higher production levels across certain facilities.
Total assets slipped to CAD 133.47 million, while long-term debt increased to CAD 65.39 million.
Four solar projects reached commercial operation, and the SFF 06 BESS project achieved commercial operation on April 20, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-044636), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PowerBank net loss narrows to CAD 24.3 million in year ended June 30; revenue falls 34% to CAD 27.41 million

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