Earnings ·
PowerBank reports fiscal year 2026 net loss of $24.3 million, or $(0.58) per share
PBKPOWERBANK Corp
PowerBank Corporation reported fiscal year 2026 results ending June 30, 2026, with revenues declining to $27.4 million from $41.5 million in the prior year as the company shifted strategy toward owning projects rather than selling them. Gross margin expanded significantly to 34.7% from 25.3%, and net loss narrowed by $6.8 million to $24.3 million, or $(0.58) per basic share. IPP production revenue reached $9.8 million, while adjusted EBITDA widened to a loss of $(3.5) million from $(0.8) million previously. The company moved from a working capital deficit of $(1.8) million to a positive position of $1.6 million and reduced cash used in operations by $4.4 million. PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA.