PowerBank FY26 nine-month net loss narrows to C$12.2 million; revenue slips to C$22.2 million

• PowerBank posted a net loss of CAD 12.2 million, or CAD 0.31 per share, for the nine months ended March 31, 2026, narrowing from CAD 34.7 million a year earlier.
• Revenue slipped to CAD 22.2 million from CAD 23.9 million in the prior-year period.
• Gross margin widened to 35% year-to-date from 25.8% a year earlier, while working capital swung to a positive CAD 10.7 million as of March 31, 2026, from a deficit of CAD 1.8 million at June 30, 2025.
• Management highlighted spring mobilization of nine New York projects totaling 42.24 MW of generation capacity, with 21.76 MWh of battery storage, alongside NYSERDA incentives of about USD 3.4 million across three projects.
• CEO Richard Lu said nine projects have been safe-harbored to support eligibility for USD 65 million in Investment Tax Credits secured, setting up momentum into fiscal 2027.

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 PR Newswire (Ref. ID: 202605150707PR_NEWS_USPR_____TO60570) on May 15, 2026, and is solely responsible for the information contained therein.