PowerBank Gross Margin Jumps to 34.7% as Net Loss Narrows $6.8M
Toronto – September 29, 2026 -- PowerBank Corporation (NASDAQ: PBK) posted a 34.7% gross margin for fiscal year 2026, up from 25.3% a year earlier, as the renewable energy developer shifted from selling projects to retaining ownership of its power portfolio.
Revenue fell to $27.4 million but profitability metrics improved sharply
Revenue for the twelve months ended June 30, 2026 dropped to $27.4 million from $41.5 million in FY2025, reflecting the Company's pivot away from development-and-EPC sales toward long-term asset ownership. Despite the top-line decline, gross profit reached $9.5 million versus $10.5 million a year prior. Net loss narrowed to $24.3 million, or $(0.58) per basic share, from $31.1 million, or $(0.97) per share, in FY2025. Adjusted EBITDA fell to a loss of $3.5 million from a loss of $0.8 million, driven by lower development and EPC revenue alongside higher operating expenses.