PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) reported fiscal 2025 revenue of C$41.5 million, down 29% year over year, while gross margin improved to 25% and IPP revenues surged 1,508% to C$9.3 million. The company posted a net loss of C$31.1 million, largely due to a one-time impairment of C$30.4 million and higher consulting costs tied to its Solar Flow-Through Funds acquisition, but CEO Dr. Richard Lu emphasized FY 2025 as a transitional year, noting progress on scaling retained IPP assets, advancing U.S. solar development under new ITC rules, and expanding Canadian battery storage and community solar initiatives.

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About PowerBank

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. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

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