PowerBank management commentary says FY2026 revenue falls to C$27.41 million on lower EPC services, development fees

• In management commentary for fiscal 2026, PowerBank posted a net loss of CAD 24.3 million on revenue of CAD 27.41 million.
• Revenue fell 34% from CAD 41.53 million, driven by weaker EPC services and development fees; IPP production revenue increased to CAD 9.81 million.
• Management attributed the EPC decline to lower construction activity and project timing; development fees dropped, partly reflecting project repurchase adjustments.
• Operating expenses fell to CAD 32.15 million from CAD 49.59 million, led by a sharp reduction in impairment losses to CAD 4.72 million.
• Long-term debt rose to CAD 65.39 million from CAD 62.96 million; management cited project financing and a drawn revolving credit facility of USD 2.7 million.

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: 0001493152-26-044568), on September 28, 2026, and is solely responsible for the information contained therein.