ZenaTech Targets 2027 Adjusted EBITDA Breakeven On Revenue Growth, Expanding Drone As A Service Operations; Preliminary Q3 2026 Revenue Of C$13.4–C$14.8 Million
ZenaTech, Inc. (NASDAQ:ZENA) (FSE: 49Q) (BMV:ZENA) ("ZenaTech" or the "Company"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that management is targeting 2027 as a potential breakeven year based on an adjusted EBITDA (a non-IFRS measure defined below). This operational target is supported by revenue growth, expansion of its DaaS operations, and anticipated operating efficiencies. In the first half of 2026, the Company reported revenue of C$17.7 million (approximately US$12.6 million). For the third quarter of 2026, the Company announced preliminary revenue estimates of C$13.4 million to C$14.8 million (approximately US$9.5 million to US$10.5 million), while retaining flexibility to pursue strategic growth opportunities.
"We believe ZenaTech is entering an important phase in its development," said Shaun Passley, Ph.D., CEO of ZenaTech. "During the first half of 2026, we generated more revenue than during all of 2025, and our preliminary third-quarter estimates indicate that our growth trajectory will continue. We believe this expanding revenue base, together with operational efficiencies and acquisition integration, creates an opportunity for operational breakeven during 2027."
The Company intends to maintain flexibility to invest in acquisitions, defense technologies, international operations, and emerging commercial opportunities that could defer breakeven while potentially generating greater long-term shareholder value.
Second-Quarter and First-Half 2026 Financial Results
| Metric | Q2 2026 | First Half 2026 |
| Total Revenue | C$9.33 million (US$6.6 million) | C$17.73 million (US$12.6 million) |
| Year-over-year revenue growth | 316% | 425% |
| DaaS revenue | C$8.63 million (US$6.1 million) | C$16.44 million (US$11.7 million) |
| Net loss | C$22.54 million (US$16.0 million) | C$49.09 million (US$34.8 million) |
| Operating expenses | C$31.24 million (US$22.1 million) | C$61.21 million (US$43.4 million) |
US$ approximate conversions at US$0.709 per C$1.00, except where previously announced by the Company.
First-half revenue exceeded the Company’s reported C$12.9 million (US$9.1 million) of revenue for all of 2025 by approximately 37%. DaaS operations accounted for 93% of first-half 2026 revenue. At June 30, 2026, the Company reported C$34.6 million (US$24.5 million) in cash and marketable securities, C$149.3 million (US$105.9 million) in total assets, and C$91.4 million (US$64.8 million) in shareholders’ equity.
Management recognizes that sustained revenue growth must translate into improved operating efficiency and financial performance. Reported net losses underscore the importance of controlling costs and assessing the returns on future investments.
"Our focus is increasingly on translating revenue growth into improved operating performance while building a technology platform capable of supporting a significantly larger business," continued Dr. Passley.
Preliminary Third-Quarter 2026 Revenue Estimates
ZenaTech previously announced preliminary, unaudited third-quarter 2026 revenue estimates of C$13.4 million to C$14.8 million. Compared with second-quarter revenue, this implies approximately 44% to 59% sequential revenue growth. Combined with reported first-half results, estimated revenue for the first nine months of 2026 would be approximately C$31.1 million to C$32.5 million (US$22.1 million to US$23.0 million).
These estimates are preliminary, unaudited, and subject to quarter-end close and reporting procedures. The Company also previously reported average organic revenue growth of 27.1% across approximately 20 DaaS locations acquired in 2025, excluding 2026 acquisitions.
Maintaining Flexibility to Capture Growth Opportunities
While management has established 2027 as a target year for breakeven, ZenaTech does not intend to limit strategically attractive investments solely to achieve profitability within a predetermined period. Potential opportunities include:
- Acquisitions of complementary Drone as a Service and technology businesses
- Government and defense drone programs, including testing, certification, and production capabilities
- Expansion into additional international markets
- Commercialization of autonomous drone technologies and AI-driven enterprise SaaS platforms
- Development of new drone-enabled services, analytics, and automation applications