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PowerBank Announces Second Quarter Results
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal second quarter 2026 financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to "FY2025" mean the year ended June 30, 2025 and references to "FY2026" mean the year ended June 30, 2026.
About this update from Powerbank Corporation
[{"type":"text","content":"Fiscal Year to Date Revenues of $22.3 million and a 36% Gross Margin","length":68,"tagName":"p","attribs":{}},{"type":"text","content":"This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.","length":206,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Feb. 13, 2026 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal second quarter 2026 financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to "FY2025" mean the year ended June 30, 2025 and references to "FY2026" mean the year ended June 30, 2026.","length":592,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":62,"url":"https://media.zenfs.com/en/cnwgroup.com/df20da07c7597fb7dadcd1db5707615f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AOpxL5K_p4071MXohOXfew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/df20da07c7597fb7dadcd1db5707615f","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/2903418/PowerBank_Corporation_PowerBank_Announces_Second_Quarter_Results.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Fiscal Year-to-Date Financial Highlights (All amounts are for the six-month period ended December 31, 2025)","length":107,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross profit was $8.1 million, or 36% of revenues, compared to $5.7 million, or 30% of revenues in the same period for FY2025.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) of $2.5 million compared to $2.3 million for the same period during FY2025.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenues were $22.3 million compared to ...