Business
PowerBank Returns to Profitability with 106% Year-Over-Year Gross Profit Growth in Q1, 145% Adjusted EBITDA Increase
PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal first 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.
About this update from Powerbank Corporation
[{"type":"text","content":"Quarterly Revenues of $19.15 million and a 44.61% Gross Margin ","length":72,"tagName":"p","attribs":{}},{"type":"text","content":" Return to Profitability with Net Income of $1.01 million ","length":66,"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":229,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Nov. 17, 2025 /CNW/ - PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal first 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.","length":437,"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":386,"height":78,"url":"https://media.zenfs.com/en/prnewswire.com/ae7c77cc8961e2c23097dc90848d1ead"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WwqFpTLGgPVVpt5aUyD8qA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ae7c77cc8961e2c23097dc90848d1ead","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2824118/PowerBank_Corporation_PowerBank_Returns_to_Profitability_with_10.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":" Fiscal Year-to-Date Financial Highlights (All amounts are for the three-month period ended September 30th, 2025) ","length":113,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross profit was $8.54 million, or 44.62% of revenues, compared to $4.14 million, or 27.47% of revenues in the same quarter for 2025.","length":138,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) of $ 4.84 million compared to $1.97 million for the first quarter of FY2025.","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Rev...