PowerBank Announces Second Quarter Results – PowerBank (NASDAQ:SUUN)

• Gross earnings was $ 8.1 million, or 36% of incomes, compared to $ 5.7 million, or 30% of incomes in the very same duration for FY2025.
• Changed EBITDA^{( 1 )} of $ 2.5 million compared to $ 2.3 million for the very same duration throughout FY2025.
• Profits were $ 22.3 million compared to $ 19.2 million in the very same duration throughout FY2025.
• Bottom line of $ 6.7 million, or $( 0.18 ) per standard share throughout the duration in FY2026, compared to a bottom line of $ 28.2 million, or $( 0.91 ) per standard share throughout the very same duration in FY2025.
• Capital from running activities was an inflow of $ 5.0 million compared to an outflow of $ 1.1 million in the very same duration in FY2025.
• Advancement charges increased from $ 2.2 million to $ 3.4 million throughout the very same duration in FY2025.
• EPC services increased to $ 13.8 million from $ 12.3 million throughout the very same duration in FY2025.
• IPP production increased from $ 4.6 million to $ 5.1 million throughout the very same duration in FY2025.

• Declared partnership with Smartlink AI (” Orbit AI”) on November 19, 2025, to release the “Orbital Cloud” effort– an advanced space-based facilities where AI calculate, connection, and blockchain confirmation assemble in Low Earth Orbit powered by solar power. Consequently a $ 500,000 USD financial investment by the Business into Orbit AI has actually been revealed.
• Declared beta screening collaboration with Intellistake Technologies Corp. on November 28, 2025, for the release of IntelliScope AI Representative Business Center, supplying analytical intelligence for renewable resource advancement consisting of website place optimization and grant eligibility examination.
• Gotten $ 1.47 million USD Business Operation Payment from NYSERDA for the 3.79 MW Geddes Solar Job on November 4, 2025, with an extra $ 245,000 USD anticipated through the Inclusive Neighborhood Solar Adder.
• Declared $ 41 million USD deal with Solar Supporter Advancement LLC (” Solar Supporter”) on December 22, 2025, for the sale and building of 3 neighborhood solar jobs (Elmira, Jordan Roadway 1, and Jordan Roadway 2) amounting to 16.87 MW; gotten very first payment of $ 4 million USD on December 24, 2025, marking the 11th task in a seven-year tactical collaboration going back to 2018.
• Protected safe harbor status for 15 dispersed solar and energy storage jobs throughout New York City State valued at $ 168 million USD in building worth with $ 65 million USD in possible Financial investment Tax Credit eligibility; jobs anticipated to bring around 67 MW DC of solar and 11 MWh of energy storage.
• Declared 6.9 MW DC NY-Crawford Rd ground-mount solar task in New york city’s Capital District on October 7, 2025, with lease contract carried out and affiliation application started.
• Declared 1.76 MW NY-North Main St. solar task in Upstate New york city on October 16, 2025
• Advanced advancement of 2.6 MW Elmira task protecting local approvals consisting of website strategy approval, unique usage authorization, and unfavorable statement under State Environmental Quality Evaluation Act Upon October 28, 2025
• Carried out lease contract for 5 MW a/c NY-Cloverdale Rd hybrid solar plus battery energy storage task in Upstate New york city on December 9, 2025, eligible for NYSERDA NY-Sun Program and Retail Storage Reward Program.
• Guaranteed 20 MW of solar and BESS power purchase contracts with New York City State Department of Military and Naval Affairs (DMNA) on October 14, 2025, serving 50 setups and 20,000 military workers throughout New York City
• Advanced building of 4.99 MW SFF-06 Battery Energy Storage System (BESS) task in Ontario towards significant conclusion, with the task anticipated to reach business operation in February 2026; task protected under IESO’s Long-Term RFP structure supplying decade-long contracted profits stream.

” PowerBank’s 2nd quarter shows the Business’s ongoing execution throughout several tactical fronts. to date profits and gross earnings are up as we continue to enhance monetary efficiency. Beyond our monetary efficiency, this quarter marked a number of transformational turning points for PowerBank, most significantly our revealed partnership with Orbit AI, which has actually now effectively introduced and operating. The satellite verifies our vision that solar-powered facilities can extend beyond Earth’s surface area to power the next generation of computing. On the ground, our New York City operations continue to show strong execution– the $ 41 million USD deal with Solar Supporter Advancement, our 11th task with this tactical partner considering that 2018, enhances the strength of PowerBank’s advancement design, while protecting safe harbor status for 15 jobs representing $ 168 million USD in building worth even more strengthens our near-term profits pipeline. As we look ahead, PowerBank’s method stays clear: grow our Independent Power Manufacturer property base for long-lasting repeating incomes while selectively generating income from advancement jobs to sustain that development. With over 1 GW in our advancement pipeline and tactical collaborations covering from terrestrial facilities to orbital systems, PowerBank is well-positioned to take advantage of the speeding up need for tidy, trusted energy options.”

The Business ended the 2nd quarter of FY2026 with $ 35.7 million in existing properties (consisting of $ 20.8 million in money, limited money and short-term financial investment), as compared to $ 41.3 million in existing properties since year-end June 30, 2025 The reduction is mainly the outcome of a substantial decrease in trade and other receivables and pre-paid expenditures and deposits, partly balanced out by greater money and stock.

The Business keeps in mind that the execution of the Business’s development method relies on the ongoing accessibility of third-party funding plans for the Business and its consumers and the Business’s future success depends partially on its capability to broaden the pipeline of its energy organization in a number of essential markets. In addition, federal governments might modify, decrease or remove rewards and policy assistance plans for solar and battery storage power, which might trigger need for the Business’s services to decrease. Even more the anticipated MW capability of a solar task might not be reached. Each EPC contract with Solar Supporter consists of a matching warranty contract participated in in between Solar Supporter and the Business that offers that Solar Supporter will have, if it is not pleased with its due diligence, the outright and genuine right to offer, move, communicate or appoint the task back to the Business (” Sell-Back Right”) without sustaining any additional liabilities by supplying composed notification to Business at any time within 60 days of December 19, 2025 If any EPC contract with Solar Supporter is ended, the Business will not accomplish the deal worth and will needed to return any funds that have actually been gotten connected with the ended task. [At this time PowerBank elected not to make an investment in Orbit AI and the terms of any remuneration for services PowerBank may provide Orbit AI have not yet been determined.] Please describe “Forward-Looking Statements” for extra conversation of the presumptions and threat elements connected with the declarations in this news release.

The Business will examine monetary outcomes and supply an organization upgrade. Interested celebrations can sign up for the webinar by click on this link.

The Business has actually revealed specific non-IFRS monetary steps and ratios in this press, as gone over listed below. These non-IFRS monetary steps and non-IFRS ratios are commonly reported in the renewable resource market as criteria for efficiency and are utilized by management to keep an eye on and examine the Business’s operating efficiency and capability to produce money. The Business thinks that, in addition to monetary steps and ratios prepared in accordance with IFRS, specific financiers utilize these non-IFRS monetary steps and ratios to examine the Business’s efficiency. Nevertheless, the steps do not have a standardized significance under IFRS and might not be similar to comparable monetary steps revealed by other business. Appropriately, non-IFRS monetary steps and non-IFRS ratios need to not be thought about in seclusion or as an alternative for steps and ratios of the Business’s efficiency prepared in accordance with IFRS.

Non-IFRS monetary steps are specified in National Instrument 52-112– Non-GAAP and Other Financial Procedures Disclosure (“ NI 52-112“) as a monetary step revealed that (a) illustrates the historic or anticipated future monetary efficiency, monetary position or capital of an entity, (b) with regard to its structure, leaves out a quantity that is consisted of in, or consists of a quantity that is omitted from, the structure of the most straight similar monetary step revealed in the main monetary declarations of the entity, (c) is not revealed in the monetary declarations of the entity, and (d) is not a provision, portion, portion or comparable representation.

• Earnings tax expenditure;
• Financing expenses;
• Amortization and devaluation.
• Fair worth gain/loss;
• Stock based payment;
• Disability charges or turnarounds;
• Loss on financial investments;
• Forex gains or losses.

Management thinks Adjusted EBITDA is an important sign of the Business’s capability to produce liquidity by producing operating capital to money working capital requirements, service financial obligation responsibilities, and fund capital investment. Management utilizes Adjusted EBITDA for this function. EBITDA is likewise regularly utilized by financiers and experts for appraisal functions where Adjusted EBITDA is increased by an element or “EBITDA several” based upon an observed or presumed relationship in between Adjusted EBITDA and market price to figure out the approximate overall business worth of a Business. Management likewise thinks that Adjusted EBITDA offers helpful details to financiers and others in understanding and assessing our operating outcomes due to the fact that it follows the indications management utilizes internally to determine the Business’s efficiency and is an indication of the efficiency of the Business’s renewable resource task advancement and operations.

Changed EBITDA is meant to supply extra details to financiers and experts. It does not have any standardized meaning under IFRS and need to not be thought about in seclusion or as an alternative for steps of running efficiency prepared in accordance with IFRS. Changed EBITDA leaves out the effect of money expenses of funding activities and taxes, and the impacts of modifications in running working capital balances, and for that reason is not always a sign of running earnings or capital from operations as figured out by IFRS. Other business might compute Adjusted EBITDA in a different way.

PowerBank Corporation is an independent eco-friendly and tidy energy task designer and owner concentrating on dispersed and neighborhood solar jobs in Canada and the U.S.A. The Business establishes solar and Battery Energy Storage System (BESS) jobs that offer electrical power to energies, business, commercial, local and domestic off-takers. The Business makes the most of returns by means of a varied portfolio of jobs throughout several leading The United States And Canada markets consisting of jobs with energies, host off-takers, neighborhood solar, and virtual net metering jobs. The Business has a possible advancement pipeline of over one gigawatt and has actually established eco-friendly and tidy energy jobs with an integrated capability of over 100 megawatts developed. To get more information about PowerBank, please go to www.powerbankcorp.com.

This press release consists of positive declarations and positive details within the significance of Canadian securities legislation (jointly, “positive declarations”) that connect to the Business’s existing expectations and views of future occasions. Any declarations that reveal, or include conversations regarding, expectations, beliefs, strategies, goals, presumptions or future occasions or efficiency (typically, however not constantly, through making use of words or expressions such as “will likely result”, “are anticipated to”, “anticipates”, “will continue”, “is expected”, “expects”, “thinks”, “approximated”, “plans”, “strategies”, “projection”,” forecast”, “method”, “unbiased” and “outlook”) are not historic realities and might be positive declarations and might include quotes, presumptions and unpredictabilities which might trigger real outcomes or results to vary materially from those revealed in such positive declarations. In specific and without restriction, this press release consists of positive declarations relating to the Business’s expectations concerning its market patterns and total market development; the Business’s development methods; the partnership with Orbit AI; the anticipated energy production from the solar energy jobs discussed in this news release; the anticipated worth of the EPC contracts; the Business’s expectations concerning task advancement; the Business’s organization strategy and projections; and the size of the Business’s advancement pipeline. No guarantee can be considered that these expectations will show to be right and such positive declarations consisted of in this press release need to not be unduly trusted. These declarations speak just since the date of this press release.

Positive declarations are based upon specific presumptions and analyses made by the Business because of the experience and understanding of historic patterns, existing conditions and anticipated future advancements and other elements it thinks are proper, and go through threats and unpredictabilities. In making the forward looking declarations consisted of in this press release, the Business has actually made numerous product presumptions, consisting of however not restricted to: that the Owner will not work out the Sell-Back Right; acquiring the required regulative approvals; that regulative requirements will be preserved; basic organization and financial conditions; the Business’s capability to effectively perform its strategies and intents; the accessibility of funding on affordable terms; the Business’s capability to bring in and keep proficient personnel; market competitors; the product or services provided by the Business’s rivals; that the Business’s existing great relationships with its provider and other 3rd parties will be preserved; and federal government aids and financing for renewable resource will continue as presently considered. Although the Business thinks that the presumptions underlying these declarations are affordable, they might show to be inaccurate, and the Business can not ensure that real outcomes will follow these positive declarations. Offered these threats, unpredictabilities and presumptions, financiers need to not position excessive dependence on these positive declarations.

Whether real outcomes, efficiency or accomplishments will comply with the Business’s expectations and forecasts undergoes a variety of recognized and unidentified threats, unpredictabilities, presumptions and other elements, consisting of those noted under ” Forward- Looking Declarations” and “Danger Aspects” in the Business’s most just recently finished Yearly Info Type, and other public filings of the Business, that include: the Owner might work out the Sell-Back Right and need the Business to reacquire any of the Projects and return the associated funds gotten; the Business might be negatively impacted by unpredictable solar energy market and market conditions; the execution of the Business’s development method relies on the ongoing accessibility of third-party funding plans; the Business’s future success depends partially on its capability to broaden the pipeline of its energy organization in a number of essential markets; federal governments might modify, decrease or remove rewards and policy assistance plans for solar and battery storage power; basic worldwide financial conditions might have a negative effect on our operating efficiency and outcomes of operations; the Business’s task advancement and building activities might not achieve success; establishing and running solar Job exposes the Business to numerous threats; the Business deals with a variety of threats including Power Purchase Agreements (” PPAs”) and project-level funding plans; any modifications to the laws, policies and policies that the Business undergoes might provide technical, regulative and financial barriers to the purchase and usage of solar energy; the marketplaces in which the Business completes are extremely competitive and developing rapidly; an anti-circumvention examination might negatively impact the Business by possibly raising the costs of essential materials for the building of solar energy jobs; foreign exchange rate changes; a modification in the Business’s efficient tax rate can have a substantial negative effect on its organization; seasonal variations in need connected to building cycles and weather might affect the Business’s outcomes of operations; the Business might be not able to produce enough capital or have access to external funding; the Business might sustain significant extra insolvency in the future; the Business undergoes threats from supply chain concerns; threats connected to inflation and tariffs; unanticipated service warranty expenditures that might not be effectively covered by the Business’s insurance coverage; if the Business is not able to bring in and keep essential workers, it might not have the ability to contend successfully in the renewable resource market; there are a minimal variety of buyers of utility-scale amounts of electrical power; compliance with ecological laws and policies can be costly; business duty might negatively enforce extra expenses; the future effect of any worldwide pandemic on the Business is unidentified at this time; the Business has actually restricted insurance protection; the Business will be dependent on infotech systems and might undergo destructive cyberattacks; the Business might end up being based on lawsuits; there is no warranty on how the Business will utilize its offered funds; the Business will continue to offer securities for money to money operations, capital growth, mergers and acquisitions that will water down the existing investors; and future dilution as an outcome of fundings.

The Business carries out no responsibility to upgrade or modify any positive declarations, whether as an outcome of brand-new details, future occasions or otherwise, other than as might be needed by law. Brand-new elements emerge from time to time, and it is not possible for the Business to forecast all of them, or evaluate the effect of each such element or the degree to which any element, or mix of elements, might trigger outcomes to vary materially from those consisted of in any positive declaration. Any forward- looking declarations consisted of in this press release are specifically certified in their whole by this cautionary declaration.