PowerBank Reported FY25 Revenue Of $41.5M Vs $58.4M YoY, EPS Loss Of $(0.97) Vs $(0.13) YoY

Author: Benzinga Newsdesk | October 02, 2025 07:04am

Fiscal Year Highlights (All Amounts are for the Twelve Month Period ended June 30, 2025 ("FY 2025") compared to the Twelve Month Period ended June 30, 2024 ("FY 2024"))

• Revenues decreased by 29% to $41.5 million in FY 2025 as compared to $58.4 million in FY 2024.
  • IPP revenues increased by 1,508% to $9.3 million in FY 2025 as compared to $0.6 million in FY 2024.
• Gross margin improved to 25.0% in FY 2025 as compared to 20.0% in FY 2024.
• Despite the decrease in revenues, gross profit only decreased by 10.0% to $10.5 million in FY 2025 as compared to $11.7 million in FY 2024.
• Adjusted EBITDA(1) of ($0.68) million in FY 2025 compared to $0.82 million for FY 2024.
• Net loss of $31.1 million in FY 2025, or $0.97 per basic share, compared to net loss of $3.6 million in FY 2024, or $0.13 per basic share. The net loss includes major items below:
  • Professional and consulting fees were $13.1 million, primarily reflecting higher costs associated with business expansion activities undertaken following the acquisition of Solar Flow-Through Funds Ltd. ("SFF") in FY2025; and
  • Impairment loss of $30.4 million, which is non-recurring.

Posted In: SUUN