- The company reported a 1,508% increase in revenues from its IPP segment in FY 2025.
- Total company assets rose 253% year-over-year, driven by IPP expansion and strategic project acquisitions.
- Gross margin improved to 25% from 20% in FY 2024.
- The company announced up to US$100 million in project-based financing through a mandate with CIM Group.
- PowerBank’s development pipeline now totals 1,806 (MWdc, MWh) of solar PV and battery energy storage projects.
- CEO Dr. Richard Lu highlighted a transition toward long-term recurring revenue through asset ownership and financing.
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., recently released its financial results for Fiscal Year 2025, which underscore a pivotal shift toward becoming a stable, asset-backed independent power producer (https://ibn.fm/jRa6y). The company’s strategy to retain and finance more of its energy assets appears to be taking shape, reflected in a significant increase in IPP revenue and asset growth during the fiscal year ended June 30, 2025.
While total revenues fell 29% to C$41.5 million (US$ 29.76 million), PowerBank’s IPP segment grew exponentially, posting C$9.3 million (US$ 6.67 million) compared to just C$0.6 million (US$ 0.43 million) in FY 2024, a 1,508% jump. The company’s gross margin also improved to 25% from 20%, indicating higher…
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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