PowerBank net loss narrows to CAD 24.3 million as revenue falls 34%
SUUN•PowerBank reported a net loss of CAD 24.3 million for the year ended June 30, 2026, down from CAD 31.1 million, while revenue fell 34% to CAD 27.41 million.
1. Annual results
Revenue from EPC services fell 31% to CAD 16.14 million, and development fees dropped 89% to CAD 882,000. Independent power producer production revenue rose to CAD 9.81 million, which the company said reflected higher production at certain facilities.
2. Projects and finances
Total assets slipped to CAD 133.47 million, while long-term debt increased to CAD 65.39 million. Four solar projects reached commercial operation, and the SFF 06 battery energy storage project began commercial operation on April 20, 2026.
