v3.26.3
Segment information (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Information  
Schedule of revenue from external customers and expenses

The revenues from external customers and expenses for year ended June 30, 2026, 2025 and 2024 are as follows:

 

Schedule of revenue from external customers and expenses

                     
   Year ended June 30, 2026 
   Development
& EPC		   IPP
Production		   Corporate and
other activities		   Intersegment
Elimination		   Total 
Revenues                         
Revenue from external customers  $17,023   $9,811   $576   $-   $27,410 
Intersegment revenue   -    3,483    -    (3,483)   - 
Total Revenue  $17,023   $13,294   $576   $(3,483)  $27,410 
Cost of goods sold   (9,837)   (11,530)   (10)   3,483    (17,894)
Gross profit   7,186    1,764    566    -    9,516 
Operating expenses  $(4,236)  $(7,571)  $(20,347)  $-   $(32,154)
Income (loss) from operating activities  $2,950   $(5,807)  $(19,781)  $-   $(22,638)
                          
Interest income   -    212    141    -    353 
Interest expense   -    (3,677)   (85)   -    (3,762)
Fair value change of derivatives   -    (70)   -    -    (70)
Fair value change of warrant liabilities   -    -    1,111    -    1,111 
Fair value change of CVR liabilities   -    -    713    -    713 
Fair value change of other liabilities due to non-controlling interests holders   -    (38)        -    (38)
Other income (expense)  $-   $(28)  $(786)  $-   $(814)
Net loss before income taxes                      $(25,145)

 

 

POWERBANK CORPORATION

Notes to Consolidated Financial Statements

(Expressed in thousands of Canadian dollars, except per share amounts and as otherwise indicated)

For the years ended June 30, 2026, 2025 and 2024

 

 

27.Segment information (continued):

 

                     
   Year ended June 30, 2025 
   Development
& EPC		   IPP
Production		   Corporate and
other activities		   Intersegment
Elimination		   Total 
Revenues                         
Revenue from external customers  $30,948   $9,297   $1,286   $-   $41,531 
Intersegment revenue   -    17,585    -    (17,585)   - 
Total Revenue  $30,948   $26,882   $1,286   $(17,585)  $41,531 
Cost of goods sold   (23,633)   (24,808)   (164)   17,585    (31,020)
Gross profit   7,315    2,074    1,122    -    10,511 
Operating expenses  $(671)  $(32,751)  $(16,165)  $-   $(49,587)
Income (loss) from operating activities  $6,644   $(30,667)  $(15,043)  $-   $(39,076)
                          
Interest income   -    347    260    -    607 
Interest expense   -    (3,263)   -    -    (3,263)
Fair value change of derivatives   -    (1,340)   -    -    (1,340)
Fair value change of warrant liabilities   -    -    3,575    -    3,575 
Fair value change of CVR liabilities   -    -    7,195    -    7,195 
Loss on investments   -    -    (3,385)   -    (3,385)
Other income (expense)  $-   $467   $(116)  $-   $351 
Net loss before income taxes                      $(35,336)

 

                     
   Year ended June 30, 2024 
   Development
& EPC		   IPP
Production		   Corporate and
other activities		   Intersegment
Elimination		   Total 
Revenues                         
Revenue from external customers  $56,078   $578   $1,721   $        -   $58,377 
Intersegment revenue   -    -    -    -    - 
Total Revenue  $56,078   $578   $1,721   $-   $58,377 
Cost of goods sold   (46,224)   (330)   (144)   -    (46,698)
Gross profit   9,854    248    1,577    -    11,679 
Operating expenses  $(1,122)  $(4,197)  $(10,778)  $-   $(16,097)
Income (loss) from operating activities  $8,732   $(3,949)  $(9,201)  $-   $(4,418)
                          
Interest income   -    -    321    -    321 
Interest expense   -    (285)   -    -    (285)
Fair value change of derivatives   -    (137)   -    -    (137)
Loss on investments   -    -    (1,125)   -    (1,125)
Other income (expense)  $-   $(106)  $5,119   $-   $5,013 
Net loss before income taxes                      $(631)
Schedule of segment assets and segment liabilities

The segment assets, segment liabilities, and other material segment items as at June 30, 2026 and June 30, 2025 are as follows:

 

                     
As at June 30, 2026 

Development

& EPC

   IPP
Production		   Corporate and
other activities		   Total 
Total assets  $29,789   $99,490   $4,187   $133,466 
Total liabilities   12,644    94,611    5,834    113,089 
Property, plant and equipment        48,650    22    48,672 

 

                     
As at June 30, 2025 

Development

& EPC

   IPP
Production		   Corporate and
other activities		   Total 
Total assets  $22,832   $111,984   $4,325   $139,141 
Total liabilities   15,484    98,356    5,541    119,381 
Property, plant and equipment (Restated – note 2(e)(i))   -    29,252    26    29,278 
Schedule of geographical area

 

   Revenue from external customers   Non-current assets 
   2026   2025   2024   2026   2025 
Canada  $10,334   $15,325   $9,958   $81,789   $86,368 
United States   17,076    26,206    48,419    10,733    10,661 
   $27,410   $41,531   $58,377   $92,522   $97,029 

 

 

POWERBANK CORPORATION

Notes to Consolidated Financial Statements

(Expressed in thousands of Canadian dollars, except per share amounts and as otherwise indicated)

For the years ended June 30, 2026, 2025 and 2024