Balance Sheet PowerBank Corporation

Equities

SUNN

CA73933V1004

Renewable Energy Equipment & Services

End-of-day quote NEO Exchange Other stock markets 06/02/2026			5-day change	1st Jan Change
2.040 ^CAD	+4.08%		-8.11%	-17.07%

02-03	$13.68 million USD successfully raised by PowerBank in at-the-market equity offering	RE
02-02	PowerBank Corporation Receives USD 920,00 from the Closing of the Term Conversion of the Construction Loan for the Geddes Project	CI

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Published financial data: POWERBANK CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	7.35M	10.2M	18.4M	58.38M	41.53M
Other Revenues, Total	-1	-	-	-	-
Total Revenues	7.35M	10.2M	18.4M	58.38M	41.53M
Cost of Goods Sold, Total	4.83M	8.24M	13.86M	46.84M	32.52M
Gross Profit	2.51M	1.96M	4.54M	11.54M	9.01M
Selling General & Admin Expenses, Total	2.36M	2.28M	4.12M	10.19M	17.27M
Provision for Bad Debts	213K	-	-	-	-
Stock-Based Compensation (IS)	-	-	2.95M	860K	177K
Depreciation & Amortization - (IS)	9.31K	25.78K	49.21K	78.94K	100K
Other Operating Expenses, Total	2.58M	2.31M	7.11M	11.13M	17.55M
Operating Income	-67.49K	-348K	-2.57M	406K	-8.54M
Interest Expense, Total	-332K	-151K	-	-422K	-4.6M
Interest And Investment Income	-	-	3.16K	321K	607K
Net Interest Expenses	-332K	-151K	3.16K	-101K	-4M
Currency Exchange Gains (Loss)	-	-	13.19K	154K	-
Other Non Operating Income (Expenses)	292K	192K	6.48M	4.13M	3.76M
EBT, Excl. Unusual Items	-108K	-307K	3.92M	4.59M	-8.77M
Impairment of Goodwill	-	-	-	-4.1M	-30.37M
Gain (Loss) On Sale Of Investments	-	-	-	-1.12M	-3.38M
Other Unusual Items	-	-	-724K	-	7.2M
EBT, Incl. Unusual Items	-108K	-307K	3.19M	-631K	-35.34M
Income Tax Expense	49.09K	-118K	951K	2.95M	-4.22M
Earnings From Continuing Operations	-157K	-188K	2.24M	-3.58M	-31.12M
Net Income to Company	-157K	-188K	2.24M	-3.58M	-31.12M
Minority Interest	25.03K	-	-	103K	76K
Net Income - (IS)	-132K	-188K	2.24M	-3.47M	-31.04M
Net Income to Common Incl Extra Items	-132K	-188K	2.24M	-3.47M	-31.04M
Net Income to Common Excl. Extra Items	-132K	-188K	2.24M	-3.47M	-31.04M
Per Share Items
Net EPS - Basic	-0.01	-0.01	0.11	-0.13	-0.96
Basic EPS - Continuing Operations	-0.01	-0.01	0.11	-0.13	-0.96
Basic Weighted Average Shares Outstanding	16M	16M	19.58M	27.04M	32.2M
Net EPS - Diluted	-0.01	-0.01	0.06	-0.13	-0.97
Diluted EPS - Continuing Operations	-0.01	-0.01	0.06	-0.13	-0.97
Diluted Weighted Average Shares Outstanding	16M	16M	37.23M	27.04M	32.2M
Normalized Basic EPS	-0	-0.01	0.13	0.11	-0.17
Normalized Diluted EPS	-0	-0.01	0.07	0.11	-0.17
Supplemental Items
EBITDA	-58.18K	-333K	-2.57M	694K	-4.28M
EBITA	-67.49K	-348K	-2.57M	515K	-7.06M
EBIT	-67.49K	-348K	-2.57M	406K	-8.54M
EBITDAR	104K	-250K	-	-	-
Total Revenues (As Reported)	7.35M	10.2M	18.4M	58.38M	41.53M
Effective Tax Rate - (Ratio)	-45.46	38.58	29.79	-466.92	11.94
Total Current Taxes	36.9K	-	951K	2.96M	953K
Total Deferred Taxes	12.19K	-118K	-	-15.5K	-5.17M
Normalized Net Income	-42.45K	-192K	2.45M	2.97M	-5.41M
Interest on Long-Term Debt	-	-	84.56K	92.58K	3.15M
Supplemental Operating Expense Items
Advertising Expense	3.34K	8.39K	283K	4.09M	1.11M
Selling and Marketing Expenses	3.34K	8.39K	283K	4.09M	1.11M
General and Administrative Expenses	181K	305K	1.25M	3.4M	13.08M
Net Rental Expense, Total	162K	82.96K	-	-	-
Imputed Operating Lease Interest Expense	-	42.94K	-	-	-
Imputed Operating Lease Depreciation	-	40.02K	-	-	-
Maintenance & Repair Expenses, Total	18.15K	6.94K	-	140K	131K
Stock-Based Comp., Other (Total)	-	-	2.95M	860K	2.2M
Total Stock-Based Compensation	-	-	2.95M	860K	2.2M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.4M	932K	749K	5.27M	7.62M
Short Term Investments	-	-	6.55M	920K	1.11M
Total Cash And Short Term Investments	1.4M	932K	7.3M	6.19M	8.73M
Accounts Receivable, Total	5.63M	1.86M	10.92M	1.46M	9.2M
Other Receivables	544K	343K	321K	323K	2.74M
Total Receivables	6.18M	2.2M	11.24M	1.78M	11.94M
Inventory	594K	3.79M	449K	6.53M	9M
Prepaid Expenses	22.91K	37.16K	949K	567K	9.56M
Restricted Cash	44.5K	-	-	-	2.1M
Other Current Assets, Total	2.02M	2.02M	2.11M	2.56M	-
Total Current Assets	10.25M	8.98M	22.05M	17.63M	41.32M
Gross Property Plant And Equipment	143K	341K	1.2M	4.95M	79.5M
Accumulated Depreciation	-115K	-130K	-110K	-411K	-4.78M
Net Property Plant And Equipment	28.52K	211K	1.09M	4.54M	74.72M
Long-term Investments	-	-	723K	5.31M	-
Goodwill	-	-	-	439K	2.77M
Other Intangibles, Total	-	-	-	2M	14.04M
Deferred Charges Long-Term	-	-	-	8.91M	-
Other Long-Term Assets, Total	-	-	1.11M	401K	5.51M
Total Assets	10.28M	9.19M	24.97M	39.23M	138M
Liabilities
Accounts Payable, Total	2.81M	1.95M	1.54M	3M	15.15M
Accrued Expenses, Total	-	-	-	-	4.59M
Short-term Borrowings	1.51M	568K	-	1.31M	4.73M
Current Portion of Long-Term Debt	18.52K	111K	151K	448K	9.17M
Current Portion of Leases	-	48.76K	44.96K	149K	991K
Current Income Taxes Payable	36.89K	19.22K	930K	2.11M	654K
Unearned Revenue Current, Total	-	-	1.15M	4.6M	5.7M
Other Current Liabilities	357K	668K	3.26M	1.77M	2.12M
Total Current Liabilities	4.73M	3.37M	7.08M	13.39M	43.11M
Long-Term Debt	1.02M	1.23M	759K	4.38M	53.79M
Long-Term Leases	-	154K	128K	993K	6.69M
Deferred Tax Liability Non Current	122K	3.43K	-	1.07M	5.84M
Other Non Current Liabilities	-	-	367K	667K	9.17M
Total Liabilities	5.87M	4.75M	8.34M	20.5M	119M
Common Stock, Total	1K	1K	6.86M	9.03M	45.28M
Additional Paid In Capital	-	-	3M	4.06M	1.95M
Retained Earnings	4.6M	4.41M	6.65M	3.18M	-27.75M
Comprehensive Income and Other	-146K	73.77K	-117K	99.68K	-242K
Total Common Equity	4.45M	4.49M	16.39M	16.36M	19.24M
Minority Interest	-44.72K	-44.72K	238K	2.36M	519K
Total Equity	4.41M	4.44M	16.63M	18.72M	19.76M
Total Liabilities And Equity	10.28M	9.19M	24.97M	39.23M	138M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	16M	16M	26.86M	30.82M	36.64M
ECS Total Common Shares Outstanding	16M	16M	26.8M	27.19M	35.43M
Book Value / Share	0.28	0.28	0.61	0.6	0.54
Tangible Book Value	4.45M	4.49M	16.39M	13.92M	2.44M
Tangible Book Value Per Share	0.28	0.28	0.61	0.51	0.07
Total Debt	2.55M	2.11M	1.08M	7.28M	75.38M
Net Debt	1.15M	1.18M	-6.22M	1.09M	66.64M
Debt Equivalent Oper. Leases	1.29M	664K	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-44.72K	-44.72K	238K	2.36M	519K
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Work In Process, Total	594K	3.79M	449K	6.53M	9M
Machinery, Total	133K	144K	69.51K	112K	43K
Full Time Employees	-	9	15	15	18
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	174K	26K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-132K	-188K	2.24M	-3.47M	-31.04M
Depreciation & Amortization - CF	9.31K	25.78K	49.21K	301K	3.6M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	109K	1.47M
Depreciation & Amortization, Total	9.31K	25.78K	49.21K	410K	5.07M
(Gain) Loss From Sale Of Asset	-	-	4.79K	-	93K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	1.26M	4.72M
Asset Writedown & Restructuring Costs	-	-	724K	4.1M	30.37M
Stock-Based Compensation (CF)	-	-	2.95M	860K	2.2M
Provision and Write-off of Bad Debts	213K	-	-	-2.92M	26K
Other Operating Activities, Total	-45.03K	177K	47.35K	1.09M	-17.35M
Change In Accounts Receivable	-3.03M	3.85M	-9.91M	9.59M	-6.64M
Change In Inventories	-123K	-3.14M	-264K	-5.65M	-2.35M
Change In Accounts Payable	491K	-975K	2.46M	-234K	3.02M
Change in Unearned Revenues	-	-	-	3.43M	960K
Change In Income Taxes	-	-17.46K	909K	-	-
Change In Deferred Taxes	12.19K	-118K	-	-	-
Change in Other Net Operating Assets	-76.71K	557K	2.98M	9.64K	-6.35M
Cash from Operations	-2.68M	171K	2.19M	8.48M	-17.26M
Capital Expenditure	-3.19K	-10.97K	-2.07M	-7.73M	-8.26M
Cash Acquisitions	-	-	-	-94.35K	9.89M
Investment in Marketable and Equity Securities, Total	-	-	-	3.16M	454K
Other Investing Activities, Total	-	-	-	-	-6.21M
Cash from Investing	-3.19K	-10.97K	-2.07M	-4.66M	-4.13M
Short Term Debt Issued, Total	3.5M	-	1.25M	1.25M	6.19M
Long-Term Debt Issued, Total	1.02M	362K	-	-	10.09M
Total Debt Issued	4.52M	362K	1.25M	1.25M	16.28M
Short Term Debt Repaid, Total	-2.15M	-983K	-320K	-	-3.06M
Long-Term Debt Repaid, Total	-44.5K	-58.49K	-141K	-628K	-5.34M
Total Debt Repaid	-2.19M	-1.04M	-461K	-628K	-8.4M
Issuance of Common Stock	-	-	6.04M	104K	10.4M
Other Financing Activities, Total	-	-	-6.94M	-	5.64M
Cash from Financing	2.32M	-679K	-117K	728K	23.93M
Foreign Exchange Rate Adjustments	62K	50.93K	-185K	-30.96K	-187K
Net Change in Cash	-302K	-468K	-183K	4.52M	2.35M
Supplemental Items
Cash Interest Paid	-	59.14K	84.81K	-	2.9M
Cash Income Tax Paid (Refund)	-	17.46K	-	1.81M	2.63M
Levered Free Cash Flow	-	-54.6K	-3.13M	1.43M	-13.61M
Unlevered Free Cash Flow	-	39.71K	-3.13M	1.69M	-10.74M
Change In Net Working Capital	-	-242K	2.45M	-7.9M	4.42M
Net Debt Issued / Repaid	2.32M	-679K	789K	624K	7.88M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	-2.23	-9.42	0.79	-6.01
Return on Total Capital	-	-3.22	-13.26	1.16	-8.81
Return On Equity %	-	-4.26	21.28	-20.24	-161.7
Return on Common Equity	-	-4.21	21.48	-21.21	-174.36
Margin Analysis
Gross Profit Margin %	34.22	19.21	24.66	19.77	21.7
SG&A Margin	32.12	22.37	22.37	17.46	41.59
EBITDA Margin %	-0.79	-3.27	-13.95	1.19	-10.3
EBITA Margin %	-0.92	-3.41	-13.99	0.88	-17.01
EBIT Margin %	-0.92	-3.41	-13.99	0.7	-20.55
Income From Continuing Operations Margin %	-2.14	-1.85	12.19	-6.13	-74.92
Net Income Margin %	-1.8	-1.85	12.19	-5.95	-74.74
Net Avail. For Common Margin %	-1.8	-1.85	12.19	-5.95	-74.74
Normalized Net Income Margin	-0.58	-1.88	13.31	5.1	-13.02
Levered Free Cash Flow Margin	-	-0.54	-17.02	2.45	-32.78
Unlevered Free Cash Flow Margin	-	0.39	-17.02	2.9	-25.86
Asset Turnover
Asset Turnover	-	1.05	1.08	1.82	0.47
Fixed Assets Turnover	-	85	28.17	20.72	0.94
Receivables Turnover (Average Receivables)	-	2.72	2.88	9.43	7.79
Inventory Turnover (Average Inventory)	-	3.76	43	13.42	4.19
Short Term Liquidity
Current Ratio	2.17	2.67	3.11	1.32	0.96
Quick Ratio	1.6	0.93	2.62	0.6	0.48
Operating Cash Flow to Current Liabilities	-0.57	0.05	0.31	0.63	-0.4
Days Sales Outstanding (Average Receivables)	-	134.06	126.77	38.81	46.83
Days Outstanding Inventory (Average Inventory)	-	97.12	8.49	27.27	87.17
Average Days Payable Outstanding	-	75.92	45.18	15.7	84.48
Cash Conversion Cycle (Average Days)	-	155.27	90.08	50.38	49.52
Long Term Solvency
Total Debt/Equity	57.89	47.56	6.52	38.87	381.45
Total Debt / Total Capital	36.66	32.23	6.12	27.99	79.23
LT Debt/Equity	23.17	31.18	5.34	28.69	306.07
Long-Term Debt / Total Capital	14.67	21.13	5.01	20.66	63.57
Total Liabilities / Total Assets	57.12	51.7	33.39	52.27	85.72
EBIT / Interest Expense	-0.2	-2.3	-	0.96	-1.85
EBITDA / Interest Expense	-0.18	-2.13	-	1.94	-0.75
(EBITDA - Capex) / Interest Expense	-0.18	-2.21	-	-16.39	-2.55
Total Debt / EBITDA	-43.87	-6.56	-0.43	8.92	-21.73
Net Debt / EBITDA	-19.81	-3.67	2.46	1.33	-19.21
Total Debt / (EBITDA - Capex)	-41.59	-6.34	-0.24	-1.05	-6.43
Net Debt / (EBITDA - Capex)	-18.78	-3.54	1.35	-0.16	-5.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	38.81	80.41	217.31	-28.86
Gross Profit, 1 Yr. Growth %	-	-22.08	130.77	155.35	-17.25
EBITDA, 1 Yr. Growth %	-	473.04	666.88	-127.03	-717.32
EBITA, 1 Yr. Growth %	-	415.31	614.09	-120	-1.47K
EBIT, 1 Yr. Growth %	-	415.31	614.09	-115.79	-2.2K
Earnings From Cont. Operations, 1 Yr. Growth %	-	19.94	-1.29K	-259.55	769.89
Net Income, 1 Yr. Growth %	-	42.69	-1.29K	-254.94	793.49
Normalized Net Income, 1 Yr. Growth %	-	351.55	-989.84	21.5	-281.78
Diluted EPS Before Extra, 1 Yr. Growth %	-	17.74	-609.59	-316.67	646.15
Accounts Receivable, 1 Yr. Growth %	-	-67.03	487.99	-86.64	530.36
Inventory, 1 Yr. Growth %	-	538.36	129.03	1.36K	37.82
Net Property, Plant and Equip., 1 Yr. Growth %	-	641.33	417.73	314.76	455.56
Total Assets, 1 Yr. Growth %	-	-10.59	171.57	57.09	252.71
Tangible Book Value, 1 Yr. Growth %	-	0.7	265.48	-15.07	-82.5
Common Equity, 1 Yr. Growth %	-	0.7	265.48	-0.18	17.58
Cash From Operations, 1 Yr. Growth %	-	-106.38	1.18K	254.88	-303.42
Capital Expenditures, 1 Yr. Growth %	-	243.46	18.8K	588.8	6.76
Levered Free Cash Flow, 1 Yr. Growth %	-	-	4.91K	-163.29	-1.05K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-9.97K	-177.65	-734.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	58.25	139.26	50.25
Gross Profit, 2 Yr. CAGR %	-	-	34.33	142.26	41.23
EBITDA, 2 Yr. CAGR %	-	-	564.26	43.98	29.09
EBITA, 2 Yr. CAGR %	-	-	517.64	19.52	65.65
EBIT, 2 Yr. CAGR %	-	-	517.64	6.18	82.08
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	277.81	335.75	272.54
Net Income, 2 Yr. CAGR %	-	-	312.07	329.4	272.09
Normalized Net Income, 2 Yr. CAGR %	-	-	659.41	228.81	48.6
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	144.95	232.28	302.08
Accounts Receivable, 2 Yr. CAGR %	-	-	39.24	-11.38	-8.24
Inventory, 2 Yr. CAGR %	-	-	-13.07	477.35	347.88
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	519.52	363.39	726.19
Total Assets, 2 Yr. CAGR %	-	-	55.83	106.55	135.39
Tangible Book Value, 2 Yr. CAGR %	-	-	91.84	76.19	-61.44
Common Equity, 2 Yr. CAGR %	-	-	91.84	91	8.34
Cash From Operations, 2 Yr. CAGR %	-	-	-9.63	603.98	168.68
Capital Expenditures, 2 Yr. CAGR %	-	-	2.45K	2.55K	171.19
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	378.07	145.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	630.56	121.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	99.55	59.7
Gross Profit, 3 Yr. CAGR %	-	-	-	66.18	66.12
EBITDA, 3 Yr. CAGR %	-	-	-	128.48	133.79
EBITA, 3 Yr. CAGR %	-	-	-	96.88	169.6
EBIT, 3 Yr. CAGR %	-	-	-	81.94	187.14
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	183.45	448.66
Net Income, 3 Yr. CAGR %	-	-	-	197.42	448.22
Normalized Net Income, 3 Yr. CAGR %	-	-	-	312.26	169.85
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	135.13	335.13
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-36.26	70.44
Inventory, 3 Yr. CAGR %	-	-	-	122.39	258.15
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	441.96	607
Total Assets, 3 Yr. CAGR %	-	-	-	56.25	146.88
Tangible Book Value, 3 Yr. CAGR %	-	-	-	46.22	-18.4
Common Equity, 3 Yr. CAGR %	-	-	-	54.3	62.48
Cash From Operations, 3 Yr. CAGR %	-	-	-	46.75	365.41
Capital Expenditures, 3 Yr. CAGR %	-	-	-	1.24K	809.57
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	501.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	596.8