Revenue for the fiscal year ended June 30 totaled $27.4 million, down from $41.5 million in 2025. CEO Richard Lu attributed the decline to the company’s strategic shift, noting that while top-line revenue dipped, gross margins expanded significantly to 34.7% from 25.3%. The company’s independent power production division proved a bright spot, with production revenue rising to $9.8 million.

Operational milestones defined the year, including the commercial launch of the SFF 06 battery energy storage project in Ontario and the expansion of its footprint in upstate New York. PowerBank also secured a $2.95 million federal contract with the U.S. Department of Defense for a solar canopy project. By year-end, the company achieved positive working capital of $1.6 million, reversing the $1.8 million deficit recorded in 2025. Management expects this structural foundation to support a return to revenue growth in fiscal 2027.