India, Sept. 29 -- PowerBank Corp. (PBK), a renewable energy company, reported a narrower net loss for fiscal 2026, compared to the same period last year, despite a decline in revenue.
Looking ahead to the fiscal 2027, the company expects growth in revenue.
For the year ended June 30, 2026, net loss narrowed to C$24.30 million, or C$0.58 per share, compared with a net loss of C$31.12 million, or C$0.97 per share, in the prior fiscal year.
Adjusted EBITDA loss was C$3.5 million, compared with EBITDA loss of C$0.85 million in the prior year.
For the latest fiscal period, revenue declined to C$27.41 million, from C$41.53 million in the prior fiscal year.
Richard Lu, CEO of PowerBank aid fiscal 2026 was the year the company's financial tra...