PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Reports FY 2025 Increase in Independent Power Producer (‘IPP’) Revenues and Assets from IPP Portfolio Expansion
The company reported a 1,508% increase in revenues from its IPP segment in FY 2025. Total company assets rose 253% year-over-year, driven by IPP expansion and strategic project acquisitions. Gross margin improved to 25% from 20% in FY 2024. The company announced up to US$100 million in project-based financing through a mandate with CIM Group. PowerBank’s development pipeline now totals 1,806 (MWdc, MWh) of solar PV and battery energy storage projects. CEO Dr. Richard Lu highlighted a transition toward long-term recurring revenue through asset ownership and financing. Disseminated on behalf of PowerBank Corporation PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE:…