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
This article has been disseminated on behalf of PowerBank and may include paid advertising. 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.…

