Non-Controlling Interest (Tables)

12 Months Ended

Jun. 30, 2025

Notes and other explanatory information [abstract]

Schedule of other non-controlling interests

	June 30, 2025
Other long-term liabilities	$	693
Trade and other payables	$	38

Summary of financial information for the subsidiaries of non-controlling interests

Summarized financial information for the Company’s subsidiaries that have non-controlling interests is set out below. The amounts are before intercompany eliminations.

As at June 30, 2025:	Current assets		Non-current assets		Current liabilities			Non-current liabilities			Net assets (liabilities)			Carrying amount of NCI
2467264 Ontario Inc.	$	2	$	-	$	(928	)	$	-		$	(926	)	$	(45	)
OFIT RT		156		1,747		(136	)		(1,510	)		257			564
	$	158	$	1,747	$	(1,064	)	$	(1,510	)	$	(669	)	$	519

As at June 30, 2024:	Current assets		Non-current assets		Current liabilities			Non-current liabilities			Net assets (liabilities)			Carrying amount of NCI
2467264 Ontario Inc.	$	2	$	-	$	(928	)	$	-		$	(926	)	$	(45	)
OFIT GM		561		4,237		(771	)		(4,039	)		(12	)		1,766
OFIT RT		160		1,768		(98	)		(1,569	)		261			640
	$	723	$	6,005	$	1,797		$	5,608		$	(677	)	$	2,361

POWERBANK CORPORATION

(FORMERLY SOLARBANK CORPORATION)

Notes to Consolidated Financial Statements

(Expressed in thousands of Canadian dollars, except per share amounts and as otherwise indicated)

For the years ended June 30, 2025 and 2024

23. Non-Controlling Interest (continued):

	Year ended June 30, 2025
	Comprehensive income (loss)			Allocated to NCI
OFIT RT	$	(152	)	$	(76	)
2467264 Ontario Inc.		-			-
	$	(152	)	$	(76	)

	Year ended June 30, 2024
	Comprehensive income (loss)			Allocated to NCI
2467264 Ontario Inc.	$	156		$	-
OFIT GM		(160	)		(80	)
OFIT RT		(60	)		(30	)
Solar Alliance DevCo LLC		61			15
	$	(3	)		(95	)

	Year ended June 30, 2025
	Net cash flows from operating activities		Net cash flows from investing activities		Net cash flows used in financing activities
OFIT RT	$	71	$	-	$	58
2467264 Ontario Inc.		-		-		-

	Year ended June 30, 2024
	Net cash flows from operating activities		Net cash flows from investing activities		Net cash flows used in financing activities
2467264 Ontario Inc.	$	2	$	-	$	-
OFIT GM		434		243		(289	)
OFIT RT		25		201		(106	)