Segment Information (Tables)

12 Months Ended

Jun. 30, 2025

Segment Information

Schedule of revenue from external customers and expenses

The revenues from external customers and expenses for year ended June 30, 2025 and 2024 are as follows:

	Year ended June 30, 2025
	Development & EPC			IPP Production			Corporate and other activities			Intersegment Elimination			Total
Revenues
Revenue from external customers	$	30,948		$	9,297		$	1,286		$	-		$	41,531
Intersegment revenue		-			17,585			-			(17,585	)		-
Total Revenue	$	30,948		$	26,882		$	1,286		$	(17,585	)	$	41,531
Cost of goods sold		(23,633	)		(24,808	)		(164	)		17,585			(31,020	)
Gross profit		7,315			2,074			1,122			-			10,511
Operating expenses	$	(671	)	$	(32,751	)	$	(16,165	)	$	-		$	(49,587	)
Loss from operating activities	$	6,644		$	(30,667	)	$	(15,043	)	$	-		$	(39,076	)
Interest income		-			347			260			-			607
Interest expense		-			(3,263	)		-			-			(3,263	)
Fair value change of derivatives		-			(1,340	)		-			-			(1,340	)
Fair value change of warrant liabilities		-			-			3,575			-			3,575
Fair value change of CVR		-			-			7,195			-			7,195
Loss on investments		-			-			(3,385	)		-			(3,385	)
Other income (expense)	$	-		$	467		$	(116	)	$	-		$	351
Net loss before income taxes													$	(35,336	)

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

27. Segment Information (continued):

	Year ended June 30, 2024
	Development & EPC			IPP Production			Corporate and other activities			Intersegment Elimination		Total
Revenues
Revenue from external customers	$	56,078		$	578		$	1,721		$	-	$	58,377
Intersegment revenue		-			-			-			-		-
Total Revenue	$	56,078		$	578		$	1,721		$	-	$	58,377
Cost of goods sold		(46,224	)		(330	)		(144	)		-		(46,698	)
Gross profit		9,854			248			1,577			-		11,679
Operating expenses	$	(1,122	)	$	(4,197	)	$	(10,778	)	$	-	$	(16,097	)
Loss from operating activities	$	8,732		$	(3,949	)	$	(9,201	)	$	-	$	(4,418	)
Interest income		-			-			321			-		321
Interest expense		-			(285	)		-			-		(285	)
Fair value change of derivatives		-			(137	)		-			-		(137	)
Loss on investments		-			-			(1,125	)		-		(1,125	)
Other income (expense)	$	-		$	(106	)	$	5,119		$	-	$	5,013
Net loss before income taxes												$	(631	)

Schedule of segment assets and segment liabilities

The segment assets, segment liabilities, and other material segment items as at June 30, 2025 and June 30, 2024 are as follows:

As at June 30, 2025	Development & EPC		IPP Production		Corporate and other activities		Total
Total assets	$	22,832	$	111,194	$	4,325	$	138,351
Total liabilities		15,484		90,566		5,541		118,591
Property, plant and equipment		-		34,481		26		34,507

As at June 30, 2024		Development & EPC		IPP Production		Corporate and other activities		Total
Total assets	$	15,112	$	16,995	$	7,118	$	39,225
Total liabilities		9,590		6,468		4,442		20,500
Property, plant and equipment		-		3,408		47		3,455

Schedule of geographical area

	Revenue from external customers				Non-current assets
	2025		2024		2025		2024
Canada	$	15,325		9,958	$	86,368		11,832
United States		26,206		48,419		10,661		9,763
	$	41,531		58,377	$	97,029		21,595