POWERBANK Corp
For the period ended Sep 29, 2026. Filed Sep 29, 2026.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Sep 29, 2026 · Filed Sep 29, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Adjusted EBITDA
Adjusted EBITDA
Adjusted EBITDA is a non-IFRS financial measure, which excludes the following from net earnings:
| ● | Income tax (income) expense; |
| ● | Finance costs; |
| ● | Amortization and depreciation; |
| ● | Fair value gain/loss; |
| ● | Stock based compensation; |
| ● | Impairment charges or reversals; |
| ● | Loss on investments; |
| ● | Foreign exchange gains or losses. |
Management believes Adjusted EBITDA is a valuable indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses Adjusted EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby Adjusted EBITDA is multiplied by a factor or “EBITDA multiple” based on an observed or inferred relationship between Adjusted EBITDA and market values to determine the approximate total enterprise value of a Company. Management also believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company’s performance.
Adjusted EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. Other companies may calculate Adjusted EBITDA differently.
| Twelve months ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| $ | $ | |
| Net income (loss) per financial statements | $(24,296) | $(31,116) |
| Add (Deduct): | ||
| Depreciation and amortization | 204 | 100 |
| Depreciation and amortization included in cost of goods sold | 5,503 | 5,018 |
| Interest income | (353) | (607) |
| Interest expense | 3,762 | 3,263 |
| Interest expense included in cost of goods sold | 448 | 461 |
| Share-based compensation | 4,584 | 2,203 |
| Current tax (recovery) expense | (477) | 953 |
| Deferred income tax (recovery) expense | (372) | (5,173) |
| Fair value change of derivatives | 70 | 1,340 |
| Fair value change of warrant liabilities | (1,111) | (3,575) |
| Fair value change of CVR liabilities | (713) | (7,195) |
| Fair value change of other liabilities due to non-controlling interest holders | 38 | - |
| Inventory write-offs (reversals) | 1,856 | 56 |
| Accounts receivable write-offs | 933 | - |
| Assets abandonment | 542 | - |
| Impairment loss | 4,724 | 30,374 |
| Finance costs | 679 | - |
| Loss on investments | - | 3,385 |
| Contract cancellation fees | 578 | |
| Other (income) expense (1) | (113) | (333) |
| Adjusted EBITDA | $(3,514) | $(846) |
(1) Other (income) expense primarily consist of unrealized foreign exchange gains and losses, along with certain one-time payments received.
For the twelve months ended June 30, 2026, Adjusted EBITDA was a loss of $3,514, compared to a loss of $846 in the same period in the prior year, representing a decrease of $2,668. The decrease primarily reflected lower development and EPC revenue and higher operating expenses.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.