PowerBank Corporation, a Canada-based renewable energy developer and project owner, has reported its Q2 FY2026 financial results. According to the report, revenue reached CAD 22.3 million (~ $16.28 million), up from CAD 19.2 million (~ $14.02 million) year-over-year, indicating strong growth. Gross profit was CAD 8.1 million (~ $5.91 million) with a 36% margin, while adjusted EBITDA came in at CAD 2.5 million (~ $1.83 million) versus CAD 2.3 million (~ $1.68 million) in the prior-year period. Net loss narrowed significantly to CAD 6.7 million (~ $4.89 million) from CAD 28.2 million (~ $20.59 million) over the same period last year. During the reporting period, the company secured safe harbor status for 15 distributed solar and storage projects totaling about 67 MW DC and 11 MWh capacity. PowerBank Corporation management said the improved financial performance was linked to stronger EPC activity and higher development fee contributions.