Hybrid Power Solutions reports Annual Financial Results

Executive Summary

• Hybrid Power Solutions reported FY 2025 revenue of $2.80 M, a 15% increase year‑over‑year.
• Net loss narrowed to $2.93 M from $6.51 M in the prior fiscal year, reflecting a significant improvement in profitability.
• The company completed multiple financing transactions (C$541.8 k shelf offering and C$600 k prospectus offering) and secured C$2.25 M matching funding from FedDev Ontario.

Key Details

• Revenue: $2,801,100 for the period ending May 31 2025 vs. $2,437,507 for the same period in 2024 (+15%).
• Expenses: $3,254,599 for FY 2025 vs. $6,506,186 in FY 2024 (‑50%).
• Net Loss: $2,928,841 for FY 2025 vs. $6,512,440 in FY 2024 (loss reduction of 55%).
• Strategic Partnerships: Agreements signed with distributors such as Colony Hardware, Drive Products, Tom Miller & Associates, TEC Sales, and Civic Grid.
• Major Sales: Delivered 105 Batt Pack Pros to a California utility; sold units to US Marine Corps, Air Force, and California Air National Guard.
• Pilot Programs: Ongoing demos with a leading Canadian rental firm, a national home builder, construction firms, mining companies, utilities, and additional 18 pilot/demo units in testing.
• Product Launches: Introduced new Hybrid Spark sizes to meet higher power demand.
• Software Development: Initiated cross‑platform fleet management and remote monitoring software featuring AI, GPS tracking, diagnostics, Wi‑Fi & cellular connectivity.
• Regulatory Milestone: Secured listing with the California Air Resources Board.
• International Expansion: Signed LOI with Green Maple Energy Solutions for import of energy solutions into Nigeria and broader Africa.
• Financing Activities:
• Completed non‑brokered shelf offering of C$541,800.
• Completed non‑brokered prospectus offering of C$600,000.
• Received matching funding of C$2,250,000 from FedDev Ontario.
• Board & Management Appointments:
• Muneer Yoosuf, CGMA – Chief Financial Officer.
• Bruno Antidormi, P.Eng., G.S.C. – Director.
• Alvin Kersting – Director.

Notable Quotes

“Over the past year, we have taken bold steps to ensure Hybrid is built on a stronger foundation – streamlining operations, reshaping our engineering team, and investing in Canadian innovation… Our pipeline of opportunities has never been stronger.” – Francois Byrne, CEO & Founder.