Hybrid Power Solutions Reports Q2 Financial Results

Executive Summary

• Hybrid Power Solutions reported Q2 2025 results with revenue down ~73% year‑over‑year to $279,445 and a net loss of $871,826.
• The company closed a non‑brokered life offering on Jan 19 2026, raising $1,079,925 by issuing 17,998,749 units at $0.06 each (each unit includes one common share and one warrant exercisable at $0.10).
• Additional operational updates include new purchase orders, product launches (Solar Tarp), distribution agreements, and a pending RSU grant of 66,667 shares to an employee.

Key Details

• Financial Highlights – Q2 2025
• Net loss: $871,826 (vs. $559,914 in Q2 2024).
• Revenue: $279,445 (vs. $1,033,133 in Q2 2024).

• Expenses: $723,409 (vs. $768,149 in Q2 2024).

• Financing – Non‑Brokered Life Offering

• Minimum raise: C$1 million, maximum C$2 million.
• Units priced at $0.06 per unit; each unit = 1 common share + 1 warrant (exercise price $0.10).
• Closing date: January 19 2026.

• Gross proceeds raised: $1,079,925 from issuance of 17,998,749 units.

• Equity Compensation

• Issuance of 66,667 RSUs to an employee; pending CSE approval.

• Operational / Business Highlights – Q2 2025

• Received advance purchase order from LMDH Equipment Sales Inc.: 12 Spark units + 1 Terra unit (production started Dec 2025).
• Launched the Solar Tarp, a modular CIGS‑panel solar solution; showcased at GCXpo (Sept 2025).
• Signed distribution agreements with Groovy Energy Ltd., Tire Butler, Kiikew Renewables Corp., Dragonfly Energy Holdings Corp.
• Executed MOU with CarboMat Inc. for carbon‑based advanced battery anode materials.
• Additional Batt Pack Energy orders from U.S. Air Force and Marine Corps; testing ongoing in 2026.
• Received initial stocking order from Dragonfly Energy Holdings Corp.
• Demonstrated products at the Best Defence conference (London, Ontario).
• Advanced to final testing of proprietary IoT platform for fleet management.

Notable Quotes

• “Hybrid Power Solutions continues to lead the clean energy transition amid economic challenges in Canada and the US,” – Francois Byrne, CEO & Founder.
• “These ongoing demos and pilots are key to driving future orders, as they showcase proven performance and pave the way for customer commitments including upcoming deliveries of innovations such as the Solar Tarp.” – Francois Byrne.