.jpg)
2 hours ago
1
Article content
VANCOUVER, British Columbia, Nov. 11, 2025 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology business solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the third quarter ended September 30, 2025, which includes a record 1,225% increase in year-over-year revenue for the quarter. The company achieved a 6X revenue increase for the first nine months of the year with revenue of $7.73 million compared to the same period of 2024 (all figures are in Canadian dollars). These results represent the company’s highest-ever quarterly revenue driven by exceptional performance of the Drone as a Service segment and in addition includes the highest ever quarterly growth for the enterprise SaaS software segment. Progress was made towards advancing the US defense industry business and other product and manufacturing objectives.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Highlights for Q3 2025:
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
- Record Revenue Growth: Revenue for the quarter was $4.35 million, a 1,225% increase year-over-year from $327,878 in the same quarter of 2024
- Drone as a Service Segment Growth: Drone as a Service contributed $3.57 million in revenue during the quarter compared to zero in Q3 of 2024
- Enterprise Software Segment Growth: Enterprise SaaS Software segment revenue grew to $776,908 during the quarter, which represents a 137% increase over the same quarter last year
- Nine-Month Growth Momentum: Revenue for the first nine months of 2025 reached $7.73 million, up almost 6X from $1.29 million in the same period in 2024
- Operational Expansion: Completed four acquisitions of land survey engineering companies during the quarter strengthening the company’s Drone as a Service national footprint to ten locations across the US by quarter end
- Working Capital: Increased to $23.6 million as of September 30, 2025, compared to $3.4 million on December 31, 2024
- Healthy Balance Sheet: Cash reserves and marketable securities increased to $19.5 million as of June 30, 2025, up from $10.27 million of cash reserves only at the end of Q2, 2025.
- Defense Business: Submitted application for Green UAS (Uncrewed Aircraft Systems), part of the pathway to becoming an approved supplier to the US Department of War, and the company made progress building relationships with military program managers and government officials to help secure future government defense contracts
Article content
Article content
“This quarter’s results demonstrate that our Drone as a Service strategy is scaling faster than expected,” said Shaun Passley, PhD, ZenaTech CEO. “We are seeing strong demand for drone-based land surveying, mapping, and infrastructure inspection services across both the public and private sectors. As we continue integrating our recent acquisitions and deploying AI-driven flight control technologies, we expect sustained growth momentum to continue into 2026.”
Article content
Dr. Passley added, “Our SaaS division also continues to expand internationally, with increasing subscription demand for field management, safety, and workflow software across Europe and the Middle East.”
Article content
Financial Overview
Article content
- Revenue Growth: The significant increase was fueled by the full-scale rollout of the Drone as a Service segment encompassing four acquisitions during the quarter combined with six existing business locations, and strong enterprise SaaS software license renewals
- Asset Growth: Total assets grew to $78.5 million at the end of the quarter, up from $34.65 million on December 31, 2024, reflecting the continued impact of acquisitions and technology investments
- Investments in Business Growth: Expenses increased as expected during the quarter, largely due to the costs associated with operations and associated wages required to drive revenue growth. The company also expanded tradeshow events and marketing, and travel expenses increased due to this and the integration of new offices and teams
- Derivatives, Non-Cash Items: The Company recorded a non-cash expense of $25 million related to the revaluation of derivative liabilities associated with its convertible line of credit, which negatively impacts net income but does not affect cash flow or operations
English (US)