VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA | FSE: 49Q | BMV: ZENA) ("ZenaTech" or the "Company"), a technology company specializing in AI-powered drone systems, Drone as a Service (DaaS), enterprise SaaS solutions, and Quantum Computing applications, announces its financial results for the full-year ended December 31, 2025 (all figures are expressed in Canadian dollars).
The Company reported record year-end revenue of $12.9 million, a 558% increase compared to almost $2.0 million for the full year 2024. The revenue growth was driven by the successful execution of ZenaTech's Drone as a Service strategy, completing 20 acquisitions in 2025, including 19 land surveying and inspection companies across the United States, United Kingdom, and Canada, and the U.K.-based enterprise software company Othership Limited. Total assets increased 188% from $34.6 million to $99.8 million, as compared to the same period in 2024.
By the Numbers -- Full Year 2025
FY2025 FY2024 Change
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Total Revenue $12.9M $2.0M +558%
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Total Assets $99.8M $34.6M +188%
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Cash + Reserves $15.1M $3.8M +301%
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Working Capital $18.3M $3.4M +439%
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Acquisitions Completed 20 2 --
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Fourth Quarter 2025 and Recent Highlights
-- Counter-UAS for Defense: ZenaDrone commenced prototype development of two
interceptor drones (gas-powered ZenaDrone 2000 and one-way Interceptor
P-1) and a marine launching station (IQ Glider) to enter the
maritime-based interceptor drone and integrated defense system market
-- New Facilities, Global Expansion- Asia and Ukraine: The company opened an
office in South Korea and announced it plans to open drone manufacturing
and testing operations in Ukraine
-- Green/Blue UAS certification: The company added the ZenaDrone 1000 for
certification, and now has three drones in the Green UAS certification
process, the pathway to Blue UAS certification, which will enable future
inclusion in U.S. Defense procurement contracts
-- Record Q4 Revenue Growth: Revenue for Q4 2025 was $5.2 million, a 670%
increase from Q4 of 2024
-- New Acquisitions/Drone as a Service Locations: The company announced
completion of multiple land survey company acquisitions and added a new
corporate location in Orlando to its Drone as a Service network, bringing
the total current number of DaaS global locations to 24. The company also
acquired an HR services software company (Now Solutions) adding a 12th
brand to its SaaS business segment
-- New Products: ZenaDrone launched new products including the IQ Quad
specifically built for land surveys, the IQ Aqua for underwater
surveillance, and added quantum navigation software for GPS-denied
environments for its drones
Full year 2025 Highlights
-- Record Revenue Growth: Revenue for the full year of 2025 was $12.9
million, a 558% increase year-over-year from 2024
-- Drone as a Service Segment Growth: Drone as a Service contributed $10.1
million in revenue the full year of 2025
-- Enterprise Software Segment Growth: Enterprise SaaS Software segment
revenue grew to $2.8 million for the full year of 2025 which represents a
43% increase over the full year of 2024
-- Operational Expansion: Completed 20 acquisitions consisting of 19 land
survey and mapping, inspection, and cleaning companies plus one
enterprise software acquisition (Othership Limited) during 2025,
strengthening the company's Drone as a Service global footprint to 19
locations across the U.S., the U.K. and Canada
-- Working Capital: Increased to $18.3 million as of December 31, 2025,
compared to $3.4 million on December 31, 2024
-- Healthy Balance Sheet Cash and reserves increased to $15.1 million as of
December 31, 2025, up from $3.8 million on December 31, 2024
"This has been a transformational year for ZenaTech, marked by strong execution against our drone business strategy, meaningful progress across our software segment, and foundation-building progress towards future success for our defense business. Our revenue growth of over 558% and total assets surpassing $99.8 million demonstrates the building of significant commercial traction," said Shaun Passley, Ph.D., ZenaTech CEO. "In 2025, we accelerated the rollout of our Drone as a Service model establishing a scalable AI-driven autonomy platform that positions us for long-term, recurring revenue growth. We successfully executed on our DaaS acquisition strategy completing 20 acquisitions -- including 19 land surveying and legacy business acquisitions and one enterprise software acquisition -- establishing drone integration and a meaningful revenue base in our first full year of DaaS operations. At the same time, we advanced bringing ZenaDrone's innovative solutions closer to commercial and defense deployment and deepened our engagement with military stakeholders for demonstrations and pilot opportunities that we believe will be critical in validating our technology to unlocking future defense contracts. As we look ahead, we are focused on building on this momentum, scaling our platforms, and converting this progress into sustained growth and shareholder value."
Operational Highlights
-- Drone as a Service (DaaS) Segment Launch: The DaaS segment generated
$10.1 million in land surveying service revenue in its first full year,
representing 78% of total consolidated revenue
-- 20 Acquisitions Completed: ZenaTech completed 20 acquisitions in 2025, 19
land survey and legacy service companies, plus one enterprise software
acquisition (Othership Limited). Each acquisition is immediately
accretive to revenue with margin improvement expected over a
12-to-24-month integration period as drone conversion is completed and
drone locations expand their portfolio of offerings and cross selling
opportunities
-- Strong Balance Sheet Growth: Total assets grew approximately 3X from
$34.6 million to $99.8 million, with property, plant and equipment
increasing from $416,695 to $11.7 million. Intangibles grew to $10.4
million, and goodwill of $12.1 million was recognized from land surveying
business combinations.
-- Defense Customer Engagement: ZenaDrone made meaningful progress engaging
with program managers in U.S. defense agencies, and meeting with Members
of Congress during the year, positioning for demonstrations and pilot
programs in 2026
-- Enterprise SaaS Segment Growth: The Enterprise SaaS Software segment
delivered revenue of approximately $2.8 million for the full year of
2025, an increase of 43% year-over-year. Growth was supported by
ZenaTech's software subsidiaries including workplace scheduling, medical
records, law enforcement data management, warehouse management, and other
verticals
-- Expanded Manufacturing Operations: The Company expanded its three
manufacturing facilities and teams in Taiwan (Spider Vision Sensors
subsidiary) and in UAE, and added a new facility for NDAA-compliant,
including the company's plans for American-made drones, in Mesa, Arizona
for US defense customers, support the scaling of its ZenaDrone 1000 AI
drone platform and IQ Series drones
-- Othership Limited Acquisition: ZenaTech expanded its enterprise software
portfolio through the acquisition of Othership Limited (U.K.), adding
workplace scheduling and management software
Financial Overview
Total revenue for the year ended December 31, 2025 was $12.9 million, an increase of 558% compared to $2.0 million for the prior year in 2024. The DaaS segment, which was not revenue-generating in 2024, contributed $10.1 million in land surveying and inspections service revenue from 19 companies acquired in 2025.
The Enterprise SaaS Software segment delivered $2.8 million in revenue, an increase of 43% compared to $2.0 million in 2024, driven by higher subscription and license fee income from PsPortals, Ecker which includes brand Interactive Systems, and ZooOffice which includes brands Deskflex and Jadian.
Net loss of $45.2 million reflects the launch year of DaaS operations as well as strategic investments made in R&D and other scaling costs supporting growth initiatives. Net loss includes non-cash items, including $18.1 million in non-cash loan derivative charges from convertible debt used to fund 20 acquisitions. Net loss, excluding non-cash items and the effect of changes in working capital, was $19.2 million.
Outlook
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