Kraken Robotics Inc. Reports New Orders and 2025 Financial Results

St. John’s, Newfoundland and Labrador, 16 April 2026 – Kraken Robotics Inc. (TSX‑V: PNG, OTCQB: KRKNF) announced that it has secured approximately $28 million in new orders for its SeaPower™ batteries and Synthetic Aperture Sonar (SAS) products. The orders come from five clients, including two new customers, and comprise battery contracts from three large international defence organisations. The announcement was issued via a GlobeNewswire release and reported by Financial Post and StockWatch.

Financial Results for 2025

In a separate disclosure on the same day, the company filed its audited financial statements for the fourth quarter and full year ended 31 December 2025. The release, also distributed through GlobeNewswire, references the company’s March 3, 2026 news release in which preliminary 2025 year‑end results and 2026 guidance were first announced. The statements, as well as the Management’s Discussion and Analysis (MD&A) and annual information form, are available on SEDAR+ at www.sedarplus.ca .

Key points from the 2025 results include:

  • Revenue: Analysts project a 4.13 % increase to approximately CAD 29.3 million for the fiscal year, up from CAD 28.1 million reported in the prior year’s quarter.
  • Profitability: Earnings per share (EPS) are expected to rise to CAD 0.033 for the full year, compared with CAD 0.090 in the previous fiscal year. For the most recent quarter, EPS is forecast at CAD 0.015, down from CAD 0.050 in the corresponding period a year earlier.
  • Overall Sales: Total revenue for the fiscal year is anticipated to reach CAD 103.1 million, an increase from CAD 91.3 million in the previous year.

These figures are consistent with the company’s stated objective to expand its market share in both military and commercial sectors through its advanced sonar, optical sensors, and robotic systems.

Market Context

On the broader market, Canadian equities were buoyant on 16 April 2026, driven by optimism surrounding potential geopolitical developments and a string of solid earnings reports. The TSX futures were slightly lower, while Wall Street futures were positive following record‑high close of the S&P 500 and Nasdaq. Among the earnings released that day were those of Netflix, Taiwan Semiconductor Manufacturing Co., Pepsico, Abbott Laboratories, Charles Schwab, Prologis, Bank of New York Mellon, and U.S. Bancorp. In this environment, investors closely monitored Kraken Robotics’ performance due to its recent growth in defense contracts and its position within the marine technology sector.

Kraken Robotics Inc. continues to operate out of St John’s, Canada, serving customers primarily in North America. With a market capitalization of CAD 2.61 billion and a 52‑week high of CAD 10.72 (as of 10 March 2026), the company’s share price closed at CAD 8.45 on 14 April 2026. The firm’s price‑earnings ratio stands at 140.63.

For further information, stakeholders may consult the company’s website at www.krakenrobotics.com or its filings on the TSX Venture Exchange.