Ameritek Ventures (ATVK) filed its Q3 2025 report, showing a sharp quarterly swing to profitability driven by non-operating items while continuing its business transition. For the three months ended September 30, 2025, the company reported net income of $5,276,271, primarily from a $5,329,604 unrealized gain on its investment in ZenaTech. For the nine months, Ameritek recorded a net loss of $2,250,467 as expenses and earlier-period losses outweighed gains.
Ameritek reported no revenue in the period and is branching into real estate rentals after purchasing two apartments in Cook County, Illinois. It also bought a franchise for $82,500. Cash ended the quarter at $26,602. Total assets were $14,755,335, including $12,087,323 of ZenaTech securities; total liabilities were $3,115,810, with related-party debt prominent.
The company closed the sale of Ecker Capital in 2024 for ZenaTech shares and in 2025 acquired Galaxy Batteries for $37,000,000 under common control, significantly increasing common stock issued. Management disclosed material weaknesses in internal controls, including no functioning audit committee and inadequate segregation of duties.