ZenaTech posts C$49.1M net loss in first-half 2026
ZenaTech's preliminary third-quarter estimates imply 44%–59% sequential revenue growth; its 2027 breakeven goal may be deferred by strategic investments.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ZenaTech, Inc. (ZENA) outlined product-development plans and set a management target of adjusted EBITDA breakeven in 2027. The goal depends on operating execution, acquisition integration, cost controls and other variables; strategic investments could defer it. First-half 2026 revenue was C$17.73 million, up 425% year over year, including C$16.44 million from DaaS. Net loss was C$49.09 million.
Preliminary unaudited third-quarter revenue is estimated at C$13.4 million to C$14.8 million, a stated 44% to 59% sequential increase from second-quarter revenue of C$9.33 million. At June 30, 2026, cash and marketable securities were C$34.6 million.
Orsa+’s planned healthcare-teaching applications would pair with Stacklens, which remains in prototype and testing, with customer pilots expected in 2027. ZenaWorx targets construction monitoring and announced its first paying AI data-center monitoring customer in August 2026. ZenaTech also described an AI LiDAR suite in development, designed to reduce post-processing workflows by as much as 80%.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointFirst-half revenue grew 425% year over year.
Negative
- None.
Filing Explained
This 6-K incorporates Exhibit 99.4, the 2027 breakeven-target release, into the effective F-3/A registration statement; that shelf permits future offerings subject to prospectus supplements.
Key Figures
Key Terms
Adjusted EBITDA financial
Drone as a Service (DaaS) technical
LiDAR technical
point cloud classification technical
Digital Terrain Models (DTM) technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is ZENA's 2027 breakeven target?
What are ZENA's third-quarter 2026 revenue estimates?
How does ZenaTech define adjusted EBITDA?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
Commission File Number 001-41852
ZENATECH, INC.
(Translation of registrant’s name into English)
777 Hornby Street, Suite 1460
Vancouver, British Columbia Canada V6Z 1S4
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
⌧ Form 20-F ☐ Form 40-F
- 2 -
SUBMITTED HEREWITH
Exhibits |
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99.1 | ZenaTech Extends Use of Tillerstack’s Orsa+ AI Software and Plans Healthcare Teaching Applications Combined with Stacklens™ Smart Glasses
|
99.2 | ZenaTech Details ZenaWorx Drone-Based Construction Intelligence Platform Targeting AI Data Center Development
|
99.3 | ZenaTech Unveils its Proprietary AI Software Suite Designed to Accelerate Land Survey Delivery for Drone as a Service Commercial, Municipal and Infrastructure Clients
|
99.4 | ZenaTech Targets Adjusted EBITDA Breakeven in 2027 Following 425% First-Half Revenue Growth
|
|
|
- 3 -
INCORPORATION BY REFERENCE
The information contained in Exhibit 99.4 of this Form 6-K shall be deemed filed with the US Securities and Exchange Commission (“SEC”) solely for the purposes of incorporation by reference into and as part of the Registration Statement on Form F-3/A (No. 333-293356) on file with and declared effective by the SEC.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 28, 2026
ZENATECH, INC.
By:/s/ Shaun Passley, Ph.D
Name: Shaun Passley, Ph.D
Title: Chief Executive Officer
Exhibit 99.1
ZenaTech Extends Use of Tillerstack’s Orsa+ AI Software and Plans Healthcare Teaching Applications Combined with Stacklens™ Smart Glasses
Existing industrial software use supports planned hands-free AI applications across field service and healthcare education
Vancouver, British Columbia, (October 15, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today highlighted the use of Onsite Remote Assist (Orsa+) AI software, developed by its subsidiary Tillerstack. Orsa+ is remote software used for AI assistance for field technicians. It is designed to work with the Company’s recently unveiled Stacklens™ AI smart glasses and live access to off-site experts in the field. Today ZenaTech outlined plans to extend this solution to healthcare teaching applications and its intention to work toward medical device certification.
“Our vision is to bring practical AI assistance directly into the worker’s field of view,” said Shaun Passley, Ph.D., ZenaTech CEO. “Multiple industrial companies already use Orsa+ to support their field operations, and that existing use gives us a foundation for developing additional hands-free applications that connect workers with technical information, AI assistance, and human expertise. Combining Orsa+ with Stacklens could extend that support across industrial and field applications and healthcare education, where seeing a task from the learner’s perspective can help instructors provide more relevant guidance.”
Orsa+ is designed to combine remote visual support with access to field-service information, and its AI assistant is being developed to use the technician’s visual perspective to support the task at hand. Applications include manufacturing and industrial machinery, utilities and energy, telecommunications, HVAC and building services, and transportation and logistics, where it can provide troubleshooting, maintenance guidance, and access to technical documentation. The technology is intended to give less experienced technicians handsfree access to specialist knowledge, helping organizations shorten troubleshooting times, reduce specialist travel, and improve service documentation.
ZenaTech believes there is significant potential for Orsa+ integrated with Stacklens as a teaching aid in healthcare. The planned combination would allow an AI assistant and remote instructors to see what the wearer sees, supporting instruction from the learner’s perspective while keeping their hands available for practical tasks. Potential applications include clinical simulation, nursing and allied health education, medical equipment instruction and maintenance training, and the Company intends to explore these opportunities with healthcare and education organizations.
The planned Stacklens line is intended to complement Orsa+ software by bringing hands-free camera, audio, and AI capabilities into safety eyewear designed for field environments. As announced on October 9, 2026, Stacklens remains at the prototype and testing stage, with customer pilots expected to begin in 2027, and existing Orsa+ AI software use is separate from these planned pilots. ZenaTech intends to work toward medical device certification for Stacklens and will provide further updates as it reaches additional development, certification, and pilot program milestones.
About ZenaTech
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms to transform commercial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and an enterprise SaaS division of software brands. The Company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries like land surveys and inspections, driving drone-based scalable, recurring revenue growth. With an operating footprint spanning North America, Europe, the Middle East, Asia, and Australia, ZenaTech is advancing AI drones for applications such as agriculture and logistics, as well as ISR, cargo, and counter-UAS for U.S. defense and NATO allies. The company is investing in next-generation technologies, including drone swarms, quantum computing, and advanced AI autonomy to capture long-term opportunities in key markets through its R&D initiatives.
About ZenaDrone
ZenaDrone, a subsidiary of ZenaTech, develops and manufactures AI-powered multifunction autonomous drone solutions integrating machine learning, predictive analytics, and advanced computing technologies, for government, defense, and industrial applications. This includes multifunctional drones for surveying, inspections, logistics, security, and defense applications. Its product portfolio under development includes the ZenaDrone 1000 for ISR defense and specialized cargo, the IQ Nano for indoor inventory management and security, the IQ Square for outdoor inspections and maintenance, the IQ Quad for land surveying, the IQ Aqua, for underwater applications, and the IQ Octo for precision agriculture. ZenaDrone operates three global manufacturing facilities in Arizona, Dubai, and Taiwan, and is advancing counter-UAS maritime interceptor drones and an integrated defense system.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include "forward-looking statements" within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities, including statements about the development, features, certification, availability, pricing and market adoption of Stacklens. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "aim", "seek", "is/are likely to", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; ZenaTech’s ability to deliver products to the market as currently contemplated, including new product lines such as Stacklens; ZenaTech’s anticipated cash needs and its needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; regulatory risks, including the outcome of safety certification processes; the competitive conditions of the industry; the ability to complete any contemplated acquisitions; market uncertainty; and applicable laws, regulations, and any amendments affecting the business of ZenaTech. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this release, and ZenaTech undertakes no obligation to update them except as required by law.
Exhibit 99.2
ZenaTech Details ZenaWorx Drone-Based Construction Intelligence Platform Targeting AI Data Center Development
Drone-captured LiDAR, 3D progress monitoring and digital terrain modeling are designed to support construction visibility and recurring service relationships from earthworks through structural development
Vancouver, British Columbia (October 20, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today outlined the capabilities and commercial strategy behind ZenaWorx, its drone-based construction monitoring software targeting AI data centers, infrastructure and public works projects. The ZenaWorx construction monitoring software combines aerial data collection with software-based site modeling and analysis to help construction teams understand conditions on the ground, track changes over time and compare construction progress against project plans. The platform is being developed through collaboration between ZenaTech’s enterprise SaaS and Drone as a Service (DaaS) divisions.
“AI infrastructure is built in the physical world, and every phase of that build depends on accurate, repeatable measurement,” said Shaun Passley, Ph.D., CEO of ZenaTech. “With ZenaWorx, we are combining our Drone as a Service field locations network with drone data and software to give customers a consistent view of their projects from earthworks through structural development. That turns what has traditionally been a one-time survey visit into an ongoing relationship that can span the full life of a multi-year project, and we believe it could be a meaningful recurring revenue opportunity as we focus on adding customers and scaling this service across our network.”
ZenaWorx is designed to function as construction progress monitoring software, turning drone-captured LiDAR (Light Detection and Ranging) data into three-dimensional representations of construction sites. By collecting data at successive stages of construction, the platform is intended to help project teams identify differences between measured conditions and planned designs.
Its planned capabilities and applications support the work of surveyors, engineers and construction managers by providing additional measured site information such as:
·3D construction progress monitoring: Creating digital site models that help teams review structural and site development over time
·Digital terrain modeling: Representing ground elevations and surface conditions to support earthworks planning and monitoring
·Cut-and-fill measurement: Measuring the volumes of material removed or added during site preparation
·Grading assessment: Comparing measured elevations and slopes with engineering plans
·Drainage assessment support: Providing terrain information that helps qualified project professionals evaluate drainage conditions
·Repeat site comparisons: Using successive surveys to document changes and support standardized progress reporting
AI data center campuses can involve substantial land preparation, grading, drainage and phased construction, and ZenaWorx is being designed to give project teams visibility into each stage through repeat aerial data collection and software-based reporting. During initial earthworks, terrain models can support assessment of site elevations and material movement. As construction advances, updated 3D models are intended to help teams track physical progress and compare measured conditions against project plans. Underpinning this approach is a continuing record of site development, with customers able to access updated information at agreed intervals throughout a project.
ZenaWorx is being offered through ZenaTech’s Drone as a Service network, allowing customers to access drone construction monitoring services without purchasing and operating their own drone fleets. The service is designed to be subscription-based for repeat-service arrangements spanning the life of construction projects, and the platform’s terrain modeling and progress-monitoring capabilities are also intended to address commercial construction, and public works needs, including landfill earthworks and municipal infrastructure projects.
ZenaWorx was introduced in May 2026, and in August 2026 the Company announced its first paying customer for AI data center construction monitoring and the addition of beta-stage digital terrain modeling. Additional updates will be provided as ZenaWorx service and product advancements and customer milestones are achieved.
About ZenaTech
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms to transform commercial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and an enterprise SaaS division of software brands. The Company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries like land surveys and inspections, driving drone-based scalable, recurring revenue growth. With an operating footprint spanning North America, Europe, the Middle East, Asia, and Australia, ZenaTech is advancing AI drones for applications such as agriculture and logistics, as well as ISR, cargo, and counter-UAS for U.S. defense and NATO allies. The company is investing in next-generation technologies, including drone swarms, quantum computing, and advanced AI autonomy to capture long-term opportunities in key markets through its R&D initiatives.
About ZenaDrone
ZenaDrone, a subsidiary of ZenaTech, develops and manufactures AI-powered multifunction autonomous drone solutions integrating machine learning, predictive analytics, and advanced computing technologies, for government, defense, and industrial applications. This includes multifunctional drones for surveying, inspections, logistics, security, and defense applications. Its product portfolio under development includes the ZenaDrone 1000 for ISR defense and specialized cargo, the IQ Nano for indoor inventory management and security, the IQ Square for outdoor inspections and maintenance, the IQ Quad for land surveying, the IQ Aqua, for underwater applications, and the IQ Octo for precision agriculture. ZenaDrone operates three global manufacturing facilities in Arizona, Dubai, and Taiwan, and is advancing counter-UAS maritime interceptor drones and an integrated defense system.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include "forward-looking statements" within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities, including statements about the development, features, availability, pricing, commercialization and market adoption of ZenaWorx. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "aim", "seek", "is/are likely to", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; ZenaTech’s ability to deliver products to the market as currently contemplated, including software platforms such as ZenaWorx; ZenaTech’s anticipated cash needs and its needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; regulatory risks, including regulations governing drone operations; product development, validation and data quality and accuracy risks; customer adoption and recurring revenue opportunities; the competitive conditions of the industry; the ability to complete any contemplated acquisitions; market uncertainty; and applicable laws, regulations, and any amendments affecting the business of ZenaTech. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this release, and ZenaTech undertakes no obligation to update them except as required by law.
Exhibit 99.3
ZenaTech Unveils its Proprietary AI Software Suite Designed to Accelerate Land Survey Delivery for Drone as a Service Commercial, Municipal and Infrastructure Clients
Planned integration of automated LiDAR point cloud classification and feature extraction across ZenaTech’s Drone as a Service locations is designed to cut survey post-processing time and support scalable, recurring revenue
Vancouver, British Columbia (October 22, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today unveiled its proprietary artificial intelligence software suite and planed integration across its DaaS land survey operations. By pairing ZenaDrone high-density LiDAR (Light Detection and Ranging) data acquisition with the automated feature extraction and point cloud classification, ZenaTech plans to accelerate survey-grade data delivery time from days to as little as minutes across commercial land surveying, municipal and infrastructure projects for DaaS clients across North America and around the world. The combined platform is currently in the development and testing stage.
“Land survey delivery has traditionally been limited by manual post-processing, which caps how many projects a survey team can complete,” said Shaun Passley, Ph.D., CEO of ZenaTech. “By integrating our AI software directly into ZenaDrone DaaS operations, we aim to automate the heavily manual work of point cloud classification and CAD linework generation, so the same crews and drones can deliver turn-key, actionable intelligence to clients faster and with consistent quality. As we apply our AI suite across our AI tools growing network of DaaS subsidiaries, we believe it can improve operating efficiency and support the scalable, recurring revenue model at the center of our DaaS strategy.”
The combined platform is designed to bridge hardware data collection with AI-driven point cloud processing. A ZenaDrone land survey drone equipped with high-density LiDAR captures a site as a point cloud, a dataset that can contain billions of individual 3D measurement points. ZenaAI is then intended to run automated geospatial workflows on that data, classifying each point by what it represents, converting the classified data into terrain models and vector drawings, removing noise, tagging infrastructure assets and exporting the results in formats that survey and engineering teams can use directly. Its key planned capabilities include:
·Automated Point Cloud Classification: Designed to use deep learning neural networks to rapidly parse billions of 3D LiDAR points, separating ground returns from dense canopy, buildings, utility lines and surface vegetation to generate true Digital Terrain Models (DTM);
·Automated Feature Extraction and Linework: Computer vision algorithms are intended to detect and vectorize critical planimetric features, including curb lines, pavement edges, retaining walls and structures, and export them directly into CAD and BIM (Building Information Modeling) formats;
·Rapid DaaS Turnaround: By replacing manual point-picking and heuristic scripting, the AI software suite is being designed to reduce post-processing workflows by as much as 80% and shorten survey turnaround time, allowing DaaS survey teams to deliver fully classified datasets within hours of flight completion;
·Smart Noise Filtering and Asset Tagging: Automated artifact suppression is intended to clean airborne noise, multipath errors and scan overlap, while semantic tagging logs discrete infrastructure assets, such as manholes, hydrants and utility poles, with millimeter-level precision.
Point cloud classification and linework have traditionally required skilled technicians to work through by hand, which can take days and limits how many projects a survey team can complete. ZenaTech believes that automating these steps could raise surveying productivity, allowing the same drones and crews to deliver more projects faster and potentially improving margins over time. As proprietary software, the AI suite is also intended to add a scalable SaaS layer to the Company’s acquisition-led DaaS strategy, applying a consistent processing workflow across the surveying businesses it acquires and supporting its recurring revenue model for commercial, municipal and infrastructure clients that rely on timely data for planning, design and construction.
The AI-powered LiDAR processing is currently in development with testing across DaaS land surveying, infrastructure monitoring and utility inspection projects expected next year. The Company will provide updates on launch and rollout as milestones are achieved.
ZenaTech’s Drone as a Service (DaaS) division provides on-demand turnkey drone piloting, data capture, and data processing services to commercial, government, and infrastructure customers, allowing them to access aerial data and automation without owning or operating their own drone fleets. The division is being built through an acquisition-led strategy that combines local low-tech service providers into a global network, creating a scalable platform for delivering recurring revenue aerial and data services such as surveying, inspections, power washing and construction progress monitoring.
About ZenaTech
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms to transform commercial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and an enterprise SaaS division of software brands. The Company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries including land surveys and inspections, driving drone-based scalable and recurring revenue growth. With an operating footprint spanning North America, Europe, the Middle East, Asia, and Australia, ZenaTech is advancing AI drones for agriculture and logistics, as well as ISR, cargo, and counter-UAS applications for U.S. defense and NATO allies. The company is investing in next-generation technologies, including drone swarms, quantum computing, and advanced AI autonomy to capture long-term opportunities in key markets through its R&D initiatives.
About ZenaDrone
ZenaDrone, a subsidiary of ZenaTech, develops and manufactures AI-powered multifunction autonomous drone solutions integrating machine learning, predictive analytics, and advanced computing technologies, for government, defense, and industrial applications. This includes multifunctional drones for surveying, inspections, logistics, security, and defense applications. Its product portfolio includes the ZenaDrone 1000 for ISR defense and specialized cargo, the IQ Nano for indoor inventory management and security, the IQ Square for outdoor inspections and maintenance, the IQ Quad for land surveying, and the IQ Aqua for underwater applications. ZenaDrone operates three global manufacturing facilities in Arizona, Dubai, and Taiwan, and is advancing counter-UAS maritime interceptor drones and an integrated defense system.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and its needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech and other related risks and uncertainties disclosed under the heading “Risk Factors” in the Company’s Form F-1, Form 20-F and other filings filed with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
# # #
Exhibit 99.4
ZenaTech Targets Adjusted EBITDA Breakeven in 2027 Following 425% First-Half Revenue Growth
Preliminary Q3 2026 revenue estimate of C$13.4–C$14.8 million (US$9.5–US$10.5 million), representing 44%–59% sequential growth, as management balances breakeven target with strategic growth opportunities
Vancouver, British Columbia, (October 26, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that management is targeting 2027 as a potential breakeven year based on an adjusted EBITDA (a non-IFRS measure defined below). This operational target is supported by revenue growth, expansion of its DaaS operations, and anticipated operating efficiencies. In the first half of 2026, the Company reported revenue of C$17.7 million (approximately US$12.6 million). For the third quarter of 2026, the Company announced preliminary revenue estimates of C$13.4 million to C$14.8 million (approximately US$9.5 million to US$10.5 million), while retaining flexibility to pursue strategic growth opportunities.
“We believe ZenaTech is entering an important phase in its development,” said Shaun Passley, Ph.D., CEO of ZenaTech. “During the first half of 2026, we generated more revenue than during all of 2025, and our preliminary third-quarter estimates indicate that our growth trajectory will continue. We believe this expanding revenue base, together with operational efficiencies and acquisition integration, creates an opportunity for operational breakeven during 2027.”
The Company intends to maintain flexibility to invest in acquisitions, defense technologies, international operations, and emerging commercial opportunities that could defer breakeven while potentially generating greater long-term shareholder value.
Second-Quarter and First-Half 2026 Financial Results
Metric | Q2 2026 | First Half 2026 |
Total Revenue | C$9.33 million (US$6.6 million) | C$17.73 million (US$12.6 million) |
Year-over-year revenue growth | 316% | 425% |
DaaS revenue | C$8.63 million (US$6.1 million) | C$16.44 million (US$11.7 million) |
Net loss | C$22.54 million (US$16.0 million) | C$49.09 million (US$34.8 million) |
Operating expenses | C$31.24 million (US$22.1 million) | C$61.21 million (US$43.4 million) |
US$ approximate conversions at US$0.709 per C$1.00, except where previously announced by the Company.
First-half revenue exceeded the Company’s reported C$12.9 million (US$9.1 million) of revenue for all of 2025 by approximately 37%. DaaS operations accounted for 93% of first-half 2026 revenue. At June 30, 2026, the Company reported C$34.6 million (US$24.5 million) in cash and marketable securities, C$149.3 million (US$105.9 million) in total assets, and C$91.4 million (US$64.8 million) in shareholders’ equity.
Management recognizes that sustained revenue growth must translate into improved operating efficiency and financial performance. Reported net losses underscore the importance of controlling costs and assessing the returns on future investments.
“Our focus is increasingly on translating revenue growth into improved operating performance while building a technology platform capable of supporting a significantly larger business,” continued Dr. Passley.
Preliminary Third -Quarter 2026 Revenue Estimates
ZenaTech previously announced preliminary, unaudited third -quarter 2026 revenue estimates of C$13.4 million to C$14.8 million. Compared with second -quarter revenue, this implies approximately 44% to 59% sequential revenue growth. Combined with reported first -half results, estimated revenue for the first nine months of 2026 would be approximately C$31.1 million to C$32.5 million (US$22.1 million to US$23.0 million).
These estimates are preliminary, unaudited, and subject to quarter-end close and reporting procedures. The Company also previously reported average organic revenue growth of 27.1% across approximately 20 DaaS locations acquired in 2025, excluding 2026 acquisitions.
Maintaining Flexibility to Capture Growth Opportunities
While management has established 2027 as a target year for breakeven, ZenaTech does not intend to limit strategically attractive investments solely to achieve profitability within a predetermined period. Potential opportunities include:
·Acquisitions of complementary Drone as a Service and technology businesses
·Government and defense drone programs, including testing, certification, and production capabilities
·Expansion into additional international markets
·Commercialization of autonomous drone technologies and AI-driven enterprise SaaS platforms
·Development of new drone-enabled services, analytics, and automation applications
“Achieving breakeven is an important objective, but we are not building ZenaTech for a single financial reporting period,” continued Dr. Passley. “If opportunities emerge to significantly accelerate our growth through acquisitions, government and defense programs, or new technology investments, we may choose to deploy additional capital even if doing so delays our breakeven timeline.
“We believe the appropriate measure of our success will be our ability to create a larger, stronger, and more sustainable business over time. Our capital allocation decisions will be guided by expected long-term returns, financial discipline, and shareholder value creation,” concluded Dr. Passley.
2027 Financial Target Considerations
Management expects to focus on increasing revenue from existing operations, improving operating efficiencies, integrating acquisitions, and expanding technology-enabled services. Management’s ability to achieve Adjusted EBITDA breakeven in 2027 remains subject to assumptions and operational variables, including top-line execution, the pace and cost of M&A integration, supply chain conditions, operating expenditure controls, and market acceptance of new commercial technologies. This target represents an internal management planning goal and does not constitute a projection, forecast, or guarantee of future financial performance.
Non-IFRS / Non-GAAP Financial Measures
This press release refers to Adjusted EBITDA, a financial measure not recognized under International Financial Reporting Standards (IFRS) or U.S. GAAP. The Company defines EBITDA as net income or loss before interest expense, income taxes, depreciation, and amortization. Adjusted EBITDA further excludes non-cash stock-based compensation, acquisition-related transaction and integration expenses, fair-value adjustments on financial instruments, restructuring costs, and other non-recurring or unusual items as disclosed in the Company's periodic financial filings.
Management uses Adjusted EBITDA to assess core operating performance, evaluate underlying business trends, and establish internal budgetary targets. It is believed this measure provides investors with supplemental insight into operational results by removing items that are non-operational, non-cash, or non-recurring.
Adjusted EBITDA should not be considered in isolation or as a substitute for, or superior to, IFRS net loss, operating profit, or cash flows from operating activities. Other companies may calculate Adjusted EBITDA differently, limiting its comparability.
Reconciliation Limitation: The Company has not provided a forward-looking quantitative reconciliation of targeted 2027 Adjusted EBITDA to the most directly comparable IFRS measure (Net Income/Loss) because items that reconcile these metrics—including future share-based compensation, tax provisions, transaction-related fair value adjustments, and potential impairment charges—are dependent on future events, volatile, and inherently difficult to predict with reasonable accuracy without unreasonable effort. Consequently, such reconciling information is unavailable at this time, though these items could have a significant and potentially unpredictable impact on future IFRS results.
About ZenaTech
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms and services to transform commercial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and an enterprise SaaS division. The Company is executing an acquisition-led DaaS strategy to digitize and automate legacy service industries like land surveys and inspections, driving drone-based scalable, recurring revenue growth. With an operating footprint spanning North America, Europe, the Middle East, Asia, and Australia, ZenaTech is advancing AI drones for applications such as agriculture and logistics, as well as ISR, cargo, and counter-UAS for U.S. defense and NATO allies. The company is investing in next-generation technologies, including drone swarms, quantum computing, and advanced AI autonomy to capture long-term opportunities in key markets through its R&D initiatives.
About ZenaDrone
ZenaDrone, a subsidiary of ZenaTech, designs and manufactures vertically integrated AI-powered autonomous drone solutions which include machine learning, predictive analytics, and advanced computing technologies, for government, defense, and industrial applications. This includes multifunctional drones for surveying, inspections, logistics, security, and defense applications. Its product portfolio at various stages of development includes the ZenaDrone 1000 for ISR defense and specialized cargo, the IQ Nano for indoor inventory management and security, the IQ Square for outdoor inspections and maintenance, the IQ Quad for land surveying, the IQ Aqua, for underwater applications, and the IQ Octo for precision agriculture. ZenaDrone operates three global manufacturing and assembly facilities in Arizona, Dubai, and Taiwan, and is advancing counter-UAS maritime interceptor drones and an integrated defense system.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include "forward-looking statements" within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities, including statements about the development, features, availability, pricing, commercialization, and market adoption of ZenaAI. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "aim", "seek", "is/are likely to", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking statements in this press release also include statements regarding management’s 2027 adjusted EBITDA breakeven objective, expected operating efficiencies, and the Company’s preliminary, unaudited third-quarter 2026 revenue estimates, which are subject to quarter-end close and reporting procedures and may differ materially from actual results; the Company’s ability to effectively integrate acquired businesses and achieve anticipated operational efficiencies and cost synergies; the risk that historical net losses will continue and that revenue growth may decelerate or fail to offset operating expenses; final completion of quarter-end accounting procedures, which could cause actual third-quarter 2026 financial results to differ from preliminary estimates; the Company’s ongoing capital requirements and potential dilution or debt obligations necessary to fund strategic investments; operational, regulatory, certification, and technological risks associated with autonomous drone manufacturing and deployment, particularly within government and defense markets; rapid technological change, cybersecurity risks, and intense competition within the AI, drone, and SaaS sectors; and broader economic, interest rate, and capital market conditions. There can be no assurance that breakeven will be achieved in 2027 or any later period. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; ZenaTech’s ability to deliver products to the market as currently contemplated, including software platforms; ZenaTech’s anticipated cash needs and its needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; risks related to the development, testing, accuracy and performance of artificial intelligence and machine learning models; regulatory risks, including regulations governing drone operations; product development, validation and data quality and accuracy risks; customer adoption and recurring revenue opportunities; the competitive conditions of the industry; the ability to complete any contemplated acquisitions; market uncertainty; and applicable laws, regulations, and any amendments affecting the business of ZenaTech. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this release, and ZenaTech undertakes no obligation to update them except as required by law.