ZenaTech (Nasdaq: ZENA) surges 2025 revenue 558% on DaaS growth
Rhea-AI Filing Summary
ZenaTech, Inc. reported a breakout 2025 driven by its Drone as a Service (DaaS) roll-up strategy and expanding defense-focused drone platform. Full-year revenue reached $12.9 million, up 558% from 2024, with DaaS contributing $10.1 million and enterprise SaaS revenue rising to $2.8 million, a 43% increase.
Total assets grew 188% to $99.8 million, cash and reserves increased to $15.1 million, and working capital rose to $18.3 million. The company completed 20 acquisitions during 2025 and now operates 24 global DaaS locations. Despite these gains, ZenaTech posted a $45.2 million net loss, including $18.1 million of non-cash loan derivative charges, with loss excluding non-cash items at $19.2 million.
Operationally, ZenaTech advanced counter-UAS interceptor drones, launched new IQ-series products, pursued Green/Blue UAS certification, and deepened defense engagement. It initiated manufacturing and testing operations in Ukraine through Phoenix Aero LLC, opened offices in Seoul and London, and expanded its SaaS division via the NOW Solutions and Othership acquisitions.
Positive
- Exceptional revenue and asset growth: 2025 revenue rose 558% to $12.9 million, DaaS contributed $10.1 million in its first full year, enterprise SaaS grew 43% to $2.8 million, and total assets climbed 188% to $99.8 million.
- Scaled operating platform and defense positioning: Completed 20 acquisitions, expanded to 24 global DaaS locations, advanced counter-UAS products and Green/Blue UAS certifications, and established Ukraine operations plus new Seoul and London offices to support commercial and defense demand.
Negative
- Large losses and dependence on financing: Net loss reached $45.2 million in 2025, including $18.1 million of non-cash loan derivative charges from convertible debt used to fund acquisitions, and loss excluding non-cash items was still $19.2 million.
Insights
Explosive top-line growth from acquisitions, but still deep in investment mode.
ZenaTech delivered $12.9 million in 2025 revenue, up 558%, largely from 20 acquisitions and a new DaaS segment that generated $10.1 million. Enterprise SaaS revenue also grew 43% to $2.8 million, showing traction beyond drones.
The balance sheet expanded with assets rising to $99.8 million, cash and reserves to $15.1 million, and working capital to $18.3 million. However, the company reported a net loss of $45.2 million, including $18.1 million in non-cash derivative charges tied to convertible debt used for acquisitions.
Strategically, ZenaTech is building a vertically integrated drone and software platform, adding 24 DaaS locations, Ukraine-based manufacturing and testing via Phoenix Aero LLC, and international offices in Seoul and London. The filing portrays a high-growth, acquisition-led model with meaningful execution and integration risk but materially improved revenue scale.
Key Figures
Key Terms
Drone as a Service (DaaS) financial
counter-UAS technical
Green UAS certification regulatory
Blue UAS certification regulatory
loan derivative charges financial
Quantum Computing technical
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 May 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
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SUBMITTED HEREWITH
Exhibits |
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99.1 | ZenaTech Initiates New Operations in Ukraine to Accelerate Production of Counter-UAS Interceptor Systems
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99.2 | ZenaTech Initiates Plans for a Ukraine Testing Facility for Drone Testing and Operational Validation of its Interceptor Defense Systems
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99.3 | ZenaTech Announces its 21st Acquisition, Expanding National Drone as a Service Network and Pacific Northwest Footprint to Serve Business and Government
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99.4 | ZenaTech Completes Acquisition of NOW Solutions Inc., Expanding its Enterprise SaaS Division with Government and Public Sector Customers and Strengthening Recurring Revenue Growth
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99.5 | ZenaTech’s ZenaDrone to Showcase AI Defense Drones and Engage with Military Decision Makers at Upcoming Tradeshows and Events
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99.6 | ZenaTech Continues International Expansion Opening New Offices in South Korea and the United Kingdom
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99.7 | ZenaTech Registers Phoenix Aero LLC in Ukraine and Establishes Lviv as Base for its Counter-UAS and Interceptor Drone Systems Manufacturing and Testing
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99.8 | Workplace Intelligence Software Provider Othership Announces Opening of London Office to Support Global Expansion
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99.9 | ZenaTech's ZenaDrone Subsidiary and Defense Solutions in the Spotlight at Company’s Largest Ever Presence at AUVSI Exponential 2026 Conference and Tradeshow in Detroit
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99.10 | ZenaTech Reports Record 558% Year-Over-Year Revenue Growth to $12.9 Million for Full Year 2025 as Drone as a Service Business Expansion Accelerates and Q4 Revenue increases 670%
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- 3 -
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: May 1st, 2026
ZENATECH, INC.
By:/s/ Shaun Passley, Ph.D
Name: Shaun Passley, Ph.D
Title: Chief Executive Officer
Exhibit 99.1
ZenaTech Initiates New Operations in Ukraine to Accelerate Production of Counter-UAS Interceptor Systems
Ukraine operations will be structured for full regulatory compliance to support U.S. defense and Gulf nation adoption
Vancouver, British Columbia, (April 2, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces it has initiated the establishment of active drone manufacturing operations in Ukraine. This initiative marks a significant stepping stone for the expansion of ZenaTech's global production capabilities and positions the company to accelerate delivery of its counter-UAS interceptor systems to defense customers worldwide including Gulf nations and allied partners. ZenaTech views Ukraine as a strategic long-term manufacturing location, combining battlefield-tested expertise with competitive production economics.
"Ukraine represents both a strategic manufacturing base and a real-world proving ground for drone technology,” said Shaun Passley, Ph.D., ZenaTech CEO. “Our autonomous interceptor drone systems are purpose-built for the modern battlefield, and establishing manufacturing operations in Ukraine demonstrates our dedication to delivering combat-ready solutions with the scale, speed, and compliance that defense customers require. This operation is intended to directly advance our mission to become a leading provider of counter-UAS capabilities for the U.S. Department of War and our Gulf nation partners."
ZenaTech's planned Ukraine manufacturing facility is intended to serve as a primary production hub for the company's Interceptor P-1 one-way expendable interceptor drone, targeted to sell for under $5,000 USD. The company plans to utilize this Ukraine facility to manufacture its counter-UAS platforms, which are being engineered to defeat hostile drones at a fraction of the cost of conventional missile-based interception. The facility is designed to leverage Ukraine's deep aerospace engineering talent base and its position at the forefront of real-world drone warfare and counter-drone innovation.
ZenaTech is currently working with legal and compliance experts to set up and structure its Ukraine operations and is actively recruiting local operations personnel which will include qualified engineers and manufacturing technicians. The company is committed to compliance with all applicable regulations including export and trade controls. Further updates on facility set up and operational milestones achieved will be provided over the upcoming months.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, surveying, monitoring, safety, security, and compliance, and maintenance processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, inspection, tracking, process automation, and defense applications.
Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square, IQ Nano, IQ Quad, Interceptor P-1, ZenaDrone 2000, and IQ Glider; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.2
ZenaTech Initiates Plans for a Ukraine Testing Facility for Drone Testing and Operational Validation of its Interceptor Defense Systems
Company adds to its Ukraine manufacturing plans with a testing facility to leverage world’s most operationally demanding drone warfare environment to validate its platforms under real-world conditions
Vancouver, British Columbia, (April 7, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces plans to establish a dedicated testing facility in Ukraine and conduct drone testing and operational deployment activities to validate its drone platforms in active threat environments. This planned Ukrainian drone testing and deployment will place ZenaTech’s R&D and product validation directly within the world’s most active and operationally demanding drone warfare theater, enabling real-world testing of its Interceptor P-1 and other drone defense systems. This future testing facility will be in addition to the company’s previously disclosed plans for initiation of a manufacturing facility in Ukraine, positioning the company for the accelerated development of cost-effective counter-UAS systems for US-allied defense customers worldwide.
“Ukraine represents an unparalleled testing and validation environment for defense drone systems,” said Shaun Passley, Ph.D., ZenaTech CEO. “There is no testing environment on earth that replicates the operational intensity, threat complexity, and pace of innovation occurring in Ukraine today. By conducting our drone testing and product validation in this environment, we gain a level of real-world operational credibility that cannot be replicated in a laboratory or controlled airspace. Every data point we expect to collect, every engagement scenario we plan to validate, and every product iteration we execute in Ukraine will directly strengthen our product offering for defense customers from Gulf states to NATO allies to the U.S. Department of War.”
The company announced that it has initiated Ukraine operations and the establishment of a drone manufacturing facility that is intended to serve as a primary production hub for the company's Interceptor P-1 one-way expendable interceptor drone, targeted to sell for under $5,000 USD. It plans to utilize this Ukraine facility to manufacture its counter-UAS platforms, which are being engineered to defeat hostile drones at a fraction of the cost of conventional missile-based interception. These operations are designed to leverage Ukraine's deep aerospace engineering talent base and its position at the forefront of real-world drone warfare and counter-drone innovation.
Western Ukraine has emerged as the center of the country’s defense technology ecosystem, benefiting from relative security, proximity to NATO logistics corridors, and a rapidly growing defense-tech cluster. Ukraine’s Ministry of Defense has streamlined drone testing regulations under martial law, simplifying authorization pathways for defense-affiliated operators.
ZenaTech is currently working with legal and compliance experts to set up and structure its Ukraine operations as well as hiring staff. The company is also coordinating planned testing authorization through the Ukrainian Armed Forces and the State Aviation Authority of Ukraine (SAAU), leveraging the accelerated regulatory framework available to defense drone programs.
ZenaTech’s planned Ukraine-based operational testing program is designed to generate validated performance data, field-proven operational credibility, and battle-tested product refinement that will directly support the Company’s commercial engagement with defense procurement authorities globally. The Company plans to actively pursue defense customer engagement in the United Arab Emirates, the Kingdom of Saudi Arabia, and the State of Qatar, where counter-drone capability has become a strategic national security priority.
The company is committed to compliance with all applicable regulations including export and trade controls. Further updates on testing facility set up and operational milestones achieved will be provided over the upcoming months.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, surveying, monitoring, safety, security, and compliance, and maintenance processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, inspection, tracking, process automation, and defense applications.
Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square, IQ Nano, IQ Quad, Interceptor P-1, ZenaDrone 2000, and IQ Glider; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.3
ZenaTech Announces its 21st Acquisition, Expanding National Drone as a Service Network and Pacific Northwest Footprint to Serve Business and Government
Vancouver, British Columbia, (April 9, 2026) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces that it has completed its 21st acquisition, adding to its national expansion of Drone as a Service U.S. locations. The acquisition of Andy Paris & Associates, a Lake Oswego, Oregon-based, long-established land surveying firm, strengthens ZenaTech’s customer base and presence in the Portland area, accelerating drone-enabled inspections, surveys, and other services in the Pacific Northwest region for business and government customers.
“Strengthening the Pacific Northwest operations puts us right at the intersection of forestry and environmental monitoring, critical energy infrastructure, and ports and logistics surveillance, which is exactly where Drone as a Service delivers the most value for mission-critical operations,” said Shaun Passley, Ph.D., ZenaTech CEO. “DaaS goes beyond flying drones by providing an AI-driven autonomy platform that turns aerial operations into continuous, actionable intelligence while automating manual, labor-intensive tasks. We’re delivering efficiency in the field, and high-value data and insights that help business and government make faster, smarter decisions at scale.”
Andy Paris & Associates, founded in 1952, provides boundary, topographic, and construction staking surveys supporting commercial and infrastructure development for customers across Oregon and Washington states. Its longstanding relationships and presence complement ZenaTech’s existing Portland area DaaS location, creating a unified base for scalable DaaS expansion in the region.
The company’s Drone as a Service strategy entails building a scalable AI drone automation platform delivered through a network of locations, integrating its ZenaDrone drones to streamline legacy workflows, while providing centralized accelerated drone data analytics, and expanding service capabilities across multiple services improving speed, precision, safety and smart data access.
ZenaTech’s Drone as a Service platform is designed to provide business and government clients with subscription and usage-based access to fast and superior drone-based services for a host of surveying, inspection, maintenance, power washing, inventory management, and precision agriculture services, without the capital costs or operational burdens of ownership. By acquiring established, profitable service companies currently using low-tech processes and ripe for drone innovation, ZenaTech is building a global, multi-service DaaS network of locations in communities anchored by longstanding, existing customers and revenue, for next-gen drone integration designed for speed, precision, data, and safety benefits. The company has a total of 24 international DaaS locations and is continuing to expand its network and portfolio of services.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 Completes Acquisition of NOW Solutions Inc., Expanding its Enterprise SaaS Division with Government and Public Sector Customers and Strengthening Recurring Revenue Growth
Vancouver, British Columbia, (April 14, 2026) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces the acquisition of all material assets of NOW Solutions Inc., a Richardson, Texas-based, HR and payroll software company with a long-standing list of customers including schools, hospitals, municipal organizations, and government entities across the U.S. and Canada. The material assets of the Human Resource Management System (HRMS) company, which serves small to mid-market-sized customers with workforces of 1000 to 20,000 employees, was acquired through a bankruptcy sale process under U.S. bankruptcy law. This acquisition adds a recurring revenue business with decades-long customer relationships, further strengthening ZenaTech’s Enterprise SaaS division and portfolio of software companies and brands.
“Through this acquisition we are strengthening and expanding our Enterprise SaaS division with a company that brings deep market presence and long-standing customer relationships,” said Shaun Passley, Ph.D., ZenaTech CEO. “We are committed to optimizing long-term customer value while growing the customer base. Importantly, this transaction adds a significant base of government and public sector clients, many of which are legacy, multi-decade relationships, further enhancing the durability of our revenue streams and underpinning consistent, high-quality growth for our investors.”
NOW Solutions delivers HR and payroll solutions that help organizations streamline operations and enhance workforce management. With a web-based platform called emPath, the company provides capabilities that unify human resources and payroll functions into a single, accessible system. The emPath platform enables organizations to efficiently manage employee compensation, skills tracking, absence management, performance reviews, and workforce analytics—while delivering employee self-service capabilities that empower employees and reduce administrative burden.
The global HRIS software market exceeds $12 billion annually growing at 8.5% per year according to market analyst Verified Market Reports, with strong continued growth driven by increasing regulatory complexity and workforce management demands. While the target market for many HRIS providers is to service clients with tens of thousands to hundreds of thousands of employees, ZenaTech management believes a significant addressable market exists for the 1,000 to 20,000 employee segments where specialized providers like NOW Solutions deliver trusted, compliant solutions and service continuity.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.5
ZenaTech’s ZenaDrone to Showcase AI Defense Drones and Engage with Military Decision Makers at Upcoming Tradeshows and Events
Vancouver, British Columbia, (April 16, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that its business development and leadership teams of its drone subsidiary ZenaDrone will participate in a series of upcoming defense and security tradeshow exhibits and conference events. ZenaDrone’s teams will expand relationships leading to future possible pilot programs and procurement contracts with U.S. government and defense agencies, and showcase the company’s AI drone solutions designed to address evolving global security and defense operation challenges. This includes ISR (Intelligence, Survielliance and Reconnannance) systems, medium-sized heavy lift cargo drone, indoor inventory drone, and advancements in its counter-UAS defence systems, interceptor, and underwater drones.
Tradeshow and Event Details:
Sea-Air-Space 2026 – This premier maritime defense exposition hosted by the Navy League of the United States, brings together more than 16,000 attendees annually, including senior leadership of the Navy, Department of War (DoW) officials, policymakers, and procurement stakeholders, along with over 400 exhibiting organizations from across the global defense ecosystem. ZenaDrone teams will , strenghen relations and conduct meetings with U.S. defense stakeholders, as well as gain insights into evolving defense priorities and procurement strategies.
Date: April 19–22, 2026 | Venue: National Harbor, Maryland
Industry 4.0 Deep Tech Showcase 2026 – ZenaDrone has been selected to present the company’s drone solutions at this upcoming showcase event which includes an active ecosystem of defense industry professionals that support the growth and development of deep-tech & dual-use technologies. Supported by grant consulting firm Eagle Point Funding, these showcases bring innovative technology to the U.S. government through presentations to a selected panel of government agency stakeholders including the Air Force, defense industry thought leaders, and defense technology investors.
Date: April 29, 2026 | Format: Virtual
Xponential 2026 - The premier annual global event hosted by the Association for Uncrewed Vehicle Systems International (AUVSI), brings together more than 7,500 attendees from over 60 countries, including government representatives, industry leaders, and defense industry stakeholders. This year it is co-located with the Michigan Defense Expo (MDEX) adding over 3,000 defense agency and government officials, including DoW procurement decision-makers. ZenaDrone will exhibit its solutions and present at the conference.
Date: May 11–14, 2026 | Venue: Detroit, Michigan
Future Force Capabilities Conference & Exhibition 2026 — A U.S. defense conference hosted by the National Defense Industrial Association (NDIA), that brings together 700 defense leaders, government stakeholders, and industry innovators focused on next-generation military capabilities, including AI-enabled systems and autonomous platforms. The event includes dedicated robotics and autonomy discussions centered on unmanned systems integration for defense applications. ZenaTech’s ZenaDrone team will exhibit its drone solutions and will engage with military leaders, defense agency officials, and industry partners.
Date: June 8–10, 2026 | Venue: Las Vegas, Nevada
To attend a presentation, schedule a meeting, or request additional information, please contact ZenaTech at investors@zenatech.com.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.6
ZenaTech Continues International Expansion Opening New Offices in South Korea and the United Kingdom
Vancouver, British Columbia, (April 21, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces it has opened two new offices: one in Seoul, South Korea, and one in London, UK. These new offices expand the company’s international presence and create access to customers in the APAC and EMEA regions and are intended to support the company’s ZenaDrone solutions, Drone as a Service offerings, and Enterprise SaaS business areas and future revenue growth. The new offices expand the company’s global footprint, enabling the delivery of AI autonomous drone solutions and services at scale across commercial, government, and defense markets amid today’s accelerating global demand.
“Expanding our footprint in international markets with strong momentum is a core pillar of our long-term growth strategy,” said ZenaTech CEO Shaun Passley, Ph.D. “As we expand our presence across multiple targeted countries, we gain access to those markets that are actively creating regulatory and commercial advantages for drone companies, strengthening our ability to execute locally while expanding global revenue opportunities. These new offices position us for accelerated entry into commercial, government, and defense markets and scale our autonomous AI drone solutions across important international regions.”
ZenaTech’s Seoul office will serve as a second strategic hub in the APAC region, housing operations, business development, marketing and corporate development teams supporting ZenaDrone and Drone as a Service business. This builds on the company’s existing Spider Vision Sensors manufacturing facility and business development teams in Taiwan. South Korea represents a high-value market for autonomous drone solutions, driven by advanced digital infrastructure, strong government investment in smart cities and robotics, and increasing adoption of unmanned systems across logistics, manufacturing, public safety, and mission-critical applications. Teams will help support regional execution, strengthen partnerships, and drive DaaS expansion across APAC.
The London office houses ZenaTech’s workplace software SaaS company, Othership, and its EMEA operations teams supporting ZenaDrone, DaaS and Enterprise SaaS business offerings, as well as its EMEA headquarters teams in Dublin, Ireland. Functional teams working out of this office include product management, sales, marketing, and creative services. London provides direct access to many global enterprises and headquarters, government stakeholders, and public sector organizations, positioning ZenaTech’s brands to accelerate adoption and growth across commercial and government-driven applications.
With these additions, ZenaTech is accelerating the buildout of a globally distributed operating platform designed to support scalable and high-margin growth of its ZenaDrone and Drone as a Service (DaaS) AI autonomous offerings across priority international markets. The establishment of on-the-ground teams in Seoul and London positions the company to deepen local market penetration, strengthen customer engagement, and drive execution closer to end users. These investments enhance ZenaTech’s ability to capture global demand, expand recurring revenue streams, and create long-term shareholder value through disciplined international expansion.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government, and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.7
ZenaTech Registers Phoenix Aero LLC in Ukraine and Establishes Lviv as Base for its Counter-UAS and Interceptor Drone Systems Manufacturing and Testing
Vancouver, British Columbia, (April 23, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, provides an update on its Ukraine operations and announces it has formally registered Phoenix Aero LLC as a Ukrainian limited liability company. Phoenix Aero will be based in the Western Ukraine area in the city of Lviv, where it will engage in drone manufacturing and testing of counter-UAS solutions including the Interceptor P-1 one way interceptor drone.
“Establishing Phoenix Aero in Lviv is a strategic step that positions us in Western Ukraine at the center of one of the most dynamic real-world environments known for its ecosystem of drone companies and drone innovation,” said Shaun Passley, Ph.D., ZenaTech CEO. “We are establishing the foundation for a regionally anchored, cost-efficient production and testing capability designed to support the scale-up of our counter-UAS and Interceptor P-1 systems. This will help strengthen our production agility, accelerate product validation and deployment timelines, and help us to respond more effectively to growing demand from US, allied and Gulf country defense customers.”
Phoenix Aero will function as part of ZenaTech’s EMEA operations, overseen from the Company’s regional headquarters in Dublin, Ireland, and supported by its directors and Ukrainian team. The company is currently in the process of hiring engineers, drone pilots manufacturing technicians, software developers, and business development specialists. Management believes that Western Ukraine offers a relatively stable operating environment, a deep technical talent pool, and efficient access to European logistics corridors and Gulf country customers.
Phoenix Aero is intended to support the production of ZenaTech’s counter-UAS defense systems, including its Interceptor P-1 platform, a one-way expendable interceptor drone targeted to sell for less than $5000 USD. The entity forms part of the Company’s vertically integrated strategy spanning hardware design and development, software and AI engineering, and manufacturing of advanced drone systems. The Ukraine entity is aligned with the Company’s broader plans to pursue defense opportunities globally, including in the United Arab Emirates, the Kingdom of Saudi Arabia, and the State of Qatar, where demand for cost-effective counter-drone capabilities continues to accelerate.
ZenaTech is committed to compliance with all applicable regulations including export and trade controls. Further updates on Ukraine operations and operational milestones will be provided over the upcoming months as they are achieved.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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.
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Exhibit 99.8
Workplace Intelligence Software Provider Othership Announces Opening of London Office to Support Global Expansion
Vancouver, British Columbia (April 22, 2026) — Leading workplace intelligence platform Othership has announced the opening of an office in London in April 2026 to better serve customers and expand its offerings. Founded in 2018 in the United Kingdom, the company has built a strong European presence over the years, partnering with over 600 bookable workplaces across the region. Providing innovative solutions for organizations with distributed workforces, Othership bridges the gap between workspace optimization and employee engagement through data-driven insights. The new office will enhance operational efficiency across the UK and Europe while supporting Othership’s continued global expansion. It will strengthen support for both teams and customers, and establish a central London hub to further develop relationships with customers and partner venues.
“Othership enables organizations to seamlessly access high-quality workspaces across key cities like London, giving hybrid, remote, and travelling teams the flexibility to work where they perform best,” said Othership founder Arnaud Mardegan. “Beyond on-demand workspace access, we deliver workplace intelligence that gives organizations real visibility into how their teams operate — across external locations and within the office — transforming fragmented data into clear insights that inform better decisions around space, collaboration, and performance.”
With now over 30,000 bookable workspaces listed on its platform worldwide, Othership has been progressively growing its portfolio of partner venues, with new locations in Germany, the Netherlands, Belgium, Portugal, the United States, and the UAE. The company’s London office will help manage the integration of new venues and build new partnerships globally.
For organizations with a hybrid or remote workforce, Othership serves as a unified decision infrastructure. By giving both executives and employees visibility into who is working — where, when, and how — the platform supports smarter planning, reduces wasted space, improves sustainability and productivity, and reshapes offices for connection and collaboration.
About Othership
Othership, a subsidiary of ZenaTech Inc., is a cloud-based workplace intelligence platform that uses data-driven insights to help organizations optimize workspaces, reduce real estate spend, improve capital efficiency, and increase employee engagement. The platform provides executives and HR leaders with access to 30,000+ workspaces worldwide, as well as clear visibility into their existing space utilization, workforce deployment, and operational performance to inform strategic decision-making. Othership supports smarter planning, improved sustainability, and enhanced workplace culture, aligning corporate goals and employee needs.
Safe Harbor
This press release and related comments 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 Othership and reflects management’s expectations and projections regarding Othership’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 Othership’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; Othership's ability to deliver products to the market as currently contemplated, including Workspace Finder and Workplace Manager; Othership's ability to develop products for markets as currently contemplated; Othership’s anticipated cash needs and its needs for additional financing; Othership’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 its parent, ZenaTech, operates; 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 Othership; Othership’s expected business objectives for the next twelve months; Othership’s ability to obtain additional funds as required including from its parent, ZenaTech, or affiliated companies; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, rules and regulations; and other related risks and uncertainties disclosed under the heading “Risk Factors“ in ZenaTech's filings filed with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. Othership 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.
Contact for more information:
Celeste Maridat
PR & Communications Specialist
ZenaTech, Inc.
media@zenatech.com
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Exhibit 99.9
ZenaTech's ZenaDrone Subsidiary and Defense Solutions in the Spotlight at Company’s Largest Ever Presence at AUVSI Exponential 2026 Conference and Tradeshow in Detroit
Company to engage with defense decision makers, showcase drone products and podcasting opportunities, and present keynote address on its DaaS model facilitating scalable AI autonomy platforms for defense
Vancouver, British Columbia, (April 28, 2026) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces that its drone subsidiary ZenaDrone will mount its most comprehensive defense-focused presence to date at Xponential 2026, the flagship conference and exhibition of the Association for Uncrewed Vehicle Systems International (AUVSI), taking place May 11–14, 2026 in Detroit, Michigan.
“Xponential is where the defense autonomous systems community convenes, and this year we are bringing an in-depth view of what ZenaDrone and our Drone as a Service business has built,” said Shaun Passley, Ph.D., ZenaTech CEO. “We are not just showing hardware, but opening a real conversation with defense leaders about practical AI autonomy, what it takes to deploy at scale, and how a platform model like ours changes what is possible for military and government buyers. Through our exhibit booth podcast studio, our drones on display, our teams on hand, and our keynote presentation on DaaS delivery innovation models for defense, these are all designed to facilitate exactly that kind of engagement.”
Exhibiting at Booth #36019, the highlight will be on ZenaDrone’s integrated drone hardware and software solutions, and the company’s DaaS service-based delivery, while engaging directly with defense, government, and enterprise stakeholders. For the first time at a major industry event, the company will operate a live podcast studio directly inside its exhibit booth. The “Drone of the Future” podcast, will invite industry leaders and operators across the drone and defense ecosystem to recording sessions to explain their products and share industry insights. A keynote ZenaDrone company presentation will take place on Thursday, May 14th at 11am ET, which will examine the generic “Drone as a Service” delivery model not simply as a commercial services framework, but as a practical AI autonomy delivery platform for defense that packages hardware, AI software, and operational infrastructure into an easily deployable, cost-effective solution.
Attendees will be able to interact directly with the drone hardware and with ZenaTech’s technical and business development teams to understand real-world performance specifications, integration pathways, and deployment models relevant to defense agency needs such as base security, perimeter monitoring, ISR applications, specialized cargo deliveries, autonomous logistics, and counter-UAS.
ZenaTech will showcase its dual-use suite of drone solutions spanning defense and commercial markets. This includes the ZenaDrone 1000, designed for defense and security applications such as intelligence, surveillance, and reconnaissance (ISR), border and perimeter security, critical infrastructure monitoring, search and rescue operations, and counter-UAS environments. The Company will also feature the IQ Nano indoor drone for inventory and warehouse management, along with the IQ Square for outdoor line-of-sight inspections, and IQ Quad, a purpose-built land surveying drone. These capabilities can be delivered through ZenaTech’s Drone as a Service offering, enabling scalable, on-demand deployment without the need for upfront hardware investment, operations or maintenance.
Event Details:
Xponential 2026 by AUVSI
Date: May 11–14, 2026
Venue: Huntington Place, Detroit, Michigan
ZenaDrone Booth: #36019
To schedule a meeting with ZenaTech at Xponential or to inquire about participating in the “Drone of the Future” podcast, please contact investors@zenatech.com.
Xponential is the world’s largest conference dedicated to autonomous and uncrewed systems, drawing more than 8,500 attendees from defense agencies, government departments, law enforcement, and commercial operators. ZenaTech’s participation this year goes beyond a traditional exhibit presence. Xponential will be used as a springboard for substantive defense program manager and stakeholder engagement furthering opportunities for drone demonstrations and pilot programs over the coming months.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical applications for business, government, and defense. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive speed, accuracy, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and global network of locations through acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for surveying, monitoring, inspection, tracking, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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 99.10
ZenaTech Reports Record 558% Year-Over-Year Revenue Growth to $12.9 Million for Full Year 2025 as Drone as a Service Business Expansion Accelerates and Q4 Revenue increases 670%
Total assets grew 188% to $99.8 million; DaaS segment delivered over $10 million in first full year of operations
VANCOUVER, BC – April 29, 2026 – 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 |
Total Revenue | $12.9M | $2.0M | +558% |
Total Assets | $99.8M | $34.6M | +188% |
Cash + Reserves | $15.1M | $3.8M | +301% |
Working Capital | $18.3M | $3.4M | +439% |
Acquisitions Completed | 20 | 2 | — |
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
Management believes ZenaTech is well positioned to continue its growth trajectory in 2026. Key growth drivers include:
·Full-Year DaaS Contributions: The 2025 acquisitions are expected to contribute a full year of revenue in 2026, compared to partial-year contributions in 2025
·Drone Integration/Conversion Program: As surveying, inspection and cleaning operations that are acquired integrate and migrate to ZenaDrone-based delivery, the Company expects to reduce costs per job while expanding capacity and improving segment margins
·Continued M&A Activity: ZenaTech plans to pursue additional targeted land survey and legacy low-tech service company acquisitions in sectors that are ripe for drone innovation, in new U.S. states and internationally
·Manufacturing Operations: Continued focus on monthly assembled drone and component manufacturing goals in each of our three facilities, and capacity expanding as well as setting up new facilities to be fully operational- in Arizona and Ukraine,
·Product Development, Testing and Pilot Programs: Continued focus on advancing the development, testing, certification, and participation of customers in pilot programs for our drone solutions at various stages of commercialization, to bring solutions to full in-market status and generating revenue
·Industrial Markets: Continued investment in the ZenaDrone 1000 platform and IQ Series drones, and customer engagement in pilots is expected to yield revenue streams in precision agriculture markets, for indoor inventory management and logistics markets, security and inspection markets, and other verticals
·Defense Markets: Continued investment in our specific defense drone development for the ZenaDrone 1000 platform and IQ Series drones, and Counter-UAS platforms, as well as engagement with US Defense agency program managers and stakeholders for demonstrations and pilot programs for applications including indoor inventory management and cargo drone are planned for 2026
“The demand for drone solutions in both the defense and commercial markets continues at double digit growth, and we believe that we can capture meaningful market share in 2026 and beyond,” added Dr. Pasley. “Our real time response to emerging needs on the international stage has positioned us as a leader in the drone space. We are creating products for land, sea, and air defense, addressing critical asymmetrical modern warfare, that is enemy threats that are inexpensive to deploy but extraordinarily expensive to counter using traditional intercept methods. Our small one-way Interceptor P-1, planned to be priced at less than $5000 USD can manage drone swarms, and our IQ Aqua, which can detect and respond to underwater mine threats without putting divers or manned vessels at risk, will provide our defense customers with cost-effective, scalable solutions. Further, we announced this month that we are in the process of establishing a manufacturing facility and operations in Ukraine to accelerate production of our defense interceptor systems, as well as a testing facility to validate our products under an active threat environment,” concluded Dr. Pasley.
About ZenaTech
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms to transform industrial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and a separate enterprise SaaS division of multiple 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, and Asia, 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 systems.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
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, including its drone products including ZenaDrone 1000, IQ Square and IQ Nano; ZenaTech's ability to develop products for markets as currently contemplated; ZenaTech’s anticipated cash needs and it’s 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 managements’ 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.
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Filing Exhibits & Attachments
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