VANCOUVER, British Columbia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (NASDAQ:ZENA) (FSE: 49Q) (BMV:ZENA) ("ZenaTech"), a technology business solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the third quarter ended September 30, 2025, which includes a record 1,225% increase in year-over-year revenue for the quarter. The company achieved a 6X revenue increase for the first nine months of the year with revenue of $7.73 million compared to the same period of 2024 (all figures are in Canadian dollars). These results represent the company's highest-ever quarterly revenue driven by exceptional performance of the Drone as a Service segment and in addition includes the highest ever quarterly growth for the enterprise SaaS software segment. Progress was made towards advancing the US defense industry business and other product and manufacturing objectives.

Highlights for Q3 2025:

Record Revenue Growth: Revenue for the quarter was $4.35 million, a 1,225% increase year-over-year from $327,878 in the same quarter of 2024

Drone as a Service Segment Growth: Drone as a Service contributed $3.57 million in revenue during the quarter compared to zero in Q3 of 2024

Enterprise Software Segment Growth: Enterprise SaaS Software segment revenue grew to $776,908 during the quarter, which represents a 137% increase over the same quarter last year

Nine-Month Growth Momentum: Revenue for the first nine months of 2025 reached $7.73 million, up almost 6X from $1.29 million in the same period in 2024

Operational Expansion: Completed four acquisitions of land survey engineering companies during the quarter strengthening the company's Drone as a Service national footprint to ten locations across the US by quarter end

Working Capital: Increased to $23.6 million as of September 30, 2025, compared to $3.4 million on December 31, 2024

Healthy Balance Sheet: Cash reserves and marketable securities increased to $19.5 million as of June 30, 2025, up from $10.27 million of cash reserves only at the end of Q2, 2025.

Defense Business: Submitted application for Green UAS (Uncrewed Aircraft Systems), part of the pathway to becoming an approved supplier to the US Department of War, and the company made progress building relationships with military program managers and government officials to help secure future government defense contracts

"This quarter's results demonstrate that our Drone as a Service strategy is scaling faster than expected," said Shaun Passley, PhD, ZenaTech CEO. "We are seeing strong demand for drone-based land surveying, mapping, and infrastructure inspection services across both the public and private sectors. As we continue integrating our recent acquisitions and deploying AI-driven flight control technologies, we expect sustained growth momentum to continue into 2026."

Dr. Passley added, "Our SaaS division also continues to expand internationally, with increasing subscription demand for field management, safety, and workflow software across Europe and the Middle East."

Financial Overview

Revenue Growth: The significant increase was fueled by the full-scale rollout of the Drone as a Service segment encompassing four acquisitions during the quarter combined with six existing business locations, and strong enterprise SaaS software license renewals

Asset Growth: Total assets grew to $78.5 million at the end of the ...