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Kraken Robotics Systems Inc ( (TSE:PNG) ) has shared an announcement.
Kraken Robotics reported record 2025 results with revenue rising to $102.2 million and Adjusted EBITDA reaching $25.0 million, driven by strong demand for SeaPower subsea batteries, Synthetic Aperture Sonar products, and expanded subsea services following the acquisition of 3D at Depth. The company increased battery manufacturing capacity with a new Nova Scotia facility, introduced several product innovations, strengthened its leadership team, and forecast 2026 revenue of $165 million to $175 million and Adjusted EBITDA of $40 million to $50 million.
Management highlighted that rising global instability and energy security concerns are accelerating adoption of uncrewed maritime systems, underpinning robust order intake, including $87 million of product orders so far in 2026 across all lines. Kraken also emphasized the strategic, transformational acquisition of UK-based Covelya Group, a major underwater technology provider, which is expected to significantly enhance its product portfolio, competitive position, and financial profile once closed, reinforcing its role in the fast-growing defence and offshore energy subsea technology markets.
The most recent analyst rating on (TSE:PNG) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.
Spark’s Take on PNG Stock
According to Spark, TipRanks’ AI Analyst, PNG is a Neutral.
The score is primarily supported by strong revenue growth, healthy profitability, and a conservatively leveraged balance sheet, but is held back by negative operating/free cash flow and a very high P/E valuation. Technically, the trend is bullish, yet overbought momentum signals increase near-term downside risk.
To see Spark’s full report on PNG stock, click here.
More about Kraken Robotics Systems Inc
Kraken Robotics Inc. is a Canada-based marine technology company specializing in subsea intelligence, including Synthetic Aperture Sonar, subsea batteries under its SeaPower line, and related underwater sensing and power solutions. The company serves defence and commercial markets globally, targeting growing demand for autonomous and uncrewed underwater systems, as well as offshore energy and maritime security applications.
Average Trading Volume: 1,841,939
Technical Sentiment Signal: Buy
Current Market Cap: C$2.59B
For an in-depth examination of PNG stock, go to TipRanks’ Overview page.