ZenaTech, Inc. closed three acquisitions on December 30 2025, adding Holt Surveying & Mapping of Spokane, Washington; Andrew Spiewak Land Surveyor of Chicago, Illinois; and a Halifax, Nova Scotia‑based commercial window‑washing firm to its portfolio. The deals bring new land‑surveying capabilities and a low‑to‑mid‑rise commercial window‑washing operation into the company’s Drone‑as‑a‑Service (DaaS) network, broadening the range of services that can be delivered via its autonomous drone platform.
The acquisitions are part of a broader pattern: ZenaTech has completed 19 acquisitions in 2025, the first of which were in Canada. By extending its presence into the Pacific Northwest, the Midwest, and eastern Canada, the company is positioning itself to serve forestry, mining, hydroelectric, and construction markets in Washington and Idaho, as well as land‑surveying and inspection work in Illinois. The Halifax firm adds a new revenue stream that can be supported by drone‑based power‑washing technology, a niche that aligns with the company’s focus on high‑value, high‑margin services.
Management explains that the acquisitions accelerate the company’s DaaS expansion and leverage existing customer relationships to cross‑sell its AI‑powered software and drone hardware. CEO Shaun Passley said the moves are “instrumental in expanding our global footprint and service offerings across key regions while building a strong foundation of service expertise and customer relationships critical to delivering our superior drone‑enabled solutions.” The strategy is to build a vertically integrated ecosystem that supports rapid deployment of drone services across North America and beyond.
Financially, ZenaTech’s revenue grew 1,225% year‑over‑year in Q3 2025, driven by strong demand in its core DaaS segment, but the company remains unprofitable, reporting a GAAP EPS of –$0.34. The company’s balance sheet is healthy, with increasing working capital and cash reserves that provide a cushion for continued investment in technology and acquisitions. The acquisitions add new customer bases and service lines that are expected to contribute to future revenue growth, though the financial terms of the deals were not disclosed.
Market reaction to the announcement was muted. The company’s stock had experienced significant volatility, falling 17% over the past week and trading at $3.27, down 4.39% over the prior 24 hours as of December 30 2025. Investors appear to be weighing the company’s ongoing unprofitability and the capital intensity of its aggressive acquisition strategy against the upside of expanded service offerings and geographic reach.
Overall, the acquisitions reinforce ZenaTech’s strategy to acquire 25 DaaS‑related companies by mid‑2026, deepen its service portfolio, and strengthen its position in key growth markets. The moves are expected to accelerate the company’s path to profitability as it scales its AI‑driven drone platform and expands into new verticals.
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