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Highlights

  • Polaris Renewable Energy’s annual revenue rose to USD 80.5 million, driven by Punta Lima addition.
  • Full-year net loss reached USD 2.7 million or USD (0.13) per share compared to prior year’s profit.
  • Company declared a quarterly dividend of USD 0.15 per share, payable February 27, 2026.

Polaris Renewable Energy Inc (TSE:PIF) reported consolidated energy production of 810,731 MWh for 2025, up from 764,756 MWh in 2024. Quarterly production increased by 1% compared to the same period last year.

The company’s revenue for the full year amounted to USD 80.5 million, compared with USD 75.8 million in 2024. The increase reflects the addition of Punta Lima Wind Farm, which was integrated into the portfolio in March 2025.

Adjusted EBITDA for 2025 totaled USD 56.5 million, slightly higher than USD 55.0 million recorded in the prior year.

Profitability and Cash Flow
Polaris posted a net loss attributable to shareholders of USD 2.7 million, translating to a basic loss of USD 0.13 per share, compared with net earnings of USD 3.0 million or USD 0.14 per share in 2024.

Net cash flow from operating activities reached USD 35.2 million, with a year-end cash position of USD 93.2 million, including restricted cash of USD 4.6 million.

Debt and Project Developments
In January 2025, Polaris settled four outstanding credit facilities as part of its Green Bonds issuance and debt optimization strategy aimed at reducing borrowing costs.

The Punta Lima Wind Farm LLC, an onshore wind facility with a 26 MW capacity in Naguabo, Puerto Rico, was completed under an Equity Capital Contribution Agreement. The project operates under a Power Purchase Agreement through 2044, with initial contract pricing of USD 149.14 per MWh.

Additionally, the company is progressing on the Battery Energy Storage System (BESS) project. Regulatory approvals are pending from the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Electric Power Authority (PREPA). Construction is expected to take approximately 12 months post-approval, after which Polaris will receive fixed and performance-based payments.

Dividends
Polaris continued its quarterly dividend policy, paying USD 12.6 million in dividends for 2025. A quarterly dividend of USD 0.15 per share has been declared, with a record date of February 17, 2026, and a payment date of February 27, 2026.

Share Performance
Polaris Renewable Energy Inc (TSE:PIF) traded at CAD 12.25, The stock reflects investor sentiment in line with the company’s earnings and operational updates.

Polaris Renewable Energy’s 2025 performance reflects incremental growth in production and revenue, partially offset by net losses. Key developments include the integration of Punta Lima Wind Farm and regulatory progress on the BESS project. Market participants will monitor the company’s execution on renewable energy and storage projects as well as dividend continuity.

FAQs

Q1. What is Polaris Renewable Energy’s latest dividend?
The company declared a quarterly dividend of USD 0.15 per share for February 27, 2026.

Q2. How did annual revenue perform?
Revenue for 2025 totaled USD 80.5 million, up from USD 75.8 million in 2024.

Q3. What is the status of the BESS project?
Regulatory approvals are pending; construction is expected to take 12 months after approvals.