Highlights

  • Recurring revenue from operating assets up 73% to USD 2.24M in FY2025.
  • Energy generation from operating assets increases 83% to 15.75 GWh.
  • Net loss of USD 2.59M driven by continued investment in late-stage development projects.

Revolve Renewable Power Corp. (TSXV:REVV) announced its financial results for the fiscal year ended June 30, 2025. The company reported recurring revenue from operating assets of USD 2,241,357, representing a 73% increase from USD 1,292,297 in FY2024. Total revenue for FY2025 was USD 3,983,226, compared to USD 6,742,297 in the prior year, reflecting the absence of deferred consideration payments related to the ENGIE Bouse & Parker project sale recognized in FY2024.

The company recorded a net loss of USD 2,590,122 in FY2025 versus net income of USD 2,602,510 in FY2024, as it continued to invest in its late-stage development portfolio. Energy generation from operating assets rose 83% to 15,747,489 kWh. Gross profit reached USD 3,238,341, representing an 81% margin. At year-end, cash and security deposits totaled USD 1,950,895.

Management Commentary
CEO Myke Clark stated: “During FY2025, Revolve achieved a 73% increase in recurring revenue from our 13-megawatt operating portfolio while continuing to invest in our growing pipeline of development projects. We made meaningful progress across our late-stage assets as we work to create long-term value for our shareholders. Our business model — combining stable recurring revenue with large-scale project development — provides a solid foundation for sustained growth.”

Operating and Development Highlights
Revolve’s Develop, Own & Operate strategy continues to capitalize on its 13 MW operating portfolio, which includes assets acquired through the 2024 purchase of Windriver Power Corporation and the Colima DG project in Mexico. Late-stage developments include the 20 MW Vernal Battery Energy Storage System in Utah, the 50 MW Primus Wind Project in Colorado, and the 15.7 MW Bright Meadows Solar Project in Alberta, Canada.

Within its Develop & Sell segment, the Company advanced investments in over 500 MW of wind projects in Mexico and completed the sale of a 3 MW CHP Project for USD 1.5M. On October 8, 2025, Revolve also entered a partnership in Mexico to develop more than 5 MW of commercial distributed generation projects.

Key regulatory progress included Alberta Utilities Commission approval for the Bright Meadows Solar Project, which will supply power to more than 3,700 homes. The company also signed a Letter of Intent to acquire a 30 MWp solar project in Canada, with construction planned for 2027 following completion of the Bright Meadows project.

Corporate Governance Updates
On October 22, 2025, Revolve granted 401,585 Deferred Share Units to directors under its DSU Plan. Each DSU represents one share or equivalent cash value upon a director’s departure from the Company and includes a one-year vesting period.

Company Overview
Founded in 2012, Revolve Renewable Power develops utility-scale wind, solar, hydro, and battery storage projects across the U.S., Canada, and Mexico, along with distributed generation assets under long-term contracts.