Polaris Renewable Energy (TSE:PIF) Posts Quarterly Earnings Results

Polaris Renewable Energy (TSE:PIF) announced its earnings results on Thursday. The company reported C$0.39 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$25.57 million during the quarter. Polaris Renewable Energy had a return on equity of 2.68% and a net margin of 9.49%.

Here are the key takeaways from Polaris Renewable Energy’s conference call:

• Polaris delivered a 6% year-over-year production increase to 810,731 MWh in 2025, driven by strong hydro performance in Peru and Ecuador and the addition of the 26 MW Punta Lima wind farm (42,056 MWh contribution).
• Financial performance improved with Adjusted EBITDA of $56.5 million, a conservative balance sheet and a consolidated cash balance of $93.2 million, and the company declared a quarterly dividend of $0.15 per share.
• Capital structure and shareholder returns were advanced through a simplified debt profile, share buybacks (169,800 shares for ~$1.5M in 2025) and stated capacity to deploy capital for growth opportunities.
• Growth pipeline broadened — ASAP project in Puerto Rico is awaiting PREPA board approval, a strategic ~10 MW co-located solar LOI is expected to go binding by end of March, Polaris passed a Puerto Rico RFP stage (solar + BESS) and signed an exclusivity for ~1,000 MW of projects in Mexico targeting mid‑teens IRRs and 12–15 month construction timelines.
• Operational headwinds include grid curtailment in the Dominican Republic (3,500 MWh in Q4; ~5,900 MWh for the year, budgeted conservatively at ~10,000 MWh for 2026) and a ~5% generation decline in Nicaragua from geothermal normalization, which could pressure near-term volumes and revenue.

Polaris Renewable Energy Stock Performance

PIF traded down C$0.26 during trading on Thursday, hitting C$11.99. The stock had a trading volume of 91,052 shares, compared to its average volume of 37,604. The firm has a market capitalization of C$251.60 million, a P/E ratio of -22.20, a PEG ratio of 3.28 and a beta of 0.60. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. Polaris Renewable Energy has a twelve month low of C$10.70 and a twelve month high of C$14.20. The company’s 50-day moving average price is C$12.15 and its 200 day moving average price is C$12.63.

Polaris Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Polaris Renewable Energy’s payout ratio is currently -111.11%.

Analyst Ratings Changes

Separately, National Bank Financial increased their price objective on Polaris Renewable Energy from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$21.00.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.