Polaris Renewable Energy (TSE:PIF) Posts Earnings Results

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

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 Price Performance

Shares of TSE:PIF opened at C$12.10 on Friday. The company’s fifty day moving average is C$12.17 and its two-hundred day moving average is C$12.62. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy has a 12-month low of C$10.70 and a 12-month high of C$14.20. The company has a market cap of C$253.91 million, a P/E ratio of -22.41, a price-to-earnings-growth ratio of 3.28 and a beta of 0.60.

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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, February 17th. Polaris Renewable Energy’s payout ratio is presently -111.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PIF shares. 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 research report on Wednesday, January 7th. Raymond James Financial reduced their target price on Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating for the company in a report on Friday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$19.63.

About Polaris Renewable Energy

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.