Polaris Renewable Energy Inc. Announces Q1 2025 Results and Declares Quarterly Dividend

Polaris Renewable Energy Inc., a renewable energy company listed on the Toronto Stock Exchange, has announced its financial results for the first quarter of 2025, alongside a declaration of a quarterly dividend.

Quarterly Dividend Declaration

Polaris Renewable Energy Inc. has declared a quarterly dividend of $0.15 per common share. This dividend is scheduled to be paid on May 23rd to shareholders of record as of the close of business on May 12th. The dividend is classified as an “eligible dividend” for Canadian federal, provincial, and territorial income tax purposes. This declaration underscores the company’s commitment to returning value to its shareholders.

Q1 2025 Financial Results

The company reported mixed results for the first quarter of 2025. Analysts had anticipated a loss of $0.048 per share, a significant decrease from the $0.280 CAD per share earned in the same quarter of the previous year. The company experienced a 25.59% decline in revenue compared to the prior year, with analysts projecting revenues of approximately $20.7 million USD for the quarter, down from $27.8 million CAD in the previous year.

Market and Financial Overview

As of April 29, 2025, Polaris Renewable Energy Inc. closed at a price of $11.97 CAD per share. The company’s market capitalization stands at approximately 246,522,154 CAD. The price-to-earnings ratio is currently 26.0299. The stock has experienced a 52-week range, with a high of $13.85 CAD on June 2, 2024, and a low of $10.70 CAD on April 6, 2025.

Polaris Renewable Energy Inc. continues to focus on the acquisition, development, and operation of renewable energy projects, primarily serving customers in Latin America. For more detailed information on their operations and initiatives, interested parties can visit their website at www.polarisinfrastructure.com .

The company is set to host its regular financial conference on May 1, 2025, where it will present the detailed financial statements and management’s discussion and analysis for the quarter ending March 31, 2025. These documents are available on the company’s website and have been posted on SEDAR+.

This summary provides a concise overview of the key financial developments and announcements from Polaris Renewable Energy Inc. for the first quarter of 2025.