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Polaris Renewable Energy Q2 revenue up 15% on Punta Lima Wind Farm acquisition, strong Peru conditions

ReutersJul 31, 2025 12:12 PM


Overview

  • Polaris Q2 rev rises 15% yr/yr, just beating analyst expectations, per LSEG data

  • Adjusted EBITDA for Q2 grows, reflecting improved operational efficiency

  • Co maintains quarterly dividend, ends Q2 with $90.7 mln cash position


Outlook

  • Company expects curtailment levels to persist for the rest of the year

  • Polaris considers battery storage projects to enhance grid stability

  • Company plans to maintain its quarterly dividend

  • Polaris aims to pursue selective growth opportunities


Result Drivers

  • ENERGY PRODUCTION - 15% increase driven by Punta Lima Wind Farm acquisition and strong hydrological conditions in Peru

  • REVENUE GROWTH - Revenue rose to $21.6 mln, surpassing analyst expectations, attributed to increased energy production

  • OPERATIONAL EFFICIENCY - Adjusted EBITDA increased to $15.4 mln, reflecting improved cost management and operational efficiency


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$21.64 mln

$21.60 mln (2 Analysts)

Q2 EPS

$0.1

Q2 Adjusted EBITDA

$15.40 mln

Press Release: ID:nACSCrLsBa

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