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

Polaris Renewable Energy

31/07/2025 13:12

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)