Polaris Infrastructure Inc
TSX:PIF
Polaris Infrastructure Inc
Polaris Infrastructure, Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. The company is headquartered in Toronto, Ontario and currently employs 151 full-time employees. The company went IPO on 2004-08-30. The Company, through its subsidiaries Polaris Energy Nicaragua, S.A. (PENSA) and San Jacinto Power International Corporation (SJPIC), owns and operates a 72-megawatt (MW) (net) capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua, near the city of Leon. Through its subsidiary Empresa de Generacion Electrica SAC (EGECSAC), the Company owns and operates a run-of-river hydroelectric project with a rated capacity of approximately five MW (net) located in the Canchayllo district of Peru. The firm through its subsidiary Generacion Andina SAC (GASAC), also owns and operates two run-of-river hydroelectric projects, with capacity of approximately eight MW (net) and 20 MW (net).
Polaris Infrastructure, Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. The company is headquartered in Toronto, Ontario and currently employs 151 full-time employees. The company went IPO on 2004-08-30. The Company, through its subsidiaries Polaris Energy Nicaragua, S.A. (PENSA) and San Jacinto Power International Corporation (SJPIC), owns and operates a 72-megawatt (MW) (net) capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua, near the city of Leon. Through its subsidiary Empresa de Generacion Electrica SAC (EGECSAC), the Company owns and operates a run-of-river hydroelectric project with a rated capacity of approximately five MW (net) located in the Canchayllo district of Peru. The firm through its subsidiary Generacion Andina SAC (GASAC), also owns and operates two run-of-river hydroelectric projects, with capacity of approximately eight MW (net) and 20 MW (net).
Revenue Growth: Quarterly revenue rose 8% year-over-year to $19 million, driven by strong performance in Peru and Ecuador as well as new wind operations in Puerto Rico.
Operational Strength: Hydroelectric production in Peru and Ecuador posted significant gains, offsetting lower generation in Nicaragua and some solar assets.
EBITDA Improvement: Adjusted EBITDA for the quarter increased to $12.8 million, up from $12.4 million last year.
Puerto Rico Expansion: The Punta Lima wind farm is now fully integrated, and major new battery storage projects (ASAP and SO2) are progressing, with regulatory approvals moving forward.
Strong Balance Sheet: Ended Q3 with $99 million in cash, with management signaling capacity for more development and potential acquisitions.
Dividend Commitment: Announced a $0.15 per share quarterly dividend, payable November 21.
Guidance & Outlook: Management expects continued operational steadiness and increased development activity, especially in Puerto Rico, with substantial financial impacts expected from 2027 onward.
