Polaris Renewable Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	79.96	80.48	75.77	78.52	62.6	59.52
Revenue Growth (YoY)	6.01%	6.21%	-3.50%	25.44%	5.18%	-20.35%
Fuel and Purchased Power Expense	16.97	16.28	13.75	13.66	11.66	10.7
Operations and Maintenance Expenses	8.42	8.03	8.09	7.88	7.59	6.83
Gross Profit	54.57	56.18	53.94	56.99	43.36	41.99
Depreciation & Amortization Expenses	30.34	29.96	29.21	28.95	25.75	26.07
Other Operating Expenses	-	2.19	5.28	-	-	-
Operating Income	22.04	24.03	19.45	28.04	17.61	15.92
Interest Income	6.53	6.52	2.86	1.89	0.68	0.37
Interest Expense	-23.26	-33.47	-21.88	-21.93	-19.48	-16.96
Other Non-Operating Income (Expense)	-1.19	-1.02	0.42	-1.64	2.16	5.09
Total Non-Operating Income (Expense)	-17.93	-27.97	-18.6	-21.68	-16.64	-11.5
Pretax Income	4.11	-3.94	0.85	6.37	0.97	4.42
Provision for Income Taxes	4.25	-1.13	-1.33	-5.43	-1.46	3.88
Net Income	7.06	-2.75	2.99	11.74	2.5	0.5
Minority Interest in Earnings	-0.03	-0.07	-0.81	0.06	-0.07	0.04
Net Income to Common	7.06	-2.75	2.99	11.74	2.5	0.5
Net Income Growth	-	-	-74.54%	369.95%	398.80%	-98.26%
Shares Outstanding (Basic)	21	21	21	21	20	19
Shares Outstanding (Diluted)	21	21	21	21	20	19
Shares Change (YoY)	2.60%	-0.14%	0.39%	4.54%	5.99%	12.11%
EPS (Basic)	0.33	-0.13	0.14	0.56	0.12	0.03
EPS (Diluted)	0.33	-0.13	0.14	0.56	0.12	0.03
EPS Growth	-	-	-75.00%	366.67%	300.00%	-98.23%
Shares Outstanding	20.96	20.9	21.06	21.06	21.03	19.53
Free Cash Flow	31.07	34.47	31.69	32.57	1.02	32.72
Free Cash Flow Growth	-9.88%	8.78%	-2.71%	3080.96%	-96.87%	-2.11%
Free Cash Flow Per Share	1.46	1.63	1.50	1.55	0.05	1.72
Dividends Per Share	0.600	0.600	0.600	0.600	0.600	0.600
Gross Margin	68.24%	69.80%	71.18%	72.58%	69.26%	70.55%
Operating Margin	27.56%	29.86%	25.67%	35.71%	28.13%	26.75%
Profit Margin	8.80%	-3.50%	2.88%	15.03%	3.89%	0.91%
FCF Margin	38.85%	42.83%	41.82%	41.48%	1.64%	54.97%
EBITDA	52.67	54.28	48.89	57.21	43.2	42.3
EBITDA Margin	65.87%	67.44%	64.52%	72.86%	69.01%	71.07%
EBIT	22.04	24.03	19.45	28.04	17.61	15.92
EBIT Margin	27.56%	29.86%	25.67%	35.71%	28.13%	26.75%
Effective Tax Rate	103.33%	28.57%	-157.26%	-85.37%	-151.08%	87.73%

Updated May 7, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.