Polaris Renewable Energy Inc. (TSX:PIF)

Polaris Renewable Energy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	93.22	88.62	213.31	40.05	35.33	97.93
Accounts Receivable	12.42	11.41	11.28	10.63	11.24	9.42
Other Receivables	-	1.15	2.12	1.57	1.2	1.41
Prepaid Expenses	2.7	1.6	1.19	0.92	0.99	0.94
Other Current Assets	-	0.48	0.67	0.88	1.85	0.43
Total Current Assets	109.34	103.26	228.56	54.04	50.61	110.14
Property, Plant & Equipment	341.8	359.1	360.12	383.82	402.07	358.85
Goodwill	9.31	9.31	8.56	12.36	12.36	-
Other Intangible Assets	45.3	46.62	50.84	55.01	57.53	22.97
Long-Term Deferred Tax Assets	11.33	11.43	6.8	6.64	3.91	0.86
Other Long-Term Assets	11.01	5.85	7.23	7.52	8.63	9.89
Total Assets	528.09	535.57	662.11	519.4	535.1	502.7

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	18.52	5.76	10.09	11.97	9.5	8.15
Accrued Expenses	-	1.67	2.02	0.82	0.76	0.44
Current Portion of Long-Term Debt	4.12	4.04	16.27	15.85	14.94	23.12
Current Unearned Revenue	-	-	-	-	-	0.15
Current Portion of Leases	0.39	0.36	0.43	0.4	0.42	0.3
Other Current Liabilities	-	7.83	5.03	2.32	4.97	2.15
Total Current Liabilities	23.02	19.66	33.84	31.35	30.6	34.31
Long-Term Debt	212.63	213.31	312.08	156.53	169.47	146.57
Long-Term Leases	2.22	2.17	2.15	2.35	2.5	1
Long-Term Deferred Tax Liabilities	50.36	52.27	54.51	59.24	62.33	54.76
Other Long-Term Liabilities	4.68	5.3	-	-	-	5.24
Total Liabilities	292.9	292.69	402.58	249.47	264.89	241.88

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	664.97	665.14	666.38	666.39	666.04	649.08
Additional Paid-In Capital	14.2	14.11	14.09	14.02	13.84	14.27
Retained Earnings	-443.83	-436.08	-420.73	-411.07	-410.2	-400.59
Total Common Equity	235.34	243.17	259.75	269.34	269.68	262.76
Minority Interest	-0.15	-0.29	-0.22	0.59	0.54	-1.94
Shareholders' Equity	235.19	242.88	259.53	269.93	270.21	260.82
Total Liabilities & Equity	528.09	535.57	662.11	519.4	535.1	502.7

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	219.35	219.87	330.93	175.12	187.33	170.99
Net Cash (Debt)	-126.13	-131.25	-117.62	-135.07	-152	-73.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.98	-6.21	-5.56	-6.41	-7.54	-3.84
Filing Date Shares Outstanding	20.89	20.89	21.07	21.08	21.03	19.63
Total Common Shares Outstanding	20.89	20.9	21.06	21.06	21.03	19.53
Working Capital	86.32	83.6	194.73	22.69	20.01	75.84
Book Value Per Share	11.26	11.63	12.34	12.79	12.83	13.46
Tangible Book Value	180.73	187.24	200.35	201.97	199.8	239.79
Tangible Book Value Per Share	8.65	8.96	9.52	9.59	9.50	12.28
Construction In Progress	4.5	4.5	5	4.14	9.9	8.78

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

Data Sources Report a data error