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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	90.49	88.62	213.31	40.05	35.33	97.93
Accounts Receivable	12.15	11.41	11.28	10.63	11.24	9.42
Other Receivables	-	1.15	2.12	1.57	1.2	1.41
Prepaid Expenses	3.77	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	110.48	103.26	228.56	54.04	50.61	110.14
Property, Plant & Equipment	330.91	359.1	360.12	383.82	402.07	358.85
Goodwill	5.41	9.31	8.56	12.36	12.36	-
Other Intangible Assets	51.52	46.62	50.84	55.01	57.53	22.97
Long-Term Deferred Tax Assets	11.59	11.43	6.8	6.64	3.91	0.86
Other Long-Term Assets	11.7	5.85	7.23	7.52	8.63	9.89
Total Assets	521.59	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	23.99	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	3.77	4.04	16.27	15.85	14.94	23.12
Current Unearned Revenue	-	-	-	-	-	0.15
Current Portion of Leases	0.41	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	28.16	19.66	33.84	31.35	30.6	34.31
Long-Term Debt	213.16	213.31	312.08	156.53	169.47	146.57
Long-Term Leases	2.21	2.17	2.15	2.35	2.5	1
Long-Term Deferred Tax Liabilities	48.88	52.27	54.51	59.24	62.33	54.76
Other Long-Term Liabilities	4.2	5.3	-	-	-	5.24
Total Liabilities	296.61	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	665	665.14	666.38	666.39	666.04	649.08
Additional Paid-In Capital	14.29	14.11	14.09	14.02	13.84	14.27
Retained Earnings	-454.18	-436.08	-420.73	-411.07	-410.2	-400.59
Total Common Equity	225.11	243.17	259.75	269.34	269.68	262.76
Minority Interest	-0.13	-0.29	-0.22	0.59	0.54	-1.94
Shareholders' Equity	224.98	242.88	259.53	269.93	270.21	260.82
Total Liabilities & Equity	521.59	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	219.54	219.87	330.93	175.12	187.33	170.99
Net Cash (Debt)	-129.06	-131.25	-117.62	-135.07	-152	-73.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.10	-6.21	-5.56	-6.41	-7.54	-3.84
Filing Date Shares Outstanding	21.21	20.89	21.07	21.08	21.03	19.63
Total Common Shares Outstanding	21.21	20.9	21.06	21.06	21.03	19.53
Working Capital	82.31	83.6	194.73	22.69	20.01	75.84
Book Value Per Share	10.61	11.63	12.34	12.79	12.83	13.46
Tangible Book Value	168.18	187.24	200.35	201.97	199.8	239.79
Tangible Book Value Per Share	7.93	8.96	9.52	9.59	9.50	12.28
Construction In Progress	-	4.5	5	4.14	9.9	8.78

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Nov 6, 2026

Data Sources Report a data error