Innergex Renewable Energy Inc.
Innergex Renewable Energy Inc. (INE.TO) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Innergex Renewable Energy Inc. (INE.TO), covering cash flow, earnings, and balance sheets.
Innergex Renewable Energy Inc. (INE.TO) Income Statement & Financial Overview
Explore comprehensive income reports for Innergex Renewable Energy Inc. INE.TO, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $230.64M | $246.29M | $258.61M | $259.97M |
| Cost of Revenue | -$40.85M | -$39.76M | -$14.38M | -$20.47M |
| Gross Profit | $271.49M | $286.06M | $258.61M | $280.44M |
| Gross Profit Ratio | $1.18 | $1.16 | $1.00 | $1.08 |
| R&D Expenses | $0.00 | $10.74M | $9.42M | $8.78M |
| SG&A Expenses | $22.10M | $15.73M | $18.89M | $18.13M |
| Operating Expenses | $197.09M | $223.04M | $186.97M | $26.91M |
| Total Costs & Expenses | $156.24M | $183.28M | $172.59M | $184.12M |
| Interest Income | $1.60M | $285000.00 | $2.06M | $1.94M |
| Interest Expense | $95.61M | $81.26M | $82.75M | $85.81M |
| Depreciation & Amortization | $102.40M | $92.69M | $97.67M | $95.16M |
| EBITDA | $190.52M | $156.03M | $185.40M | $171.006M |
| EBITDA Ratio | $0.83 | $0.63 | $0.72 | $0.66 |
| Operating Income | $74.40M | $63.01M | $71.64M | $75.85M |
| Operating Income Ratio | $0.32 | $0.26 | $0.28 | $0.29 |
| Other Income/Expenses (Net) | -$76.90M | -$76.92M | -$65.61M | -$43.77M |
| Income Before Tax | -$2.50M | -$13.91M | $6.04M | $32.08M |
| Income Before Tax Ratio | -$0.01 | -$0.06 | $0.02 | $0.12 |
| Income Tax Expense | $2.03M | -$47.15M | -$1.86M | $9.07M |
| Net Income | -$11.95M | $29.16M | $8.21M | $19.95M |
| Net Income Ratio | -$0.05 | $0.12 | $0.03 | $0.08 |
| EPS | -$0.07 | $0.14 | $0.03 | $0.09 |
| Diluted EPS | -$0.07 | $0.14 | $0.03 | $0.09 |
| Weighted Avg Shares Outstanding | $201.78M | $201.78M | $202.11M | $202.81M |
| Weighted Avg Shares Outstanding (Diluted) | $201.78M | $203.81M | $203.48M | $203.55M |
The company's financials show resilient growth, with revenue advancing from $259.97M in Q2 2024 to $230.64M in Q1 2025. Gross profit remained healthy with margins at 118% in Q1 2025 compared to 108% in Q2 2024. Operating income hit $74.40M last quarter, sustaining a consistent 32% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $190.52M. Net income dropped to -$11.95M, while earnings per share reached -$0.07. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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