Polaris Renewable Energy Inc.
Polaris Renewable Energy Inc. (PIF.TO) Financial Performance & Income Statement Overview
Explore the financials of Polaris Renewable Energy Inc. (PIF.TO), including yearly and quarterly data on income, cash flow, and balance sheets.
Polaris Renewable Energy Inc. (PIF.TO) Income Statement & Financial Overview
Analyze Polaris Renewable Energy Inc.’s PIF.TO earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $20.29M | $18.78M | $17.66M | $18.70M |
| Cost of Revenue | $10.68M | $10.86M | $10.76M | $10.93M |
| Gross Profit | $9.61M | $7.92M | $6.90M | $7.77M |
| Gross Profit Ratio | $0.47 | $0.42 | $0.39 | $0.42 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.76M | $1.62M | $1.85M | $1.82M |
| Operating Expenses | $1.96M | $7.52M | $2.17M | $1.87M |
| Total Costs & Expenses | $12.63M | $18.38M | $12.93M | $12.80M |
| Interest Income | $1.04M | $1.15M | $745000.00 | $129000.00 |
| Interest Expense | $5.66M | $5.50M | $4.40M | $4.84M |
| Depreciation & Amortization | $7.37M | $7.31M | $7.42M | $7.36M |
| EBITDA | $5.82M | $8.51M | $12.30M | $13.79M |
| EBITDA Ratio | $0.29 | $0.45 | $0.70 | $0.74 |
| Operating Income | $7.65M | $399000.00 | $4.73M | $5.90M |
| Operating Income Ratio | $0.38 | $0.02 | $0.27 | $0.32 |
| Other Income/Expenses (Net) | -$14.87M | -$5.04M | -$4.25M | -$4.31M |
| Income Before Tax | -$7.21M | -$4.64M | $480000.00 | $1.59M |
| Income Before Tax Ratio | -$0.36 | -$0.25 | $0.03 | $0.08 |
| Income Tax Expense | $3.19M | -$897000.00 | $20000.00 | $531000.00 |
| Net Income | -$10.44M | -$2.79M | $451000.00 | $985000.00 |
| Net Income Ratio | -$0.51 | -$0.15 | $0.03 | $0.05 |
| EPS | -$0.49 | -$0.14 | $0.02 | $0.05 |
| Diluted EPS | -$0.49 | -$0.14 | $0.02 | $0.05 |
| Weighted Avg Shares Outstanding | $21.10M | $21.36M | $21.10M | $21.10M |
| Weighted Avg Shares Outstanding (Diluted) | $21.14M | $21.36M | $21.13M | $21.13M |
The company's financials show resilient growth, with revenue advancing from $18.70M in Q2 2024 to $20.29M in Q1 2025. Gross profit remained healthy with margins at 47% in Q1 2025 compared to 42% in Q2 2024. Operating income hit $7.65M last quarter, sustaining a consistent 38% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $5.82M. Net income dropped to -$10.44M, while earnings per share reached -$0.49. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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