Polaris Renewable Energy Inc.
Polaris Renewable Energy Inc. (PIF.TO) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Polaris Renewable Energy Inc. (PIF.TO), covering cash flow, earnings, and balance sheets.
Polaris Renewable Energy Inc. (PIF.TO) Income Statement & Financial Overview
Review Polaris Renewable Energy Inc. PIF.TO income statement with detailed quarterly and annual 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 |
Financial performance has remained strong, with revenue growing from $18.70M in Q2 2024 to $20.29M in Q1 2025. Gross profit continued to perform well, with margins at 47% in the latest quarter. Operating income reached $7.65M in Q1 2025, holding a steady 38% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $5.82M. Net income dropped to -$10.44M, keeping EPS at -$0.49. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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