Polaris Renewable Energy Inc (OTCPK:RAMPF)

Q2 2026 Polaris Renewable Energy Inc Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: $10.96 (-2.92%)

Transcript

Key Points

Positve

Polaris Renewable Energy Inc (RAMPF) signed a contract for the ASAP battery project in Puerto Rico on June 12, 2026, targeting a mid-2027 COD date, marking a key growth initiative.
The company was selected for a 250 MW DC solar plus 30% battery storage project in Mexico, with a signed JV agreement on July 3, 2026, featuring 25-year US dollar contracts with CPI inflators.
Strong balance sheet with nearly $100 million in cash provides ample flexibility for growth investments and maintaining a disciplined capital allocation strategy.
Improved pricing in Peru and Panama partially offset lower production, with Peru benefiting from annual CPI adjustments and favorable market conditions.
Diversified portfolio across technologies and geographies helped mitigate production declines, with solar production in Panama performing strongly.

Negative

Consolidated generation was 7.7% lower in Q2 2026 compared to the exceptional Q2 2025, driven by curtailment in the Dominican Republic, lower geothermal production in Nicaragua, and normalizing hydrology in Peru and Ecuador.
Curtailment in the Dominican Republic remained high at 29% for the border and 35% average, though improved from 42% in Q1 2026, with a full solution expected in 1-2 years.
Geothermal production in Nicaragua faced challenges from higher-than-anticipated sediment levels in reinjection wells after major maintenance, reducing binary unit output by about 0.75 MW.
Adjusted EBITDA declined 11% both quarter-over-quarter and year-over-year due to lower production and higher costs from integrating the Punta Lima wind farm and expanding the development pipeline.
Execution risk exists from simultaneously developing multiple large projects, requiring new hires and a new office in Mexico City, though staging of projects provides some buffer.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PIF.TO - Polaris Renewable Energy Inc
Q2 2026 Polaris Renewable Energy Inc Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone.

Welcome to the Polaris Renewable Energy Incorporated, second quarter 2026 conference call.

At this time, all participants have been placed on a listen-only mode, and the floor will be open for questions and comments after the presentation.

It is now my pleasure to turn the floor over to your host, CFO Alba Cedos, the floor is yours.

Thank you Kyle, good morning, everyone, and thank you for joining us for our 2026 second quarter earnings call for Renewable Energy Inc.

Before we begin, we would like to remind you that in addition to our press releases issued earlier today, you can find our financial statements and MD&A on both Cedars and our corporate

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