Overview

* Polaris Q2 rev rises 15% yr/yr, just beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 grows, reflecting improved operational efficiency

* Co maintains quarterly dividend, ends Q2 with $90.7 mln cash position

Outlook

* Company expects curtailment levels to persist for the rest of the year

* Polaris considers battery storage projects to enhance grid stability

* Company plans to maintain its quarterly dividend

* Polaris aims to pursue selective growth opportunities

Result Drivers

* ENERGY PRODUCTION - 15% increase driven by Punta Lima Wind Farm acquisition and strong hydrological conditions in Peru

* REVENUE GROWTH - Revenue rose to $21.6 mln, surpassing analyst expectations, attributed to increased energy production

* OPERATIONAL EFFICIENCY - Adjusted EBITDA increased to $15.4 mln, reflecting improved cost management and operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $21.64 $21.60

Revenue mln mln (2

Analysts

)

Q2 EPS $0.1

Q2 $15.40

Adjusted mln

EBITDA

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)