Polaris Renewable Energy Inc. (PIF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the Polaris Renewable Energy Incorporated first quarter 2025 conference call. At this time all participants are in a listen only mode and the floor will be open for questions following the presentation. If anyone should require operator assistance during the conference please press star zero on your phone keypad. Please note this conference is being recorded. I will now turn the conference over to your host Anton and Mark, the floor is yours. Thank you. Good morning everyone and welcome to our first quarter earnings call for Polaris Renewable Energy. In addition to our press releases issued earlier today, you can find our financial statements, MD&A, on both CDAR Plus and on our corporate website at polarisrei.com. Unless noted otherwise, all amounts referred to are denominated in U.S. dollars. I'd also like to remind you that comments made during this call may include forward-looking statements within the meaning of applicable Canadian securities legislation regarding the future performance of Polaris and its subsidiaries. These statements are current expectations and as such are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include the factors discussed in the company's annual information forum for the year end of December 31st, 2024. I am joined this morning, as always, by Mark. At this time, we'll walk through our financial highlights. Power generation, consolidated power production for the quarter was 216,344 megawatt hours versus 213,434 megawatt hours for the same period in 2024. For Nicaragua in the first quarter of 2025, production was 114,424 megawatt hours, marginally lower compared to the same period last year...