Polaris Renewable Energy Inc. (PIF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Welcome to the Polaris Renewable Energy, Inc., second quarter 2025 conference call. At this time, all participants have been on the listen-only mode, and after management's prepared remarks, there will be a question-and-answer session. I would now like to turn the call over to Anton Jelic. The floor is yours. Thanks, Kelly. Good morning, everyone, and welcome to the second quarter earnings call for Polaris. In addition to our press releases issued earlier today, you can find our financial statements and 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 Renewable Energy 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 our company's annual information forum for the year ended December 31st, 2024. At this time, I'll walk you through our financial highlights. Power generation. Consolidated power production for the quarter was 215,797 megawatt hours versus 186,886 megawatt hours for the same period in 2024. In Nicaragua, in the second quarter of 2025, our production was 110,895 megawatt hours, marginally lower compared to the same period last year at 114,046 megawatt hours. For the three months ended June 30th, total power production from the company's three hydroelectric facilities in Peru was 54,778 megawatt hours, versus 4...