Revolve Reports a 15% Recurring Revenue Increase and Significant Progress Across North American Project Portfolio in Q2, F2026

About this update from Revolve Renewable Power Corp

VANCOUVER, BC / ACCESS Newswire / February 25, 2026 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) (" Revolve " or the " Company "), a North American owner, operator and developer of renewable energy projects, reported its financial results for the three and six months ended December 31, 2025 ("Q2 FY2026"). This earnings release should be read in conjunction with the Company's condensed interim consolidated financial statements and management's discussion and analysis, which are available on the Company's website at www.revolve-renewablepower.com and have been posted on SEDAR+ at www.sedarplus.ca . "Revolve recorded a 15% increase in recurring revenue in Q2, 2026, from our 13-megawatt ("MW") portfolio of operating assets while making key investments in the continued development of our project pipeline," said CEO Myke Clark. "In addition to that revenue growth, the Revolve team achieved several milestones on our utility scale portfolio while continuing to expand our distributed generation pipeline and assess additional acquisition opportunities to accelerate our near-term recurring revenue stream even more aggressively. Finally, subsequent to the end of the quarter, Revolve closed a US$40 million a transformative strategic financing partnership that will solidify our balance sheet and help to accelerate our business plan." Key financial highlights (all figures reported in USD): Key Business Highlights Strategic Financing On February 19, 2026, Revolve closed a transformative US$40 million strategic financing agreement with US-based Callaway that will unlock significant value for shareholders, accelerate the advancement of 3-gigawatt renewable energy portfolio and help build a North American energy powerhouse. US$10 million was funded on closing and provides Revolve with the necessary resources to advance new and existing projects, capitalize on growing electricity demand, and unlock long-term value while maintaining alignment with shareholder interests. The convertible loan structure is designed to align dilution with long-term value creation, with conversion prices that step up meaningfully in the second tranche, reflecting confidence in Revolve's growth trajectory. Revolve believes this capital will enable Revolve to transition more rapidly toward a larger operating asset base, supporting long-term cash flow generation and shareholder value creation while increasing its footprint in digital infrastructure and energy-intensive sectors. With this long-term partner and a strengthened balance sheet, we are well positioned to execute our growth strategy, support digital infrastructure and electricity demand, and create sustainable shareholder value. Develop and Sell Revolve develops large utility scale projects from greenfield to ready-to-build, at which point it sells the development rights to large utilities and independent power producers. Develop, Own & Operate Revolve develops, builds, owns and operates smaller utility scale projects as well as distributed generation projects to generate recurring revenue. This revenue stream supported by a 13 MW operating portfolio. These projects form Revolve's stable platform for future growth based on long-life, contracted renewable energy assets. The Company also announces the grant of Deferred Share Units ("DSUs") to Company directors effective February 24, 2026. A total of 926,702 DSUs have been granted under the Company's Deferred Share Unit Plan adopted on July 6, 2022. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases their position with the Company. The DSUs vest one year from the date of grant. 418,077 were granted at a price of C$0.23 per share and 508,625 were granted at a price of $0.19 per share for the second quarter (Q2, 2026). The Company issues DSUs at the end of each quarter in lieu of cash director's fees to preserve working capital for project development initiatives. For further information contact: Myke Clark, CEO [email protected] 778-372-8499 About Revolve Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. Revolve also installs and operates sub 20 megawatt (" MW ") "behind the meter" distributed generation (or " DG ") assets. Revolve's portfolio includes the following: Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects. Forward Looking Information The forward-looking statements contained in this news release constitute ‘‘forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward- looking statements contain these identifying words. Forward looking statements in this press release include statements with respect to the Company's business objectives and project development goals, including the planned use of proceeds under the Credit Agreement; expectations that the Credit Agreement will support the advancement of the Company's development pipeline, potential acquisition activity, and broader growth initiatives; expectations regarding the anticipated impact of the reconstituted Board; and expectations relating to the Company's capital markets strategy. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management's expectations include: the receipt of applicable regulatory approvals; the absence of material adverse regulatory decisions being received and the expectation of regulatory stability; the absence of any material equipment breakdown or failure; availability of financing on commercially reasonable terms and the stability of credit ratings of the Company and its subsidiaries; the absence of unexpected material liabilities or uninsured losses; the continued availability of commodity supplies and stability of commodity prices; the absence of interest rate increases or significant currency exchange rate fluctuations; the absence of significant operational, financial or supply chain disruptions or liability, including relating to import controls and tariffs; the continued ability to maintain systems and facilities to ensure their continued performance; the absence of a severe and prolonged downturn in general economic, credit, social or market conditions; the successful and timely development and construction of new projects; the absence of capital project or financing cost overruns; sufficient liquidity and capital resources; the continuation of long term weather patterns and trends; the absence of significant counterparty defaults; the continued competitiveness of electricity pricing when compared with alternative sources of energy; the realization of the anticipated benefits of the Company's acquisitions and joint ventures; the absence of a change in applicable laws, political conditions, public policies and directions by governments, materially negatively affecting the Company; the ability to obtain and maintain licenses and permits; maintenance of adequate insurance coverage; the absence of material fluctuations in market energy prices; the absence of material disputes with taxation authorities or changes to applicable tax laws; continued maintenance of information technology infrastructure and the absence of a material breach of cybersecurity; the successful implementation of new information technology systems and infrastructure; favourable relations with external stakeholders; our ability to retain key personnel; our ability to maintain and expand distribution capabilities; and our ability to continue investing in infrastructure to support our growth. Risks and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, without limitation: the risk that required corporate, shareholder and regulatory approvals are delayed or not obtained; the risk that the Company is unable to draw additional amounts under Tranche A or that Tranche B is not made available or is made available later than anticipated; the risk that the Company's planned use of proceeds changes; the risk that the anticipated benefits of the convertible loan under the Credit Agreement are not realized; risks relating to the Company's ability to develop and advance its renewable energy projects (including permitting, interconnection, construction, supply chain and cost inflation risks); risks relating to acquisitions (including the ability to identify, negotiate and complete acquisitions on acceptable terms); and general market, economic, interest rate, foreign exchange, and industry conditions. Additional risks and uncertainties are described in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca . There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required by law. Such statements and information reflect the current view of the Company. By their nature, forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any time except as required in accordance with applicable laws. "The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release." SOURCE: Revolve Renewable Power Corp. 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