Revolve Reports FY2025 Financial Results and Significant Progress on Late-stage Development Projects Across North America

Executive Summary

• Revolve Renewable Power Corp. reported FY2025 financial results, showing a 73% increase in recurring revenue to $2.24 M but a decline in total revenue to $3.98 M due to the absence of deferred consideration from prior project sales.
• Net loss for FY2025 was $2.59 M versus net income of $2.60 M in FY2024, reflecting continued investment in late‑stage development projects.
• The company announced several operational milestones: regulatory approval for the 15.7 MW Bright Meadows Solar Project, a new EPC partnership in Mexico, an LOI to acquire a 30 MWp solar project in Canada, and the sale of a 3 MW CHP asset for $1.5 M.

Key Details

• Recurring Revenue: $2,241,357 (↑73% YoY from $1,292,297).
• Total Revenue: $3,983,226 (down from $6,742,297 FY2024) – decline attributed to lack of deferred consideration from ENGIE Bouse & Parker sale.
• Net Loss: $2,590,122 for FY2025 vs. net income of $2,602,510 in FY2024.
• Energy Production: 15,747,489 kWh (↑83% YoY from 8,616,916 kWh).
• Gross Profit: $3,238,341; gross margin 81%; down from $6,386,416 FY2024 due to lower milestone payments.
• Cash & Security Deposits (June 30 2025): $1,950,895.

Business Highlights

• Operating Portfolio: 13 MW of contracted assets generating recurring revenue; benefited from 2024 Windriver Power Corp. acquisition and addition of Colima DG project in Mexico.
• Development Progress: Advanced late‑stage projects – 20 MW Vernal BESS (Utah), 50 MW Primus Wind (Colorado), 15.7 MW Bright Meadows Solar (Alberta).

Transaction & Partnership Updates

• Mexico EPC Partnership (Oct 9 2025): Signed agreement with an experienced Engineer‑Procure‑Construct firm to develop >5 MW of distributed generation for commercial/industrial customers.
• Alberta Utilities Commission Approval (Sept 15 2025): Received Power Plant Approval for Bright Meadows Solar Project (15.7 MW).
• LOI for 30 MWp Canadian Solar Project (Sept 22 2025): Binding LOI signed; pending asset transfer agreement, targeting construction in 2027.
• CHP Asset Sale (Feb 18 2025): Sold 3 MW combined heat & power project for $1.5 M cash; proceeds to be redeployed into higher‑return opportunities.

Shareholder Compensation

• Deferred Share Units (DSUs) Grant: 401,585 DSUs granted to directors on Oct 22 2025 at C$0.23 per share; vest one year from grant date; issued in lieu of cash fees to preserve working capital.

Notable Quotes

“Revolve recorded a 73% increase in recurring revenue … while making key investments in the continued development of our project pipeline.” – Myke Clark, CEO

All amounts are presented in U.S. dollars unless otherwise noted.