Philippe Bonin Photo of Philippe Bonin. MONTREAL, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the appointment of Philippe Bonin as Executive Vice President and Chief Financial Officer, effective March 16, 2026. In this role, Mr. Bonin will bring his extensive experience to support the delivery of the 2030 Strategic Plan. Mr. Bonin’s appointment follows a rigorous selection process. Stéphane Milot, who has served as Interim Chief Financial ...

Core Insights - Boralex Inc. reported improved financial results for Q4 2025, driven by favorable wind conditions and new project commissioning, although overall annual results declined due to lower short-term electricity contract production [6][7][12]. Financial Results - Q4 2025 power production increased by 18% to 1,800 GWh compared to Q4 2024, while annual production rose by 8% to 6,147 GWh [7][17]. - Revenues from energy sales and feed-in premiums for Q4 2025 reached $241 million, a 6% increase from Q4 2024, while annual revenues decreased by 3% to $796 million [13][17]. - Operating income for Q4 2025 was $68 million, down from $78 million in Q4 2024, and annual operating income decreased to $166 million from $226 million [7][18]. - EBITDA(A) for Q4 2025 was $178 million, up 6% from Q4 2024, while annual EBITDA(A) fell to $552 million from $581 million [7][18]. - Net earnings for Q4 2025 were $26 million, compared to a net loss of $2 million in Q4 2024, while annual net earnings decreased to $33 million from $74 million [7][18]. Development and Construction Activities - Boralex commissioned six new projects in 2025, increasing installed capacity to 3,783 MW, including the Limekiln wind farm in the UK and several battery energy storage systems [6][7]. - Projects totaling 688 MW moved to the secured stage, including solar and battery energy storage projects in the US, Canada, and the UK [7]. - The company secured ministerial approval for the Clashindarroch wind farm extension and a contract for difference for the Sallachy wind farm in the UK [7]. Strategic Outlook - Boralex's 2030 Strategic Plan aims to double installed capacity by 2030 with a focus on growth, diversification, and long-term value creation, supported by $8 billion in investments [19]. - The company continues to expand its portfolio in response to sustained demand for renewable energy, participating in various tender calls in key markets [8][19]. Dividend Declaration - The Board of Directors announced a quarterly dividend of $0.1650 per common share, payable on March 16, 2026 [20]. Corporate Recognition - Boralex received multiple awards in 2025 for its commitment to social responsibility and energy transition, including recognition as one of the best corporate citizens in Canada [9].

HAGERSVILLE, Ontario, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex”) (TSX: BLX) and Six Nations of the Grand River Development Corporation (SNGRDC) announce the commercial commissioning of the Hagersville Battery Energy Storage Park, the largest operating battery energy storage facility in Canada. With a capacity of 300 MW / 1,200 MWh, the landmark project represents a significant milestone in Ontario’s energy transition and positions SNGRDC and Boralex as leaders in large-scale storage solution ...

Core Insights - Boralex Inc. will release its fourth quarter results for 2025 on February 27, 2026, at 11 a.m. ET, with a conference call for financial analysts and investors [1][2] Group 1: Financial Results Announcement - The financial results will be presented during a conference call, and interested parties can attend via a webcast or phone registration [2][3] - A press release with financial information will be available on Boralex's website on February 27, 2026, at 7 a.m. [3] Group 2: Company Overview - Boralex has been a leader in providing affordable renewable energy for over 35 years, with a significant presence in Canada and France as the largest independent producer of onshore wind power [4] - The company's installed capacity has increased by over 50% in the past five years, reaching 3,403 MW as of now, following the commissioning of a new 100 MW wind farm [4] - Boralex is developing a portfolio of projects totaling 8 GW in wind, solar, and storage, emphasizing corporate social responsibility and sustainability [4]

Core Insights - Banco Latinoamericano de Comercio Exterior (BLADEx) reported a strong performance in 2025, achieving record results for the fourth consecutive year, driven by double-digit portfolio growth and a shift towards fee-based income despite a declining interest-rate environment [4][7]. Financial Performance - The bank's net income for 2025 was $227 million, reflecting a 10% year-over-year increase, with a return on equity (ROE) of 15.4% and an adjusted ROE of 15.8% [3][7]. - In Q4, the bank generated $56 million in net income, described as one of the strongest quarters in its history, supported by interest and fee income [2][7]. Portfolio and Growth - The total credit portfolio grew by 12% to $12.6 billion, with approximately $800 million in loan growth (10%) and a 21% increase in contingent business [1][6]. - Management targets a commercial portfolio growth of 13-15% for 2026, with net interest margin (NIM) expected around 2.3% and ROE between 14% and 15% [5][17]. Income Sources - Net interest income rose by 5% year-over-year, reaching a record level, while non-interest income surged by 54%, now accounting for approximately 19-20% of total revenue [5][13]. - The bank's fee-generating activities, particularly in trade finance and structuring, contributed significantly to non-interest income, with fees from letters of credit and guarantees totaling $31.8 million in 2025 [13][18]. Asset Quality and Capital Management - Asset quality remained strong, with Stage 1 exposures at 98.2% of the credit portfolio and a total allowance for credit losses of $107 million, representing 276% of impaired credits [15][16]. - The bank's capital structure was strengthened through its first AT1 issuance in September 2025, with a Tier 1 capital ratio of 17.4% and a regulatory capital adequacy ratio of 15.5% [16][17]. Funding and Deposits - Deposits increased by 22% year-over-year, representing 62% of total funding, supported by a $1.5 billion Yankee CD program [6][8]. - The bank's funding sources were diversified through transactions such as a Costa Rican colones issuance and a $150 million global syndicated loan [9].

Financial Data and Key Metrics Changes - In 2025, the company achieved record net income of $227 million, up 10% year-over-year, with an adjusted return on equity (ROE) of 15.8% [8][9] - Net interest income reached another record, increasing by 5% year-over-year, with a net interest margin (NIM) of 2.36%, slightly above guidance [4][25] - Non-interest income grew 54% year-over-year, now representing 20% of total revenues, up from 13% four years ago [5][26] Business Line Data and Key Metrics Changes - The commercial portfolio grew 11.5% year-over-year, driven by a solid expansion in the loan book and a contingent portfolio increase of over 20% [3][11] - Loan growth was led by Guatemala, Colombia, Mexico, the Dominican Republic, and Argentina, reflecting selective origination in attractive risk-adjusted opportunities [3][12] - Non-interest income from letters of credit increased by 20% year-over-year, while syndication fees rose more than 70% [5][27] Market Data and Key Metrics Changes - The investment portfolio totaled $1.4 billion, representing a 19% increase year-over-year, with approximately 91% investment-grade exposure [15] - Total liquidity closed the quarter at $1.9 billion, representing about 15% of total assets, with 91% placed with the Federal Reserve [15][19] Company Strategy and Development Direction - The company aims to transition into a more transactional trade banking platform for Latin America, focusing on scalability and capturing trade flows [34][35] - The 2026 guidance reflects a disciplined approach to profitable growth, with expectations for commercial portfolio growth between 13% and 15% [36] Management's Comments on Operating Environment and Future Outlook - The macro environment remains uncertain, with expectations of gradual easing and potential rate cuts in 2026 [32][33] - Latin America is expected to experience growth supported by easing cycles and recovery in consumption and investment, despite potential volatility from elections [33] Other Important Information - The efficiency ratio closed at 26.7%, reflecting ongoing cost discipline while investing in strategic initiatives [30] - The board approved an increase in quarterly cash dividends to $0.6875 per share, representing a 46% payout of fourth-quarter earnings [23] Q&A Session Summary Question: Clarification on ROE guidance - The guidance is for adjusted ROE, excluding the impact of additional Tier 1 capital issued [39] Question: Expectations for non-interest income in 2026 - Guidance for 2026 in terms of fee income will be around what was seen in 2025, targeting between 18% and 20% growth [40] Question: Impact of portfolio duration on NIM - The record NIM in 2025 was influenced by medium-term transactions and efficient liquidity management, with expectations for stability in 2026 [41][43] Question: Contribution of market growth vs. market share gains to portfolio growth - The growth in 2025 was well-balanced, with specific countries like Guatemala showing higher demand, but overall market share is not a primary focus [46][49] Question: Countries driving loan growth and those with high competitive pressures - Growth is expected to be balanced across regions, with concerns in Colombia and Brazil due to fiscal situations and potential defaults [61][62]

Financial Data and Key Metrics Changes - In 2025, the company achieved record net income of $227 million, up 10% year-over-year, with an adjusted return on equity (ROE) of 15.8% [8][9] - Net interest income reached another record, increasing by 5% year-over-year, with a net interest margin (NIM) of 2.36%, slightly above guidance [4][25] - Non-interest income grew 54% year-over-year, now representing 20% of total revenues, up from 13% four years ago [5][26] Business Line Data and Key Metrics Changes - The commercial portfolio grew 11.5% year-over-year, driven by a solid expansion in the loan book and a contingent portfolio increase of over 20% [3][11] - Loan growth was led by Guatemala, Colombia, Mexico, the Dominican Republic, and Argentina, reflecting selective origination in attractive risk-adjusted opportunities [3][12] - Non-interest income from letters of credit increased by 20% year-over-year, while syndication fees rose more than 70% [5][26] Market Data and Key Metrics Changes - The investment portfolio totaled $1.4 billion, representing a 19% increase year-over-year, with approximately 91% investment-grade exposure [15] - Total liquidity closed the quarter at $1.9 billion, representing about 15% of total assets, with 91% of liquidity placed with the Federal Reserve [15] Company Strategy and Development Direction - The company aims to transition into a more transactional trade banking platform for Latin America, focusing on scalability and capturing trade flows [34][35] - The 2026 guidance reflects a disciplined approach to profitable growth, with expectations for commercial portfolio growth between 13% and 15% [36] Management's Comments on Operating Environment and Future Outlook - The macro environment remains uncertain, with expectations of two additional rate cuts in 2026, but the company anticipates continued growth supported by a resilient Latin American market [32][33] - The company is well-positioned to expand the loan book without altering its credit risk profile, focusing on prudent capital management [14] Other Important Information - The efficiency ratio closed at 26.7%, reflecting ongoing cost discipline while investing in strategic initiatives [30] - The board approved an increase in quarterly cash dividends to $0.6875 per share, representing a 46% payout of fourth-quarter earnings [23] Q&A Session Summary Question: Clarification on ROE guidance - The guidance is for adjusted ROE, excluding the impact of additional Tier 1 capital issued in September [39] Question: Expectations for non-interest income in 2026 - Fee income is expected to be around what was seen in 2025, with nominal growth but similar relative performance due to one-off transactions in 2025 [40] Question: Impact of portfolio duration on NIM - The record NIM in 2025 was influenced by medium-term transactions and efficient liquidity management, with expectations for stability in 2026 [41][43] Question: Portfolio growth guidance breakdown - The growth is expected to be well-balanced across regions, with specific opportunities in Guatemala and Argentina, while monitoring risks in Colombia and Brazil [60][61]

Financial Data and Key Metrics Changes - In 2025, the company achieved record net income of $227 million, up 10% year-over-year, with an adjusted return on equity (ROE) of 15.8% [8][9] - Net interest income reached another record, increasing by 5% year-over-year, with a net interest margin (NIM) of 2.36%, slightly above guidance [4][25] - Non-interest income grew 54% year-over-year, now representing 20% of total revenues, up from 13% four years ago [5][26] Business Line Data and Key Metrics Changes - The commercial portfolio grew 11.5% year-over-year, driven by a solid expansion in the loan book and a contingent portfolio increase of over 20% [3][11] - Loan growth was led by Guatemala, Colombia, Mexico, the Dominican Republic, and Argentina, reflecting selective origination in attractive risk-adjusted opportunities [3][12] - Non-interest income from letters of credit increased by 20% year-over-year, while syndication fees rose more than 70% [5][27] Market Data and Key Metrics Changes - The investment portfolio totaled $1.4 billion, representing a 19% increase year-over-year, with approximately 91% investment-grade exposure [14][15] - Total liquidity closed the quarter at $1.9 billion, representing about 15% of total assets, with 91% of liquidity placed with the Federal Reserve [15][19] Company Strategy and Development Direction - The company aims to transition into a more transactional trade banking platform for Latin America, focusing on scalability and capturing trade flows across the region [34][35] - The 2026 guidance reflects a disciplined approach to profitable growth, with expectations of commercial portfolio growth between 13% and 15% [36] Management's Comments on Operating Environment and Future Outlook - The macro environment remains uncertain, with expectations of additional rate cuts and ongoing spread compression in the region [32][36] - The company anticipates that regional growth will converge towards potential, supported by easing cycles and recovery in consumption and investment [33] Other Important Information - The efficiency ratio closed at 26.7%, reflecting ongoing cost discipline while investing in strategic initiatives [30] - The board approved an increase in quarterly cash dividends to $0.6875 per share, representing a 46% payout of fourth-quarter earnings [23] Q&A Session Summary Question: Clarification on ROE guidance - The guidance is for adjusted ROE, excluding the impact of additional Tier 1 capital issued [39] Question: Expectations for non-interest income in 2026 - Guidance for 2026 in terms of fee income will be around what was seen in 2025, targeting between 18% and 20% [40] Question: Impact of portfolio duration on NIM - The record NIM in 2025 was influenced by medium-term transactions and efficient liquidity management, with expectations of stability in 2026 [42][44] Question: Contribution of market growth vs. market share gains to portfolio growth - The growth in 2025 was well-balanced, with specific countries like Guatemala showing higher demand, while market share is not a primary focus [46][49] Question: Countries driving loan growth and those with high competitive pressures - Growth is expected to be balanced across various countries, with concerns in Colombia and Brazil due to fiscal situations and potential defaults [58][61]

FEBRUARY 2026 4Q25 Earnings Results Our 2025 Guidance was right on target CET1 Commercial Portfolio Growth Average Deposit Growth NIM Efficiency Ratio ROE 11% 15% 2.36% 26.7% 15.8% 15.3% 10% 12% 15% 17% 2.25% 2.35% 26% 28% 15% 16% 15% 16% ✓ ✓ ✓ ✓ ✓ ✓ 2 Real vs Guidance 2025 Key Results: Solid Performance in 2025 Record Earnings and RoE Record Commercial Portfolio and Strong Deposit Growth Robust Margins and healthy Asset Quality Record Non - Interest Income and Efficiency Commercial Book $11.2 Bn ↑ 11% YoY ...

Core Viewpoint - Bladex has announced an increase in its quarterly cash dividend to $0.6875 per share, reflecting a strong financial performance in 2025 and a commitment to shareholder returns [1][1]. Financial Performance - The new quarterly dividend represents 46% of Bladex's net income for the fourth quarter of 2025 [1]. - Bladex reported net profits of $56.0 million or $1.50 per share in the fourth quarter of 2025, and $226.9 million or $6.11 per share for the entire year [1][1]. Company Background - Bladex is a multinational bank established by the central banks of Latin American and Caribbean countries, with operations starting in 1979 [1]. - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the United States [1]. - Bladex has been listed on the NYSE since 1992, with shareholders including central banks, state-owned banks, commercial banks, and institutional and retail investors [1].