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What does it mean to invest in Boralex?

01.

Diversified and high-quality portfolio of projects in development and growth path  

Boralex aims to diversify geographically through its target markets with high growth potential and to diversify technologically by focusing on solar energy and storage in its development, in line with its strategic objectives.  

Our Growth Strategy

02.

A profitable growth with limited risks  

Growth in installed capacity, supported by a pipeline of projects in development and Growth path, generates predictable revenues through feed-in premium and power purchase agreement contracts. This translates into higher operating income and EBITDA(A)1 as capacity increases. Boralex has also put in place several initiatives to optimize its overall operations to increase operating income and EBITDA(A).

(1) EBITDA(A) is a total of segment financial measures.

Our Q2-2025 Financial Results

03.

A strategy underpinned by a strong balance sheet 

  • Boralex has $347 million in cash and cash equivalents and $689 million in available cash resources and authorized financing1 as at June 30, 2025. 
  • Additional flexibility expected in coming quarters thanks to an adaptable innovative debt financing optimizing capital structure and cash flow generation. 

(1) Available cash resources and authorized financing are non-GAAP financial measures and do not have a standardized meaning under IFRS. Accordingly, they may not be comparable to similarly named measures used by other companies.

Investor Presentation

04. 

And an impact investment  

The markets are clear: the carbon footprint of a portfolio is increasingly important to investors. This is why we have built a Corporate Social Responsibility (CSR) strategy based on transparency and strong governance, and why our approach is based on the priorities of our internal and external stakeholders, including our investors and financial analysts.  

Our growth strategy is directly linked to our Environmental, Social and Governance (ESG) actions. In fact, Boralex was named Best Corporate Citizen in Canada by Corporate Knights. 

Investing in Boralex means participating in the growth of a renewable energy company that goes far beyond its industry in terms of sustainable development.  

Our CSR commitments, approach and results 

Quarterly dividends on common shares

Dividend Table as at Q2-2025

Financial Coverage  

  • Banque Nationale - Ruper Merer 
  • BMO - Ben Pham 
  • CIBC - Mark Jarvi 
  • Cormark - Nicholas Boychuk 
  • Desjardins - Brent Stadler 
  • Peters & Co - Ken Chmela 
  • Raymond James - David Quezeda 
  • RBC - Nelson NG 
  • Scotiabank - Robert Hope 
  • TD - Sean Steuart 

The above list is provided for information purposes only. Any opinions, estimates or forecasts regarding Boralex’s performance provided by these analysts are theirs alone and do not represent those of Boralex or its management. 

Our team

Photo de Stéphane Milot, souriant

Stéphane Milot

Stéphane Milot
Vice-President, Investor Relations

stephane.milot@boralex.com

514 213-1045

Coline Desurmont

Coline Desurmont
Director, Financial Analysis and Investor Relations

coline.desurmont@boralex.com

33 7 85 37 75 10

Photo de Camille Laventure souriante portant un veston noir et une chemise beige.

Camille Laventure

Camille Laventure
Senior Advisor, Public Affairs and External Communications

camille.laventure@boralex.com

438 883-8580