Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ________________________________________ (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT ...

MONTREAL, April 15, 2025 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9:30 a.m. Financial analysts and investors are invited to attend a conference call during which the financial results will be presented. Date and time Wednesday, May 14, 2025, at 9:30 a.m. ET To attend the conference Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2To attend the event by phone: C ...

For more information, please visit the Limekiln Wind Farm page on our website. Boralex accelerates its development in the United Kingdom The operation of Limekiln Wind Farm comes at a time of strong growth for Boralex in the UK. Since 2023, the Company has expanded its team from 10 to 23 renewable energy professionals and aims to recruit more than a dozen new employees by the end of the year in all departments. Two major milestones were reached in the past year, with the closing of financing and the signing ...

Core Insights - The successful closing of a US$100 million syndicated loan for Empresa Generadora de Electricidad Haina (EGE Haina) highlights the commitment of Banco Latinoamericano de Comercio Exterior (Bladex) and Scotiabank to support the energy transition and sustainable development in the Dominican Republic [2][4] Group 1: Loan Details and Purpose - The syndicated loan adheres to the Green Loan Principles (GLP) and aims to support EGE Haina in developing its renewable energy assets platform, aligning with the national goal of increasing renewable energy in the Dominican Republic's energy matrix [1][3][6] - EGE Haina plans to use the proceeds from the loan to enhance its growth strategy focused on renewable energy generation [3][5] Group 2: Company Profiles - EGE Haina is a leading electricity generator in the Dominican Republic, with over US$1.6 billion invested in a diversified and sustainable electricity generation matrix, boasting an installed capacity of more than 1,200 MW [10] - Bladex, founded in 1979, promotes trade finance and economic integration in Latin America and the Caribbean, providing financial solutions across the region [7] - Scotiabank, with assets of approximately US$1.4 trillion, aims to be a trusted financial partner and deliver sustainable growth [9]

PANAMA CITY, March 12, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announces the successful closing of a USD 200 million syndicated loan in partnership with Banco Agrícola S.A. (a Grupo Bancolombia company) for Inversiones CrediQ Business, S.A. and its subsidiaries in Costa Rica, El Salvador, and Guatemala. (PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)) This is the second syndicated loan led by Bladex for CrediQ. It consolidates a relationshi ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Start Time: 10:00 January 1, 0000 10:55 AM ET Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Q4 2024 Earnings Conference Call February 28, 2025, 10:00 AM ET Company Participants Jorge Salas - CEO Ana Graciela de Mendez - EVP and CFO Annette van Hoorde - SVP, Funding and Asset-Liability Management Eduardo Vivone - EVP, Treasury and Capital Markets Samuel Canineu - Chief Commercial Officer, Brazil Conference Call Participants Ricardo Buchpiguel - BTG Daniel Mora - Credicorp Capital Operator Good ...

Financial Data and Key Metrics Changes - In 2024, the company achieved a record annual net income of $206 million, a 24% increase from the previous year, with a return on equity of 16.2%, up from 14.7% in 2023 [19][11] - The commercial portfolio grew by 18%, reaching $10 billion, while deposits increased by 23% for year-end closing balances and 33% in average balances for the year [7][8] - The net interest income for the year reached $259 million, an 11% increase from the prior year, with a stable net interest margin of 2.47% [34][10] Business Line Data and Key Metrics Changes - The credit portfolio stood at approximately $11.2 billion, reflecting an 18% increase year-over-year, driven by a loan growth of $1.2 billion or 16% [24][22] - Fee income reached unprecedented levels, growing by 37% compared to the previous year, with letters of credit fees totaling $26.5 million for the year, up 24% year-over-year [35][36] - The efficiency ratio improved to 26.5% in 2024, compared to 27.2% in 2023, despite increased expenses related to strategic initiatives [41][42] Market Data and Key Metrics Changes - The company noted strong growth in Brazil, the Dominican Republic, and Guatemala, reflecting robust expansion and diversification [7] - The deposit base closed at $5.4 billion at year-end, representing 54% of total financial liabilities, with significant increases from corporate clients [26][28] - The company executed its largest syndicated loan to date, a $400 million facility, and remained active in the debt capital markets, particularly in Mexico [28][29] Company Strategy and Development Direction - The company is currently in the second phase of its five-year strategic plan, focusing on expanding its product offerings and deploying technological platforms [15][17] - The trade finance platform is 56% complete and expected to launch in the second half of the year, aimed at enhancing transaction processing capabilities [16] - The company anticipates a commercial portfolio growth of 10% to 12% for 2025, with average deposits expected to increase by 15% to 17% [50] Management's Comments on Operating Environment and Future Outlook - Management highlighted the potential negative impact of U.S. immigration policy on remittances and the economic trajectory of Latin America [45][44] - The company expressed confidence in its ability to adapt to new trade dynamics and maintain operational efficiency despite geopolitical uncertainties [49][50] - Projections for 2025 include maintaining an efficiency ratio around 27% and achieving a return on equity between 15% and 16% [51] Other Important Information - The board approved an increase in the quarterly dividend from $0.50 to $0.625 per share, reflecting confidence in the company's earnings trajectory [31][32] - The company recorded no write-offs during the year and recovered $1.4 million from previously written-off credits, indicating strong asset quality [40] Q&A Session Summary Question: Can you comment on NIM contraction estimate for 2025? - Management acknowledged tighter lending spreads and a competitive market environment, with expectations of continued pressure on lending spreads [60][62] Question: What are the potential drivers for the loan structuring syndication business? - Management noted a strong pipeline and historical growth in syndication fees, driven by project finance and infrastructure initiatives [63][64] Question: How do you see the current Trump administration tariffs affecting the outlook? - Management expressed confidence in the resilience of the Mexican portfolio and the ability to adapt to changing trade dynamics [70][71] Question: Why is the guidance for ROE lower for 2026? - Management clarified that the 2026 guidance was based on earlier assumptions of normalized Fed funds rates, but current performance suggests higher profitability potential [76][78] Question: What is the exposure of the loan portfolio to trade with the U.S.? - Management indicated that most exposure is in Mexico, with stress tests showing resilience among low-leverage corporations [81][83] Question: What is the status of the trade finance and treasury platform? - Management confirmed that the platforms will be deployed across all countries of operation, starting with key relationships [82][86]

February 2025 1 Record Perfomance in 2024 ROE FY 16.2% ↓ 83 bps QoQ | ↑153 bps YoY Net Income FY $206M ↓ 3% QoQ |↑ 24% YoY All-Time High Earnings and Strong RoE Commercial Book $10.0 Bn ↑ 4% QoQ |↑ 18% YoY Deposits $5.4 Bn ↓ 4% QoQ |↑ 23% YoY Record Commercial Portfolio and Record Total Deposits NIM FY 2.47% ↓ 11 bps QoQ | ↓ 2 bps YoY Margins Increasing and Robust Asset Quality Net Fees $44.4M ↑ 13% QoQ | ↑ 37% YoY Efficiency Ratio FY 26.5% ↑ 207 bps QoQ | ↓74 bps YoY Stable Fee Income and Operational Effic ...

Core Viewpoint - Boralex Inc. has announced a normal course issuer bid (NCIB) to repurchase up to 8,669,245 Class A shares, representing approximately 10% of the public float, to optimize fund usage and create long-term value for shareholders [1][4]. Group 1: NCIB Details - The NCIB will commence on March 4, 2025, and end no later than March 3, 2026, with a total of 102,766,580 Common Shares outstanding as of February 19, 2025 [1]. - Boralex is permitted to purchase a maximum of 72,088 Common Shares daily, which is 25% of the average daily trading volume of 288,355 Common Shares over the six-month period ending January 31, 2025 [2]. - The shares will be acquired at the prevailing market price, with any purchases under an exemption order being at a discount [1]. Group 2: Automatic Share Purchase Plan (ASPP) - Boralex will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during periods when the company cannot buy its securities due to regulatory restrictions [3]. - The designated broker will make purchases based on pre-set parameters without further instructions from Boralex during blackout periods [3]. Group 3: Strategic Rationale - The company believes its shares are undervalued and the NCIB will enhance shareholder value by increasing equity interest for remaining shareholders when repurchased shares are canceled [4]. - The decision on the timing and size of purchases will depend on various factors, including capital positions, financial performance, and market conditions [5]. Group 4: Company Overview - Boralex is a leader in renewable energy, particularly in onshore wind power, with over 3.1 GW of installed capacity and a project portfolio exceeding 8 GW in development [7]. - The company has been active in the renewable energy sector for over 30 years and is committed to sustainable growth and corporate social responsibility [7].