Financial Performance - Record sales of $328.9 million were achieved[13] - Net Profit After Tax (NPAT) reached $29.4 million[13] - Gross profit margin was 69.1%[13] - EBITDA was $87.1 million[13] - Cash and cash equivalents totaled $55.2 million[13] Sales and Trade - Total trade sales exceeded $125 million[15,27,67] - Store trade sales increased by 24%[15,67] - Total online sales increased by 11% and now account for 12.3% of total store sales[70] - Online trade sales increased by 29.3% and now account for 14.3% of direct trade sales[70] - Total trade sales have increased to 40% of all relevant sales[15,67] Operational Highlights - 558 new innovative products were designed and developed[15,64] - The company opened new stores at Port Stephens (NSW), Shepparton (VIC), Chatswood (NSW) and Ballina (NSW)[15,64]

Group 1 - The company continues to grow its regular loan book and off-balance sheet business, including letters of credit and acceptances [1] - The investment approach focuses on operational aspects and long-term earnings power rather than market-driven dynamics [1] - The majority of investment calls are holds, indicating a cautious approach to market conditions and emphasizing the importance of skepticism in a bullish market [1] Group 2 - The analyst has a beneficial long position in the shares of BLX, indicating confidence in the company's performance [2] - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [2]

Core Points - Boralex Inc. has appointed Mr. André Courville as the new Chair of the Board of Directors, succeeding Mr. Alain Rhéaume, who is retiring after 15 years of service [1][2][5] - Mr. Courville has been a member of Boralex's Board since 2019 and will lead the company into a new strategic cycle following the introduction of its 2030 Strategy [2][3] - Alain Rhéaume expressed confidence in Mr. Courville's leadership capabilities, citing his extensive international experience and corporate governance background [3] - Mr. Courville acknowledged the trust placed in him by the Board and emphasized the importance of collaboration with fellow directors to achieve the company's strategic goals [4] - Boralex has been a leader in renewable energy for over 30 years, with a significant increase in installed capacity and ongoing development projects in wind, solar, and storage [7]

Core Viewpoint - Boralex Inc. reported its Q2 2025 results, highlighting a strong project pipeline and ongoing construction activities, despite lower financial performance compared to the previous year [2][4][10]. Financial Results - Q2 2025 EBITDA(A) was $113 million, down 13% from $130 million in Q2 2024, primarily due to lower short-term power purchase contract prices in France [4][10]. - Operating income for Q2 2025 was $34 million, a slight decrease from $35 million in Q2 2024 [4][10]. - The company reported a net loss of $4 million in Q2 2025, compared to net earnings of $17 million in Q2 2024, marking a $21 million decline [4][10]. - Power production increased by 14% to 1,505 GWh in Q2 2025, but was 2% below anticipated production due to poor wind conditions [4][9]. Update on Development and Construction Activities - Boralex added new development-stage projects, including the Apuiat wind project in Québec, expected to be commissioned in September 2025 [2][4]. - The company secured contracts for two solar projects in New York State with a total capacity of 450 MW, marking a significant milestone [2][4]. - Ongoing construction includes the Hagersville (300 MW) and Tilbury (80 MW) storage projects in Ontario, with commissioning planned for Q4 2025 [4][10]. Outlook - Boralex's 2030 Strategy aims to double installed capacity with $8 billion in investments, focusing on growth, efficiency, and long-term value creation [3][16]. - The company is preparing high-quality projects for upcoming tenders in France, Ontario, and the UK [3][17]. Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.1650 per common share, payable on September 15, 2025 [18]. Corporate Social Responsibility - Boralex was recognized as Canada's Best Corporate Citizen, emphasizing its commitment to sustainable development as a core part of its business strategy [6][20].

Core Points - Boralex Inc. announces the departure of Bruno Guilmette, Executive Vice President and Chief Financial Officer, who will leave the company on September 12, 2025, after nearly seven years [1][2] - Guilmette has been instrumental in Boralex's financial growth, helping the company double in size and implement a strategic plan during his tenure [2][4] - Stéphane Milot, Vice President of Investor Relations and Financial Planning, will take over as CFO starting September 13, 2025, ensuring business continuity [3][5] - The company is currently in the process of recruiting a permanent replacement for the CFO position, focusing on strong leadership to maintain financial discipline and growth momentum [6] Company Performance - Under Guilmette's leadership, Boralex completed significant transactions, including the sale of a 30% stake in its operating assets and development projects in France [2] - The company has established a solid and diversified financial structure, which is crucial for executing its new 2030 Strategy [2][4] - Boralex's installed capacity has increased by over 50% to 3.2 GW in the past five years, with ongoing projects totaling 8.2 GW in wind, solar, and storage [9]

Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [4] - The company has facilities in the United States and is developing projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has increased by more than 50% to 3.2 GW [4] - The company is developing a portfolio of projects exceeding 8 GW in wind, solar, and storage, guided by corporate social responsibility values [4] - Boralex has been recognized as the Best Corporate Citizen in Canada by Corporate Knights and is actively participating in the fight against global warming [4] - Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [4] Upcoming Financial Results - Boralex will release its 2025 second quarter results on August 8, 2025, at 7 a.m. ET [3] - A conference call will be held on the same day at 11 a.m. ET for financial analysts and investors to discuss the results [1][2] - The conference will be available via a webcast and a full replay will be accessible on Boralex's website until August 8, 2026 [3]

Financial Data and Key Metrics Changes - The second quarter of 2025 marked one of the strongest quarters in the bank's history, with record net income of $64,200,000, up 24% from the first quarter and 28% year over year [9][27] - The commercial portfolio grew to $10,800,000,000, reflecting a 1% increase quarter over quarter and an 18% increase year over year [4][10] - Net interest income totaled nearly $68,000,000, up 4% from the previous quarter and 8% year over year, with a net interest margin of 2.36% [6][20] - The efficiency ratio improved to 23.1%, a 380 basis point gain versus the prior quarter [9][26] - Return on equity reached 18.5%, the highest quarterly ROE in over two decades [9][27] Business Line Data and Key Metrics Changes - The off-balance sheet business rose 11% quarter over quarter and 25% year over year, indicating strong demand across all segments [10] - Fee income stood at $20,000,000 for the quarter, up 88% quarter over quarter and 59% year over year, largely driven by a significant structured transaction [6][22] - The loan portfolio closed at $8,600,000,000, up 16% year over year, with average balances higher than the first quarter [10][12] Market Data and Key Metrics Changes - Deposits increased to $6,400,000,000, up 10% quarter over quarter and 23% year over year, now representing 62% of total funding [5][14] - The investment portfolio increased by 8% quarter over quarter and 20% year over year, reaching just over $1,300,000,000 [12] Company Strategy and Development Direction - The company is focused on executing high-impact deals that align with its risk appetite and mission, particularly in trade finance and structured lending [8][11] - A new digital platform for trade finance operations has been fully implemented, enhancing efficiency and client experience [34][36] - The company aims to diversify its funding base and maintain a robust capital position while supporting portfolio growth [17][19] Management's Comments on Operating Environment and Future Outlook - The macro environment remains complex, with trade tensions and geopolitical risks contributing to market volatility [30][31] - Latin America's fundamentals remain solid, with expectations for growth in several economies despite fiscal vulnerabilities [32][33] - The company is optimistic about the second half of the year, reaffirming its full-year guidance based on strong pipeline and operational performance [38] Other Important Information - The company issued a local bond in the Mexican market for MXN 4,000 million, which was oversubscribed, confirming strong demand from local investors [17] - Total assets reached $12,700,000,000, up 2% quarter over quarter and 16% year over year [12] Q&A Session Summary Question: What drove the strong performance in syndication fees and expectations for the future? - Management noted that the record results included a significant one-off transaction, but even without it, the quarter would have been record-breaking [41] Question: How does the competitive environment look for spreads and NIM? - The market remains liquid and competitive, with expectations for stabilization in short-term margins and potential upside depending on trade conditions [45] Question: Will there be an increase in fees from the new letters of credit platform? - The new platform is expected to significantly increase transactional volume and margins, with a focus on processing smaller transactions efficiently [52] Question: How is the current uncertainty in global trade impacting loan demand? - Management indicated that there has not been a significant impact on volume or pricing, and the region continues to prepare for rerouting exports [54]

Financial Performance Highlights - Net income reached $64.2 million, up 24% QoQ and 28% YoY[2] - Return on Equity (ROE) hit 18.5%, a 303 Bps increase QoQ and 222 Bps YoY[2] - Efficiency Ratio improved to 23.1%, down 380 Bps QoQ and 116 Bps YoY[2] Portfolio and Deposit Growth - Commercial portfolio reached $10.8 billion, up 1% QoQ and 18% YoY[2] - Total deposits reached $6.4 billion, up 10% QoQ and 23% YoY[2] - Deposits composition: Corporations 37%, Financial Institutions 21%, Central Banks or designees 12%, Class A shareholders 25%, Brokers 5%, Multilateral 15%[15] Asset Quality and Credit Risk - Non-Performing Loans (NPLs) stood at 0.15%, up 1 Bps QoQ and 6 Bps YoY[2] - Stage 1 exposure represents 97.9% of the total credit portfolio, amounting to $11.923 billion[8] - Total Allowance for Credit Losses to Impaired Credits is 20%[7,8] Margins and Fees - Net Interest Margin (NIM) remained steady at 2.36% QoQ, but decreased 7 Bps YoY[2] - Net fees reached $19.9 million, up 88% QoQ and 59% YoY[2] Capitalization and Dividends - Common Equity Tier 1 (CET1) ratio stood at 150%[19] - Dividend payout ratio is 36%[20] Portfolio Diversification - Loans represent 71% of the credit portfolio, Contingencies 17%, Investment Portfolio 11%[4] - Investment Grade represents 86% of the Investment Portfolio[4] Guidance - Commercial Portfolio Growth: 10% - 12%[42] - Average Deposit Growth: 15% - 17%[42] - NIM: ~2.30%[42] - Efficiency Ratio: ~27%[42] - ROE: 15% - 16%[42] - CET1: 15% - 16%[42]

Financial Performance - Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) reported a net profit of $64.2 million for 2Q25, representing a 28% year-over-year increase, and $115.9 million for 6M25, a 14% increase year-over-year [5] - Net Interest Income (NII) reached a record-high of $67.7 million in 2Q25 (+8% YoY) and $133.0 million in 6M25 (+6% YoY), driven by higher average business volumes and margin stability [5] - Total revenues for 2Q25 were $90.0 million, up from $75.0 million in 2Q24, and $168.0 million for 6M25, compared to $147.6 million for 6M24 [4][5] Efficiency and Profitability - The Bank's Efficiency Ratio improved to 23.1% for 2Q25 and 24.9% for 6M25, as revenue growth outpaced ongoing investments in technology and modernization [5] - Annualized Return on Equity (ROE) increased to 18.5% in 2Q25 (+222bps YoY) and 17.0% in 6M25 (+47bps YoY), reflecting stronger income growth and effective strategy execution [5][6] Credit and Asset Quality - The Credit Portfolio reached an all-time high of $12,182 million as of June 30, 2025, an 18% increase year-over-year, with the Commercial Portfolio also peaking at $10,819 million [5][6] - The Bank maintained healthy asset quality, with 97.9% of the credit portfolio classified as low risk or Stage 1, and impaired credits totaling only $19 million, or 0.2% of the total Credit Portfolio [5][6] Liquidity and Capital Adequacy - Bladex reported a strong liquidity position of $1,959 million, representing 15.5% of total assets, primarily consisting of deposits with the Federal Reserve Bank of New York [5][6] - The Bank's Tier 1 Capital and Regulatory Capital Adequacy Ratios stood at 15.0% and 13.9%, respectively, indicating strong earnings generation within the Bank's risk appetite [5][6] Recent Developments - Moody's, S&P, and Fitch Ratings affirmed Bladex's credit ratings, with stable outlooks, reflecting the Bank's solid financial position and credit quality [7][8]

PANAMA CITY, Aug. 4, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.625 per share corresponding to the second quarter of 2025.The cash dividend is payable September 3, 2025 to the Bank's stockholders as of August 15, 2025 record date.As of June 30, 2025, Bladex had 37,231,194.86 shares outstanding of all classes.Bladex, a multinational bank originally established by the cent ...