RENOVA ( (REOVF) ) has released its Q1 earnings. Here is a breakdown of the information RENOVA presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
RENOVA, Inc. is a Tokyo-based company operating in the renewable energy sector, focusing on the generation and development of renewable energy power plants, including solar, biomass, and onshore wind facilities.
In its latest earnings report for the three months ending June 30, 2025, RENOVA, Inc. showcased a significant increase in revenue and profits, with a notable year-on-year revenue growth of 35.4% and a substantial rise in operating profit by 477.3%.
Key financial highlights include a revenue of 20,527 million yen and an EBITDA of 8,617 million yen, marking a 64.1% increase from the previous year. The company also reported a profit before income taxes of 1,741 million yen, a remarkable 769% increase compared to the same period last year. Despite these positive figures, RENOVA experienced a decrease in total comprehensive income, reporting a loss of 11,486 million yen, primarily due to changes in cash flow hedges and foreign exchange differences.
Looking ahead, RENOVA, Inc. remains optimistic about its growth trajectory, with a forecasted revenue of 90,500 million yen for the fiscal year ending March 31, 2026, representing a 28.8% increase from the previous year. The company continues to focus on expanding its renewable energy portfolio and enhancing operational efficiencies to drive future growth.