Boralex reports higher operating income and the addition of new growth projects in the first quarter of 2026

MONTREAL, May 14, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) is pleased to report its results for the first quarter of fiscal 2026. Highlights Financial results Higher production and operating income in Q1-2026: Production up 12% (8% on a Combined1 basis)2 from Q1-2025, driven by new site commissioning and better wind conditions, and 1% (4%) below anticipated production;1 Operating income of $92 million ($103 million) in Q1-2026, up $27 million ($4 million) from Q1-2025; EBITDA(A)1 of $174 million ($207 million) in Q1-2026, down $2 million (up $8 million) from Q1-2025 owing mainly to a lower contribution from sites held as joint ventures, as well as to lower short-term power purchase agreement prices in France, both of which were almost entirely offset by the impact of new commissioning; Net earnings of $9 million in Q1-2026, down $32 million from Q1-2025, owing mainly to the recognition of non-recurring expenses arising from the definitive agreement for the acquisition of Boralex by Brookfield and La Caisse.