RE Royalties Reports Strong Revenue Growth in FY2023

Re Royalties Ltd. (TSE:RE) has released an update.

RE Royalties Ltd., a renewable energy royalty financing firm, has reported a significant increase in its fiscal 2023 year-end results, with revenue and income more than doubling to $9.8 million and gross profit soaring by 116% to $9.5 million, despite a net loss after tax of $1.8 million due to higher finance expenses and provisions for credit losses. The company also highlighted new agreements, including a notable transaction supporting Revolve Renewable Power Corp’s acquisition of renewable energy projects with long-term PPAs, enhancing its investment portfolio and revenue streams.

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