Board Change • Oct 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CEO & Director of Jade Power Administrator Inc. David Barclay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
Jade Power Trust, Annual General Meeting, Dec 08, 2025 Jade Power Trust, Annual General Meeting, Dec 08, 2025. Announcement • Sep 25
Jade Power Trust announced that it has received CAD 0.5 million in funding Jade Power Trust announced a non-brokered private placement to issue 6,666,666 units at a price of CAD 0.075 per Unit for gross proceeds of CAD 499,999.95 on September 23, 2024. Each Unit consists of one trust unit in the capital of the Trust and one half of one Trust Unit purchase warrant. Each whole Warrant is exercisable for a period of one year from the date of issuance to purchase an additional Trust Unit at a price of CAS 0.10. Closing of the Offering remains subject to receipt of all necessary corporate and regulatory approvals, including the final approval of the NEX Board and the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Announcement • Aug 14
Jade Power Trust Appoints Christopher Macintyre as Independent Director Jade Power Trust announced the appointment of an independent director, Christopher MacIntyre, to the Jade Power Board of Directors effective immediately. Chris is President of CRM Global Capital Inc., a merchant banking firm that provides corporate strategy, financial, and capital markets solutions to companies focused on finding and executing opportunities that support the process of urbanization around the world. Chris also serves as Chairman of Pinnacle Iron & Steel, the sole owner of TT Iron and Steel which acquired the Point Lisas Iron and Steel Mill from ArcelorMittal in 2024. He is also Vice President, Corporate Development of Lara Exploration Ltd. Previously, Chris was Vice President, Corporate Development at Reservoir Minerals Inc., prior to its sale to Nevsun Resources. Announcement • Dec 01
Jade Power Trust's Tier Classification Will Change from Tier 2 to NEX TSX Venture Exchange has accepted for filing a share purchase agreement (the "Purchase Agreement") between an Arm's Length Party (the "Purchaser") and Jade Power Trust. (the "Trust") pursuant to which the Trust has sold (the "Sale Transaction") all of the equity interests in its Romanian-based operating subsidiaries, which collectively held all of the Trust's wind, solar and hydro projects, to the Purchaser. Further to Trust's news release issued on November 22, 2022, in accordance with TSX Venture Policy 2.5, as a result of the closing of the Sale transaction the Trust no longer satisfies the requirements of a TSX Venture Tier 2 company. Therefore, effective at the opening on Friday, December 2, 2022, the Trust's listing will transfer to NEX, the Trust's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX. Announcement • Nov 30
Jade Power Trust Announces Executive Changes Jade Power Trust (Jade Power or the Trust) announced changes to the composition of the board of directors of Jade Power Administrator Inc. (the Administrator), administrator of the Trust, and management of the Trust. J. Colter Eadie, Chief Executive Officer of the Administrator, and Ravi Sood, Chairman of the Administrator, have resigned from all of their director and officer positions with each of the entities within the Jade Power organization (collectively, the Jade Affiliates) and Gabriel Mihai has resigned as a director of the Administrator. As a result of such resignations, David Barclay, a director of the Administrator, has been appointed as Chief Executive Officer of the Administrator and each of David Barclay and John Huxley have been appointed as directors and officers of the Jade Affiliates to replace Messrs. Eadie and Sood as applicable. Announcement • Nov 29
Jade Power Trust Announces Details of Initial Special Distribution, Payable on December 12, 2022 Jade Power Trust has declared a special distribution (the "Initial Special Distribution") to holders of Units (“Unitholders”) comprised of the following consideration per trust unit (each, a “Unit”) in the capital of the Trust: (i) $3.24 in cash; and (ii) one contingent value right (each, a “CVR”). The Initial Special Distribution will be paid on December 12, 2022 (the “Payment Date”) to holders of Units (“Unitholders”) of record at the close of business on December 5, 2022. Announcement • Nov 26
Jade Power Trust Announces Resignation of Amar Bhalla from the Board of Directors of Jade Power Administrator Inc Jade Power Trust announced the resignation of Amar Bhalla from the Board of Directors of Jade Power Administrator Inc., administrator of the Trust. Announcement • Nov 23
Enery Power Holding GmbH completed the acquisition of Renewable energy operating assets in Romania and Netherlands from Jade Power Trust (TSXV:JPWR.UN). Enery Power Holding GmbH agreed to acquire Renewable energy operating assets in Romania and Netherlands from Jade Power Trust (TSXV:JPWR.UN) for €71 million on September 1, 2022. Under ther terms, a termination fee of €3.5 million is payable by the trust, if the trust fails to receive unitholder approval, while a separate termination fee of €1 million is payable, if the trust fails to obtain conditional approval of the TSXV, before November 30, 2022, which date may be extended to January 15, 2023. A termination fee of €1 million is payable by Enery if fails to receive certain clearances from the applicable Romanian competition authorities. The closing of the sale transaction is subject to a number of customary conditions, including the approval of the Unitholders, the approval of the TSXV and the approval of the Romanian Competition Authority and Foreign Direct Investment Authority. A special committee of independent directors of the Administrator is formed to consider the transaction on behalf of the trust. The deal has been unanimously approved by the board and special committee. The transaction has received approval from target shareholders. The deal is expected to close by January 15, 2023. Haywood Securities Inc. acted as financial advisor to Special Committee and fairness opinion provider to the board administrator of the trust. Aird & Berlis LLP and Wolf Theiss Si Associatti SCA acted as legal advisor to the Trust and the Administrator. Schoenherr Attorneys at Law acted as legal advisor and UniCredit S.p.A. (BIT:UCG) acted as financial advisor to Enery. DLA Piper (Canada) LLP acted as legal advisor to the Special Committee.
Enery Power Holding GmbH completed the acquisition of Renewable energy operating assets in Romania and Netherlands from Jade Power Trust (TSXV:JPWR.UN) on November 22, 2022. Reported Earnings • Aug 27
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CA$0.014. Revenue: CA$4.11m (down 11% from 2Q 2021). Net income: CA$318.0k (down 72% from 2Q 2021). Profit margin: 7.7% (down from 25% in 2Q 2021). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 32% share price gain to CA$2.25, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 36x in the Renewable Energy industry in Canada. Total returns to shareholders of 246% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CA$2.02, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 35x in the Renewable Energy industry in Canada. Total returns to shareholders of 169% over the past three years. Announcement • May 12
Jade Power Trust, Annual General Meeting, Jun 29, 2022 Jade Power Trust, Annual General Meeting, Jun 29, 2022. Reported Earnings • May 04
Full year 2021 earnings released: EPS: CA$0.16 (vs CA$0.16 in FY 2020) Full year 2021 results: EPS: CA$0.16 (up from CA$0.16 in FY 2020). Revenue: CA$18.7m (flat on FY 2020). Net income: CA$3.68m (flat on FY 2020). Profit margin: 20% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Gabriel Mihai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CA$2.83, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 43x in the Renewable Energy industry in Canada. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 22% share price gain to CA$3.45, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 44x in the Renewable Energy industry in Canada. Total returns to shareholders of 306% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to CA$2.90, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 36x in the Renewable Energy industry in Canada. Total returns to shareholders of 222% over the past three years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Gabriel Mihai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CA$0.071 (up from CA$0.038 in 3Q 2020). Revenue: CA$4.27m (down 12% from 3Q 2020). Net income: CA$1.65m (up 87% from 3Q 2020). Profit margin: 39% (up from 18% in 3Q 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CA$1.95, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Renewable Energy industry in Canada. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improved over the past week After last week's 16% share price gain to CA$2.44, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Renewable Energy industry in Canada. Total returns to shareholders of 44% over the past three years. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CA$0.005 (vs CA$0.002 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CA$4.59m (down 9.3% from 2Q 2020). Net income: CA$1.13m (up 140% from 2Q 2020). Profit margin: 25% (up from 9.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
First quarter 2021 earnings released: EPS CA$0.008 (vs CA$0.006 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$5.01m (down 11% from 1Q 2020). Net income: CA$1.75m (up 16% from 1Q 2020). Profit margin: 35% (up from 27% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
Full year 2020 earnings released: EPS CA$0.016 (vs CA$0.018 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CA$18.7m (up 5.9% from FY 2019). Net income: CA$3.66m (down 12% from FY 2019). Profit margin: 20% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Third quarter 2020 earnings released: EPS CA$0.004 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: CA$4.84m (up 21% from 3Q 2019). Net income: CA$882.4k (down 39% from 3Q 2019). Profit margin: 18% (down from 36% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Aug 11
An unknown buyer acquired Vistea (Suha) Hydro Project of Jade Power Trust (TSXV:JPWR.UN). An unknown buyer acquired Vistea (Suha) Hydro Project of Jade Power Trust (TSXV:JPWR.UN) on August 10, 2020. The purchase price for the sale is an amount equal to 20% of the annual free cash, if any, generated by the hydro project for a period of five years.
An unknown buyer completed the acquisition of Vistea (Suha) Hydro Project of Jade Power Trust (TSXV:JPWR.UN) on August 10, 2020.