Canadian Solar (CSIQ) Investor presentation summary

Business overview and global presence

• Operates as a tier 1 global solar and energy storage company, serving over 100 countries with a strong manufacturing and project development track record.

• Delivered approximately 174 GW of solar modules and 18 GWh of storage solutions globally as of end 2025.

• Maintains a vertically integrated manufacturing model and a global project development business, with significant operations in North America, EMEA, APAC, and Latin America.

• Recognized for sustainability, innovation, and brand trust by multiple industry and media organizations.

Financial performance and guidance

• FY25 revenue reached $5.6B with a gross margin of 18.3% and operating income of $43M.

• Q4 2025 net revenues were $1.2B, with a gross margin of 10.2%; full-year net income attributable to shareholders was -$104M.

• Delivered 24.3 GW of solar modules and 7.8 GWh of energy storage in 2025, with record shipments to the U.S. market.

• FY26 guidance includes 6.5–7.0 GW U.S. solar module shipments and 4.5–5.5 GWh U.S. utility-scale storage shipments.

Strategic business segments

• CSI Solar focuses on vertically integrated solar and storage manufacturing, while Recurrent Energy leads global project development and IPP activities.

• Recurrent Energy has a 24 GWp solar project pipeline and 83 GWh battery storage pipeline, with nearly 15 GWp under O&M contracts.

• e-STORAGE shipped over 18 GWh globally, with a $3.6B contracted backlog and $61M in annual recurring revenue from long-term service agreements.