Maxim Power Corp. Announces 2025 Fourth Quarter Financial and Operating Results

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• The Corporation continues to advance all aspects of project development for Prairie Lights and anticipates total project spending during 2026 of up to $60 million

  60% confidence

• The collective amount of the insurance policies for the remaining third parties involved in the Claim is equivalent to the amount paid out as part of the settlement announced on November 24, 2025

  60% confidence

• Net income and Adjusted EBITDA decreased in 2025 primarily due to lower generation volumes, as a result of a planned maintenance outage in the fourth quarter of 2025, and a lower realized average power price

  60% confidence

• The amendment to Prairie Lights regulatory permits based on the 7HA.02 gas turbine is anticipated to be routine in nature

  60% confidence

• As of the date hereof, the precise amount and timing of any further compensation related to the Claim, if any, cannot be determined

  60% confidence