HydrogenPro ASA Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	84.3	195.69	568.23	56.41	20.04
Revenue Growth (YoY)	-56.92%	-65.56%	907.25%	181.56%	-24.94%
Cost of Revenue	61.29	166.96	374.42	45.9	11.77
Gross Profit	23.01	28.73	193.81	10.51	8.27
Selling, General & Admin	137.34	153	135.63	64.43	34.66
Other Operating Expenses	78.73	79.91	94.19	51.34	28.85
Operating Expenses	238.28	256.18	252.11	129.75	68.73
Operating Income	-215.27	-227.45	-58.29	-119.24	-60.46
Interest Expense	-1.18	-1.11	-1.1	-0.68	-0.05
Interest & Investment Income	2.79	4.38	3.47	3.43	2.06
Currency Exchange Gain (Loss)	-20.56	26.12	-7.57	2.2	1.76
Other Non Operating Income (Expenses)	-21.05	-0.24	0.55	-0.18	-0.72
EBT Excluding Unusual Items	-255.27	-198.3	-62.94	-114.46	-57.41
Gain (Loss) on Sale of Investments	-	-1.84	-	-	-
Asset Writedown	-0.2	-	-	-	-
Pretax Income	-255.47	-200.14	-62.94	-114.46	-57.41
Income Tax Expense	-15.87	-	-	-0.08	-0.98
Earnings From Continuing Operations	-239.59	-200.14	-62.94	-114.38	-56.43
Minority Interest in Earnings	-	4.08	-1.58	4.93	-
Net Income	-239.59	-196.06	-64.51	-109.45	-56.43
Net Income to Common	-239.59	-196.06	-64.51	-109.45	-56.43
Shares Outstanding (Basic)	88	68	60	58	58
Shares Outstanding (Diluted)	88	68	60	58	58
Shares Change (YoY)	29.56%	13.92%	3.29%	0.75%	30.06%
EPS (Basic)	-2.71	-2.87	-1.08	-1.89	-0.98
EPS (Diluted)	-2.71	-2.87	-1.08	-1.89	-0.98
Free Cash Flow	-222.68	-46.98	-206.52	-84.06	-68.26
Free Cash Flow Per Share	-2.52	-0.69	-3.45	-1.45	-1.19
Gross Margin	27.30%	14.68%	34.11%	18.63%	41.26%
Operating Margin	-255.37%	-116.23%	-10.26%	-211.37%	-301.76%
Profit Margin	-284.23%	-100.19%	-11.35%	-194.01%	-281.66%
Free Cash Flow Margin	-264.16%	-24.01%	-36.34%	-149.01%	-340.67%
EBITDA	-198.51	-210.71	-43.29	-108.88	-55.25
EBITDA Margin	-235.49%	-107.68%	-7.62%	-193.00%	-275.73%
D&A For EBITDA	16.76	16.74	15	10.36	5.22
EBIT	-215.27	-227.45	-58.29	-119.24	-60.46
EBIT Margin	-255.37%	-116.23%	-10.26%	-211.37%	-
Revenue as Reported	86.65	195.69	568.23	56.41	20.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.