Cavendish Hydrogen ASA (OSL:CAVEN)

Cavendish Hydrogen ASA Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Operating Revenue	15.3	31.01	28.89
Other Revenue	0.7	0.34	1.51
Revenue	16	31.35	30.39
Revenue Growth (YoY)	-48.96%	3.15%	-
Cost of Revenue	9	15.26	14.27
Gross Profit	7	16.09	16.12
Selling, General & Admin	18.6	21.75	24.01
Other Operating Expenses	8.3	13.31	11.48
Operating Expenses	31	39.69	40.23
Operating Income	-24	-23.6	-24.11
Interest Expense	-0.1	-0.26	-2.17
Interest & Investment Income	0.8	1.29	0.15
Currency Exchange Gain (Loss)	-2.7	-0.43	-0.83
Other Non Operating Income (Expenses)	-	-0.55	-2.74
EBT Excluding Unusual Items	-26	-23.56	-29.69
Asset Writedown	-1.1	-	-
Pretax Income	-27.1	-23.56	-29.69
Income Tax Expense	-0.5	-0.8	-0.8
Net Income	-26.6	-22.76	-28.89
Net Income to Common	-26.6	-22.76	-28.89
Shares Outstanding (Basic)	34	34	34
Shares Outstanding (Diluted)	34	34	34
Shares Change (YoY)	-0.05%	-	-
EPS (Basic)	-0.79	-0.68	-0.86
EPS (Diluted)	-0.79	-0.68	-0.86
Free Cash Flow	-18.6	-25.63	-20.05
Free Cash Flow Per Share	-0.55	-0.76	-0.60
Gross Margin	43.75%	51.31%	53.04%
Operating Margin	-150.00%	-75.28%	-79.31%
Profit Margin	-166.25%	-72.60%	-95.05%
Free Cash Flow Margin	-116.25%	-81.75%	-65.96%
EBITDA	-19.8	-19.52	-19.86
EBITDA Margin	-123.75%	-62.27%	-65.34%
D&A For EBITDA	4.2	4.08	4.25
EBIT	-24	-23.6	-24.11
EBIT Margin	-150.00%	-75.28%	-79.31%
Revenue as Reported	16	31.35	30.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.