Cavendish Hydrogen ASA (OSL:CAVEN)

Cavendish Hydrogen ASA Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	15.1	15.96	31.35	30.39	24.22	32.65
Revenue Growth	-40.55%	-49.09%	3.15%	25.50%	-25.84%	-
Gross Profit Gross Profit Growth	6.3	6.95	16.25	16.23	8.75	10.67
Operating Income Operating Income Growth	-21.9	-25.1	-23.6	-24.11	-74.32	-23.91
Net Income Net Income Growth	-23.2	-26.64	-22.76	-28.89	-75.3	-24.67
Earnings Per Share EPS Growth	-0.65	-0.79	-0.68	-0.86	-	-
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Equipment Equipment Growth	3.55	4.55	17.74	15.99
Projects, I&C and Service Projects, I&C and Service Growth	10.76	10.76	13.27	12.9
Corporate and Other Corporate and Other Growth	-	0.65	0.34	1.51
Total Total Growth	14.96	15.96	31.35	30.39

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	16.5	0	41.78	7.02	2.66	5.86
Total Debt Total Debt Growth	2	2.15	2.62	16.81	26.32	26.91
Net Cash (Debt) Net Cash Growth	14.5	-2.15	39.16	-9.79	-23.66	-21.05
Net Cash Growth	-55.25%	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	0.43	-0.06	1.16	-0.29	-	-

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-15.3	-18.32	-24.03	-18.81	-32.18	-25.28
Capital Expenditures CapEx Growth	-0.3	-0.42	-1.6	-1.24	-2.14	-1.92
Free Cash Flow Free Cash Flow Growth	-15.6	-18.75	-25.63	-20.05	-34.32	-27.2
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	41.72%	43.51%	51.84%	53.40%	36.13%	32.66%
Operating Margin	-145.03%	-157.23%	-75.29%	-79.31%	-306.90%	-73.21%
Pretax Margin	-155.63%	-169.95%	-75.14%	-97.70%	-314.34%	-78.60%
Profit Margin	-153.64%	-166.93%	-72.60%	-95.05%	-310.94%	-75.54%
FCF Margin	-103.31%	-117.44%	-81.75%	-65.96%	-141.71%	-83.29%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PS Ratio	1.14	1.28	0.78	-	-	-

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: May 21, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Aug 4, 2026

Data Sources Report a data error