Norway · Delayed Price · Currency is NOK Cloudberry Clean Energy ASA Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA rose year-over-year in Q1 2026, driven by high Nordic power prices and expanded capacity. Strategic entry into Finland, cost reductions, and a diversified portfolio position the company for continued growth amid strong renewable energy demand.
Fiscal Year 2025
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Production and installed capacity grew significantly, supported by a diversified Nordic portfolio and a strong balance sheet. Profitability improved with higher realized prices and cost-saving measures, while the company remains well-positioned for M&A and market opportunities.
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Revenue and EBITDA rose year-over-year, driven by high realized power prices and portfolio growth. Strategic mergers, BESS project initiation, and strong capital discipline position the company for future Nordic market opportunities amid regulatory uncertainty.
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Formed a leading Nordic hydropower platform and expanded renewable partnerships, driving a 30% year-over-year increase in power production and strong realized prices. Maintained robust liquidity and a focus on profitability, with significant non-recurring gains in Q2 2024.
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Revenue and EBITDA grew year-over-year, driven by higher power prices and increased production, especially in attractive Nordic price areas. Strategic asset sales, strong cash position, and a diversified portfolio support profitable growth and future expansion.
Fiscal Year 2024
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Production and development capacity expanded significantly, with strong profitability driven by asset sales and premium power prices. Solid liquidity, disciplined capital allocation, and a diversified portfolio position the company well for future demand and market volatility.
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Munkhyttan wind farm became operational ahead of schedule, boosting cash flow. Realized power prices were twice the Nordic system average, and 300 MW was added to the project backlog. The company maintains a strong balance sheet, focuses on profitable growth, and is expanding into solar and storage.
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Strong Q2 performance driven by increased production, asset sales, and a robust balance sheet. Strategic focus remains on profitability, with new partnerships and project developments supporting future growth. Realized power prices and liquidity remain strong.