Norway · Delayed Price · Currency is NOK HydrogenPro ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw NOK 17 million in revenue and a net loss of NOK 44 million, with cost savings exceeding NOK 50 million. The ACES project nears completion, and four major projects worth NOK 1 billion are in final contract stages, supporting a positive outlook for 2026.
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Q3 revenue reached NOK 35 million with a gross margin of 55%, driven by major project deliveries and cost reductions. Market growth is slower than expected, but a robust pipeline and new partnerships in India and the Middle East support optimism for 2026.
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Q2 saw NOK 13 million in revenue, a 22% gross margin (62% adjusted), and NOK 76 million net loss, with cost-saving measures on track and a NOK 140 million equity raise completed. Strategic partnerships and new manufacturing lines position the company for growth in Europe, India, and the Middle East.
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Q1 2025 saw NOK 22 million in revenue, a net loss of NOK 65 million, and a growing backlog, with cost-saving measures underway. Major projects ACES and Salcos are progressing, and new technology validation shows significant performance gains. Equity funding and strategic partnerships support ongoing R&D and market expansion.
Fiscal Year 2024
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Q4 2024 saw NOK 70 million in revenue and a NOK 38 million net loss, with a strong gross margin and a NOK 140 million capital raise bringing in major industrial partners. The company is fully booked for advanced electrode production into Q3 2025 and is implementing cost-saving measures amid a slow but maturing market.
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Q3 revenue rose to NOK 72 million with a 26% gross margin, driven by Salzgitter project deliveries. EU and Danish funding support expansion, while the backlog declined due to no new contracts. Focus remains on key project execution and cost control.
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Q2 saw NOK 50M in revenue, but profitability was impacted by extra ACES project costs, resulting in a net loss of NOK 77M. Cash balance rose to NOK 247M, and Denmark's electrode capacity will reach 350 MW in 2025. Strong pipeline and proven large-scale delivery support future optimism.