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Nel ASA (OSL:NEL)
Norway flag Norway · Delayed Price · Currency is NOK
2.960
+0.395 (15.40%)
Apr 30, 2026, 4:25 PM CET

Revenue by Segment

Millions NOK. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Nel Alkaline Electrolyser
562.28M1.01B875.63M--
Nel Alkaline Electrolyser Growth
-44.29%15.27%---
Nel Pem Electrolyser
400.83M380.55M474.17M--
Nel Pem Electrolyser Growth
5.33%-19.74%---
Nel Hydrogen Fueling
---208.04M317.17M
Nel Hydrogen Fueling Growth
----34.41%6.49%
Electrolyser
---706.81M435.93M
Electrolyser Growth
---62.14%55.41%
Total
963.11M1.39B1.35B914.85M753.10M
Total Growth
-30.71%2.97%47.54%21.48%30.22%

Revenue by Geography

Millions NOK. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Norway
97.75M36.74M42.58M6.50M5.02M
Norway Growth
166.04%-13.71%555.57%29.46%-60.57%
USA
505.23M155.87M743.66M441.04M365.60M
USA Growth
224.15%-79.04%68.61%20.64%58.12%
North America (Ex United States)
8.44M508.51M15.18M17.89M13.56M
North America (Ex United States) Growth
-98.34%3249.85%-15.15%31.99%-16.42%
Asia
78.04M195.56M145.41M137.23M81.16M
Asia Growth
-60.09%34.49%5.96%69.09%-42.49%
Europe Ex Norway
191.30M414.98M328.86M267.78M269.03M
Europe Ex Norway Growth
-53.90%26.19%22.81%-0.47%116.80%
Middle East
4.59M9.77M45.72M26.22M9.22M
Middle East Growth
-53.01%-78.63%74.38%184.48%-22.05%
Africa
13.51M8.34M12.58M13.21M1.66M
Africa Growth
61.97%-33.72%-4.71%694.11%-94.06%
South America
10.21M7.93M9.26M3.49M2.09M
South America Growth
28.71%-14.40%165.67%67.24%73.75%
Oceania
54.04M52.21M6.56M1.51M5.77M
Oceania Growth
3.50%696.49%333.53%-73.80%-51.61%
Total
963.12M1.39B1.35B914.85M753.10M
Total Growth
-30.71%2.97%47.54%21.48%30.22%
Source: S&P Global Market Intelligence.