#Norway #Oslo #Hexagon Composites #Fuel Systems #Mobile Pipeline

Hexagon Composites Q2 2025 Financial Overview

In a recent report, Hexagon Composites ASA, the leading entity in composite cylinder technology, announced its financial results for the second quarter of 2025, revealing a noteworthy decline in revenue and profitability. The company's revenue stood at NOK 674 million, a sharp decrease from NOK 1,150 million during the same period in 2024. Additionally, they reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of NOK 12 million, which translates to a reduced EBITDA margin of 2%, compared to 12% in the prior year’s second quarter.

Impact of Market Conditions

The decline in Hexagon's financial performance can largely be attributed to uncertainty in the market, which has led to capital investment delays and has significantly impacted their Mobile Pipeline segment. CEO Philipp Schramm addressed these challenges, indicating that after several years of record-breaking performance, the current market conditions have posed notable hurdles.

Despite the challenges faced in the trucking and freight sectors, there was a silver lining in the results. The company's Fuel Systems segment displayed solid performance in the first half of 2025, mainly driven by robust demand within the refuse sector. This indicates that while the broader market is struggling, there are pockets of resilience that the company is able to capitalize on.

Strategic Outlook

Hexagon Composites is actively navigating this challenging environment, with a clear focus on positioning itself for future growth. The company is confident in its advanced technological capabilities, which have been validated across many applications and industries. They acknowledge the broader macro-economic challenges yet remain optimistic about the opportunities to drive energy transformation in both existing and emerging markets.

Schramm emphasized that as the market begins to recover, Hexagon Composites is strategically poised to harness long-term, profitable growth opportunities and further advance the hydrogen and alternative energy sectors. As a market leader, they are well-positioned to capture the demand surge that may follow a market rebound.

Future Presentations and Investor Relations

For those interested in deeper insights into the Q2 financial results, a presentation was held at 8:30 AM CET. CEO Philipp Schramm and CFO David Bandele provided detailed explanations and contexts regarding the numbers. This presentation was broadcasted live, and a recording is available for review on Hexagon Composites' official website.

About Hexagon Composites

Hexagon Composites ASA specializes in innovative solutions for a cleaner energy future. Their advanced technologies enable safe storage and transportation of clean energy solutions, actively contributing to energy transition across a variety of applications. To learn more about their offerings and initiatives, visit Hexagon Group or follow their updates on LinkedIn under @HexagonASA.