#Clean Energy #Natural Gas #Norway #Oslo #Hexagon Composites

Hexagon Composites Reports Financial Performance for Q4 and Full Year 2025

Hexagon Composites ASA (OSE: HEX.OL) has recently unveiled its financial results for the fourth quarter and the entire year of 2025. The company, recognized globally for its leadership in composite cylinder technology and systems for the storage and transport of clean gaseous energy, reported revenues of NOK 831 million for Q4, marking an increase from NOK 538 million in Q3 of the same year.

The company's EBITDA for the last quarter stood at NOK 156 million, with an adjusted figure of NOK 49 million, compared to a negative NOK 45 million in the previous quarter. This improvement translates to an adjusted EBITDA margin of 6%, a significant recovery from the -10% margin seen in Q3. CEO Philipp Schramm highlighted the company's ability to navigate a challenging industry downturn throughout 2025, leading to sequential revenue growth and an uptick in profitability during the fourth quarter.

In the broader scope, Hexagon Composites reported total revenues for 2025 at NOK 2,955 million, down from NOK 4,877 million in 2024, primarily influenced by macroeconomic uncertainties affecting their core North American operations. However, the demand in the refuse segment offered some relief, contributing positively to the overall financial results. The EBITDA for the year was NOK 158 million, with an adjusted total of NOK 65 million after accounting for non-recurring items.

Forward-Looking Statements

Entering 2026, Hexagon Composites approaches the year with cautious optimism, anticipating a modest performance in the first half due to seasonal trends and ongoing market uncertainties. Nevertheless, the company predicts gradual improvement in the latter half of the year. Their strategic priorities include strict financial discipline, leveraging their core technologies to explore adjacent revenue streams, and accelerating the adoption of natural gas vehicles.

Schramm expressed confidence in natural gas as the only practical alternative to diesel for high-demand applications in long-haul transportation and heavy-duty mobility. This positions Hexagon to capitalize on its industry-leading capabilities and customer base for long-term growth.

The company’s results presentation, scheduled for today at 0830 am CET, will be delivered by CEO Philipp Schramm and CFO Eirik Løhre. This event will be conducted virtually, followed by a Q&A session, and further details will be accessible via the company's website. Hexagon is dedicated to providing innovative solutions that promote a cleaner energy future, which plays a critical role in their strategic outlook.

For those interested in more comprehensive insights, the full fourth-quarter report and presentation slides will be available on Hexagon's official website.

About Hexagon Composites

Hexagon Composites ASA is committed to delivering safe and innovative energy solutions that ensure effective storage, transport, and conversion to cleaner energy across various mobility and industrial applications. Their commitment to advancing clean energy is reflected in their ongoing efforts to meet market demands with their cutting-edge technologies. More information can be found on their website or by following them on LinkedIn.