#Sweden #Stockholm #Green Hydrogen #Metacon #Q1 report

Metacon's Exceptional Q1 2025 Performance

Metacon AB, a leading player in the energy sector, has recently published its interim report for the first quarter of 2025, marking a historic milestone in both financial and operational achievements. With net sales reaching a remarkable SEK 50 million, this reflects an impressive increase of SEK 42 million compared to the same quarter last year.

One of the most striking aspects of this report is that Metacon has already surpassed its entire net sales from 2024, which amounted to SEK 40 million. This rapid growth is primarily attributed to the company's ongoing 30 MW project in Greece, in partnership with Motor Oil. The successful delivery of this project has recently expanded to include an additional order for a total of 50 MW, significantly enhancing Metacon's market presence and demonstrating its capability to meet large competitive tenders.

Financial Highlights

The numbers from Q1 2025 reflect both growth and areas for improvement:

• - Revenues: SEK 50.4 million (up from 8.3 million in Q1 2024)
• - EBITDA: SEK -12.1 million (an improvement from -14.5 million)
• - Operating Profit (EBIT): SEK -15.1 million (more favorable than -17.2 million)
• - Profit/Loss after financial items: SEK -15.0 million, up from -18.2 million
• - Earnings per Share: SEK -0.01, compared to -0.04

While the company recorded net losses, the reduction in loss figures highlights ongoing operational improvements and a strong foundation for future performance.

Strategic Initiatives

Throughout the quarter, Metacon has undertaken several strategic initiatives signaling its commitment to innovation and expansion. Notably, on January 29, the company announced increased involvement in projects related to CO2-free, ammonia-powered long-distance shipping operations via Pherousa, showcasing its dedication to sustainable energy solutions.

On February 28, Metacon secured an additional agreement pertaining to PERIC's cutting-edge pressurized alkaline stack technology tailored for large electrolysers. This underscores the company’s focus on enhancing its technological edge in hydrogen production.

Further advancements were noted on March 4, with the awarding of another contract for an additional 20 MW electrolyser from Motor Oil Hellas, culminating in a comprehensive contract package that was finalized by March 24. Moreover, on March 11, Metacon received initial approvals from ABS and DNV for ammonia cracking via Pherousa, which is pivotal for its long-term strategic roadmap.

In an additional highlight, Metacon entered into final negotiations for a wind power-to-hydrogen project with a new customer. This culminated in a confirmed contract for a pilot plant in Morocco, planned to incorporate a 1 MW pressurized alkaline electrolyser system.

Future Outlook

With these robust developments, Metacon is poised for sustained growth as it strategically positions itself as a leading provider of fossil-free hydrogen technologies. The expansion into the Moroccan market, coupled with the ongoing successes in Greece, reinforces Metacon's role in the transition to green energy. The company continues to focus on launching additional projects that enhance its operational efficiencies while addressing the growing global demand for sustainable energy solutions.

Metacon’s impressive first-quarter achievements serve as a testimony to its innovative approaches and strategic partnerships in the energy sector. As it looks ahead, the company is set to continue pushing boundaries in green hydrogen production while ensuring that it remains at the forefront of sustainable energy developments.

In conclusion, the first quarter results not only underscore Metacon's financial resilience but also unveil a promising trajectory as it embraces the future of energy production with a commitment to sustainability and growth. For full insights and analysis, stakeholders are encouraged to refer to the complete interim report.