VOW ASA: Annual and Sustainability Report 2024

30 Apr 2025 21:44 CEST

Vow ASA has today published its Annual and Sustainability Report for 2024, as
approved by the Board of Directors.

The report, including the ESEF file, is enclosed and is also available on the
company's website: www.vowasa.com under Investor Relations:
https://www.vowasa.com/investor/results-reports.

Subsequent to year-end, the Group recognised a non-cash impairment loss on its
investment in Vow Green Metals AS. In connection with events occurring after the
reporting period, management concluded that the quoted share price as of 31
December 2024 represents the best estimate of fair value. Consequently, an
impairment loss of NOK 41.8 million has been recognised in the financial
statements for the year ended 31 December 2024.

As a result of the impairment, the Group's result for the full year 2024 amounts
to negative NOK 132.0 million, and the equity ratio as of 31 December 2024
stands at 33.7%, compared to a result of negative NOK 90.2 million and an equity
ratio of 35.5% as reported in the preliminary Q4 2024 report.


For more information, please contact:

Jonny Hansen, Interim CEO, Vow ASA
Tel: +47 901 89 181
Email: jonny.hansen@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com


About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and
material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and
valorisation of waste. It provides technology and solutions which enable
industries to transition towards a fossil-free future by converting biomass and
waste into valuable resources and clean energy. The company also has strong
niche positions in food safety and robotics, and in heat-intensive industries
with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).

The information is such that Vow ASA is required to disclose in accordance with
the EU Market Abuse Regulation. This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

645099_vowasa-2024-12-31-0-en.zip
645099_Vow - Annual and Sustainability Report 2024.pdf