Hexagon Composites ASA: Third quarter 2025

06 Nov 2025 07:00 CET

06 November 2025: Hexagon Composites (OSE: HEX.OL), world leader in composite
cylinder technology and related systems for storage and transportation of clean
gaseous energy reported revenues of NOK 538 million for third quarter 2025
(Q3'24: 1 250 million). The reported EBITDA was NOK -54 million (Q3'24: NOK 184
million), resulting in a -10% EBITDA margin (Q3'24: 15%).

"Ever evolving trade and tariff policies, high capital cost and a cyclical
downturn in our key segments are creating a unique and unprecedented decline, a
'perfect storm' if you will, in our core markets," said Philipp Schramm, CEO of
Hexagon Composites. "We are well underway with our Group-wide cost savings
program, aimed at improving our EBTIDA break-even point and protecting our
liquidity."

Outlook
Despite a soft near-term outlook, our long-term growth ambitions are firmly
intact. Key market drivers such as an aging truck fleet in the US, positive
returns on investment and exciting feedback on the game-changing X15N engine
make us confident that the industry ambition of 8-10% growth in natural gas
trucking will come. It is not a question of if, but when.

For further details, please see the attached third quarter 2025 report and
presentation.
Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am
CET today, broadcasted live via this
link: https://akercreativehub.eventcdn.net/events/hexagon-composites-webcast-q3
-2025

The presentation of the results will be a virtual event, followed by a Q&A
session. A recording of the presentation will be made available on
www.hexagongroup.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Berit
-Cathrin Høyvik, Senior Director Communications, Hexagon Composites ASA at the
time and date provided.

For more information:
David Bandele, CFO, Hexagon Composites
Telephone +47 920 91 483 I david.bandele@hexagongroup.com
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation, and conversion to clean energy in a
wide range of mobility and industrial applications. Learn more
at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

More information:
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658875_HEX_Q3_2025_Presentation.pdf
658875_HEX_Q3_2025_Report.pdf