Cloudberry Clean Energy ASA | Fourth quarter 2025 report

10 Feb 2026 07:00 CET

Oslo, Norway, 10 February 2026: Cloudberry Clean Energy ASA ("Cloudberry" or the
"Company") delivers strong results driven by growth, cost savings and a high
realized power price.

· Financial highlights
· Consolidated revenue of NOK 213m (127m) and proportionate revenue of NOK
231m (260m). 2025 proportionate revenue of NOK 697m (NOK 776m)
· Consolidated EBITDA of NOK 87m (58m) and proportionate EBITDA of NOK 102m
(166m). 2025 proportionate EBITDA of NOK 255m (NOK 431m)
·  2024 financials were positively affected by development gains and asset
recycling, which affects the comparable EBITDA for the quarter and full year.
Adjusted for these effects, underlying profitability has increased

· Proportionate production of 218 GWh over the quarter (213 GWh)
· Realized an average net power price of NOK 0.79 per kWh (NOK 0.59 per kWh)
compared to the Nordic system price of NOK 0.60 per kWh over the quarter
· Strong proportionate cash balance of NOK 891m and conservative debt
balance
· Attractive debt financing with a majority secured long-term at an all-in
cost below 4% p.a.

· Project updates
· Initiated a cost-reduction program expected to deliver at least NOK 30m in
annual savings, including an approximate 20% reduction in FTEs following a
strategic refocus within the Projects segment
· Taken advantage of a distressed situation to carve out and acquire the 18
MW wind project Frostnäs (SE-4) for EUR 0.4m
· Received a dividend of EUR 5m from the restricted cash balance in Odal,
previously reported within proportionate current assets
· The hydro power plant Småvoll (12 GWh proportionate production) was
commissioned in December 2025 and started production
· Two supplier audits completed in Q4 2025 with no issues identified,
confirming robust HSE and labour practices
· Avoided emissions of 43 000 tCO2e over the quarter (53 000 tCO2e)
· No lost-time injuries reported at any operational plant or construction
project during Q4

Cloudberry invites investors, analysts, and other stakeholders to a company
presentation at 11:00 CET. Please use the following link to register and join:
https://catapultfilm.videosync.fi/cloudberry_clean_energy_asa_q4_2025

The fourth quarter report for 2025, the presentation material, and the link to
the webcast and Q&A session will be made available at http://www.cloudberry.no/.

For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Ole-Kristofer Bragnes,
CFO, in Cloudberry Clean Energy ASA on 10 February 2026, at 07:00 CET.


About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig, Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

More information:
Access the news on Oslo Bors NewsWeb site

665218_Cloudberry_Clean_Energy_ASA_Q4_2025_presentation.pdf
665218_260210_Cloudberry_Clean_Energy_ASA_Fourth_Quarter_2025_press_release.pdf
665218_Cloudberry_Clean_Energy_ASA_Q4_2025_report.pdf