Hexagon Composites ASA: Fourth quarter and full year 2025

12 Feb 2026 07:00 CET

12 February 2026: 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 831 million for fourth quarter 2025
(Q3'25: 538 million). The reported EBITDA was NOK 156 million and NOK 49 million
adjusted for certain non-recurring items (Q3'25: NOK -45 million), resulting in
a 6% adjusted EBITDA margin (Q3'25: -10%).

"After spending the majority of 2025 navigating an unprecedented industry
downturn, we delivered sequential revenue growth and improved profitability in
the fourth quarter," said Philipp Schramm, CEO of Hexagon Composites. "While we
enter 2026 with the lingering effects of that market uncertainty, I'm encouraged
to see early signs of gradual stabilization in our core markets, together with
the underlying positive impact of our strategic and cost measures."

For 2025, full year revenues were NOK 2 955 (4 877) million, mainly impacted by
macro economic uncertainty in our core North American businesses, partially
offset by record demand in the Refuse segment. The full year EBITDA totaled NOK
158 (637) million and NOK 65 million adjusted for certain non-recurring items.

Outlook

Entering 2026, we are cautiously optimistic about what the year will bring. With
the current visibility, we expect a modest first half of the year in line with
normal seasonality and continued market uncertainty, with gradual improvement in
the second half.

Our key priorities are clear: maintaining strict financial discipline,
leveraging our core technology to develop adjacent revenue streams and
accelerating the adoption of natural gas vehicles.

Natural gas remains the only viable alternative to diesel in long-haul, heavy
-duty and high-energy intensive mobility applications and as an industry leader
with unmatched capacity and customer bases, I remain confident in the long-term
growth of Hexagon.

For further details, please see the attached fourth quarter 2025 report and
presentation.
Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO and Eirik Løhre, CFO will present the results at 08:30 am
CET today, broadcasted live via this
link (https://qcnl.tv/p/Ebm5RxvfG7qOI_4LtoBdQw).

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

For more information:
Eirik Løhre, CFO, Hexagon Composites
Telephone: +47 909 95 820 I eirik.lohre@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:
Access the news on Oslo Bors NewsWeb site

665509_HEX_Q4_2025_Report.pdf
665509_HEX_Q4_2025_Presentation.pdf