BCS: Fourth quarter financial results and operational update

19 Feb 2026 07:00 CET

(Bergen, 19 February 2026): Bergen Carbon Solutions AS (BCS, OSE:BCS)

Bergen Carbon Solutions AS (BCS), the pure-play carbon capture and utilization
(CCU) company, today provides an operational update and financial results for
the fourth quarter and full year 2025.

BCS has delivered solid progress throughout 2025, driven by technological
innovation and improved financial discipline. The company made a major leap in
its core technology, now operating from a more stable and repeatable process
platform that enables greater control over electrolysis and carbon powder
quality. This development marks a crucial milestone, allowing BCS to shift focus
from experimentation to systematic testing in battery applications.

BCS has also strengthened its financial position, notably reducing burn rate and
enhancing cost discipline compared to prior years. With additional grants from
Innovation Norway, the company is well-positioned for the next phase of growth.

Global trends, including rising geopolitical tensions and an increased emphasis
on local supply chains, have highlighted the growing importance of sustainable,
regionally based material production.

As a direct result of our technological progress during 2025, the priority for
2026 will be to produce larger test volumes with consistent quality, external
validation, and strengthen collaboration with key industrial and academic
partners in Asia and Europe. The establishment of an international Advisory
Board has further bolstered BCS’s capabilities and readiness for industrial
partnerships.

Reflecting on the year, CEO Odd Strømsnes states, “We exit the year as a more
robust company, with a stable technology platform, improved financial position,
and a clear and executable plan for the next phase of development.”

Presentation:
The company will host an operational live update presentation today at 08:00.
You are welcome to join the presentation online. A recording of the presentation
will be available on our website after the session.

Presentation details:
- Date: Thursday 19th of February 2026 at 08:00 a.m. (CET)
- Language: English
- Q&A: may be submitted in advance to fredrik.oksnes@bergencarbonsolutions.com
or live during the session.

Link to webcast:
https://bergencarbonsolutions.com/articles/invitation-to-presentation-of-bcs-ope
rational-update-including-financial-results-for-q4-2025

The presentation and financial report for Q4 2025 are enclosed.

END

For further information please contact:
Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571
Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381


About Bergen Carbon Solutions:
Bergen Carbon Solutions is a technology company in the field of carbon
utilisation. The company is working to make CO2 a valuable resource, using
energy to turn the excessive greenhouse gas into solid carbon. With its
groundbreaking, proven process for carbon capture and utilization (CCU), Bergen
Carbon Solutions is enabling clean carbon for the battery industry. The
technology may provide stable delivery of carbon nanotubes and graphite, helping
manufacturers to be less exposed to the raw material risks of geopolitical
rivalry. Established in 2016, based in Norway and listed on Euronext Growth,
Bergen Carbon Solutions is targeting the fast-growing battery industry globally,
and other carbon intensive industries looking to replace conventional,
fossil-based solutions to stay relevant in their markets. 
Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/
Bergen Carbon Solutions | www.bergencarbonsolutions.com

More information:
Access the news on Oslo Bors NewsWeb site

666164_BCS Financial Report Q4 2025.pdf
666164_BCS Operational Update Q4 2025.pdf