NOS Nova, 2025 results and annual report

22 Apr 2026 08:00 CEST

Sandnes, Norway 22nd of April 2026: NOS Nova (EURONEXT:NOSN) has today published
its results and annual report for 2025. (Formerly Horisont Energi AS, change of
name December 18th, 2025.)

2025 was a transformational year for NOS Nova where unsuccessful investor
dialogues resulted in workforce reductions, divestment of the Barents Blue
ammonia project and a plan to wind down the company and to focus on realization
of value.

At the end of August 2025, NOS Group became the company’s new majority
shareholder. With a new majority shareholder in place, a new Board of Directors
was elected, and a new CEO appointed.

The new Board of Directors decided that NOS Nova should continue its work to
develop the Gismarvik CO2 terminal project through an “innovation arm” NOS
CarbonGrid AS, where paid studies should be conducted for CO2 emitters, terminal
customers and CO2 storage providers.

NOS Nova should further have an “engineering arm” working on commercial
projects. To strengthen the engineering arm, NOS Nova entered into an agreement
to acquire NOS Technology AS in November 2025.

Through 2025, NOS Nova continued to develop its intellectual property portfolio
that currently consists of 13 patent families comprising a total of 55 patent
applications across multiple jurisdictions, of which approximately 73 % have
been granted. The Company’s patented technologies are designed to support the
development of large-scale CO₂ transport and storage infrastructure and may be
integrated into future CCS projects and offshore developments. NOS Nova welcomes
dialogue with industrial partners interested in exploring potential
collaboration or technology licensing opportunities.


2025 Financial Highlights

NOS Nova Group reported income of NOK 8.2 million in 2025 reflecting primarily
paid studies for the Gismarvik CO2 project and revenues from NOS Technology.

Operating loss reduced to NOK 46.0 million compared to 115.4 million in 2024, a
result of reduced number of employees and focus on cost reducing activities.

Cash and equivalents at NOK 18.7 million compared to NOK 82.3 million in 2024.

NOS Nova is through its cash position and the acquisition of NOS Technology AS
funded to conduct commercial operations and allocate resources to innovation
projects if they are considered commercially viable.

More information:
Access the news on Oslo Bors NewsWeb site

671149_Annual report NOS Nova 21.04.2026 - Signed.pdf