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Capsol Technologies ASA

Business and Financial Review Nov 11, 2025

3572_rns_2025-11-11_d89aacab-f7dc-4095-9fa1-6dde69c65c3d.html

Business and Financial Review

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Capsol Technologies Q3 2025 business and financial update: Maturing pipeline and strengthened partnerships to advance CCUS platform ambition

Capsol Technologies Q3 2025 business and financial update: Maturing pipeline and strengthened partnerships to advance CCUS platform ambition

Oslo (Norway), November 11, 2025 -Capsol Technologies, a leading provider of

carbon capture solutions, today announced its business and financial update for

the third quarter of 2025.

Momentum building across sectors

.         Projects progressing for first CapsolGT® for low-carbon gas power

plant in the US

.         First studies in the lime and metals processing sectors and

international waste management company

.         New CapsolGo® campaign for cement - several dialogues ongoing

Expanding platform partnerships and strong pipeline

.         Four projects approaching FEED near term and mature project pipeline

with NOK 3.1bn in revenue potential

.         Expanded Munters partnership; launched collaboration with Everllence

on compressor/expander systems and storage developer

.         Dialogues progressing with current and prospective strategic partners

Strengthened liquidity and robust pipeline

.         Revenues of NOK 19 million in Q3 2025 and NOK 97 million LTM

.         21.9 mtpa mature pipeline, stable lead generation volumes supporting

continued growth

.         Liquidity position strengthened to NOK 78m

"Our mature pipeline continues to advance, we are progressing the first project

in the US for our CapsolGT® solution for low-carbon gas power and see strong

momentum across industries preparing for FIDs in 2026 and onwards. The expansion

of our partnership with Munters, including new capital, underlines our shared

commitment to make carbon capture more accessible and efficient. We have

expanded our partnership ecosystem with Everllence and TerraStora. Together with

current and prospective partners, we are taking important steps towards our

ambition of transforming Capsol from a technology provider into a full CCUS

platform company," said Wendy Lam, CEO of Capsol Technologies.

The Q3 2025 business and financial update presentation is attached and available

on https://www.capsoltechnologies.com/reports

CEO Wendy Lam and SVP Investment & Strategy Jacob Zeno Clausen Krøvel will

present the results on November 11, 2025, at 09:00 CET.

The presentation will be broadcast as a webcast and questions can be submitted

throughout the streaming event:

https://investorcast.live/webcastdetail?id=6900e843cf6b11b6bfce2a8e

To receive Capsol's stock exchange and press releases via email, subscribe at

capsoltechnologies.com/investors

For further information, please contact:

Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 48 40 32 25

[email protected]

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of

accelerating the transition to a net zero future. The technology combines

inherent heat recovery and generation in a stand-alone unit based on a proven

and safe solvent. Capsol's technology is licensed either directly to customers

or through industrial partners globally. Key segments include cement, biomass,

energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext

Oslo Børs (ticker: CAPSL). For more information, visit capsoltechnologies.com.

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