Capsol Technologies ASA — Earnings Release 2026

May 13, 2026

Capsol Technologies Q1 2026 business and financial update: Unlocking low-carbon power and industrial decarbonization

Capsol Technologies Q1 2026 business and financial update: Unlocking low-carbon power and industrial decarbonization

Capsol Technologies, a leading provider of carbon capture solutions, today

announced its business and financial update for the first quarter of 2026.

Commercial momentum

.         Pre-FEED ongoing for U.S. project; on schedule for FEED in Q4

.         Demonstration campaign at Dyckerhoff launched in late Q1

.         Uptick in customer inquiries, however decision-making remains slow

Sharpened industry focus, broadening opportunity set

.         Multi-project approach with European cement manufacturers maturing

.         Momentum from U.S. utilities and data centers for low carbon power

.         Construction started at Stockholm Exergi, one of world's largest BECCS

projects, with Saipem, a Capsol industrial collaboration partner

Financial positioning

.         Credit facility refinanced to align with priorities and reduce near

-term liquidity outflow

.         Continued cost focus, operating expenses down 44% Y-o-Y, 37% Q-o-Q

.         EBITDA of NOK -18m in Q1 2026 compared to NOK -9m in Q1 2025

The Q1 2026 business and financial update presentation is attached and available

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

CEO Wendy Lam and CFO Bjørn Kristian Røed will present the results on May 13,

2026, at 09:00 CET. The session will be moderated by SVP Investment & Strategy

Jacob Zeno Clausen Krøvel.

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

throughout the streaming event: https://teams.microsoft.com/l/meetup

-join/19%3ameeting_ODE5MDFhMTktNGYwYy00MjlhLTg1NTMtOWU0ZDE2YjhjYjdk%40thread.v2/0

?context=%7b%22Tid%22%3a%22f1c4bac4-be81-49df-8c1d

-c91210cc5c2e%22%2c%22Oid%22%3a%22869a7421-f535-4538-966c-b50d17f4da31%22%7d

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

jacob.krovel@capsoltechnologies.com

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.