Hexagon Composites

Hexagon Composites ASA: First quarter 2025

15 May 2025: 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 912 million for first quarter 2025

(Q1'24: 945 million). The reported EBITDA was NOK 44 million (Q1'24: NOK 59

million), resulting in a 5% EBITDA margin (Q1'24: 6%).

"Despite headwinds, we have delivered a steady performance in the first

quarter," says Philipp Schramm, CEO of Hexagon Composites. "We are especially

pleased to see the improvement year over year in our fuel systems business,

which was largely driven by momentum in the refuse sector."

Outlook

We are well positioned to navigate the current uncertainty, and there are many

things that make us optimistic.

Natural gas is gaining momentum as the alternative fuel of choice for fleets.

The route to 10x growth from North American natural gas heavy duty trucking by

2030 is achievable.

Despite the current macro-economic uncertainty and limited near-term visibility,

we are confident in Hexagon's medium- and long-term profitable growth.

For further details, please see the attached first quarter 2025 report and

presentation.

Presentation of the results today at 08:30 am CET

Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am

today. The presentation will be held in the Auditorium at Hexagon's location in

Oslo, Haakon VIIs gate 2, on the lower level.

The presentation will also be broadcast live via:

https://channel.royalcast.com/landingpage/hegnarmedia/20250515_6/

For more information:

David Bandele, CFO, Hexagon Composites

Telephone +47 920 91 483 I [email protected]

Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites

Telephone: +47 988 92 161 | [email protected]

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.

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