Hexagon Composites — Earnings Release 2025

Feb 12, 2026

Hexagon Composites ASA: Fourth quarter and full year 2025

Hexagon Composites ASA: Fourth quarter and full year 2025

12 February 2026: 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 831 million for fourth quarter 2025

(Q3'25: 538 million). The reported EBITDA was NOK 156 million and NOK 49 million

adjusted for certain non-recurring items (Q3'25: NOK -45 million), resulting in

a 6% adjusted EBITDA margin (Q3'25: -10%).

"After spending the majority of 2025 navigating an unprecedented industry

downturn, we delivered sequential revenue growth and improved profitability in

the fourth quarter," said Philipp Schramm, CEO of Hexagon Composites. "While we

enter 2026 with the lingering effects of that market uncertainty, I'm encouraged

to see early signs of gradual stabilization in our core markets, together with

the underlying positive impact of our strategic and cost measures."

For 2025, full year revenues were NOK 2 955 (4 877) million, mainly impacted by

macro economic uncertainty in our core North American businesses, partially

offset by record demand in the Refuse segment. The full year EBITDA totaled NOK

158 (637) million and NOK 65 million adjusted for certain non-recurring items.

Outlook

Entering 2026, we are cautiously optimistic about what the year will bring. With

the current visibility, we expect a modest first half of the year in line with

normal seasonality and continued market uncertainty, with gradual improvement in

the second half.

Our key priorities are clear: maintaining strict financial discipline,

leveraging our core technology to develop adjacent revenue streams and

accelerating the adoption of natural gas vehicles.

Natural gas remains the only viable alternative to diesel in long-haul, heavy

-duty and high-energy intensive mobility applications and as an industry leader

with unmatched capacity and customer bases, I remain confident in the long-term

growth of Hexagon.

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

presentation.

Presentation of the results today at 08:30 am CET

Philipp Schramm, CEO and Eirik Løhre, CFO will present the results at 08:30 am

CET today, broadcasted live via this

link (https://qcnl.tv/p/Ebm5RxvfG7qOI_4LtoBdQw).

The presentation of the results will be a virtual event, followed by a Q&A

session. The quarterly report, presentation, and webcast recording will be made

available at www.hexagongroup.com.

For more information:

Eirik Løhre, CFO, Hexagon Composites

Telephone: +47 909 95 820 I eirik.lohre@hexagongroup.com

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

Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

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.