HydrogenPro ASA – First half year and second quarter 2026 financial results

Summary by AI BETAClose X

HydrogenPro ASA reported second quarter and first half year 2026 financial results, with Q2 revenues at NOK 15 million, a slight decrease from NOK 16 million in Q1, while EBITDA improved to NOK -16 million from NOK -32 million. The net result for Q2 was NOK -51 million, compared to NOK -41 million in Q1. The order backlog increased to NOK 262 million from NOK 252 million, and the cash balance stood at NOK 59 million. Key developments include the commencement of Gen4 electrode production, a completed capital raise, and a shift to a leaner operational model following the LONGi OEM agreement, with asset disposals initiated. The company has a near-term pipeline of MNOK 300 for two major projects, pending regulatory and technical reviews.

Disclaimer*

21 August 2026 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the second quarter and first half year of 2026.

Achievements and highlights:

  • Commenced production of Gen4 electrodes, delivering higher efficiency and enhanced durability.
  • Completed capital raise following May's strategic review launch.
  • Shifted to a leaner local team and initiated asset disposals following the landmark LONGi OEM agreement.
  • MNOK 300 Near-Term Pipeline: Selected as supplier for two major projects, contract awards awaiting final regulatory clearance and technical review.

Q2 2026 financials (Q1 2026 numbers in brackets):

- Revenues: NOK 15 million (NOK 16 million)

- EBITDA: NOK -16 million (NOK -32 million)

- Net result: NOK -51 million (NOK -41 million)

- Order Backlog: NOK 262 million (NOK 252 million)

- Cash Balance at end of the quarter: NOK 59 million (NOK 56 million)

Jarle Dragvik, CEO of HydrogenPro, comments: “The past quarter marked important operational and strategic milestones for HydrogenPro. The launch of our new Gen4 electrodes represents a significant technological leap forward, delivering enhanced efficiency and durability to our customers. We completed a capital raise, and we continue the strategic review to unlock further shareholder value. Simultaneously, we are optimizing our execution model in China following our milestone OEM agreement with LONGi, transitioning to a leaner operational footprint and disposing of non-core assets. Looking ahead, our near-term pipeline remains robust, with two prospective contracts valued at close to MNOK 300 in total, pending regulatory approval and technical reviews”.

HydrogenPro will host a webcast presentation at 10:00 CET followed by a Q&A session. The presentation will be given by Jarle Dragvik (CEO) and Martin Thanem Holtet (CFO). Questions can be posted online during the presentation.

Link to webcast: https://qcnl.tv/p/51FNwc2bGSERttTgxNJSig

For further information, please contact:
Martin Thanem Holtet, CFO
+47 922 44 902
martin.holtet@hydrogenpro.com

About HydrogenPro:
HydrogenPro, established in 2013, specializes in pioneering green hydrogen technology solutions through partnerships with global collaborators and suppliers. Our flagship products are high-pressure alkaline electrolyzers, incorporating some of the most advanced technology available. As an OEM, we provide high-pressure alkaline electrolyzers and supply large-scale green hydrogen plants, all certified to ISO 9001, ISO 45001, and ISO 14001 standards. Our experienced engineering team consists of leading industry experts, drawing upon unparalleled knowledge and expertise in the hydrogen and renewable energy sectors. 
For more information, visit www.hydrogenpro.com 
 

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-08-21 07:00 CEST.

Attachments
HYPRO First Half Year And Q2 2026 Report Final
HydrogenPro Q2 2026 PRINT

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