Cavendish Hydrogen ASA Q4 Report
Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Oslo Bors |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
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(February 26, 2026 – Oslo, Norway) Cavendish Hydrogen ASA (Cavendish, the company, Oslo Børs ticker: CAVEN) reported revenues of EUR 1.9 million for the fourth quarter 2025. During the quarter, the company secured a new contract with a customer in Italy, and hydrogen dispensed from Cavendish stations reached a new all-time high of 372,000 kg, an important indicator of growing demand. In addition, cost reduction measures are beginning to show effect, most visibly in reduced cash consumption. Shortly after the quarter, Cavendish was awarded one of its most significant contracts in recent years, strengthening the company’s order backlog.
Q4 2025 Highlights:
· Revenue was EUR 1.9 million and EBITDA result was EUR -3.9 million.
· Cash position was EUR 20.2 million at the end of the quarter.
· Secured an important new contract with a new customer, expanding presence in Italy.
· An all-time high of 372 000 kg of hydrogen was dispensed from Cavendish fueling stations this quarter.
· Commissioned a new station with our partner Mesure Process (MPH) in France, adding to our expanding fleet of active stations across Europe.
Subsequent Events:
· January 14, 2026: Secured a new contract for a hydrogen fueling station for buses including infrastructure in Germany reinforcing Cavendish’s position in Europe’s energy transition.
Commenting on Cavendish's Q4 performance, CEO Robert Borin said:
“As I look back on the fourth quarter and the year behind us, it is clear to see that it has been a challenging period. Our results have been negatively impacted by the longer than expected dip in the market. However, it has been encouraging to see the recent contract wins, the product improvements and the cost reduction initiatives the organization has been working hard to implement. These initiatives have already shown real impact, most visibly in reduced cash consumption and improved equipment and organizational performance. In Q4 we announced a new contract for hydrogen fueling equipment in Italy and shortly after the quarter, we announced one of the largest contract awards for Cavendish in recent years. These two important awards validate our equipment performance, innovative product offering and strengthen our European footprint. While Cavendish has experienced improved commercial results with several new contract awards recently, the hydrogen market is still slow and cost focused. We are continuously streamlining and adapting our business to improve and stay resilient.”
Outlook:
Cavendish expects group revenue for the first quarter of 2026 to be higher than in the fourth quarter of 2025 and the first half of 2026 to be higher than in the second half of 2025. Although the short-term outlook is cautious, Cavendish is optimistic about the long-term potential for hydrogen fueling, especially within buses and heavy-duty trucks.
The Q4 2025 results will be presented on February 26, 2026, at 10:00 CET via live webcast and participants are invited to attend the presentation and Q&A session at the following link: https://events.teams.microsoft.com/event/c1d41f61-673c-4384-b088-ecbce028a1ea@1c376fce-a93e-4933-9295-5f367686af5b .
For the full report and presentation, please see the attachments or visit www.cavendishh2.com (http://www.cavendishh2.com/) .
For additional information, please contact: