Nel ASA
OTC:NLLSF

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Nel ASA
OTC:NLLSF
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Price: 0.228 USD -1.43% Market Closed
Market Cap: 381m USD

Nel ASA
Investor Relations

NEL ASA operates as a hydrogen company, which provides solutions to produce, store and distribute hydrogen from renewable energy. The company is headquartered in Oslo, Oslo and currently employs 486 full-time employees. The company went IPO on 2004-08-27. The firm delivers solutions to produce, store and distribute hydrogen from renewable energy. Nel ASA serves industries, energy and gas companies with hydrogen technology. The Company’s hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing fuel cell electric vehicles with the same fueling and long range as conventional vehicles. The Company’s subsidiaries are: H2 Logic A/S in Denmark; Hyme AS, Nel Fuel AS, New Nel Hydrogen Holding AS and RotoBoost H2 AS in Norway, as well as Proton Energy Systems Inc based in the United States.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Revenue Rebound: Nel reported revenue of NOK 303 million, down 17% year-on-year but up 74% quarter-over-quarter, marking a strong sequential recovery.

Improved EBITDA: EBITDA loss narrowed to minus NOK 37 million from minus NOK 90 million last year, reflecting better cost control and project execution.

Order Intake Weakness: Order intake was NOK 57 million, indicating continued sluggish new business momentum compared to prior periods.

Healthy Cash Position: The company ended the quarter with NOK 1.757 billion in cash, and management highlighted a declining cash burn rate.

Market Slowdown: Management acknowledged a tougher market in 2025 than in 2024, citing delays and cancellations in large projects and regulatory headwinds in Europe.

Pipeline & Guidance: Nel is involved in over 500 megawatts of FEED studies, with possible equipment orders spread through 2026, but exact timing remains uncertain.

Technology Progress: The next-generation pressurized alkaline electrolyzer is on track for hot commissioning, with commercial launch and deliveries targeted for 2026–2027.

Key Financials
Revenue
NOK 303 million
EBITDA
minus NOK 37 million
Order Intake
NOK 57 million
Order Backlog
NOK 984 million
Cash Balance
NOK 1.757 billion
Year-to-Date Revenue
NOK 633 million
Personnel Expenses Reduction
almost NOK 60 million year-to-date
Employee Count
354
Earnings Call Recording
Other Earnings Calls

Management

Mr. Hakon Rypern Volldal
Chief Executive Officer
No Bio Available
Mr. Kjell Christian Bjornsen
Chief Financial Officer
No Bio Available
Mr. Marius Løken
Chief Technical Officer
No Bio Available
Mr. Stein Ove Erdal J.D.
Senior VP of Legal & General Counsel
No Bio Available
Mr. Hans H. Hide
Chief Project Officer of Electrolyser
No Bio Available
Mr. Robert Borin
Senior Vice President of Fueling Division
No Bio Available
Mr. Wilhelm Flinder
Head of Investor Relations
No Bio Available
Mr. Lars Nermoen
Head of Communications
No Bio Available
Ms. Anne Liberg
Chief Human Resources Officer
No Bio Available
Tomas Tronstad
Managing Director of Hyon
No Bio Available

Contacts

Address
OSLO
Oslo
Karenslyst alle 20
Contacts
+4723248950.0
nelhydrogen.com