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Hexicon (HEXI) investor relations material

Hexicon Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary20 Aug, 2025

Executive summary

  • Floating offshore wind is in a transition phase, with global investments rebounding and a pipeline growing from 244 GW to 266 GW, driven by new auctions and policy support in Europe and Asia.

  • Portfolio size decreased due to discontinued Swedish projects and the sale of two Italian projects, with divestments also planned in the UK and South Korea.

  • South Korea remains a core market, with the MunmuBaram project regaining momentum after political stabilization and reclassification as an associated company.

  • Liquidity remains constrained, with ongoing lender negotiations to extend a SEK 75 million credit facility and secure operational runway.

  • Strategic focus is on maturing core projects, technology commercialization, and operational efficiency for 2025.

Market and industry conditions

  • Global floating offshore wind pipeline increased from 244 GW to 266 GW, reflecting a positive long-term outlook.

  • Policy support and new auctions in the UK, France, South Korea, and Japan are driving market recovery and investor confidence.

  • Offshore wind market complexity and capital requirements remain high, but policy support is increasing in key regions.

  • US market for renewables faces setbacks due to political changes, with limited near-term recovery expected.

  • South Korea's policy shift and new leadership provide a favorable environment for renewables.

Segment performance

  • Active project portfolio stands at approximately 3.5 GW net capacity, with 54% active project ownership across South Korea, South Africa, UK, Italy, and Sweden.

  • Revenue primarily from project divestments (SEK 70.8 million from Italian projects) and consulting services (SEK 10.8 million YTD).

  • Major projects include MunmuBaram (South Korea), TwinHub (UK), and Mareld (Sweden).

  • South Korea project (MunmuBaram) progressing with auction, partner search, and supply chain engagement.

  • Project portfolio now stands at approximately 7 GW net ownership, with a focus on maturing and increasing value of core projects.

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Frequently asked questions

Hexicon designs, manufactures and operates wave and wind parks that are based on a next generation floating foundation. The offshore installations are modular, scalable, efficient and environmentally friendly. Hexicon aims for a competitive power generation with no significant market risk for the project owner by designing the wave farms to be highly robust and independent projects

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