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Hexicon (HEXI) investor relations material
Hexicon Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 saw continued geopolitical uncertainty and a selective offshore wind market, with volatility reinforcing the need for energy security and domestic generation.
Focus was on strengthening financial position, streamlining operations, and reducing costs.
Completed debt-to-equity conversion in Freia Offshore; post-period, divested TwinHub and increased Mareld ownership.
Adaptation to market conditions and positioning for future value creation remained priorities.
Financial highlights
Net revenue: SEK 0.7 million, down from SEK 5.6 million year-over-year.
Operating loss: SEK -16.1 million, improved from SEK -19.7 million year-over-year.
Loss before tax: SEK -37.0 million, compared to SEK -21.7 million year-over-year.
Earnings per share: SEK -0.54, down from SEK -0.06 year-over-year.
Cash flow from operating activities: SEK -12.9 million.
Outlook and guidance
Priorities include safeguarding liquidity, active portfolio management, and advancing strategic partnerships.
Market for floating offshore wind is becoming more demanding but structured, requiring adaptability and discipline.
- TwinHub impairment and Pentland's progress drive a divestment-focused strategy amid industry headwinds.HEXI
Q4 202526 Mar 2026 - Operating loss narrowed in Q2 2024 as key projects advanced and financing was secured.HEXI
Q2 202423 Jan 2026 - MunmuBaram advanced amid Q3 losses, tight liquidity, and Swedish regulatory setbacks.HEXI
Q3 202412 Jan 2026 - Net loss widened despite operational gains; financing and project milestones remain critical.HEXI
Q4 202418 Dec 2025 - Revenue surged from project divestments, but short-term financing remains a critical risk.HEXI
Q2 202523 Nov 2025 - Divestments prioritized, financing extended, but losses and short-term risks persist.HEXI
Q3 202519 Nov 2025 - Project divestments and milestone achievements drive recovery amid tight financing.HEXI
Q1 202510 Nov 2025
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