)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
HydrogenPro
HydrogenPro (HYPRO) investor relations material
HydrogenPro Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Q4 2025 revenue was NOK 17 million, down from NOK 35 million in Q3 and NOK 70 million in Q4 2024, mainly due to lower ACES project activity.
EBITDA for Q4 2025 was NOK -49 million, with a net loss of NOK -44 million, aided by a NOK 16 million tax income from Denmark.
Full ownership of the Tianjin, China manufacturing site was acquired, increasing capacity to 500 MW/year.
ACES project commissioning is nearing completion, with all electrolyzer units at 100% load capacity.
Four major projects in final contract stages, representing NOK 1 billion in potential value, with a healthy pipeline for 2026 FIDs.
Financial highlights
Q4 2025 revenue was NOK 17 million, down from NOK 35 million in Q3 2025, mainly due to lower ACES project revenue.
Gross margin for Q4 2025 was -23%, compared to 55% in Q3 2025 and 41% in Q4 2024, impacted by ACES project costs.
Cash balance at year-end was NOK 102 million, down from NOK 121 million in Q3 and NOK 191 million in Q4 2024.
Backlog at year-end stood at NOK 275 million.
Annualized cost savings exceeded NOK 50 million by year-end, representing a 24% reduction in the fixed cost base.
Outlook and guidance
Pipeline supports short-term growth, with NOK 1 billion in projects at final contract stage and expected FIDs in 2026.
Confident in liquidity to support operations through 2026, assuming market uptick and FIDs.
Global committed investment in clean hydrogen projects reached USD 110 billion in 2025, with demand estimated at 5.5–10.2 Mtpa by 2030.
Europe and India are highlighted for recent progress and competitive bids, with regulatory clarity improving.
Positioned to benefit from next-generation electrode technology and local assembly in Europe.
Mitigating EU trade barriers and cost increases
Plan to achieve positive cash flow from operations
Electrode technology's role in LCOH reduction
How does ACES project completion aid sales?
When are NOK 1B projects expected to reach FID?
How do cost savings enhance market competitiveness?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next HydrogenPro earnings date
Q1 202613 May, 2026
HydrogenPro
Next HydrogenPro earnings date
Q1 202613 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
HydrogenPro designs and supplies large-scale electrolyzers and related systems for industrial hydrogen production. The company focuses on green hydrogen solutions for decarbonization initiatives. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage