Ocean-GeoLoop
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Ocean-GeoLoop (OCEAN) investor relations material

Ocean-GeoLoop Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary5 Nov, 2026

Executive summary

  • Strategic transition to COOL progressing as expected; carbon capture activity substantially scaled down, with selected assets retained.

  • YTD 2026 net loss was NOK 40.184m; cash and cash equivalents ended the period at NOK 23.684m.

  • Net financing cash flow of NOK 54.029m helped offset operating and investing outflows.

Financial highlights

  • Q3 2026 revenue was NOK 37.8m, compared with NOK 51.3m in Q3 2025.

  • YTD 2026 loss before tax was NOK 41.121m; net loss was NOK 40.184m, including NOK 0.937m in income tax expense.

  • Net loss attributable to owners of the parent was NOK 35.180m; NOK 5.004m was attributable to non-controlling interests.

  • Sale of Ocean TuniCell AS shares to Lifecare ASA generated a NOK 6.3m gain.

Key financial ratios and metrics

  • Q3 EBITDA loss narrowed to NOK 3.3m from NOK 9.9m in Q3 2025.

  • YTD 2026 operating cash flow was negative NOK 50.188m, versus positive NOK 18.231m in YTD 2025.

  • Total assets were NOK 167.885m and total equity was NOK 73.114m as of September 30, 2026.

  • Energi Teknikk order backlog was NOK 100m at September-end, compared with NOK 189m a year earlier.

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Frequently asked questions

Ocean GeoLoop AS is a Norwegian green technology company focused on carbon capture, utilization, and storage (CCUS). The company has developed the GeoLoop CC technology, which captures CO₂ emissions from industrial sources using natural processes. Their solution is aimed at helping industries reduce emissions and support the transition to renewable energy. Ocean GeoLoop targets sectors such as lime, cement, and other heavy industries with significant carbon footprints. Ocean GeoLoop is headquartered in Verdal, Norway, and its shares are listed on the Oslo Stock Exchange.