Logotype for Vow Green Metals

Vow Green Metals (VGM) investor relations material

Vow Green Metals H2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Vow Green Metals
H2 2024 earnings summary28 Feb, 2025

Executive summary

  • First shipment of product delivered for customer qualification, marking a key commercial milestone.

  • Construction and installation at the Hønefoss facility progressed, with all pyrolysis reactors installed and mechanical completion of major installations in December 2024.

  • Vardar increased its stake in the Hønefoss project to 33%, and additional bridge financing was secured in early 2025.

  • Announced the Eiktyr project, a 30,000-ton facility as part of a green industry cluster in Orkland, with feasibility and pre-study completed.

  • Zoning plan for Viken Park project approved, with appeal processing expected by end of Q2 2025.

Financial highlights

  • EBITDA loss of NOK 17.7 million for H2 2024, compared to NOK 14.5 million loss in H2 2023; full-year EBITDA loss of NOK 31.6 million.

  • Net loss for H2 2024 was NOK 24.2 million, compared to NOK 16.4 million in H2 2023; full-year net loss of NOK 39.9 million.

  • Total assets as of 31 December 2024 were NOK 436.4 million, up from NOK 183.2 million at year-end 2023.

  • Cash and cash equivalents stood at NOK 70.5 million at year-end 2024.

  • Total equity stood at NOK 188.0 million, representing an equity ratio of 43%.

Outlook and guidance

  • Targeting 200,000 tons of biocarbon production capacity, with over 80,000 tons matured in the project portfolio.

  • Planned final investment decisions for Viken Park and Eiktyr projects in 2025.

  • Regulatory and macroeconomic trends, including the EU Green Deal and rising EU ETS prices, are expected to drive demand for sustainable metals and biocarbon.

  • Ongoing efforts to secure long-term financing and bridge loans to support project development and liquidity.

  • Processing of Viken Park zoning appeal expected to complete by end of Q2 2025.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, 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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
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.
App-store-avatar.png play-store-avatar.png
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Vow Green Metals AS is a Norway-based company focused on sustainable industrial solutions. It produces biocarbon for the metallurgical industry and generates CO2-neutral gas, which supports industries with high energy consumption in reducing their carbon footprint. The company operates through a build-own-operate model, establishing plants for the production of biocarbon and renewable energy. Vow Green Metals aims to contribute to the global green transition by supplying renewable materials and energy sources that help industries meet net-zero emission targets. 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