Hynion (HYN) H2 2025 earnings summary

Executive summary

• Operational activity in 2025 was limited to maintaining two hydrogen fueling stations in Norway due to weak demand and financial constraints.

• Hynion Sverige AB, a subsidiary, went bankrupt in spring 2025, and its investment was written down to zero.

• The company is undergoing a restructuring process, including asset sales and negotiations with creditors.

Financial highlights

• Sales revenue for 2025 was NOK 591,155, down 86% from NOK 4,320,634 in 2024.

• Net loss for 2025 was NOK -28,866,292, compared to NOK -54,210,884 in 2024.

• Total assets at year-end 2025 were NOK 1,438,815.

• Equity at year-end was negative NOK -25,410,203.

• Cash and cash equivalents at year-end were NOK 1,351,804.

Outlook and guidance

• Future development depends on successful completion of the ongoing restructuring plan, which aims to strengthen equity.

• Continued listing on Euronext Growth Oslo is considered crucial for further development.

• The company’s continued operation is contingent on the restructuring being executed as planned.