Ocean-GeoLoop (OCEAN) Q2 2025 earnings summary

Executive summary

• Focused on commercializing a proven, clean carbon capture technology targeting hard-to-abate sectors, especially European lime and cement industries.

• Strategic partnerships and pilot projects with NorFraKalk, Yara, and Herøya Industrial Park to demonstrate scalability and efficiency.

• Technology offers non-toxic, energy-efficient, and modular solutions adaptable to various industrial processes.

Financial highlights

• Revenue and operating income for H1 2025 reached NOK 106.8 million, up from NOK 105.0 million in H1 2024.

• EBITDA was NOK -24.3 million, down from NOK -14.6 million in H1 2024.

• Net loss for H1 2025 was NOK -34.9 million, compared to NOK -22.2 million in H1 2024.

• Cash balance at period end was NOK 34.9 million, down from NOK 80.8 million a year earlier.

Outlook and guidance

• Prioritizing commercial scaling in lime, cement, and waste-to-energy sectors, with a focus on licensing and service-based revenue models.

• Ongoing expansion of market presence in Europe and strengthening of international networks.

• Continued optimization of technology to further reduce energy consumption and operational costs.