Ocean-GeoLoop (OCEAN) Q3 2026 earnings summary

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.