Slide 1: Interim Report Q4 2025
26 FEBRUARY 2026 INTERIM REPORT Q4 2025
Slide 2: Agenda
AGENDA • Market Update • Portfolio Developments • Q4 Significant Events • South Korea • Technology Development • Focus 2026 INTERIM REPORT SEP – DEC 2025 | HEXICON AB (PUBL) 2
Slide 3: Market Update: Offshore Wind
MARKET UPDATE OFFSHORE WIND New Global Floating Wind Installations (MW)2 9000 8300 Global overview 8000 7550 6920 • Political momentum continues, but structural headwinds remain: high 7000 capex and slow permitting¹ 6000 5724 • Global floating wind installations is at 277 MW2 5000 4700 MW 3800 3810
Slide 4: Global Portfolio Ready to Deliver Value
GLOBAL PORTFOLIO READY TO DELIVER VALUE Diversified portfolio in terms of project size, stage of development, geography and partners Latest project developments • A large impairment was recognised in the TwinHub project during Q4 2025, driven by poor macro-climate and difficulties to divesting the p
Slide 5: Significant Events
SIGNIFICANT EVENTS October • Capital structure, EGM approved issuance of warrants - At the Extraordinary General Meeting, shareholders approved warrants linked to the extended RCF, strengthening funding flexibility. After the quarter • A Control Balance Sheet December was completed and • Portfolio r
Slide 6: South Korea
SOUTH KOREA • In December, the government presented its Offshore Wind Infrastructure Expansion and Supply Chain plan • The plan renewed their 25 GW target for offshore wind power in 2035, meaning that 2.5 GW of offshore wind power needs to be auctioned out every year • The future offshore wind regul
Slide 7: Technology Development
TECHNOLOGY DEVELOPMENT Important milestones during 2025 • An integrated load analysis (ILA) was finalized with the wind turbine manufacturer (WTG OEM) MingYang • Hexicon is now part of a limited group of companies that have carried out an ILA with a WTG OEM. • No red flags identified • Platform cont
Slide 8: Focus 2026
FOCUS 2026 PORTFOLIO DEVELOPMENT TECHNOLOGY DEVELOPMENT FINANCING Focus on core projects Maintain technology value Secure staying power • Develop key projects through • Maintain and manage technical asset • Improve operational efficiency milestones value • Focus on divestment • Divest selected proje
Slide 9: Questions & Answers
QUESTIONS & ANSWERS Questions received from shareholders and viewers in advance. INTERIM REPORT SEP – DEC 2025 | HEXICON AB (PUBL) 9