Hydrogenpro As (HYPRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Hydrogen Pro's third quarter presentation. As usual, I'm accompanied by my excellent CFO, Martin Holte, who will present the financial results. I will take you through the highlights and our recent developments, market updates and our partnership strategy. For those of you who do not know us yet, HydroDepot is an OEM company focusing on core technology which is well suited for renewable energy sources. Our products are pressurized alkaline electrolyzers and a gas separation unit skid. Addressing market for decarbonization of selected large-scale industry segments, which are already using gray hydrogen or where decarbonization is hard to achieve through electrification. Hydrogen Pro is delivering to two of the largest projects in the world. Right now, a 220 megawatt project, which is starting up these days, and a 100 megawatt project, which we have delivered, all the main components and now we are producing our third generation electrodes in our new factory in Denmark. Few other electrolyser OEMs are delivering to projects of the same scale. Of the recent highlights, our revenue last quarter ended at 35 million Norwegian kroner. with a gross margin that improved to 55%. We continue our strong focus on technology improvement and expanding our electrode testing and development. The previous announced partnership with Thermax is on a good track. And also our work to establish a foothold in the Middle East is making very good progress. And last but not least, I'm very happy to announce the embarkment of a new head of sales and commercial. Martin, please. Thank you, Jarle. Then I will walk you through the Q3 financials. So in the quarter, revenues came in at 35 million. And those revenues are mainly related to deliveries on the ACES project. On ...