Nel Asa (NLLSF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.163 Good morning, and welcome to Nell's fourth quarter and fall year 2025 00:00:05.163 -- 00:00:08.371 results presentation. My name is Håkon Voldahl. 00:00:08.371 -- 00:00:13.564 I am the CEO. With me today, I have our CFO, Kjell Christian Bjørnson, and 00:00:13.564 -- 00:00:19.132 our Head of Investor Relations, Marketing and Communications, Lillen Flinders. 00:00:22.660 -- 00:00:27.671 Today we have the following agenda. We will skip the Nelling brief section and 00:00:27.671 -- 00:00:33.404 go straight to the fourth quarter and fiscal financial year 2025 highlights. 00:00:33.404 -- 00:00:37.854 We will have a commercial update. We will talk about our new technology that we are about 00:00:37.854 -- 00:00:43.362 to launch, and we will, as usual, end with a Q&A session. 00:00:48.057 -- 00:00:53.304 Quarterly highlights. Revenue from contracts with customers came in at 330 00:00:53.304 -- 00:00:58.551 million NOC in the quarter. We had an EBITDA of minus 36 00:00:58.551 -- 00:01:03.637 million NOC. Solid order intake. I think it's the second best order 00:01:03.637 -- 00:01:07.182 intake in Nell's history of 686 00:01:07.182 -- 00:01:11.948 million NOC. Order backlog increased to 1.3 billion NOC. 00:01:11.948 -- 00:01:17.875 And we ended the year with a cash balance of 1.6 billion NOC. 00:01:17.875 -- 00:01:21.062 In the quarter, we had several highlights. 00:01:21.062 -- 00:01:23.583 Among them, the 00:01:23.727 -- 00:01:28.918 PEM purchase orders from High Fuel and Kaupanes from Hydrogen 00:01:28.918 -- 00:01:34.379 Solutions in Norway together combined value of more than $50 million. 00:01:34.379 -- 00:01:38.944 We were chosen as a technology provider for Green8 00:01:38.944 -- 00:01:44.710 projects in Kristiansund and Slagentangen...