Nel ASA reported earnings results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, the company reported sales was NOK 330.48 million compared to NOK 415.56 million a year ago. Revenue was NOK 360.8 million compared to NOK 450.48 million a year ago. Net loss was NOK 870.35 million compared to NOK 63.82 million a year ago. Basic loss per share from continuing operations was NOK 0.47 compared to NOK 0.04 a year ago. Diluted loss per share from continuing operations was NOK 0.47 compared to NOK 0.04 a year ago.
For the full year, sales was NOK 963.11 million compared to NOK 1,389.91 million a year ago. Revenue was NOK 1,100.19 million compared to NOK 1,494.93 million a year ago. Net loss was NOK 1,265.12 million compared to NOK 244.34 million a year ago. Basic loss per share from continuing operations was NOK 0.7 compared to NOK 0.15 a year ago. Diluted loss per share from continuing operations was NOK 0.7 compared to NOK 0.15 a year ago. Basic loss per share was NOK 0.7 compared to NOK 0.15 a year ago. Diluted loss per share was NOK 0.7 compared to NOK 0.15 a year ago.
Nel ASA is a Norway-based hydrogen company that delivers solutions to produce, store and distribute hydrogen from renewable energy. The Company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. The Company's business activities are divided into two operation segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment is a manufacturer of hydrogen fueling stations for Fuel Cell Electric Vehicles. Nel’s H2Station manufacturing plant is located in Herning, Denmark. The Nel Hydrogen Electrolyser segment is a global supplier of hydrogen production equipment based on both alkaline and proton exchange membrane (PEM) water electrolysis technology. Nel Hydrogen Electrolyser has production facilities in Heroya, Norway, and in Wallingford, USA.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.