Hexagon Composites ASA: Third quarter 2025

06 November 2025: Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 538 million for third quarter 2025 (Q3'24: 1 250 million). The reported EBITDA was NOK -54 million (Q3'24: NOK 184 million), resulting in a -10% EBITDA margin (Q3'24: 15%).

"Ever evolving trade and tariff policies, high capital cost and a cyclical downturn in our key segments are creating a unique and unprecedented decline, a 'perfect storm' if you will, in our core markets," said Philipp Schramm, CEO of Hexagon Composites. "We are well underway with our Group-wide cost savings program, aimed at improving our EBTIDA break-even point and protecting our liquidity."

Outlook Despite a soft near-term outlook, our long-term growth ambitions are firmly intact. Key market drivers such as an aging truck fleet in the US, positive returns on investment and exciting feedback on the game-changing X15N engine make us confident that the industry ambition of 8-10% growth in natural gas trucking will come. It is not a question of if, but when.

For further details, please see the attached third quarter 2025 report and presentation. Presentation of the results today at 08:30 am CET Philipp Schramm, CEO and David Bandele, CFO will present the results at 08:30 am CET today, broadcasted live via this link: https://akercreativehub.eventcdn.net/events/hexagon-composites-webcast-q3 -2025

The presentation of the results will be a virtual event, followed by a Q&A session. A recording of the presentation will be made available on www.hexagongroup.com.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation. This stock exchange release was published by Berit -Cathrin Høyvik, Senior Director Communications, Hexagon Composites ASA at the time and date provided.

For more information: David Bandele, CFO, Hexagon Composites Telephone +47 920 91 483 I david.bandele@hexagongroup.com Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.