BCS: Fourth quarter financial results and operational update

(Bergen, 19 February 2026): Bergen Carbon Solutions AS (BCS, OSE:BCS)

Bergen Carbon Solutions AS (BCS), the pure-play carbon capture and utilization (CCU) company, today provides an operational update and financial results for the fourth quarter and full year 2025.

BCS has delivered solid progress throughout 2025, driven by technological innovation and improved financial discipline. The company made a major leap in its core technology, now operating from a more stable and repeatable process platform that enables greater control over electrolysis and carbon powder quality. This development marks a crucial milestone, allowing BCS to shift focus from experimentation to systematic testing in battery applications.

BCS has also strengthened its financial position, notably reducing burn rate and enhancing cost discipline compared to prior years. With additional grants from Innovation Norway, the company is well-positioned for the next phase of growth.

Global trends, including rising geopolitical tensions and an increased emphasis on local supply chains, have highlighted the growing importance of sustainable, regionally based material production.

As a direct result of our technological progress during 2025, the priority for 2026 will be to produce larger test volumes with consistent quality, external validation, and strengthen collaboration with key industrial and academic partners in Asia and Europe. The establishment of an international Advisory Board has further bolstered BCS’s capabilities and readiness for industrial partnerships.

Reflecting on the year, CEO Odd Strømsnes states, “We exit the year as a more robust company, with a stable technology platform, improved financial position, and a clear and executable plan for the next phase of development.”

Presentation: The company will host an operational live update presentation today at 08:00. You are welcome to join the presentation online. A recording of the presentation will be available on our website after the session.

Presentation details: - Date: Thursday 19th of February 2026 at 08:00 a.m. (CET) - Language: English - Q&A: may be submitted in advance to fredrik.oksnes@bergencarbonsolutions.com or live during the session.

Link to webcast: https://bergencarbonsolutions.com/articles/invitation-to-presentation-of-bcs-operational-update-including-financial-results-for-q4-2025

The presentation and financial report for Q4 2025 are enclosed.

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For further information please contact: Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571 Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381

About Bergen Carbon Solutions: Bergen Carbon Solutions is a technology company in the field of carbon utilisation. The company is working to make CO2 a valuable resource, using energy to turn the excessive greenhouse gas into solid carbon. With its groundbreaking, proven process for carbon capture and utilization (CCU), Bergen Carbon Solutions is enabling clean carbon for the battery industry. The technology may provide stable delivery of carbon nanotubes and graphite, helping manufacturers to be less exposed to the raw material risks of geopolitical rivalry. Established in 2016, based in Norway and listed on Euronext Growth, Bergen Carbon Solutions is targeting the fast-growing battery industry globally, and other carbon intensive industries looking to replace conventional, fossil-based solutions to stay relevant in their markets.  Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/ Bergen Carbon Solutions | www.bergencarbonsolutions.com