NEL ASA

NEL ASA

0.19
EUR
+0.00
(-2.05%)
-0.06EPS
377.72MMarket Cap
Feb 19Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.02
0.05
0.17
0.14
0.33
0.43
0.43
0.42
0.52
0.59
0.82
0.83
0.53
0.44
Basic EPS, GAAP
-5.29
-0.02
-0.04
-0.08
-0.06
-0.18
-0.22
0.92
-1.14
-0.76
-0.52
-0.15
-0.7
-0.73
Free Cash Flow per Basic Share
-5.12
0.01
-0.07
-0.11
-0.22
-0.23
-0.26
-0.33
-0.48
-0.55
-0.75
-0.46
-0.22
-0.2
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.37
- -
- -
Book Value per Share
0.65
0.56
1.07
0.98
1.41
1.41
1.51
3.89
3.45
3.49
3.71
2.98
2.14
1.96
Tangible Book Value per Share
0.65
0.25
0.47
0.38
0.32
0.43
0.6
3.11
2.67
2.89
3.1
2.36
1.82
1.62
Basic Weighted Avg Shares
7
265
526
685
838
1,054
1,204
1,367
1,461
1,538
1,652
1,671
1,806
1,838
Sales/Revenue/Turnover
- -
12
89
98
275
453
519
578
753
915
1,350
1,390
963
806
Operating Margin (%)
-22,932.73
-108.34
-33.42
-72.47
-42.6
-43.26
-49.24
-55.81
-77.35
-110.16
-38.26
-35.25
-71.36
-190.12
Depreciation Expense
1
4
16
10
36
64
76
163
103
171
224
216
1,090
1,051
Net Income, GAAP
-37
-7
-22
-56
-52
-189
-270
1,262
-1,667
-1,171
-855
-244
-1,265
-1,333
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-23,341.79
-53.96
-24.54
-56.71
-19.07
-41.67
-51.96
218.19
-221.33
-128.02
-63.36
-17.58
-131.36
-165.45
Working Capital
8
105
332
234
370
437
698
4,163
3,439
3,786
4,049
2,406
2,222
1,998
LT Debt
- -
8
15
45
30
37
110
107
137
193
222
216
190
178
Total Equity
9
196
731
671
1,409
1,579
1,847
5,468
5,039
5,450
6,198
4,977
3,933
3,602
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-291.61
-6.36
-4.69
-7.96
-5.04
-12.64
-15.75
34.5
-31.73
-22.33
-14.68
-4.37
-28.4
-30.8

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
43
42
41
LT Borrowings
- -
- -
- -
LT Finance Leases
190
183
178
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,838
1,838
1,838
Market Capitalization
4,157
3,858
4,268

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,987
2,751
2,664
Cash, Cash Equivalents & STI
1,622
1,443
1,328
Accounts Receivable, Net
241
199
227
Inventories
919
905
890
Total Current Liabilities
765
623
666
Payables & Accruals
- -
- -
- -
ST Debt
43
42
41
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30.02%
-5.33%
-20.98%
Free Cash Flow
38.11%
7.58%
-48.24%
Net Income, GAAP
-5.66%
11.5%
417.76%
Sales/Revenue/Turnover
35.28%
14.3%
-30.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
276
332
366
416
1,390
2025
155
174
- -
330
963
2026
148
153
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.03
-0.07
-0.04
-0.15
2025
-0.11
-0.07
- -
-0.47
-0.7
2026
-0.08
-0.1
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.37
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Håkon Rypern Volldal
Full Time Employees
346
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Karenslyst allé 49 Oslo PS Norway 0279
IPO Date
May 13, 2008
Business
Nel ASA, headquartered in Oslo, Norway with roots tracing to 1927, provides hydrogen solutions including PEM and alkaline electrolysers for producing renewable hydrogen from water electrolysis, hydrogen fueling stations such as the H2Station brand for fuel cell electric vehicles, and related equipment for storage and distribution; the company operates through Nel Hydrogen Electrolyser and Nel Hydrogen Fueling segments with manufacturing facilities in Herøya and Wallingford Connecticut Norway United States Denmark and serves industries including transportation refining steel ammonia fertilizer automotive energy power semiconductors maritime coastal applications across more than 80 countries in regions spanning North America Europe Asia Africa South America and Oceania. Nel maintains production capacities of 1GW annual alkaline electrolysers at its automated Herøya facility following completion of Line 2 in 2025 doubled from 500MW scaling PEM output to 500MW in Connecticut and holds a fueling station plant in Herning Denmark capable of 300 units yearly. Recent developments encompass a March 2025 EPC collaboration agreement and private placement with SAMSUNG E&A granting the partner 9.1% ownership as largest shareholder for approximately NOK 353 million enabling integrated hydrogen plants using Nel electrolysers alongside PEM orders exceeding USD 50 million for HyFuel and Kaupanes projects Enova-backed electrolyser grants of EUR 135 million for next-generation technology industrialization receipt of US Navy stack orders for submarine oxygen generation and supply contracts to GreenH for Norwegian hydrogen projects supporting maritime and coastal decarbonization.

Company News