Nel ASA

Nel ASA

NLLSF
Nel ASAUS flagOther OTC
0.18
USD
-0.04
- -
330.85MMarket Cap
Nel ASA
NLLSF
(Other OTC)

Recent

price

0.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.31
0.7
0.03
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
0.65
Revenue per Share
-11.97
-7.89
-9.29
-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
-0.28
Basic EPS, GAAP
-10.85
-8.63
-8.58
-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
-0.25
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.37
- -
- -
Dividend per Share
20.35
12.03
3.74
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
2.66
Book Value per Share
19.94
11.7
3.61
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
2.13
Tangible Book Value per Share
3
4
4
7
265
526
685
838
1,054
1,204
1,367
1,461
1,538
1,652
1,671
1,806
1,722
Basic Weighted Avg Shares
1
3
- -
- -
12
89
98
275
453
519
578
753
915
1,350
1,390
963
1,111
Sales/Revenue/Turnover
-3,890.31
-1,196.1
-32,733.68
-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
-64.17
Operating Margin (%)
1
1
1
1
4
16
10
36
64
76
163
103
171
224
216
1,090
265
Depreciation Expense
-42
-35
-41
-37
-7
-22
-56
-52
-189
-270
1,262
-1,667
-1,171
-855
-244
-1,265
-489
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-3,825.32
-1,122.83
-32,355.3
-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
-44.03
Profit Margin (%)
93
57
15
8
105
332
234
370
437
698
4,163
3,439
3,786
4,049
2,406
2,222
2,414
Working Capital
5
2
- -
- -
8
15
45
30
37
110
107
137
193
222
216
190
205
LT Debt
90
53
16
9
196
731
671
1,409
1,579
1,847
5,468
5,039
5,450
6,198
4,977
3,933
4,888
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-70.31
-48.75
-117.84
-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
-9.8
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
44
44
43
LT Borrowings
- -
- -
- -
LT Finance Leases
216
214
205
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,671
1,838
1,838
Market Capitalization
4,490
4,444
4,558

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,408
3,502
3,362
Cash, Cash Equivalents & STI
1,859
2,059
1,928
Accounts Receivable, Net
701
214
203
Inventories
532
890
905
Total Current Liabilities
1,002
958
949
Payables & Accruals
- -
- -
- -
ST Debt
44
44
43
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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

FRC

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

FRC

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

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.37
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Nel ASA, a Norway-based hydrogen company founded in 1927 and headquartered in Oslo, provides solutions to produce, store and distribute renewable hydrogen globally through its two main segments, Nel Hydrogen Electrolyser and Nel Hydrogen Fueling; the Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology, including atmospheric and pressurized alkaline electrolysers, and proton exchange membrane (PEM) water electrolysis technology with containerized systems such as the MC 500, serving industries including maritime, refining, steel, cement, ammonia, fertilizer and energy; the Fueling segment manufactures hydrogen fueling stations, branded H2Station, for fuel cell electric vehicles ranging from cars to buses and trucks. Nel operates production facilities in Herøya, Norway, for alkaline electrolysers with 1 GW annual capacity following the operationalization of Line 2 in 2025, Wallingford, USA, for PEM stacks, and Herning, Denmark, for fueling stations, delivering equipment to over 80 countries across Europe, North America, Asia, Africa, South America and Oceania. Recent developments include a March 2025 EPC collaboration agreement and private placement with SAMSUNG E&A, under which the South Korean firm acquired a 9.1% stake for NOK 353 million ($33 million) to become Nel's largest shareholder and integrate Nel's electrolysers into complete hydrogen plants; a November 2025 PEM purchase order valued over $50 million from the HyFuel and Kaupanes 20 MW projects in Norway, supported by Enova grants and marking Nel's second-largest contract; a purchase order for PEM stacks from Collins Aerospace for US Navy submarine oxygen generation; EUR 135 million EU Innovation Fund grant in October 2024 for next-generation pressurized alkaline technology industrialization at Herøya targeting up to 4 GW capacity; and an equity stake acquisition in spin-off Cavendish Hydrogen.

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