Q3 2025 Hexagon Purus ASA Earnings Call Transcript

Oct 21, 2025 / 06:30 AM GMT

Transcript

Key Points

Positve

Hexagon Purus ASA (HPURF) reported a 30% sequential increase in revenue for Q3 2025, marking the highest revenue quarter so far this year.
The company has implemented significant cost reduction measures, resulting in a leaner cost base and improved financial performance.
There is strong momentum in the hydrogen mobility sector, particularly in transit buses, driven by local and municipal adoption of zero-emission transportation in Europe.
Hexagon Purus ASA (HPURF) has a solid order book of around 1 billion NOK, providing good visibility for Q4 and potential for an all-time high revenue in a single quarter.
The aerospace segment is experiencing strong demand, with a solid position in the US commercial space exploration market and a good order book for 2026.

Negative

Revenue for Q3 2025 was 54% lower compared to the same period last year, primarily due to lower revenue from hydrogen infrastructure and heavy-duty mobility.
The company faced execution-related issues and customer-driven shifts, resulting in some revenue being pushed into Q4 and 2026.
Hexagon Purus ASA (HPURF) is still in negative margin territory, although there was a significant sequential improvement in Q3.
The battery electric trucking area is expected to ramp up slower than previously anticipated, with the North American truck market currently weak.
The company underwent a second round of workforce reductions, reducing the total workforce by around 30% compared to 2024, which may impact operational capacity in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HPUR.OL - Hexagon Purus ASA
Q3 2025 Hexagon Purus ASA Earnings Call
Oct 21, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hi and welcome to Hexagon Purus Q3 2025 presentation. My name is Mattias Maid, and I am the IR director of Hexagon Purus. I will be moderating from the studio in Oslo, and from the studio. I'm also joined by the group CEO Martin Houllum, and the group CFO, Salman Allam. The agenda for today includes, as usual, the highlights from the quarter, a company update, the financials, and the outlook. We will end the presentation with a Q&A session, so please feel free to enter your questions via the function on your screen. So, with that, I'll pass the word over to you, Martin, who will take us to the highlights of the quarter.

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Unidentified_2 [2]

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