Hexagon Purus ASA: Results for the second quarter 2026
Hexagon Purus ASA reported a 25% revenue decline for the second quarter of 2026 compared to the previous year, citing lower activity in transit bus and industrial gas sectors. Despite an operating loss, the company is evaluating its capital structure to improve financial flexibility.
Why it matters
The financial results highlight the challenges faced by companies in the hydrogen and clean energy infrastructure sector.
Hexagon Purus ASA: Results for the second quarter 2026
Hexagon Purus Q2 2026 consolidated financials
In the second quarter of 2026, Hexagon Purus ("the Company” or "the Group”) generated revenue and other income of NOK 146 million, down 25% compared to the corresponding period in 2025. Excluding the U.S. divestment which occurred in the first quarter of 2026, the decrease in revenue was 6% and primarily driven by lower activity within transit bus and industrial gas applications, partly offset by higher activity in hydrogen infrastructure.
Total operating expenses in the second quarter of 2026 amounted to NOK 248 (355) million, leading to an operating profit before depreciation (EBITDA) of NOK -102 (-161) million.
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