Hexagon Composites reports Q3 2026 revenue of NOK 929 million
Hexagon Composites announced a significant year-over-year revenue increase to NOK 929 million for the third quarter of 2026, returning to positive EBITDA.
Hexagon Composites, a developer of composite cylinder technology for gaseous energy storage, posted revenue of NOK 929 million for the third quarter of 2026. This figure marks a substantial increase from the NOK 538 million reported during the same period in 2025.
The company reported an EBITDA of NOK 108 million for the quarter, compared to an EBITDA loss of NOK 54 million in the third quarter of 2025. This transition resulted in an EBITDA margin of 12%, a sharp improvement from the previous year's negative 10% margin.
CEO Philipp Schramm described the performance as the company's strongest since the final quarter of 2024. The results highlight the impact of internal restructuring and operational adjustments implemented by the firm over the past twelve months to stabilize its financial performance.