Nel ASA Reports Q2 2026 Financial Results
Nel ASA announced second quarter revenues of NOK 153 million, a 12% decrease year-over-year. The company's EBITDA for the quarter was negative NOK 155 million.
Oslo, Norway – Nel ASA reported its financial results for the second quarter of 2026, with revenues from customer contracts totaling NOK 153 million. This figure represents a 12% decline compared to the same period in the previous year, although it saw a modest increase of NOK 5 million from the first quarter of 2026.
Overall revenue and income for the second quarter reached NOK 182 million, an improvement from NOK 152 million reported in the first quarter of 2026. However, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) continued to be negative. The EBITDA for the quarter stood at NOK -155 million, a decrease from NOK -100 million in Q1 2026 and NOK -86 million in Q2 2025.
Nel ASA stated that the negative EBITDA in the second quarter was impacted by approximately NOK 70 million related to a settlement with Iwatani. The company did not provide specific details regarding the settlement or its long-term implications in the released figures.
Further financial details, including total order intake for the quarter, were not fully disclosed in the reported results. The company's performance indicates continued challenges in profitability, despite an increase in overall income from the prior quarter.