Hexagon Composites (HEX) Company presentation summary

Market position and business overview

• Holds a leading position in alternative fuel and gas distribution with 50–80% market share in key regions.

• Generated NOK 4.4 billion in revenue over the last twelve months to Q2 2025, with a workforce of about 900 employees.

• Business segments include mobile pipeline, fuel systems for commercial vehicles, and aftermarket services.

• Key customers span logistics, automotive, and energy sectors.

Macroeconomic and operational challenges

• Revenue declined 24% year-to-date 2025 due to macroeconomic uncertainty and a soft mobile pipeline market.

• Facing pressures from trade policies, shifting emissions regulations, lower oil prices, and high capital costs.

Cost optimization and financial resilience

• Implementing cost-saving measures targeting over NOK 150 million in annualized savings.

• CapEx rationalization and working capital adjustments expected to yield NOK 150 million positive cash impact in six months.

• Renegotiated bank agreements provide covenant relaxation through Q2 2026, with liquidity exceeding NOK 1.1 billion.