{"id":30994,"date":"2025-08-28T11:01:38","date_gmt":"2025-08-28T11:01:38","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/cavendish-hydrogen-asa-results-for-the-second-quarter-2025\/"},"modified":"2025-08-28T11:01:38","modified_gmt":"2025-08-28T11:01:38","slug":"cavendish-hydrogen-asa-results-for-the-second-quarter-2025","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=30994","title":{"rendered":"Cavendish Hydrogen ASA: Results for the second quarter 2025"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">OSLO, Norway<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 28, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Cavendish Hydrogen ASA (Cavendish) (Oslo B\u00f8rs ticker: CAVEN) reported revenues of <span class=\"xn-money\">EUR 5.6 million<\/span> for the second quarter 2025 (Q2 2025). This represents a decrease of 39 per cent year over year and an increase of 51 per cent quarter over quarter.<\/p>\n<p><b>Q2 2025 highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li>Revenue was <span class=\"xn-money\">EUR 5.6 million<\/span>, down 39 per cent year over year, and up 51 per cent quarter over quarter<\/li>\n<li>The EBITDA result in Q2 ended at <span class=\"xn-money\">EUR -4.6 million<\/span>, up 32 per cent year over year, and up 35 per cent quarter over quarter<\/li>\n<li>Cash position of <span class=\"xn-money\">EUR 28.7 million<\/span> at the end of quarter<\/li>\n<li>Opened two new fueling stations in <span class=\"xn-location\">California<\/span>, the first two together with a new major US customer<\/li>\n<li>An all-time high 298 000 kg of hydrogen was dispensed from Cavendish Fueling Stations this quarter<\/li>\n<li>Appointed new Chief Commercial Officer to position Cavendish for growth<\/li>\n<\/ul>\n<p>Commenting on Cavendish&#8217;s Q2 performance, CEO <span class=\"xn-person\">Robert Borin<\/span> said: &#8220;This past quarter unfolded largely as expected, reflecting steady strategic execution in a challenging but exciting market environment.\u00a0What stands out this quarter is the momentum in our operations.\u00a0In the US, Cavendish has successfully opened two new stations with a major US customer, located in <span class=\"xn-location\">California<\/span>. The Moreno Valley and Vacaville stations have been engineered to deliver industry-leading performance. Since opening, the stations have demonstrated strong reliability, operating at close to 100 per cent site availability and already completing 3 225 car fuelings. The two new stations have dispensed around 8 740 kg of hydrogen to date, contributing to an all-time high in volumes across Cavendish&#8217;s network. This strong utilization and reliable performance are clear indicators of growing demand and pave the way for future sales. We&#8217;re also very pleased with the excellent feedback from end users, which reinforces our confidence in the technology and the customer experience&#8221;<\/p>\n<p><b>Outlook:<\/b><\/p>\n<p>Cavendish expects group revenue for the second half of this year to be somewhat lower than in the first half of the year. Although the short-term outlook is cautious, Cavendish is optimistic about the long-term potential for hydrogen fueling, especially within heavy-duty transportation.<\/p>\n<p>The Q2 2025 results will be presented on <span class=\"xn-chron\">August 28, 2025<\/span>, via live webcast and participants are invited to attend the presentation and Q&amp;A session at the following link: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1833350951&amp;u=https%3A%2F%2Fevents.teams.microsoft.com%2Fevent%2F7f683865-07b0-4139-85ad-c9d49e7cf677%401c376fce-a93e-4933-9295-5f367686af5b&amp;a=https%3A%2F%2Fevents.teams.microsoft.com%2Fevent%2F7f683865-07b0-4139-85ad-c9d49e7cf677%401c376fce-a93e-4933-9295-5f367686af5b\" target=\"_blank\" rel=\"nofollow\">https:\/\/events.teams.microsoft.com\/event\/7f683865-07b0-4139-85ad-c9d49e7cf677@1c376fce-a93e-4933-9295-5f367686af5b<\/a><\/p>\n<p>For the full report and presentation, please see the attachments or visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=3162629573&amp;u=http%3A%2F%2Fwww.cavendishh2.com%2F&amp;a=www.cavendishh2.com%2F\" target=\"_blank\" rel=\"nofollow\">www.cavendishh2.com\/<\/a>\u00a0.<\/p>\n<p>This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.<\/p>\n<p>For additional information, please contact:<br \/>Mirza Koristovic, Head of Investor Relations<br \/><a href=\"mailto:IR@cavendishh2.com\" target=\"_blank\" rel=\"nofollow\">IR@cavendishh2.com<\/a><br \/>+47 938 70 525<\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=3752099818&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=412266014&amp;u=https%3A%2F%2Fnews.cision.com%2Fcavendish-hydrogen-asa%2Fr%2Fcavendish-hydrogen-asa--results-for-the-second-quarter-2025%2Cc4225497&amp;a=https%3A%2F%2Fnews.cision.com%2Fcavendish-hydrogen-asa%2Fr%2Fcavendish-hydrogen-asa--results-for-the-second-quarter-2025%2Cc4225497\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/cavendish-hydrogen-asa\/r\/cavendish-hydrogen-asa&#8211;results-for-the-second-quarter-2025,c4225497<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1992235252&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2Fb0fb1cf51259f4aa.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2Fb0fb1cf51259f4aa.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/23215\/4225497\/b0fb1cf51259f4aa.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Cavendish Q2 2025 Presentation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1608629288&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2F8ff72975bdbf6599.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2F8ff72975bdbf6599.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/23215\/4225497\/8ff72975bdbf6599.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Cavendish Q2 2025 Report<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">OSLO, Norway<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 28, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Cavendish Hydrogen ASA (Cavendish) (Oslo B\u00f8rs ticker: CAVEN) reported revenues of <span class=\"xn-money\">EUR 5.6 million<\/span> for the second quarter 2025 (Q2 2025). This represents a decrease of 39 per cent year over year and an increase of 51 per cent quarter over quarter.<\/p>\n<p><b>Q2 2025 highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li>Revenue was <span class=\"xn-money\">EUR 5.6 million<\/span>, down 39 per cent year over year, and up 51 per cent quarter over quarter<\/li>\n<li>The EBITDA result in Q2 ended at <span class=\"xn-money\">EUR -4.6 million<\/span>, up 32 per cent year over year, and up 35 per cent quarter over quarter<\/li>\n<li>Cash position of <span class=\"xn-money\">EUR 28.7 million<\/span> at the end of quarter<\/li>\n<li>Opened two new fueling stations in <span class=\"xn-location\">California<\/span>, the first two together with a new major US customer<\/li>\n<li>An all-time high 298 000 kg of hydrogen was dispensed from Cavendish Fueling Stations this quarter<\/li>\n<li>Appointed new Chief Commercial Officer to position Cavendish for growth<\/li>\n<\/ul>\n<p>Commenting on Cavendish&#8217;s Q2 performance, CEO <span class=\"xn-person\">Robert Borin<\/span> said: &#8220;This past quarter unfolded largely as expected, reflecting steady strategic execution in a challenging but exciting market environment.\u00a0What stands out this quarter is the momentum in our operations.\u00a0In the US, Cavendish has successfully opened two new stations with a major US customer, located in <span class=\"xn-location\">California<\/span>. The Moreno Valley and Vacaville stations have been engineered to deliver industry-leading performance. Since opening, the stations have demonstrated strong reliability, operating at close to 100 per cent site availability and already completing 3 225 car fuelings. The two new stations have dispensed around 8 740 kg of hydrogen to date, contributing to an all-time high in volumes across Cavendish&#8217;s network. This strong utilization and reliable performance are clear indicators of growing demand and pave the way for future sales. We&#8217;re also very pleased with the excellent feedback from end users, which reinforces our confidence in the technology and the customer experience&#8221;<\/p>\n<p><b>Outlook:<\/b><\/p>\n<p>Cavendish expects group revenue for the second half of this year to be somewhat lower than in the first half of the year. Although the short-term outlook is cautious, Cavendish is optimistic about the long-term potential for hydrogen fueling, especially within heavy-duty transportation.<\/p>\n<p>The Q2 2025 results will be presented on <span class=\"xn-chron\">August 28, 2025<\/span>, via live webcast and participants are invited to attend the presentation and Q&amp;A session at the following link: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1833350951&amp;u=https%3A%2F%2Fevents.teams.microsoft.com%2Fevent%2F7f683865-07b0-4139-85ad-c9d49e7cf677%401c376fce-a93e-4933-9295-5f367686af5b&amp;a=https%3A%2F%2Fevents.teams.microsoft.com%2Fevent%2F7f683865-07b0-4139-85ad-c9d49e7cf677%401c376fce-a93e-4933-9295-5f367686af5b\" target=\"_blank\" rel=\"nofollow\">https:\/\/events.teams.microsoft.com\/event\/7f683865-07b0-4139-85ad-c9d49e7cf677@1c376fce-a93e-4933-9295-5f367686af5b<\/a><\/p>\n<p>For the full report and presentation, please see the attachments or visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=3162629573&amp;u=http%3A%2F%2Fwww.cavendishh2.com%2F&amp;a=www.cavendishh2.com%2F\" target=\"_blank\" rel=\"nofollow\">www.cavendishh2.com\/<\/a>\u00a0.<\/p>\n<p>This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.<\/p>\n<p>For additional information, please contact:<br \/>Mirza Koristovic, Head of Investor Relations<br \/><a href=\"mailto:IR@cavendishh2.com\" target=\"_blank\" rel=\"nofollow\">IR@cavendishh2.com<\/a><br \/>+47 938 70 525<\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=3752099818&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=412266014&amp;u=https%3A%2F%2Fnews.cision.com%2Fcavendish-hydrogen-asa%2Fr%2Fcavendish-hydrogen-asa--results-for-the-second-quarter-2025%2Cc4225497&amp;a=https%3A%2F%2Fnews.cision.com%2Fcavendish-hydrogen-asa%2Fr%2Fcavendish-hydrogen-asa--results-for-the-second-quarter-2025%2Cc4225497\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/cavendish-hydrogen-asa\/r\/cavendish-hydrogen-asa&#8211;results-for-the-second-quarter-2025,c4225497<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1992235252&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2Fb0fb1cf51259f4aa.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2Fb0fb1cf51259f4aa.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/23215\/4225497\/b0fb1cf51259f4aa.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Cavendish Q2 2025 Presentation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4497449-1&amp;h=1608629288&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2F8ff72975bdbf6599.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F23215%2F4225497%2F8ff72975bdbf6599.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/23215\/4225497\/8ff72975bdbf6599.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Cavendish Q2 2025 Report<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-30994","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30994"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30994\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}