Capsol Technologies, a leading provider of carbon capture solutions, today
announced its results for Q2 2025.
Resilient pipeline growth
· Revenues of NOK 41 million in H1 2025, up from NOK 36 million in H1 2024,
driven by a growing and maturing pipeline
· Mature pipeline reached 22.6 million tonnes of annual CO\2\ capture capacity
- up 73% year-on-year
· Q2 growth supported by multiple-site clients and strong demand for
CapsolGT[®] in US, underscoring Capsol's scalability, cost advantage, and
ability to make more decarbonization projects economically viable
Strong demand from large customers
· Continuing to build position as preferred provider to the cement industry,
with multiple projects progressed in the quarter
· Post quarter-end Capsol secured its first engineering study in the lime
industry, opening a new segment for future growth
· Some delays in customer decision making due to trade policy uncertainty -
activity returning to normal levels in Q3
· Four projects totaling 3 mtpa+ progressing towards FEED phase in H2 2025,
bringing high value engineering work
Improved financial flexibility to support growth
· Liquidity position increased to NOK 67.5 million, up from NOK 58.5 million
at end Q1
· New Green Loan Facility secured with DNB in Q2, backed by the InvestEU
program. Funds made available June 30, providing increased liquidity, and
formally credited company account July 2
· Multiple additional CapsolGo[®] campaigns under negotiation for H2 2025 and
H1 2026
Outlook underpinned by robust pipeline economics
· Current pipeline represents potential licensing revenues of NOK ~3.3
billion, pre-tax profit of NOK ~1.7 billion, and potential annual recurring
revenue from services of NOK 0.5 billion
· More than half of the pipeline in volume terms includes projects with
potential FIDs in 2026-2028
Strategic levers to accelerate value creation
· Initiatives under development - including service revenue models and end-to
-end project support - could significantly increase earnings and shareholder
returns
· Strategic partnership processes progressing steadily, including review of
growth financing options with Pareto, with continued momentum expected in H2
2025
· With a roadmap toward break-even during 2026 and ambitions to scale globally
by 2035, Capsol positions itself as a long-term leader in carbon capture
technology
"Our priorities of lowering capture costs, accelerating execution, and scaling
delivery capacity will define the next phase for Capsol and underpin our ability
to deliver sustainable value. Partnerships across the CCUS value chain remain
central to our strategy, not just to expand market reach, but to enable cost
-efficient execution and long-term value creation. During Q2, we advanced
multiple discussions with existing and prospective strategic partners. These
processes are progressing steadily and will continue in the quarters ahead,"
said Wendy Lam, CEO of Capsol Technologies.
The Q2 2025 report and presentation are attached and available on
https://www.capsoltechnologies.com/reports
CEO Wendy Lam, CFO Ingar Bergh and SVP Investment & Strategy Jacob Zeno Clausen
Krøvel will present the Q2 2025 results on August 26, 2025, at 09:00 CEST.
The presentation will be broadcast as a webcast and questions can be submitted
throughout the streaming event:
https://investorweb.no/ir-channel/CAPSL/event/1af59066-957e-4ed0-a691
-fd50593c91b4
To receive Capsol's stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors
For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 4840 3225
jacob.krovel@capsoltechnologies.com
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the transition to a net zero future. The technology combines
inherent heat recovery and generation in a stand-alone unit based on a proven
and safe solvent. Capsol's technology is licensed either directly to customers
or through industrial partners globally. Key segments include cement, biomass,
energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext
Oslo Børs (ticker: CAPSL). For more information, visit capsoltechnologies.com.