Ocean GeoLoop: Results for the first half of 2025
(Verdal, 4 September 2025) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN) today announces revenues for the first half of 2025 of NOK 106.8 million, up from NOK 105.0 million in the same period in 2024. The company continues to execute the business development program, leveraging record low carbon capture electricity consumption data, which provides a solid position for rapid commercial scaling.
“The first half of 2025 was a busy and encouraging period for the Ocean GeoLoop team. We continue to execute the business development program, leveraging upon superior energy efficiency data and the recent strong numbers of the levelized cost of electricity of one of the e-Loop modules, the c-Pump. Not at least, with the constant push for the ultimate disruptive technology spearheaded by the company´s founder and technology inventor, Hans Gude Gudesen, we are in a solid position for commercial scaling in prioritized industries in the maturing carbon markets," says Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.
Ocean GeoLoop reported revenues in the first half of 2025 of NOK 106.8 million, up from NOK 105.0 million in the same period last year, with Energi Teknikk AS as the main revenue contributor. The company continued the planned investments in commercialization and technology development and reported a negative EBITDA of NOK 24.3 million, a decrease from an EBITDA of NOK 14.6 million in the same period last year. The company had a cash and cash equivalents of NOK 34.9 million at the end of the period. The board is evaluating the capital strategy going forward and will consider project financing and separate funding of ambitious plans related to electricity activities, as well as overall funding in the parent company.
The international lime and cement industries hold ideal conditions for the Ocean GeoLoop base technology and is the cornerstone of the short-term strategy. With over 100 million tonnes of annual European CO2 emissions, these industries epresent substantial opportunities for commercial revenues streams from a combination of paid studies, revenues from mobile units and licensing fees to allow scalable, capital-light projects. The company also explores other addressable industry segments, including the waste to energy industry with 9 billion tonnes of annual waste. Implementing carbon capture and storage, CCS, on such energy plants will reduce both fossil and biogenic CO₂ emissions.
“Our outline for 2025 is clear. We stay determined to deliver on the the domestic commercial CCUS projects. This includes further partnering to secure the realization of the full-scale CCS projects in Mid-Norway and at Herøya in the southeast. We will continue to expand our market presence and formalize cooperation across the sales cycle in the prioritized European lime and cement industries. In addition, Ocean GeoLoop will further evolve our delivery model to the global markets through a strengthening and formalization of our international network, and through a strengthening of our own commercial capacity,” Lademo concludes.
The Ocean GeoLoop report for the first half of 2025 is enclosed.
ENDS
For further information, please contact:
Odd-Geir Lademo, CEO, e-mail: odd.geir.lademo@oceangeoloop.com, cell: +47 92 05 29 01
Anders Onarheim, Chairman of the board, Ocean GeoLoop AS, cell: +47 97 40 15 11
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop AS uses nature’s own way to solve the challenges of our time in a circular way. The company has introduced the GeoLoop CC technology that captures CO2 from point source emissions using natural and harmless processes. Ocean GeoLoop will help companies and countries achieve their goals of reduced emissions and access to renewable electricity for the green transition. The company is listed on the Oslo Stock Exchange Euronext Growth under the ticker OCEAN.
Visit Ocean GeoLoop on LinkedIn/OceanGeoLoop
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.