Metacon AB META
OMXSTO · Sweden · Producer Manufacturing
SEK 0.1210-0.00 (-3.20%)
Market closed· · SEK · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · SEK · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Metacon AB (publ) launches a compact 20 MW multi-level alkaline electrolysis module that enables more cost-efficient deployment of large-scale hydrogen production plants. The optimized modular design reduces space requirements and lowers balance-of-plant costs, with savings of up to 30% on steel structures, up to 50% on piping systems, and up to 70% on area-related infrastructure compared with conventional building-based solutions.
Metacon AB (publ), in partnership with PERIC Hydrogen Technologies, launches next-generation pressurised alkaline electrolysis stacks, designed to improve efficiency, durability and system performance for industrial hydrogen production. The new stack generation strengthens the commercial case for customers by addressing key cost drivers in large-scale hydrogen production and leading the way towards highly competitive levelised cost of hydrogen (LCOH) in the European market and beyond.
During the quarter, net revenue amounted to SEK 65 million, compared to SEK 57 million in the same quarter last year, which corresponds to an increase of 15 percent. For the first half of the year, net revenue landed at SEK 138 million, which is an increase of 30 percent compared to the same period last year. The increase is mainly due to a higher level of activity in our major projects in Greece and Romania, together with increased revenues from ongoing deliveries.
Metacon AB (publ) has been granted up to SEK 111 million in support from Klimatklivet to build a 10 MW electrolysis plant in Uppsala for local production of green hydrogen for use in industry and fossil-free and environmentally friendly transport. The project is part of Metacon's strategy to more clearly demonstrate leading solutions to the market and will be implemented as a full-scale production plant connected to Metacon's business.
Metacon has received a payment of EUR 2.6 million (corresponding to approximately SEK 27.7 million at today's exchange rate) from Motor Oil Hellas regarding a completed milestone in the project for the delivery of a 50 MW electrolysis plant.
Metacon AB (publ) ("Metacon" or the "Company") has been awarded an add-on contract to supply a 2,000 NMCH oxygen purification system to Motor Oil (Hellas) Corinth Refineries S.A. in Greece ("Motor Oil"). The system will be delivered to Motor Oil's site and, under Metacon's supervision, integrated into the 50 MW electrolysis-based hydrogen production plant currently under construction. The value of the add-on contract is EUR 976,290 (approximately SEK 10.4 million).
Both the fourth quarter and 2025 as a whole represented the strongest financial result in Metacon's history. Net revenue for the quarter amounted to SEK 90.1 million, an increase of 463 percent compared with the corresponding quarter last year. The outcome was in line with our expectations and driven by successful deliveries in larger projects. For the full year, net revenue amounted to SEK 237.8 million, which corresponds to an improvement of 488 percent compared to the previous year.
Metacon AB (publ) ("Metacon" or the "Company") has secured temporary project financing at market terms and received gross proceeds of 50 MSEK (the "Loan") from Fenja Capital II A/S. The Loan is intended to cover the Company's working capital needs until the Company receives milestone payments related to ongoing customer projects.
Metacon has acquired significant parts of Hynion Sverige AB's (Hynion) bankruptcy estate. The assets include several new, high-quality components for hydrogen refueling stations under construction in Sweden, originally procured for approximately SEK 67 M. The purchase price amounts to SEK 3.5 M.
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