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 CO₂ 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

[email protected] 

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.