Nel ASA GAAP EPS of -NOK 0.08, revenue of NOK 151.84M
Nel ASA reported a Q1 GAAP EPS of -NOK 0.08 and revenue of NOK 151.84M, reflecting a 13.2% year-over-year decline. Revenue from contracts with customers was NOK 148 million, down 5% from Q1 2025. EBITDA was -NOK 100 million, an improvement from -NOK 115 million in Q1 2025. Order intake fell 73% to NOK 85 million, with a backlog of NOK 1,113 million, down 24% year-over-year. The cash balance stood at NOK 1,443 million at the end of the quarter.
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