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C

Cavendish Hydrogen A CAVEN.OL · NOK

Industrials · Oslo Børs · 🇳🇴 Norway

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4.82

+0.42%

Close of 9 Nov 2026, in NOK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€15.3m

FY2021FY2025

Net income

−€26.6m

FY2021FY2025

Free cash flow

−€20.6m

FY2021FY2025

Shareholders' equity

€48.7m

FY2021FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021
Revenue€15.3m€31.0m€28.9m€20.5m€31.2m
Gross profit€6.3m€15.9m€16.5m€5.0m€9.2m
Research and development—€688,000€1.2m€1.6m€406,000
Operating income−€25.1m−€23.6m−€24.1m−€41.9m−€23.9m
Net income−€26.6m−€22.8m−€28.9m−€75.3m−€24.7m
Diluted earnings per share-0.79-0.68-0.86-2.24-0.73

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021
Total assets€59.0m€95.2m€69.9m€82.3m€97.6m
Cash and short-term investments€20.2m€41.8m€7.0m€2.7m€5.9m
Total liabilities€10.3m€22.1m€48.5m€76.5m€58.8m
Debt€2.1m€2.6m€16.8m€26.3m€26.9m
Shareholders' equity€48.7m€73.1m€21.4m€5.7m€38.8m
Shares outstanding34m34m34m34m34m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021
Cash from operations−€18.4m−€24.0m−€18.8m−€32.2m−€25.3m
Capital spending−€2.2m−€7.8m−€4.3m−€4.9m−€5.8m
Free cash flow−€20.6m−€31.9m−€23.1m−€37.0m−€31.1m

Latest quarters

By quarter end

Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024
Revenue€1.9m€4.1m€5.6m€3.7m€6.4m€5.7m€9.2m€9.7m
Gross profit€600,000€800,000€2.8m€2.1m€2.9m€3.3m€4.9m€4.9m
Operating income−€5.9m−€5.3m−€5.7m−€8.3m−€4.7m−€5.2m−€7.8m−€6.0m
Net income−€6.3m−€5.8m−€5.0m−€9.4m−€4.4m−€4.4m−€7.9m−€6.1m
Diluted earnings per share-0.19-0.17-0.15-0.28-0.13-0.13-0.24-0.18
Cash from operations−€2.0m−€5.0m−€4.0m−€6.0m−€2.0m−€4.0m−€15.0m−€1.0m
Capital spending———−€1.0m−€2.0m−€2.0m−€2.0m−€1.0m
Free cash flow———−€7.0m−€4.0m−€6.0m−€17.0m−€2.0m
Total assets€59.0m€67.1m€76.2m€86.0m€95.2m€100.7m€108.4m€63.3m
Cash and short-term investments€20.2m€23.3m€28.7m€34.5m€41.8m€46.3m€53.6m€5.8m
Debt€1.8m€2.0m€2.0m€2.1m€2.2m€2.3m€2.4m€18.8m
Shareholders' equity€48.7m€54.5m€59.3m€65.5m€73.1m€76.5m€82.9m€16.0m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.3%——
Operating income-15.7%——
Net income-29.3%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin48.0%45.7%——

Valuation history

At each fiscal year end

FY2025FY2024
Price to earnings-0.8-1.2
Price to sales1.50.9

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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