Hexicon has published its interim report for the second quarter of 2025. During the quarter, Hexicon completed the sale of its Italian offshore wind projects Sicily South and Sardinia Northwest to Ingka Investments and Oxan Energy. On 7 May, the company held its Annual General Meeting, at which Bjarne Borg, Mia Batljan, Mats Jansson, Lars Martinsson, and Göran Öfverström were re-elected to the Board of Directors, with Bjarne Borg confirmed as Chairman.
The company recorded net revenue of SEK 76.0 million, compared with SEK 0.9 million in the same quarter of 2024. Operating profit reached SEK 47.6 million, up from a loss of SEK 26.8 million in the previous year. The loss before tax narrowed to SEK 41.0 million, compared with a loss of SEK 47.8 million a year earlier. Cash flow from operating activities was positive at SEK 11.0 million, compared with a negative SEK 19.3 million in the prior-year period.
For the first half of 2025, net revenue was SEK 81.6 million, up from SEK 1.4 million in the corresponding period of 2024. Operating profit reached SEK 27.8 million, compared with a loss of SEK 46.6 million last year. Loss before tax for the first six months decreased to SEK 62.7 million, from SEK 79.9 million in the same period of 2024. Cash flow from operating activities amounted to SEK -2.4 million, compared with SEK -37.0 million in the first half of 2024.
On 27 June, Hexicon announced that it is in discussions with lenders regarding an extension of its SEK 75 million credit facility, plus accrued interest and fees, which was due to mature on 30 June 2025. The facility remains in place under its current terms while negotiations continue.
