Green Hydrogen: Nel ASA Posts Record Order Intake Despite Q4 Losses
The article provides a detailed overview of Nel ASA's Q4 2025 financial performance, highlighting a 20% year-on-year revenue decline to NOK 330 million, a net loss of NOK 870 million primarily due to NOK 799 million in impairments, and a significant 364% increase in order intake to NOK 686 million. The company's cash balance stood at NOK 1.6 billion at the end of the quarter. These figures align with Nel ASA's official Q4 2025 financial results released on February 26, 2026. ([nelhydrogen.com](https://nelhydrogen.com/press-release/nel-asa-fourth-quarter-2025-financial-results/?utm_source=openai))
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