During the third quarter, work continued on our ongoing electrolyser projects. At the same time, after an extended period of product development, we were finally able to present our new, innovative system solutions for more cost-efficient hydrogen production, which have been very well received by the market. Costs, particularly in one of our largest projects, were significantly higher than planned and weighed on earnings. I believe the underlying causes are non-recurring, driven by extreme time pressure to meet the customer's funding deadline, which led to unforeseen costs. Anticipating everything has proved challenging when doing things for the first time, and at a scale among the largest undertaken in Europe.
For the full CEO-comment, see the interim report in its entirety.
Christer Wikner, President & CEO, +46 707 647 389, christer.wikner@metacon.com
Mattias Brodin, Interim CFO, +46 70 555 51 34, mattias.brodin@metacon.com
This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above, at 08:00 CEST on 4 November 2026.
About Metacon
Metacon AB (publ) is a Swedish company that develops, manufactures and supplies systems for hydrogen production. The offering covers the entire chain from design and installation to service and maintenance. The company is listed on the Nasdaq First North Growth Market in Stockholm.
In the field of electrolysis, Metacon develops and supplies complete electrolysis plants for large-scale hydrogen production. Operations are conducted in close collaboration with PERIC Hydrogen Technologies in Handan, China, one of the world's leading players in pressurised alkaline electrolysis technology.
In the field of reforming, the Company develops solutions for hydrogen production based on patented catalytic reactor technology, HIWAR®. These are advanced, highly efficient systems that produce hydrogen through catalytic steam reforming. The systems can be fuelled by biogas, biomethane or other renewable feedstocks such as bioethanol and green ammonia and can be installed without connection to the electricity grid.
For more information, see:
www.metacon.com | LinkedIn: www.linkedin.com/company/metaconab