Losses at Hexicon have narrowed in the second quarter of 2025.
The company reported a loss before tax of SEK 41.0m (€3.67m), compared to a SEK 47.8m (€4.28m) loss for the same period last year, according to interim results published today (20 August).
The company recorded net revenue of SEK 76m (€6.8m), compared to SEK 0.9m (€0.08m) in the same quarter of 2024.
Operating profit increased to SEK 47.6m (€4.26m), compared to a loss of SEK 26.8m (€2.4m) in the corresponding period.
Cash flow from operating activities rose to SEK 11.0m (€0.98m), from SEK –19.3m (€-1.73m) in the same period of 2024.
During the report period, Hexicon completed the sale of the Sicily South and Sardinia Northwest floating wind projects to Ingka Investments and Oxan Energy.
The Swedish developer also announced on 27 June that it was in discussions with lenders regarding an extension of a SEK 75m (plus accrued interest and fees) credit facility that was due to mature at the end of that month.
The credit facility remains in force under current terms until ongoing negotiations are concluded, said Hexicon.