Hexicon has reported an operating loss of SEK 152m (€14m) for Q4 2025.
This compares to a SEK 11.9m (€1.12m) loss for the same period last year.
During the report period Hexicon booked a SEK 115m (€10.8m) impairment related to the 32MW TwinHub floating wind project in the Celtic Sea.
This was driven by increased inflation and supply chain costs eroding the value of the project which Hexicon has made efforts to divest, according to the company.
Hexicon CEO Marcus Thor (pictured) said the quarter had been a “period of focus and reflection” in a market that is “not without friction” and requires “discipline and selectivity”.
He added: “Ensuring staying power is essential in this phase of the market. During and after the quarter, we therefore continue to work actively with financing solutions and initiated measures to streamline the organisation and reduce costs.
“Looking ahead, our priorities are clear. We will continue to protect liquidity, focus on our most valuable projects, advance partnering and divestment discussions, and move our patented TwinWind technology further along the path toward commercial application.”