Hexagon Purus ASA has reported its financial results for the second quarter of 2025, revealing a significant decline in revenue and earnings. The company's revenue stood at NOK 193 million, marking a 63% decrease compared to the same quarter in the previous year. The drop in revenue is primarily attributed to reduced activity in hydrogen infrastructure and hydrogen heavy-duty mobility applications, partially offset by increased revenue from aerospace applications and battery electric mobility. The company recorded an EBITDA of NOK -161 million for the quarter, compared to NOK -97 million in the second quarter of 2024. Hexagon Purus continues to focus on cost reduction strategies, estimating an annualized operating cost reduction of up to NOK 350 million by 2026 compared to 2024 levels. In terms of business developments, Hexagon Purus signed a new supply agreement with Hino Trucks for the supply of class 6 & 7 battery electric trucks to the U.S. market and is exploring options for its BVI segment. The company ended the quarter with an order backlog of firm purchase orders valued at approximately NOK 1.1 billion. Looking ahead, Hexagon Purus anticipates improved revenue and profitability in the latter half of 2025, driven by increased activity in the hydrogen infrastructure segment. The company also expects a reduction in capital expenditure as investments related to the 2024 capacity expansion program near completion. These factors are expected to significantly reduce cash outflow for the remainder of the year.