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Hexagon Composites Rebounds in Q4 but Warns of Cautious Start to 2026

Story Highlights
  • Hexagon Composites delivered strong Q4 2025 revenue growth and a positive adjusted EBITDA margin after an industry downturn.
  • Full-year 2025 results weakened on North American uncertainty, but Hexagon expects gradual 2026 recovery and pushes natural gas vehicle adoption.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hexagon Composites Rebounds in Q4 but Warns of Cautious Start to 2026

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Hexagon Composites ( (HXGCF) ).

Hexagon Composites reported a sharp sequential improvement in fourth-quarter 2025 performance, with revenues rising to NOK 831 million from NOK 538 million in the prior quarter and adjusted EBITDA turning positive to NOK 49 million, corresponding to a 6% margin. Management attributed the rebound to early signs of stabilization in core markets and the effect of strategic and cost measures after an unprecedented downturn.

For the full year 2025, revenues fell to NOK 2.96 billion from NOK 4.88 billion, and adjusted EBITDA declined to NOK 65 million, as macroeconomic uncertainty weighed on its North American businesses despite record demand in the Refuse segment. Entering 2026, the company is cautiously optimistic, guiding for a modest, seasonally weak first half followed by gradual improvement, while prioritizing strict financial discipline, developing adjacent revenue streams and accelerating adoption of natural gas vehicles, which it sees as the only viable alternative to diesel in heavy-duty, high-energy applications.

The most recent analyst rating on (HXGCF) stock is a Hold with a NOK10.00 price target. To see the full list of analyst forecasts on Hexagon Composites stock, see the HXGCF Stock Forecast page.

More about Hexagon Composites

Hexagon Composites, listed on the Oslo Stock Exchange, is a world leader in composite cylinder technology and related systems for the storage, transportation and conversion of clean gaseous energy. The company focuses on mobility and industrial applications, including long-haul and heavy-duty transport, positioning itself as a key enabler of natural gas–powered and other clean energy solutions.

Average Trading Volume: 2,497,417

Current Market Cap: NOK2.08B

For detailed information about HXGCF stock, go to TipRanks’ Stock Analysis page.

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