HydrogenPro published its interim report for the first quarter of 2025, showing revenues of NOK 22m primarily from the SALCOS project with Andritz in Germany. The gross profit was impacted by ACES project costs but reached 69% when adjusted. The Company reported successful delivery and project execution with Andritz, demonstrating efficiency in delivering components on time for a green hydrogen project. Testing of next-generation electrodes showed an efficiency improvement of 12-14%, positioning HydrogenPro competitively for future projects. Despite a challenging market environment with project cancellations, HydrogenPro received a confirmed order of USD 2.5m, reflecting success in targeting small-scale projects and maintaining a flexible strategy. The Company's strong financial position with a cash balance of NOK 165m, capital injections from key partners, and cost reduction measures ensure stability and flexibility. While downsizing and reducing activity in Europe and China temporarily, HydrogenPro remains poised to scale up quickly when the market improves.