)
Cloudberry Clean Energy (CLOUD) investor relations material
Cloudberry Clean Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved significant growth in production and installed capacity, with a diversified portfolio across hydropower, wind, BESS, and solar in the Nordics.
Consolidated Q4 2025 revenue was NOK 213m (up from NOK 127m YoY), with proportionate revenue at NOK 231m (down from NOK 260m YoY); full-year proportionate revenue was NOK 697m (NOK 776m YoY).
EBITDA for Q4 2025 was NOK 87m consolidated (NOK 58m in Q4 2024) and NOK 102m proportionate (NOK 166m in Q4 2024); full-year proportionate EBITDA was NOK 255m (NOK 431m YoY).
Implemented a cost-saving program targeting annual savings of at least NOK 30 million, including a 20% reduction in FTEs.
Maintained a strong balance sheet and cash position, enabling flexibility for M&A and value creation.
Financial highlights
Consolidated a larger hydro portfolio through the Forte transaction, increasing total assets and equity.
Q4 consolidated revenue increased by NOK 85m YoY, mainly due to the Forte transaction and higher power prices.
Produced almost 800 GWh in 2025, up from 268 GWh, with realized prices significantly above the Nordic system price.
Realized net power price of NOK 0.69/kWh for 2025, outperforming the system price of NOK 0.47/kWh.
Proportionate cash position at year-end was NOK 891m, with consolidated booked equity of NOK 5,427m.
Outlook and guidance
Positioned to capitalize on strong market demand and limited new renewable supply in the Nordics.
Positive outlook for power prices, especially in southern Nordic regions, driven by increased demand from data centers and electrification.
Strategic focus on shorter lead-time, de-risked projects and value-enhancing add-ons.
Cost savings from the restructuring program expected to be fully realized by the end of 2026.
Strong financial flexibility and undrawn debt capacity position the company for further investments.
Next Cloudberry Clean Energy earnings date
Next Cloudberry Clean Energy earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)