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Horisont Energi AS ( (DE:9GJ) ) just unveiled an update.
Horisont Energi AS announced its unaudited results for the first half of 2025, revealing challenging market conditions and a lack of investor interest, leading to a decision to wind down operations. The company plans to focus on realizing value from its assets, with most employees expected to leave by the end of September 2025, and the remaining by year-end. Financially, the company reported an operating loss of NOK 30.5 million and a net loss of NOK 34.2 million, with a projected cash position of NOK 18 million by year-end. The company may consider returning paid-in capital to shareholders in Q4 2025, subject to conditions.
More about Horisont Energi AS
Horisont Energi AS operates in the energy sector, focusing on innovative solutions and projects related to IP, technology, and energy concepts. The company has been involved in projects like Barents Blue AS, which was previously known as Horisont Ammoniakk AS.
Average Trading Volume: 41,792
Current Market Cap: NOK21.88M
For detailed information about 9GJ stock, go to TipRanks’ Stock Analysis page.