Metacon AB Reports Strong Q1 Performance and Expands Internationally

Metacon AB, a Swedish energy technology company listed on the Swedish Stock Exchange, has reported a highly successful first quarter of 2025, both financially and operationally. The company, which specializes in energy systems for hydrogen, electricity, and heat production, has seen a significant increase in net sales, amounting to SEK 50 million. This represents a SEK 42 million increase compared to the same period last year. Notably, Metacon has already surpassed its net sales for the entire year of 2024, which stood at SEK 40 million, underscoring the rapid growth of its business.

The growth in Q1 2025 was primarily driven by Metacon’s ongoing 30 MW project in Greece with Motor Oil, which expanded with an additional order in the first quarter. The company is now actively working to deliver an additional 20 MW as part of this project.

In addition to its domestic success, Metacon has made significant strides in international expansion. On May 14, 2025, the company announced that it had secured a contract to supply a 1 MW pressurized alkaline electrolysis plant to a major renewable energy company in Morocco. This contract, valued at EUR 1,820,600, marks Metacon’s entry into the Moroccan market. The customer, one of the largest wind power investors in Africa with approximately 2,000 MW of renewable assets, will receive the electrolysis plant as a turn-key containerized system. This pilot project aims to refine the technology for directly coupling wind turbines with pressurized alkaline electrolysis.

Earlier in the month, Metacon also secured a contract for a wind power-to-hydrogen pilot plant valued at roughly 20 MSEK. This contract supports the company’s estimates for further orders in 2025 and will be reflected in the updated estimates to be released alongside Metacon’s Q1 report.

Despite these positive developments, Metacon’s financial metrics reflect some challenges. The company’s close price on May 12, 2025, was SEK 0.17, with a 52-week high of SEK 0.83 and a low of SEK 0.0691. The market capitalization stands at SEK 215,560,000, and the price-to-earnings ratio is currently negative at -0.912666.

Metacon’s recent achievements highlight its strong growth trajectory and expanding international presence, positioning it as a key player in the energy technology sector. Further updates are expected following the release of the company’s Q1 report.