Annual Report 2025 – positive profit before tax of NOK 244 million

Stavanger, 2 June 2026: Nysnø Climate Investments delivered a profit before tax of NOK 244 million and a gross return on investments of 6.9 per cent.

Risk capital is not a supplement to the transition – it is the fuel that powers the engine of innovation. Without investors willing to take risks, promising ideas never become successful companies, says CEO Siri Kalvig.

During the year, Nysnø made three new direct investments in Hystar, Nofence and Lace Lithography, and committed capital to the funds Glentra Fund I, Skagerak Capital Fund V and Sandwater Fund II. In addition, the company exited its investment in Tise.

At year-end, the portfolio comprised 49 investments – 25 direct investments and 24 fund investments. Through these investments, Nysnø has, since its inception, provided capital directly and indirectly to 429 climate technology companies.

Mobilising private capital

Nysnø always invests alongside private investors. In 2025, every NOK that Nysnø invested directly in companies attracted, on average, NOK 7.8 from other investors.

Access to risk capital is essential for developing new technologies, building growth companies and strengthening Norway’s competitiveness. We will continue to be a stable and long-term investor in a market characterised by uncertainty and major structural changes, says Kalvig.

The company now manages approximately NOK 5.5 billion and has around NOK 1.6 billion available for new investments and follow-on funding for existing portfolio companies.

Read the full Annual Report here: https://nysnoinvest.no/en/corporate-governance/reports/