Hexicon is a project developer and technology provider specializing in floating offshore wind power. The company develops early-stage projects and licenses its patented TwinWind platform, which features dual turbines to increase energy production per sea area. Hexicon operates through a develop-and-divest model, generating revenue from consulting, project sales, and technology licensing. Its project portfolio includes the Pentland project in the UK, the MunmuBaram project in South Korea, and the Mareld project in Sweden. The company collaborates with partners such as MingYang for turbine manufacturing and SK Oceanplant for floater fabrication. Hexicon was founded in 2015 and originated from Swedish industrial entrepreneurship.

Summarised from the company's own disclosures, fiscal year ended Sep 2026

Industry Oil & Gas E&P Homepage hexicongroup.com
Sector Energy IR page hexicongroup.com
Tags
floating offshore wind, renewable energy, project development, technology licensing, dual-turbine platform, deep-water wind, TwinWind, Pentland, MunmuBaram, Mareld, TwinHub, Freia Offshore AB, Freja Offshore, AvenHexicon, CoensHexicon, Hexicon Korea, Sicily South, Sardinia North West, Cirrus, Dyning
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Metrics

Valuation  
Market cap kr 41.837M
P/E -0.13
P/BV -0.07
P/S 2.18
P/OCF -0.93
P/FCF —
Dividend yield —
Turnover / mcap —
Returns  
ROE —
ROI -132.0%
ROIC -54.7%
Profit margin -1,702.8%
Growth  
Revenue growing Yes
Profits growing No
Revenue up 3y No
Revenue up 5y No
Quality  
Profitable No
Margin expanding No
Buying back stock No
Diluting (TTM) No
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News sentiment (TTM) 2
Quality score -60.0%
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Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue 19.21M 9.84M 5.71M 11.57M 23.1M 4.35M
Net profit 0 -258.181M -187.332M -166.931M -50.725M 0

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Hexicon (ticker HEXI), listed in Sweden.