# Nel ASA Posts Q3 Revenue of NOK 138.12 Million, Down 60.4%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/32409
Published: 2026-10-15T09:35:37.000Z
Updated: 2026-10-15T09:35:37.000Z
Section: Business

> Revenue from contracts with customers was NOK 112 million, down 63% year over year from NOK 303 million.

Nel ASA’s revenue fell 60.4% year over year to NOK 138.12 million in the third quarter of 2026, while its GAAP EPS was -NOK 0.08.

Revenue from contracts with customers was NOK 112 million, compared with NOK 303 million in the third quarter of 2025. That represented a 63% year-over-year decline.