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BCS: Second quarter financial results and operational update

BCSRegulatory press release2026-08-12 07:00
(Bergen, 12 August 2026): Bergen Carbon Solutions AS (BCS, OSE:BCS)

Bergen Carbon Solutions AS (BCS), the pure-play carbon capture and utilization
(CCU) company, today provides an operational update and financial results for
the second quarter of 2026.

During the second quarter of 2026, BCS continued to advance both its technology
platform and intellectual property portfolio while maintaining a disciplined
financial position. A significant milestone was achieved when the Norwegian
Industrial Property Office issued a notification of intention to grant a patent
covering the separation and purification process for our carbon material. This
marks an important step in strengthening the protection of BCS' core technology.

The company also progressed the development of its carbon nanotube material, BCS
CNT. Following continued improvements in production consistency, with more focus
on product, BCS has expanded engagement with industrial partners and research
institutions in Europe and Asia to further evaluate product performance across
selected battery applications. External testing has continued to generate
encouraging results, particularly within lithium-sulphur battery technologies,
with additional verification work underway using larger-format pouch cells that
more closely resemble commercial applications.

BCS is increasingly directing its efforts toward product qualification and
application development, driven by growing insights into the unique
characteristics of its carbon material. In parallel, the company has
strengthened its position within the European battery eco-system and was
selected to participate in a new initiative led by IFE aimed at establishing a
Nordic battery value chain for defence-related applications, including drones
and other strategically important technologies. Governmental funding has been
applied for the project.

CEO Odd Strømsnes commented:
"The second quarter was characterised by meaningful progress across several key
areas. Advancing our patent portfolio, achieving greater process maturity and
receiving further validation of our material performance strengthen our
confidence in the opportunities ahead. At the same time, the increasing emphasis
on resilient and locally sourced battery supply chains in Europe highlights the
strategic relevance of BCS' technology and product offering."

Presentation:
The company will host an operational live update presentation today at 08:00.
You are welcome to join the presentation online. A recording of the presentation
will be available on our website after the session.

Presentation details:
- Date: Wednesday 12th of August 2026 at 08:00 a.m. (CEST)
- Language: English
- Q&A: may be submitted in advance to fredrik.oksnes@bergencarbonsolutions.com
or live during the session.

Link to webcast:
https://events.teams.microsoft.com/event/400a443f-8507-45e2-9c84-7be827a30f85@f0
ee7061-9c20-488c-9a91-03d921b62ad7

The presentation and financial report for Q2 2026 are enclosed.

END

For further information please contact:
Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571
Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381

About Bergen Carbon Solutions:
Bergen Carbon Solutions is a technology company in the field of carbon
utilisation. The company is working to make CO2 a valuable resource, using
energy to turn the excessive greenhouse gas into solid carbon. With its
groundbreaking, proven process for carbon capture and utilization (CCU), Bergen
Carbon Solutions is enabling clean carbon for the battery industry. The
technology may provide stable delivery of carbon nanotubes and graphite, helping
manufacturers to be less exposed to the raw material risks of geopolitical
rivalry. Established in 2016, based in Norway and listed on Euronext Growth,
Bergen Carbon Solutions is targeting the fast-growing battery industry globally,
and other carbon intensive industries looking to replace conventional,
fossil-based solutions to stay relevant in their markets.
Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/
Bergen Carbon Solutions | www.bergencarbonsolutions.com
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Bergen Carbon Solutions | www.bergencarbonsolutions.com\