Oslo, Norway, 20 August 2025: Cloudberry Clean Energy ASA ("Cloudberry" or the
"Company") reports a strong second quarter on the back of portfolio growth.

· Financial highlights
    · Consolidated revenue of NOK 106m (207m) and proportionate revenue of NOK
157m (288m). LTM Q2 2025 proportionate revenue of NOK 657m
    · Consolidated EBITDA of NOK 43m (180m) and proportionate EBITDA of NOK 54m
(194m). LTM Q2 2025 proportionate EBITDA of NOK 297m
      · Reduced financials compared to the same quarter last year primarily due
to a large gain on sale recorded in Q2 2024. Underlying financials improved year
over year

    · Proportionate production of 199 GWh over the quarter (143 GWh)
    · Realized an average net power price of NOK 0.62 per kWh (NOK 0.59 per kWh)
compared to the Nordic system price of NOK 0.31 per kWh over the quarter
    · Strong proportionate cash balance of NOK 848m and conservative debt
balance
    · Attractive debt financing with a majority secured long-term at an all-in
cost below 4% p.a.
    · Avoided emissions of 49 500 tCO2e over the quarter (33 500 tCO2e)
    · No recordable HSE incidents, environmental damages nor whistleblower
reports in the second quarter of 2025

  · Project updates
    · Subsequent to the quarter end, Cloudberry and Swiss Life form one of the
Nordics' largest small-scale hydro platforms with Cloudberry as the controlling
shareholder.  No effect on the financials for the second quarter of 2025
      · Through this transaction, Cloudberry increased its proportionate hydro
production from ~200 GWh to ~300 GWh and the consolidated hydro portfolio is
now  ~500 GWh

    · Entered into a partnership with OX2, selling 60% of the Duvhällen project
in Eskilstuna
    · In Odal, all turbines have met the return to service (RTS) criteria from
Siemens Gamesa
    · Cloudberry and Hafslund reached final investment decision for the 24MW/48
MWh Dingelsundet Battery Project in SE-3 subsequent to the second quarter of
2025

Cloudberry invites investors, analysts, and other stakeholders to a company
presentation at 11:00 CEST. Please use the following link to register and join:
https://tv.streamfabriken.com/cloudberry_clean_energy_asa_q2_2025

The second quarter and first half report for 2025, the presentation material,
and the link to the webcast and Q&A session will be made available at
http://www.cloudberry.no/.

For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, [email protected]
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CCO, +47 418 80 000, [email protected]

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Ole-Kristofer Bragnes,
CFO, in Cloudberry Clean Energy ASA on 20 August 2025, at 07:00 CEST.


About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig, Denmark. To
learn more about Cloudberry, go to www.cloudberry.no