HTOO · Fusion Fuel Green PLC

Fusion Fuel Green PLC reported a transformative fiscal year 2025, with revenue surging 798.1% to €14.4 million, driven primarily by the full-year consolidation of its indirect majority-owned subsidiary, Al Shola Gas, which was acquired in late 2024. Gross profit increased 855.4% to €4.2 million, with gross margin improving to 29.0% from 27.2% in the prior year. Operating loss narrowed significantly by 54.4% to €7.9 million, reflecting a 27.9% reduction in administration expenses to €11.9 million, aided by headcount reductions and restructuring. Net finance income of €5.6 million (up from €0.2 million) helped reduce loss before tax to €1.1 million from €15.3 million. On a non-IFRS adjusted basis, operating loss improved 64% to €3.7 million. Operationally, Al Shola Gas secured approximately $7 million in new engineering contracts and $2 million in annual recurring fuel distribution contracts. The company also formed BioSteam Energy, a 51%-owned subsidiary for biomass steam projects, and advanced its hydrogen platform through BrightHy Solutions, which is pursuing a potential €30 million joint venture for European hydrogen plants. Additionally, Fusion Fuel signed a share exchange agreement to acquire up to 100% of Royal Uranium, gaining a portfolio of 19 uranium and natural gas royalties across the Americas, marking a strategic shift toward a diversified energy and royalty platform. Management emphasized cost discipline and expects non-recurring transaction costs to taper off. The company added four non-executive directors to strengthen governance.