Fusion Fuel Green to Restate FY2025 Financials After Auditor Flags Errors
HTOO is trading near its 52-week low of $1.8 (14% above the low) on elevated volume (2.2× avg).
Summary
Fusion Fuel Green's auditor advised the company that its audited FY2025 financial statements require restatement and should not be relied upon, with a preliminary estimated €4.0 million increase in net loss and €3.8 million reduction in total equity.
Key Events · Legal and Risk Events · HTOO
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Auditor Flags FY2025 Restatement
Bush & Associates CPA LLC advised Fusion Fuel Green on September 23, 2026 that its audited FY2025 consolidated financial statements require restatement and should not be relied upon.
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Estimated Financial Impact
Preliminary estimates show FY2025 net loss increasing by approximately €4.0 million — a ~€1.1 million goodwill impairment charge plus ~€3.1 million reclassification of foreign exchange translation differences — and total equity reduced by approximately €3.8 million.
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Non-Cash Adjustments
The restatement adjustments are non-cash and do not affect revenue, cash position, or net cash flows, according to the company.
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Nasdaq Listing Risk Assessed
Management does not expect the restatement to directly cause failure to meet Nasdaq Capital Market continued listing requirements, though the company acknowledges the risk that further adjustments could change that assessment.
Analysis · HTOO · Technology
Fusion Fuel Green's auditor, Bush & Associates CPA LLC, advised the company on September 23, 2026 that its audited FY2025 financial statements should no longer be relied upon. The restatement stems from three errors tied to the Quality Industrial Corp. acquisition: foreign currency translation adjustments on intangibles and goodwill were not retranslated at applicable exchange rates, foreign currency translation differences were incorrectly classified in profit or loss instead of other comprehensive income, and a required goodwill impairment analysis was not performed. The company preliminarily estimates the restatement will increase FY2025 net loss by about €4.0 million — roughly €1.1 million from a goodwill impairment charge and €3.1 million from reclassifying foreign exchange differences — and reduce total equity by about €3.8 million. The adjustments are non-cash and do not affect revenue, cash, or cash flows, and management does not expect the restatement to directly trigger a Nasdaq delisting. Still, a restatement of audited financials is a serious governance event, especially for a company that has been raising capital through multiple PIPE and ATM transactions in recent months.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 42.1% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, HTOO was trading at $2.05 on NASDAQ in the Technology sector, with a market capitalization of approximately $15.3M. The 52-week trading range was $1.80 to $5.74. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.