Fusion Fuel Guides to €16–18M 2026 Revenue, 11–25% Growth, Despite Going-Concern Warning
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Summary
Fusion Fuel Green guided to €16–18 million in 2026 revenue (11–25% growth) and a 25% narrower non-IFRS adjusted operating loss, while flagging going-concern risks and heavy reliance on second-half project execution. The company reported an H1 loss of €3.7 million with €0.3 million cash and a going concern warning.
Updated with a Dow Jones Newswires report · What changed
Updates
· Dow Jones Newswires — Fusion Fuel Green reported an H1 loss of €3.7 million with €0.3 million cash and a going concern warning.
Key Events · Earnings and Guidance · HTOO
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Updated · · Dow Jones Newswires
Going-Concern and Liquidity Pressure
Net current liabilities of €7.1 million at June 30, 2026, €7.9 million payable to former Al Shola Gas shareholders, matured unpaid QIND convertible notes, and dependence on external financing. The company reported an H1 loss of €3.7 million with €0.3 million cash and a going concern warning.
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2026 Revenue Guidance of €16–18M
Company expects 11–25% revenue growth to €16–18 million versus €14.4 million in 2025, implying second-half revenue of €9.5–11.5 million against only €6.5 million in H1 2026.
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Non-IFRS Adjusted Loss Improves 25%
Non-IFRS adjusted operating loss narrowed to ~€1.8 million from ~€2.3 million, excluding €1.2 million of depreciation/amortization and €762,000 of share-based payments.
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Operational Milestones Drive H2 Ramp
Al Shola Gas signed 21 LPG subcontracts worth ~$3.54M; BrightHy Solutions contributed ~€369,000 in H1 revenue with ~€5M of contracts signed or in progress; BioSteam Energy's first facility began commercial operations in May 2026.
Analysis · HTOO · Technology
Fusion Fuel Green issued full-year 2026 guidance of €16–18 million in revenue, implying 11–25% growth over 2025, alongside a 25% improvement in its non-IFRS adjusted operating loss to €1.8 million. The guidance depends heavily on second-half execution — €9.5–11.5 million of revenue must arrive in H2 versus only €6.5 million in H1 — driven by BrightHy Solutions' hydrogen project completions, Al Shola Gas's seasonally strong Q4, and new contributions from Royal Uranium and BioSteam Energy. Against that backdrop, the company carries net current liabilities of €7.1 million, €7.9 million payable to former Al Shola Gas shareholders, matured unpaid QIND convertible notes, and a going-concern warning — so the revenue ramp is not just growth, it is the liquidity bridge. The H1 loss of €3.7 million and cash of €0.3 million underscore the liquidity pressure.
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At the time of this filing, HTOO was trading at $1.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $14.3M. The 52-week trading range was $1.80 to $5.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.