Fusion Fuel posts €6.5M first-half revenue and raises focus on full-year growth

• Fusion Fuel (NASDAQ:HTOO) reported first-half 2026 revenue of €6.536 million and expects full-year revenue of approximately €16 million to €18 million.
• The company said growth expectations are supported by hydrogen project activity, engineering contracts, and recent strategic acquisitions.
• Fusion Fuel reported an improved adjusted operating loss excluding depreciation, amortization, and share-based payments.

Fusion Fuel (NASDAQ:HTOO) reported first-half 2026 financial results and provided its outlook for the remainder of the year.

Revenue for the six months ended June 30, 2026, totaled €6.536 million, down 5.7% compared with the prior-year period.

The company reported an operating loss of €3.721 million, compared with €2.856 million in the first half of 2025.

However, non-IFRS adjusted operating loss, excluding depreciation, amortization, and share-based payments, improved to approximately €1.8 million from approximately €2.3 million.

Gross margin was 29.2%, compared with 29.8% in the prior-year period.

Fusion Fuel expects full-year 2026 revenue of approximately €16 million to €18 million, compared with €14.4 million in revenue reported in 2025, while targeting a lower adjusted operating loss.

The company said its Al Shola Gas business signed approximately €3.54 million in engineering subcontract agreements, while BrightHy began execution of a 2 MW hydrogen project in Spain.

Fusion Fuel also completed the acquisition of Royal Uranium on July 21, adding interests in 19 project areas.

The company noted that none of the uranium royalties associated with these assets has generated revenue to date.

Elsewhere, the company raised approximately €1.5 million in gross proceeds through a private placement and disclosed going-concern considerations.