$HTOO

Fusion Fuel Green PLC

CIK:0001819794|SEC Filings

Consolidated Statement of (Loss)/Profit and Other Comprehensive (loss)/ Income € in Thousands	12 Months Ended
	Dec. 31, 2025 EUR (€) € / shares	Dec. 31, 2024 EUR (€) € / shares	Dec. 31, 2023 EUR (€) € / shares
IncomeStatementLineItems [Line Items]
Revenue	€ 14,415	€ 1,605	€ 4,144
Cost of sales	(10,240)		(20,088)
Gross profit (loss)	4,175	437	(15,944)
Operating expenses
Other income	1,358	881	199
Administration expenses	(11,869)	(16,460)	(15,835)
Research and development expense			(1,925)
Share-based payment (expense)/ credit	(1,562)	(2,189)	(1,393)
Impairment expense	(2)		(2,165)
Operating loss	(7,898)	(17,330)	(37,063)
Net finance income
Finance income	2,243		51
Interest payable and similar expense	(24)	(525)	58
Finance costs			(544)
Derivative financial instruments at FVTPL	3,392		6,886
Net finance income/ (costs)	5,611		6,451
Share of losses of equity-accounted investees			(245)
Exceptional items:
Profit / (loss) on deconsolidation due to insolvency	1,225	1,846
(Loss) / profit before tax	(1,062)	(15,254)	(30,857)
Income tax credit / (expense)	110		(159)
Total comprehensive (loss) / income for the year	(952)	(15,280)	(31,016)
Less: net (income) / loss attributable to non controlling interest	(742)
Net income / (loss) attributable to HTOO stockholders	€ (1,694)	(15,300)
Basic (loss)/ earnings per share \| (per share)	€ (1.27)		€ (74.11)
Diluted (loss)/ earnings per share \| (per share)	€ (1.27)		€ (74.11)
Currently stated [member]
IncomeStatementLineItems [Line Items]
Revenue		1,605
Cost of sales		(1,168)
Gross profit (loss)		437
Operating expenses
Other income		881
Administration expenses		(16,460)
Research and development expense
Share-based payment (expense)/ credit		(2,189)
Impairment expense
Operating loss		(17,330)
Net finance income
Finance income		293
Interest payable and similar expense
Finance costs		(525)
Derivative financial instruments at FVTPL		462
Net finance income/ (costs)		230
Share of losses of equity-accounted investees
Exceptional items:
Profit / (loss) on deconsolidation due to insolvency		1,846
(Loss) / profit before tax		(15,254)
Income tax credit / (expense)		(25)
Total comprehensive (loss) / income for the year		(15,279)
Less: net (income) / loss attributable to non controlling interest		(54)
Net income / (loss) attributable to HTOO stockholders		€ (15,333)
Basic (loss)/ earnings per share \| € / shares		€ (29.05)
Diluted (loss)/ earnings per share \| € / shares		€ (29.05)

Consolidated Statement of Cash Flows - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net loss for the 12 months	€ (952)	€ (15,280)	€ (31,016)
Adjusted for:
Equity settled share based payments	1,562	2,189	1,393
Fair value movement in derivative financial instruments-warrants	(3,392)	(627)	(6,886)
Depreciation and amortisation	147	2,631	2,537
Finance (costs) / income	(2,696)	471	(115)
Share of losses of equity-accounted investee			245
Onerous contract provision			(7,794)
Impairment losses on assets	3,586	268	5,482
Administration expenses: Loss/gain on sale of tangible assets	(195)	4
Impairment on inventory		2,200	13,936
Impairment on revenue		1,031
Stock issued for Services	(137)		205
Corporate Income Tax Expense		25
Commitment fees
Other income	(1,755)	(831)
Discount on convertible Notes	82	18
Profit / (loss) on deconsolidation due to insolvency	(1,225)	(1,846)
Total adjustments	(4,975)	(9,748)	(22,013)
Changes in working capital
(Increase)/decrease in receivables	(2,099)	1,270	2,816
(Increase)/decrease in inventories	523	(1,643)	(19)
(Decrease)/increase in payables and accruals	(1,743)	1,333	8,482
Interest paid		(314)	(549)
Taxes received	55	822	2,101
Net cash used in operating activities	(8,239)	(8,280)	(9,182)
Cash flows from investing activities
Purchase of tangible assets	(322)	(11)	(8,589)
Proceeds from sale of assets	718	772	439
Development expenditure		(142)	(629)
Purchase of intangible assets – other		(37)	(109)
Receipt of government grants		472	7,975
Payments to subsidiaries shareholders	(852)
Investment in equity-accounted investees			(245)
Cash derecognised on insolvency		(254)
Net cash used in investing activities	(456)	800	(1,158)
Cash flows from financing activities
Proceeds from issuance of shares	2,323	5,942	3,001
Convertible note repayments	198
Proceeds from PIPE issuance	1,565
Proceeds from loans and borrowings	1,013	1,270	1,326
Payment of lease liabilities	(184)	(752)	(1,291)
Payments to subsidiaries
Shareholder loan (repayment) / proceeds	3,962		38
Net cash from financing activities	8,877	6,459	3,074
Net increase/(decrease) in cash and cash equivalents	182	(1,020)	(7,266)
Cash and cash equivalents at beginning of period	214	1,147	5,239
Cash and cash equivalents on consolidation with QIND		36
Transfer from restricted cash			2,925
Effects of movements in exchange rates on cash held	178	51	(38)
Cash and cash equivalents at end of period	575	214	860
Add restricted cash			287
Cash and cash equivalents at end of year including restricted cash	€ 575	€ 214	€ 1,147

Consolidated Statement of Financial Position - EUR (€) € in Thousands	Dec. 31, 2025	Dec. 31, 2024	Jan. 01, 2024
Non-current assets
Property, plant and equipment	€ 1,233	€ 307	€ 24,776
Intangible assets	21,522	23,958	5,076
Goodwill	6,602
Long-term deposits	255
Other assets			1,176
Total non current assets	29,612	30,867	31,028
Current assets
Assets held for sale			833
Prepayments and other receivables	5,047	3,059	4,919
Inventory	171		3,672
Deposits and advances	520	748
Income accruals
Cash and cash equivalents	575	214	1,147
Contract assets			752
Other Current Assets	114
Total current assets	6,427		11,323
Total assets	36,039	36,078	42,351
Non-current liabilities
Trade and other payables - Leases	281		9,958
Other payables - long-term	3,067
Deferred income			9,299
Total non-current liabilities	3,348		19,257
Current liabilities
Trade and other payables	8,829		15,312
Provisions			609
Deferred Income	321		587
Cost accruals	1,098		1,764
Derivative financial instruments	181	6,340	765
Loans and borrowings	1,757		1,326
Total current liabilities	12,186		20,363
Net Assets	20,505	15,236	2,731
Equity
Share capital - preferred
Share capital	9		2
Share premium	240,680		220,157
Share based payments reserve	8,492		5,365
Other equity reserve	6,797
Retained earnings	(239,816)		(222,793)
Noncontrolling interest	4,343
Total equity	€ 20,505	15,237	€ 2,731
Currently stated [member]
Non-current assets
Property, plant and equipment		307
Intangible assets		23,958
Goodwill		6,602
Long-term deposits
Other assets
Total non current assets		30,867
Current assets
Assets held for sale
Prepayments and other receivables		3,059
Inventory		1,191
Deposits and advances		748
Income accruals
Cash and cash equivalents		214
Contract assets
Other Current Assets
Total current assets		5,211
Total assets		36,078
Non-current liabilities
Trade and other payables - Leases		155
Other payables - long-term		6,458
Deferred income
Total non-current liabilities		6,614
Current liabilities
Trade and other payables		10,180
Provisions
Deferred Income
Cost accruals		1,241
Derivative financial instruments		870
Loans and borrowings		1,938
Total current liabilities		14,228
Net Assets		15,236
Equity
Share capital - preferred		0
Share capital		3
Share premium		242,255
Share based payments reserve		6,940
Other equity reserve		24
Retained earnings		(237,985)
Noncontrolling interest		3,999
Total equity		€ 15,236