# Fusion Fuel Reports First-Half 2026 Revenue Drop as Operating Losses Widen

- URL: https://stocks.freetheai.org/news/fusion-fuel-reports-first-half-2026-revenue-drop-as-operating-losses-widen-cc9388
- Published: 2026-10-14T11:45:00Z
- Category: earnings; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:HTOO](https://stocks.freetheai.org/symbols/NASDAQ-HTOO)
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Fusion Fuel Green PLC (NASDAQ:HTOO) reported financial results for the first six months of 2026, with revenue decreasing 5.7% year-over-year to approximately 6.5 million euros. The decline was largely caused by lower sales volumes in its liquefied petroleum gas service business, which generated 6.2 million euros compared to 6.9 million euros in the same period last year. Management attributed the reduced demand in part to customer departures following regional conflict in the Middle East.

Operating loss for the period widened to roughly 3.7 million euros from 2.9 million euros a year earlier, impacted by 1.1 million euros in non-cash intangible asset amortization and share-based payment expenses. However, non-IFRS adjusted operating loss improved by 25% to 1.8 million euros, supported by a 14% drop in administrative costs and a 25% reduction in payroll expenses. The company also expanded its clean energy footprint, generating 369,000 euros from engineering subsidiary BrightHy Solutions and commencing operations at a South African biomass steam facility.

Looking ahead, the energy provider expects improved adjusted performance in the second half of 2026 as recent acquisitions and projects begin contributing. In July 2026, the firm completed its purchase of Royal Uranium Inc., adding a portfolio of 16 uranium royalty interests and three natural gas interests. Investors will monitor whether revenue recognition from green hydrogen contracts and full-year contributions from new energy facilities offset broader geopolitical and market pressures.

## Key points

- First-half 2026 revenue fell 5.7% year-over-year to approximately 6.5 million euros due to reduced sales volume in liquefied petroleum gas services.
- Operating loss widened to 3.7 million euros due to non-cash amortization and share-based expenses, though non-IFRS adjusted operating loss narrowed 25%.
- Administrative expenses declined 14% to 3.8 million euros, driven by a 25% reduction in salaries and wages from ongoing cost-cutting efforts.
- Fusion Fuel Green PLC completed the acquisition of Royal Uranium Inc. in July 2026, expanding into uranium and natural gas royalty interests.

## Questions and answers

### What were Fusion Fuel Green's H1 2026 financial results?

Fusion Fuel Green reported first-half revenue of approximately 6.5 million euros, down 5.7% from the previous year. Operating loss widened to 3.7 million euros, though non-IFRS adjusted operating loss improved 25% to 1.8 million euros.

### Why did Fusion Fuel Green's revenue fall in the first half of 2026?

Revenue dropped primarily due to lower sales volume in LPG services, which management attributed in part to customers leaving the region following conflict involving Iran.

### What recent acquisition did Fusion Fuel Green complete?

In July 2026, Fusion Fuel Green completed the acquisition of Royal Uranium Inc., acquiring a portfolio of royalty interests across 16 uranium project areas and three natural gas areas.