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Fusion Fuel Green restates results due to errors, increasing net loss by €4.0 million
HTOOFusion Fuel Green PLC
Fusion Fuel Green PLC announced on September 23, 2026, that its audited consolidated financial statements for the fiscal year ended December 31, 2025, require restatement due to accounting errors identified by Bush & Associates CPA LLC. The errors involve incorrect foreign currency translation adjustments on intangibles and goodwill from the acquisition of Quality Industrial Corp., misclassification of foreign exchange differences in profit or loss instead of other comprehensive income, and a required goodwill impairment analysis. Preliminary estimates indicate an increase in net loss of approximately €4.0 million, driven by a €1.1 million goodwill impairment charge and €3.1 million reclassification, with total equity reduced by €3.8 million. The adjustments are non-cash and do not impact the company's cash position or Nasdaq listing requirements. Fusion Fuel Green PLC operates in the green hydrogen industry, producing and supplying low-carbon energy solutions.