Recent Updates — HTOO
Fusion Fuel Green PLC announced that its indirect subsidiary, Al Shola Gas, holds a contracted LPG engineering project portfolio valued at approximately AED 19.2 million ($5.2 million) across 87 contracts as of October 14, 2026. Approximately 74% of this value is currently in execution, with work commenced on 56 contracts representing $3.9 million. The portfolio includes six new subcontracts awarded in September totaling $290,000 and a formal work order for the Motor City development valued at $939,000. Al Shola Gas expects to recognize approximately $1.0 million of engineering revenue in Q4 2026 and $2.2 million in 2027. Additionally, the company has submitted proposals for new projects with a combined value of approximately AED 50 million ($13.6 million), which remain subject to client evaluation. Fusion Fuel Green PLC operates as a diversified energy platform providing LPG supply, hydrogen solutions, and biomass steam services.
Fusion Fuel Green PLC entered into a Share Exchange Agreement with its subsidiary Quality Industrial Corp. and the minority shareholders of Al Shola Gas. The company will issue 500,000 Class A Ordinary Shares valued at $4.00 per share to satisfy $2 million of QIND's remaining purchase price obligations for its 51% stake in Al Shola Gas. This transaction reduces QIND's outstanding balance to approximately $7 million and eliminates legacy financing commitments. Additionally, the agreement mandates that Al Shola Gas distribute quarterly dividends equal to its profits starting from the third quarter of 2026. Fusion Fuel Green PLC operates as a diversified energy platform providing LPG distribution, hydrogen solutions, and biomass steam services.
Fusion Fuel Green PLC reported first-half 2026 revenue of approximately €6.5 million, a 5.7% decrease from the prior year period, driven by lower LPG sales volumes in the UAE amid regional conflict. The company posted an operating loss of €3.7 million, including €1.1 million in non-cash amortization, while its non-IFRS adjusted operating loss improved by approximately 25% to €1.8 million. Management raised full-year revenue guidance to €16 million–€18 million from previous estimates, citing expected contributions from the newly acquired Royal Uranium natural gas royalties, BioSteam Energy’s commercial operations in South Africa, and BrightHy Solutions’ hydrogen projects in Spain. The filing also notes the completion of the Royal Uranium acquisition and ongoing liquidity efforts including a $1.5 million private placement. Fusion Fuel Green PLC operates a diversified energy platform spanning uranium and natural gas royalties, LPG distribution, biomass-powered industrial steam, and hydrogen solutions.
Fusion Fuel Green PLC completed its acquisition of 100% of Royal Uranium Inc. on July 21, 2026, by issuing approximately 3.75 million Class A ordinary shares valued at roughly $10.09 million based on the closing market price. The transaction was originally agreed upon in February 2026 and adjusted in June to reflect changes in Royal Uranium's outstanding share count. Additionally, the filing restates the company’s audited consolidated financial statements for the fiscal year ended December 31, 2025, due to errors identified by the Audit Committee. Fusion Fuel Green PLC operates in the energy sector, focusing on liquefied petroleum gas services and engineering solutions.
Fusion Fuel Green PLC identified accounting errors in its fiscal year ended December 31, 2025 financial statements related to the acquisition of Quality Industrial Corp. The company will restate its consolidated financial statements to correct foreign currency translation adjustments on intangibles and goodwill, which were incorrectly classified in profit or loss rather than other comprehensive income. Additionally, a required goodwill impairment analysis was performed, resulting in an estimated increase in net loss of approximately €4.0 million and a reduction in total equity of €3.8 million. The adjustments are non-cash and do not impact the company's cash position or overall business operations. Fusion Fuel Green PLC develops green hydrogen production facilities.
On September 30, 2026, Steven Gold resigned as a director of Fusion Fuel Green PLC, effective immediately. The resignation was attributed to personal obligations requiring increased time and attention. The company thanked Mr. Gold for his service. This filing does not indicate any change in control or executive leadership roles beyond the board seat vacancy. Fusion Fuel Green PLC operates in the green hydrogen industry, focusing on the development of renewable energy projects.