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Hydrogène de France (HDF) investor relations material
Hydrogène de France H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Signed €168.9 million financing agreement in December 2025 to support industrial fuel cell project, enabling operational launch and strategic partnership with ABB for maritime sector.
Streamlined project portfolio, resizing and reprioritizing projects for improved market access and cost control.
Net loss reduced to €5.7 million in 2025 from €10.9 million in 2024, reflecting improved cost management.
Cash position at €33.5 million at year-end 2025, after significant investments in production facilities.
Financial highlights
Revenue from activity totaled €17.99 million in 2025, up from €11.27 million in 2024, driven by subsidy income and project milestones.
Operating loss narrowed to €2.4 million in 2025 from €15.6 million in 2024.
Net loss for 2025 was €5.7 million, a significant improvement from €10.9 million in 2024.
Cash flow from operations nearly balanced at -€89k, with €5.1 million invested in assets.
EPS improved to -€0.39 from -€0.75 year-over-year.
Outlook and guidance
Launch of industrial project and ABB partnership positions the group for growth in heavy maritime and rail mobility sectors.
Sales initiatives underway globally, leveraging expanded teams since 2021.
- Revenue declined and net loss widened as project delays and FX losses impacted results.HDF
H1 202522 Sep 2025 - HDF Energy advances industrial projects with strong cash reserves and a €172.7M grant.HDF
H1 202413 Jun 2025 - Revenue up, industrial launch underway, and €172.7M French support confirmed.HDF
H2 20245 Jun 2025
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