)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hydrogen Capital Growth
Hydrogen Capital Growth (HGEN) investor relations material
Hydrogen Capital Growth has been delisted
Hydrogen Capital Growth H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary13 Nov, 2025
Executive summary
NAV per share fell 54.1% to 41.48p as of 30 June 2025, with NAV dropping from £116.4m to £53.4m year-over-year.
Share price rose 26.8% to 27.45p, narrowing the discount to NAV to 33.8% from 76.0%.
A new investment adviser (Redwheel) and AIFM (GFM) were appointed in July 2025, with a proposed managed realisation strategy for remaining assets.
A general meeting is scheduled for 1 December 2025 to approve the managed wind-down policy.
The company’s cash position is constrained, with £1.6m at 30 June and £1.1m at 30 September 2025.
Financial highlights
NAV per share: 41.48p (down from 90.39p at 31 Dec 2024).
NAV: £53.4m (down from £116.4m at 31 Dec 2024).
Share price: 27.45p (up from 21.65p at 31 Dec 2024).
Market cap: £35.4m (up from £27.9m at 31 Dec 2024).
Ongoing charges ratio: 2.84% (up from 2.53%).
Loss after tax for the period: £63.0m, or 48.90p per share.
Losses on investments: £62.5m for the period.
Outlook and guidance
Focus is on realising value for shareholders through asset disposals, subject to approval of the managed realisation strategy.
The company faces ongoing cash constraints and is exploring options to unlock funding or access debt.
Directors highlight material uncertainties regarding going concern status.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Hydrogen Capital Growth
- Cordiant acquires HydrogenOne's adviser, boosting scale, capital access, and hydrogen sector growth.HGEN
M&A Announcement - NAV and portfolio revenue grew, with strong sector momentum and major new investments.HGENH1 2024
- NAV per share at 100.81p, 19% revenue growth, and major contracts drive sector momentum.HGENStatus Update
- NAV stable, portfolio revenue up 21%, and green hydrogen supply to rise 15x by 2027.HGENStatus Update
- NAV per share dropped to 90.39p, but portfolio revenues rose 11% and Cordiant deal boosts prospects.HGENStatus Update
Hydrogen Capital Growth
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
HydrogenOne Capital Growth plc is a UK-based investment company focused on the hydrogen sector. It invests in clean hydrogen production, supply chain infrastructure, and related technologies to support the transition to low-carbon energy systems. The company provides growth capital to private and listed companies involved in hydrogen solutions, aiming to generate long-term returns alongside environmental impact. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE.