Fusion Fuel Reports First Half 2026 Results and Expects Full-Year Revenue Growth of 11–25%

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“The first half of 2026 marked important progress in our transformation.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Firstly, we entered into the acquisition of Royal Uranium, which was signed in Q1 and closed in Q3 of 2026.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“With this we cemented our exposure to one of the key energy fuels of the future.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“We were able to hold to our principles of securing assets which do not require high CAPEX investments to grow and that we can secure at what we believe to be attractive value.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Nuclear energy is playing an increasingly important role in supporting energy security, rising electricity demand, and the expansion of AI and data center infrastructure, and we believe our royalty portfolio provides an attractive opportunity to participate in these long-term trends without the operational complexity of directly developing mining assets.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Al Shola Gas maintained operations without interruption through a period of significant regional disruption, managing volatility in supply costs, foreign exchange and customer volumes.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“It also signed 21 new engineering contracts worth a total of $3.54 million in the first half; historically, a majority of Al Shola Gas’s engineering clients have converted into ongoing LPG supply customers.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“At the same time, BrightHy Solutions began contributing engineering revenue with the completion of its engineering contract, but more importantly, it began execution on the delivery of a green hydrogen plant and hydrogen refueling station in Southern Europe with expected completion by the end of 2026.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“BrightHy Solutions also began execution on a 2 MW green hydrogen plant to support the decarbonization of a cement plant in Spain.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“To date, BrightHy Solutions has signed or has in progress around €5 million of hydrogen solutions contracts in its first year and a half of operation with additional projects in the proposal phase.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Lastly, BioSteam Energy commenced commercial operations at its first industrial facility in South Africa, and we continue to work with our joint venture partners to replicate this solution in the region at other industrial sites.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Together, these milestones reflect our continued progress in expanding our commercial footprint, diversifying revenue streams, and positioning the Company for long-term growth.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“Our diversified energy platform is now established, and our focus has shifted to scaling operations, improving efficiencies, and translating our strategic progress into stronger financial performance.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“We expect 2026 results to continue to include significant one-off and non-cash items, including costs related to the Royal Uranium acquisition and, should a prolonged regional conflict affect Al Shola Gas’s growth prospects, potential impairment charges and foreign exchange effects relating to QIND and Al Shola Gas.”

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel

“However, we anticipate improved adjusted results in the second half of 2026, supported by increasing contributions from our operating subsidiaries, such as Royal Uranium’s producing natural gas royalties, which were not accounted for in the first half, and BioSteam Energy, which commenced commercial operations in May 2026, as well as the expected revenue recognition of the green hydrogen project to be delivered before year end by BrightHy Solutions, and lastly the contribution of what is traditionally the strongest quarter at Al Shola Gas in the fourth quarter of the year.”