HTOO on Nasdaq
Fusion Fuel Green PLC
Fuel Green PLC was incorporated in Ireland on April 3, 2020 as a private limited company under the name “Dolya Holdco 3 Limited”.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerHTOO on Nasdaq1
- IndustryMisc Industrial & Commercial Machinery & Equipment1
- HeadquartersL21
- Incorporated inIreland2
- Business address9 Pembroke Street Upper, Dublin 2, Dublin2
- Filer categoryNon-accelerated filer, Emerging growth company2
- Legal formCorporation
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Fuel Green PLC was incorporated in Ireland on April 3, 2020 as a private limited company under the name “Dolya Holdco 3 Limited”.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.
Key numbers, fiscal 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Bulk LPG deliveries [member] brought in 32% of the revenue Fusion Fuel Green PLC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Bulk LPG deliveries [member] | 436.0K EUR | 4.5M EUR | |
| Engineering, installation and annual maintenance contracts [member] | 578.0K EUR | 4.1M EUR | |
| LPG cylinder sales [member] | 377.0K EUR | 3.6M EUR | |
| Metered LPG utility services [member] | 214.0K EUR | 2.2M EUR | |
| Hydrogen engineering and advisory services [member] | 4.1M EUR | 5.0K EUR |
Business segments
LPG distribution & engineering [member] brought in 100% of the revenue Fusion Fuel Green PLC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| LPG distribution & engineering [member] | 1.6M EUR | 14.4M EUR |
| All other segments [member] | 5.0K EUR |
Regions
AE brought in 100% of the revenue Fusion Fuel Green PLC broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| AE | 1.6M EUR | 14.4M EUR | |
| Spain | 5.0K EUR |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue73¢1.2M EUR
- Other costs10¢160.0K EUR
- Interest0¢2.0K EUR
- Income tax17¢275.0K EUR
Out of 1.6M EUR in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | 14.4M EUR | 1.6M EUR | 4.1M EUR |
| Cost of sales | -10.2M EUR | -20.1M EUR | |
| Gross profit (loss) | 4.2M EUR | 437.0K EUR | -15.9M EUR |
| Other income | 1.4M EUR | 881.0K EUR | 199.0K EUR |
| Administration expenses | -11.9M EUR | -16.5M EUR | -15.8M EUR |
| Research and development expense | -1.9M EUR | ||
| Share-based payment (expense)/ credit | -1.6M EUR | -2.2M EUR | -1.4M EUR |
| Impairment expense | -2.0K EUR | -2.2M EUR | |
| Operating loss | -7.9M EUR | -17.3M EUR | -37.1M EUR |
| Finance income | 2.2M EUR | 51.0K EUR | |
| Interest payable and similar expense | -24.0K EUR | -525.0K EUR | 58.0K EUR |
| Finance costs | -544.0K EUR | ||
| Derivative financial instruments at FVTPL | 3.4M EUR | 6.9M EUR | |
| Net finance income/ (costs) | 5.6M EUR | 6.5M EUR | |
| Share of losses of equity-accounted investees | -245.0K EUR | ||
| Profit / (loss) on deconsolidation due to insolvency | 1.2M EUR | 1.8M EUR | |
| (Loss) / profit before tax | -1.1M EUR | -15.3M EUR | -30.9M EUR |
| Income tax credit / (expense) | 110.0K EUR | -159.0K EUR | |
| Total comprehensive (loss) / income for the year | -952.0K EUR | -15.3M EUR | -31.0M EUR |
| Less: net (income) / loss attributable to non controlling interest | -742.0K EUR | ||
| Net income / (loss) attributable to HTOO stockholders | -1.7M EUR | -15.3M EUR | |
| Basic (loss)/ earnings per share | -1.27 EUR | -29.05 EUR | -74.11 EUR |
| Diluted (loss)/ earnings per share | -1.27 EUR | -29.05 EUR | -74.11 EUR |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property, plant and equipment | 1.2M EUR | 307.0K EUR | 24.8M EUR | |
| Intangible assets | 21.5M EUR | 24.0M EUR | 5.1M EUR | |
| Goodwill | 6.6M EUR | |||
| Long-term deposits | 255.0K EUR | |||
| Other assets | 1.2M EUR | |||
| Total non current assets | 29.6M EUR | 30.9M EUR | 31.0M EUR | |
| Assets held for sale | 833.0K EUR | |||
| Prepayments and other receivables | 5.0M EUR | 3.1M EUR | 4.9M EUR | |
| Inventory | 171.0K EUR | 3.7M EUR | ||
| Deposits and advances | 520.0K EUR | 748.0K EUR | ||
| Cash and cash equivalents | 575.0K EUR | 214.0K EUR | 1.1M EUR | 5.2M EUR |
| Contract assets | 752.0K EUR | |||
| Other Current Assets | 114.0K EUR | |||
| Total current assets | 6.4M EUR | 11.3M EUR | ||
| Total assets | 36.0M EUR | 36.1M EUR | 42.4M EUR | |
| Trade and other payables - Leases | 281.0K EUR | 10.0M EUR | ||
| Other payables - long-term | 3.1M EUR | |||
| Deferred income | 9.3M EUR | |||
| Total non-current liabilities | 3.3M EUR | 19.3M EUR | ||
| Trade and other payables | 8.8M EUR | 15.3M EUR | ||
| Provisions | 609.0K EUR | |||
| Deferred Income | 321.0K EUR | 587.0K EUR | ||
| Cost accruals | 1.1M EUR | 1.8M EUR | ||
| Derivative financial instruments | 181.0K EUR | 6.3M EUR | 765.0K EUR | |
| Loans and borrowings | 1.8M EUR | 1.3M EUR | ||
| Total current liabilities | 12.2M EUR | 20.4M EUR | ||
| Net Assets | 20.5M EUR | 15.2M EUR | 2.7M EUR | |
| Share capital | 9.0K EUR | 2.0K EUR | ||
| Share premium | 240.7M EUR | 220.2M EUR | ||
| Share based payments reserve | 8.5M EUR | 5.4M EUR | ||
| Other equity reserve | 6.8M EUR | |||
| Retained earnings | -239.8M EUR | -222.8M EUR | ||
| Noncontrolling interest | 4.3M EUR | |||
| Total equity | 20.5M EUR | 15.2M EUR | 2.7M EUR |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property, plant and equipment | 1.2M EUR | 307.0K EUR | 24.8M EUR | |
| Intangible assets | 21.5M EUR | 24.0M EUR | 5.1M EUR | |
| Goodwill | 6.6M EUR | |||
| Long-term deposits | 255.0K EUR | |||
| Other assets | 1.2M EUR | |||
| Total non current assets | 29.6M EUR | 30.9M EUR | 31.0M EUR | |
| Assets held for sale | 833.0K EUR | |||
| Prepayments and other receivables | 5.0M EUR | 3.1M EUR | 4.9M EUR | |
| Inventory | 171.0K EUR | 3.7M EUR | ||
| Deposits and advances | 520.0K EUR | 748.0K EUR | ||
| Cash and cash equivalents | 575.0K EUR | 214.0K EUR | 1.1M EUR | 5.2M EUR |
| Contract assets | 752.0K EUR | |||
| Other Current Assets | 114.0K EUR | |||
| Total current assets | 6.4M EUR | 11.3M EUR | ||
| Total assets | 36.0M EUR | 36.1M EUR | 42.4M EUR | |
| Trade and other payables - Leases | 281.0K EUR | 10.0M EUR | ||
| Other payables - long-term | 3.1M EUR | |||
| Deferred income | 9.3M EUR | |||
| Total non-current liabilities | 3.3M EUR | 19.3M EUR | ||
| Trade and other payables | 8.8M EUR | 15.3M EUR | ||
| Provisions | 609.0K EUR | |||
| Deferred Income | 321.0K EUR | 587.0K EUR | ||
| Cost accruals | 1.1M EUR | 1.8M EUR | ||
| Derivative financial instruments | 181.0K EUR | 6.3M EUR | 765.0K EUR | |
| Loans and borrowings | 1.8M EUR | 1.3M EUR | ||
| Total current liabilities | 12.2M EUR | 20.4M EUR | ||
| Net Assets | 20.5M EUR | 15.2M EUR | 2.7M EUR | |
| Share capital | 9.0K EUR | 2.0K EUR | ||
| Share premium | 240.7M EUR | 220.2M EUR | ||
| Share based payments reserve | 8.5M EUR | 5.4M EUR | ||
| Other equity reserve | 6.8M EUR | |||
| Retained earnings | -239.8M EUR | -222.8M EUR | ||
| Noncontrolling interest | 4.3M EUR | |||
| Total equity | 20.5M EUR | 15.2M EUR | 2.7M EUR |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss for the 12 months | -952.0K EUR | -15.3M EUR | -31.0M EUR |
| Equity settled share based payments | 1.6M EUR | 2.2M EUR | 1.4M EUR |
| Fair value movement in derivative financial instruments-warrants | -3.4M EUR | -627.0K EUR | -6.9M EUR |
| Depreciation and amortisation | 147.0K EUR | 2.6M EUR | 2.5M EUR |
| Finance (costs) / income | -2.7M EUR | 471.0K EUR | -115.0K EUR |
| Share of losses of equity-accounted investee | 245.0K EUR | ||
| Onerous contract provision | -7.8M EUR | ||
| Impairment losses on assets | 3.6M EUR | 268.0K EUR | 5.5M EUR |
| Administration expenses: Loss/gain on sale of tangible assets | -195.0K EUR | 4.0K EUR | |
| Impairment on inventory | 2.2M EUR | 13.9M EUR | |
| Impairment on revenue | 1.0M EUR | ||
| Stock issued for Services | -137.0K EUR | 205.0K EUR | |
| Corporate Income Tax Expense | 25.0K EUR | ||
| Other income | -1.8M EUR | -831.0K EUR | |
| Discount on convertible Notes | 82.0K EUR | 18.0K EUR | |
| Profit / (loss) on deconsolidation due to insolvency | -1.2M EUR | -1.8M EUR | |
| Total adjustments | -5.0M EUR | -9.7M EUR | -22.0M EUR |
| (Increase)/decrease in receivables | -2.1M EUR | 1.3M EUR | 2.8M EUR |
| (Increase)/decrease in inventories | 523.0K EUR | -1.6M EUR | -19.0K EUR |
| (Decrease)/increase in payables and accruals | -1.7M EUR | 1.3M EUR | 8.5M EUR |
| Interest paid | -314.0K EUR | -549.0K EUR | |
| Taxes received | 55.0K EUR | 822.0K EUR | 2.1M EUR |
| Net cash used in operating activities | -8.2M EUR | -8.3M EUR | -9.2M EUR |
| Purchase of tangible assets | -322.0K EUR | -11.0K EUR | -8.6M EUR |
| Proceeds from sale of assets | 718.0K EUR | 772.0K EUR | 439.0K EUR |
| Development expenditure | -142.0K EUR | -629.0K EUR | |
| Purchase of intangible assets other | -37.0K EUR | -109.0K EUR | |
| Receipt of government grants | 472.0K EUR | 8.0M EUR | |
| Payments to subsidiaries shareholders | -852.0K EUR | ||
| Investment in equity-accounted investees | -245.0K EUR | ||
| Cash derecognised on insolvency | -254.0K EUR | ||
| Net cash used in investing activities | -456.0K EUR | 800.0K EUR | -1.2M EUR |
| Proceeds from issuance of shares | 2.3M EUR | 5.9M EUR | 3.0M EUR |
| Convertible note repayments | 198.0K EUR | ||
| Proceeds from PIPE issuance | 1.6M EUR | ||
| Proceeds from loans and borrowings | 1.0M EUR | 1.3M EUR | 1.3M EUR |
| Payment of lease liabilities | -184.0K EUR | -752.0K EUR | -1.3M EUR |
| Shareholder loan (repayment) / proceeds | 4.0M EUR | 38.0K EUR | |
| Net cash from financing activities | 8.9M EUR | 6.5M EUR | 3.1M EUR |
| Net increase/(decrease) in cash and cash equivalents | 182.0K EUR | -1.0M EUR | -7.3M EUR |
| Cash and cash equivalents on consolidation with QIND | 36.0K EUR | ||
| Transfer from restricted cash | 2.9M EUR | ||
| Effects of movements in exchange rates on cash held | 178.0K EUR | 51.0K EUR | -38.0K EUR |
No quarter-by-quarter statement was filed.
Leadership
Who has led Fusion Fuel Green PLC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJohn-Paul Backwell Dec 5, 2024 to now9
- Chief financial officerDe Chaves Frederico Figueira Mar 18, 2026 to now10
Board members and other officers (5)
- Board memberDe Chaves Frederico Figueira Mar 18, 2026 to now10
- Board memberJames Passin Mar 18, 2026 to now11
- Board memberJohn-Paul Backwell Mar 18, 2026 to now12
- Board memberLuisa Ingargiola Mar 18, 2026 to now13
- Board memberPierce Crosby Mar 18, 2026 to now14
Named in SEC Form D filings
People the company listed in its private-offering notices.
- CEO, CSO, CFO a.i. & DirectorFrederico Figueira de Chaves named Jan 21, 2025 to Aug 13, 202615
- Executive OfficerGavin Jones named Jul 24, 2025 to Jul 25, 202516
- Executive Officer, DirectorJeffrey Schwartz named Jul 24, 2025 to Jul 25, 202516
- Executive OfficerGavin Figueira Jones named Jan 21, 2025 to Jan 22, 202517
- Executive Officer, DirectorJeffrey Figueira Schwartz named Jan 21, 2025 to Jan 22, 202517
- DirectorSteven Gold named Feb 26, 2026 to Aug 13, 202615
- DirectorRune Magnus Lundetrae named Jan 21, 2025 to Jul 25, 202516
- DirectorTheresa Figueira Jester named Jan 21, 2025 to Jan 22, 202517
Former names
- Fusion Fuel Green LtdAug 5, 2020 to Oct 2, 20202
Timeline
- Dec 5, 2024New chief executive John-Paul Backwell becomes CEO9
Filings
276 filings to the SEC since October 2021: 6 annual reports, 30 insider forms, 21 large holders, 7 private raises, 212 other. The latest 20:
- Oct 14, 20266-K EDGAR
- Oct 13, 20266-K EDGAR
- Oct 6, 202620-F/A EDGAR
- Oct 6, 20266-K/A EDGAR
- Oct 2, 20266-K EDGAR
- Sep 25, 20266-K EDGAR
- Sep 25, 20266-K EDGAR
- Sep 23, 2026424B3 EDGAR
- Sep 22, 2026EFFECT EDGAR
- Sep 15, 20266-K EDGAR
- Sep 11, 2026F-3 EDGAR
- Sep 10, 20266-K EDGAR
- Sep 4, 20266-K EDGAR
- Aug 20, 20266-K EDGAR
- Aug 13, 2026D EDGAR
- Aug 12, 20266-K EDGAR
- Aug 11, 20266-K/A EDGAR
- Aug 7, 20266-K EDGAR
- Jul 29, 20266-K EDGAR
- Jul 29, 2026424B5 EDGAR
The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gregory LipschitzSCHEDULE 13G/A, 2 filings Dec 18, 2025 to May 8, 202618
- Roxy Capital CorpSCHEDULE 13G/A, 3 filings Sep 29, 2025 to May 8, 202619
- Lantern Management Fund LPSCHEDULE 13G, 1 filing Feb 13, 202620
- De Chaves Frederico FigueiraSCHEDULE 13D, 1 filing Dec 4, 202521
- John-Paul BackwellSCHEDULE 13D, 1 filing Dec 4, 202522
- MAK CAPITAL ONE LLCSC 13G/A, 8 filings Nov 1, 2021 to Dec 11, 202423
- Richard LeahySC 13G/A, 2 filings Mar 27, 2024 to Aug 6, 202424
- BNP Paribas Asset Management UK LtdSC 13G/A, 2 filings Jan 28, 2022 to Aug 3, 202225
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 7, 2026Raised $1.5 million in a private offering of equity Form D: 13 investors so far Form D
- May 6, 2026Filed a private offering of equity Form D: $15 million offered in all Form D
- Feb 12, 2026Raised $2.6 million in a private offering of equity Form D: 15 investors so far Form D
- Jul 22, 2025Raised $4.3 million in a private offering of equity Form D: 6 investors so far Form D
- Feb 28, 2025Raised $1.3 million in a private offering of equity Form D: 3 investors so far Form D
- Jan 10, 2025Raised $1.3 million in a private offering of debt Form D: 4 investors so far Form D
- Jan 10, 2025Raised $250,000 in a private offering of equity Form D: $25.2 million offered in all Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARJames Passin, Board member
- 12SEC EDGARJohn-Paul Backwell, Board member
- 13SEC EDGARLuisa Ingargiola, Board member
- 14SEC EDGARPierce Crosby, Board member
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