Hydrogen Refueling Solutions Half-Year Results 2025-2026

Hydrogen Refueling Solutions (HRS) announces a 16% increase in revenue, reaching €8.6 million for the period from July to December 2025. Gross margin reached 37.7%, thanks to reduced fixed costs and improved inventory management. These streamlining efforts resulted in savings of €6 million for the year. EBITDA improved, limiting the loss to €2.4 million.

The development of hydrogen stations and maintenance increased by 21% and 33% respectively. However, accounting adjustments of nearly €15 million related to intangible assets impacted the net result, which stood at -€19.6 million. HRS continues to optimize its organization and expand into strategic international markets.