Fusion Fuel estimates €4M higher 2025 net loss
The preliminary adjustments are non-cash and are estimated to reduce total equity at December 31, 2025 by approximately €3.8 million.
Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary
Fusion Fuel Green PLC (HTOO) intends to restate its audited consolidated financial statements for the year ended December 31, 2025, after its independent auditor said they should not be relied upon. The company identified errors in translating goodwill and intangible balances, classifying foreign-operation translation differences in profit or loss rather than other comprehensive income, and assessing goodwill impairment.
Preliminary, unaudited estimates indicate an approximately €4.0 million increase in 2025 net loss, including an approximately €1.1 million goodwill impairment charge and approximately €3.1 million of foreign-exchange translation differences reclassified from finance income to other comprehensive income, plus related adjustments. Total equity at December 31, 2025 is estimated to decline by approximately €3.8 million. The company says the adjustments are non-cash and do not affect revenue, cash position or net cash flows; it does not expect the restatement directly to cause it to fail to meet Nasdaq Capital Market continued listing requirements. Estimates remain subject to change pending completion of the restatement and auditor review.
Positive
- None.
Negative
- Preliminary 2025 restatement: approximately €4.0 million higher net loss and €3.8 million lower equity.
