The strong non-GAAP profit turnaround and revenue growth signal operational improvement, but the GAAP loss and high one-time charges warrant caution. Monitor Q2 2026 filings for sustained margin improvement and progress on debt reduction to confirm trend sustainability.
Price Chart
Executive Summary
Fusion Fuel Green PLC highlighted fiscal year 2025 results for its majority-owned subsidiary, Quality Industrial Corp. (QIND), reporting $16.3M in revenue (up 45.9% YoY) and a non-GAAP adjusted net income turnaround from a $161K loss to $564K profit. The company cited cost restructuring, asset write-offs, and governance improvements, with a 2026 revenue target of $20M driven by expansion in the UAE.
Key Financial Metrics
Key Facts
- QIND reported FY2025 revenue of $16.3 million, up 45.9% from $11.2 million in FY2024
- Non-GAAP adjusted net income improved from a $161K loss in FY2024 to $564K profit in FY2025 (451% improvement)
- GAAP net loss widened to $4.6M in FY2025 from a $267K profit in FY2024 due to $3.5M in asset write-offs and higher operating expenses
- QIND reduced accounts payable by 45% and convertible note balances by 13% in FY2025
- 2026 revenue target set at $20 million, driven by expansion of UAE-based Al Shola Gas subsidiary
Financial Impact
Revenue increased by $5.1 million year-over-year; non-GAAP profit improved by $725K. GAAP net loss widened significantly due to one-time charges.
Risk Factors
- GAAP net loss widened dramatically to $4.6M despite revenue growth, raising sustainability concerns
- Forward-looking statements are highly exposed to geopolitical risks in the UAE and Persian Gulf region, including war-related disruptions
- Revenue target of $20M for 2026 is contingent on stable regional conditions and project execution
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3267277 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 6-K | $1.82 | awaiting T+20 | — | $1.71 (−6.04%) |
Oct 14, 2026 13d ago | 6-K | $1.83 | awaiting T+20 | — | $1.71 (+6.56%) |
Oct 13, 2026 14d ago | 6-K | $1.90 | awaiting T+20 | — | $1.71 (+10.00%) |
Sep 25, 2026 4w ago | 6-K | $2.06 $1.75 | ▲ +15.05% | ▲ +15.02% | $1.71 (+16.99%) |
Sep 25, 2026 4w ago | 6-K | $2.06 $1.75 | ▼ −15.05% | ▼ −15.02% | $1.71 (−16.99%) |
Sep 23, 2026 4w ago | EFFECT | $2.23 $1.83 | ▲ +17.97% | ▲ +18.66% | $1.71 (+23.32%) |
Sep 15, 2026 6w ago | 6-K | $2.13 $1.90 | ▼ −10.80% | ▼ −13.52% | $1.71 (−19.72%) |
Sep 10, 2026 6w ago | 6-K | $2.43 $1.92 | ▼ −20.99% | ▼ −23.11% | $1.71 (−29.63%) |
Sep 4, 2026 7w ago | 6-K | $2.39 $2.10 | ▲ +11.95% | ▲ +13.66% | $1.71 (+28.30%) |
Aug 20, 2026 9w ago | 6-K | $2.26 $2.03 | ▼ −10.18% | ▼ −10.18% | $1.71 (−24.34%) |
US Market Status
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