Haffner Energy Announces the Publication of Its Annual Results for the Year Ended 31 March 2022

Regulatory News:

Haffner Energy (Paris:ALHAF) (ISIN code: FR0014007ND6 - Mnemonic: ALHAF), today announces the publication of its results for the 2021-2022 financial year ending 31 March, approved on 28 June 2022 by the Company's Board of Directors.

Philippe Haffner, Chairman and CEO of Haffner Energy said: "These first annual results since our IPO reflect the ongoing deployment of Haffner Energy's technology and its Hynoca module and service offering to produce green hydrogen and renewable gas from biomass.

Hynoca enables industrial and mobility players to produce green hydrogen and renewable gas with a negative carbon footprint, while being highly competitive. Hynoca is part of a local and circular approach, strongly enhancing the value of the territories. In particular, Hynoca provides an immediate, local, and competitive solution to the urgent need for Europe's energy independence. Hynoca is based on a counter-cyclical model that is hardly affected by increases in the price of gas, electricity, and raw materials, which makes it more competitive.

Following the success of the IPO in February 2022, which led to a €59.3 million capital increase, we are accelerating our development and are focused on industrial, commercial, and technological deployment as well as on structuring the Company.

We also benefit from the accelerating structural trends towards more decarbonisation and energy independence. All these strengths support our medium to long term growth and profitability targets of €250 million turnover in the financial year 2025/26 and a long-term EBITDA margin of 25%."

Key figures as at 31 March 2022 (IFRS standards / k€)

In thousands of euros	31.03.22 (12 months)	31.03.21 (12 months)
Turnover and other income	1,397	4,439
EBITDA	(2,704)	(1,774)
Operating result	(4,726)	(2,972)
Net result	(4,807)	(3,027)
Equity	54,253	(194)