Haffner Energy Reports Half-year Results to September 30, 2023

Regulatory News:

Haffner Energy (Paris:ALHAF) publishes its half-year results for the period ending September 30, 2023, as approved on December 13, 2023, by the Company's Board of Directors.

Key figures ending September 30, 2023 (IFRS / K€)

In thousands of euros (K€)				09.30.22 (6 months)		09.30.23 (6 months)
Net sales						(343)
EBITDA				(4,204)		(5,477)
Operating result				(5,241)		(3,531)
Net income				(5,274)		(3,333)
In thousands of euros (K€)				03.31.23		09.30.23
Shareolders' equity				36,887		33,321
Cash available				35,477		21,007

Delays in the deployment of the hydrogen ecosystem are more than offset by the renewable gas segment

Hydrogen dedicated to regional ecosystems continues to face the "chicken and egg problem", hampering the financing and implementation of renewable hydrogen production units. Beyond this dilemma, recent inflation is driving up costs, requiring business plans to be revised and slowing hydrogen deployment. This situation is impacting the development of the HYNOCA decentralized hydrogen production solution for capacities of up to 3 tonnes per day. However, this effect should be more than offset, both in terms of sales and EBITDA, thanks to Haffner Energy's new offer which targets the replacement of fossil natural gas within large industry by fully renewable gas.