H2APEX publishes figures for the 2024 financial year

EQS-News: H2APEX Group SCA / Key word(s): Annual Report H2APEX publishes figures for the 2024 financial year 12.05.2025 / 22:07 CET/CEST The issuer is solely responsible for the content of this announcement. H2APEX publishes figures for the 2024 financial year

• Revenue doubled year-on-year to EUR 29.6 million in the 2024 financial year
• Forecast 2025: Temporary decline in sales expected due to increased focus on own projects

 Rostock, Grevenmacher (Grand Duchy of Luxembourg), 12. May 2025 - H2APEX Group SCA (ISIN: LU0472835155), a leading operator and developer of green hydrogen plants for the decarbonization of industry, infrastructure, and mobility, today published its annual report for the 2024 financial year. Revenue doubled year-on-year to EUR 29.6 million in the 2024 financial year (2023: EUR 15.3 million), slightly exceeding the forecast (EUR 28 million).

Due to high investments in expertise and personnel as part of the growth strategy, adjusted EBITDA amounted to EUR -16.3 million in the 2024 financial year, compared to EUR -16.1 million in the previous year. The net result for the year amounted to EUR -27.8 million, compared to EUR -24.6 million in the 2023 financial year

Peter Rößner, CEO of H2APEX: “The 2024 financial year was satisfactory overall for us. We doubled our revenue within a year and reduced our operating losses. In 2025, we will according to plan and driven by current market conditions continue to expand our own projects to sustainably increase the company's value. We will also pursue further market opportunities through EPC projects. To finance our IPCEI-funded project and other projects, we are currently reviewing financing options, in particular strategic partnerships with third parties as joint venture partners. Despite lower capital expenditure, this structure offers the advantages of a stronger market position and greater financial flexibility.”