Lhyfe (LHYFE) H2 2025 TU earnings summary

Executive summary

• 2025 revenue doubled to approximately €10m, in line with guidance, driven by expanded customer base and increased deliveries across Europe.

• Over 55 customers supplied in 2025, with new multi-year offtake contracts in France, Germany, and the Netherlands.

• More than 850 deliveries made in 2025, up 80% year-over-year, leveraging one of the largest hydrogen transport fleets in the EU.

• Strategic refocus on core engineering, prioritization of mature European markets, and a 30% cost reduction plan starting in 2026.

Financial highlights

• 2025 revenue reached €9.8m, nearly double the €5.1m reported in 2024.

• Revenue growth attributed to higher business volume and new customer contracts, with significant contributions from Buléon and Bessières sites.

Outlook and guidance

• Commercial ramp-up of Buléon and Bessières sites to continue in 2026 and 2027.

• 30% cost reduction plan to be implemented from 2026, with targeted resource allocation and workforce reductions.

• Impacts of reorganization and 2026 roadmap to be communicated with 2025 annual results in March 2026.