Lhyfe (LHYFE) Trading Update summary

Revenue growth and strategic focus

• 2025 revenues are expected to double year-on-year, reaching approximately €10 million, reflecting strong market demand and operational capacity expansion.

• Sales increased from €1 million in 2023 to €5 million in 2024, with a robust customer base across nine European countries.

• Production capacity stands at 22 MW, with a planned 70% increase in 2026, supported by a highly integrated supply chain and over 1,000 deliveries achieved.

Strategic priorities and operational adjustments

• Focus is shifting to strengthening commercial and operational activities, prioritizing projects in mature European markets, and targeting mobility, UK industry, and European refineries.

• Engineering will be refocused on core expertise, with EPC activities outsourced for future projects, leveraging industry maturity and internal experience.

• Cost reduction of approximately 30% is targeted from 2026, with a leaner project development process and more targeted resource allocation.

Market context and sustainability

• The European regulatory framework for green hydrogen is developing slowly, but the value chain is mature and some markets have stable frameworks.

• The company aims to demonstrate both ecological and economic sustainability, safeguarding industrial assets and technological expertise.

• Continued investment will focus on projects with the strongest customer impact and contribution to local energy sovereignty and decarbonization.

• Adaptability, revenue growth, and cost management are emphasized to achieve profitability and long-term value.