H2APEX Reports Financial Figures for 2025's First Nine Months

H2APEX Group SCA announced their financial results for the first three quarters of 2025. Revenue stood at EUR 5.2 million, a significant decline from EUR 25.2 million in the same period of 2024. This drop is attributed to shifts in strategic focus and project construction progress.

The revenue backlog increased to EUR 10.7 million by September 2025. The company raised its annual revenue forecast to between EUR 9 million and EUR 10 million, highlighting the impact of new external service reporting and strategic partnerships like the one with Copenhagen Infrastructure Partners.

Despite low gross margins and increased expenses, H2APEX aims to expand its hydrogen production capabilities. The company faced an EBITDA of EUR -23.9 million for the period. Nevertheless, EU funding and strategic partnerships bolster their market positioning.