HomeHRCompany Profiles2025 Annual results Lhyfe continues its growth and doubles revenues in 2025 – A sovereign player, Europe’s largest RFNBO hydrogen producer[1]
2025 Annual results Lhyfe continues its growth and doubles revenues in 2025 – A sovereign player, Europe’s largest RFNBO hydrogen producer[1]
2025: A year marked by strong commercial momentum and industrial development
Total annual revenues of approximately €10m, doubling vs 2024
A rapidly expanding European portfolio of clients, with a c. 60% growth in the number of customers served
Over 850 deliveries completed during the year with one of the largest next-generation transport fleets in the European Union (EU), with more than 80 type-IV hydrogen tube trailers operating across 9 countries
Ongoing construction of new production capacities, with a +70% increase in total installed electrolysis capacity
RFNBO (Renewable Fuel of Non-Biological Origin – the highest ecological requirement in the sector) certification of all the production sites, making the company the largest producer of RFNBO hydrogen in Europe by water electrolysis
Confirmation of the developer model, with 70% leveraging (debt + subsidies) of a project portfolio, recognising €30m of intercompany revenue from development and EPC activities
Maintaining of a solid available cash position of €75m as of end of 2025
Consolidation of Lhyfe’s core production model, refocusing of development activities on priority markets and streamlining of resources
Strengthening of commercial and operational activities
Prioritisation on European projects in structured and growing markets such as industry in the UK, refineries in Europe and mobility
Refocusing of engineering on key technical expertise and outsourcing of EPC activities (engineering, procurement and construction)
Strong reduction of cash burn, with a targeted -30% by end 2026
Revenue from green hydrogen sales expected to increase by 50% in 2026
