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Fusion Fuel Highlights Fiscal Year 2025 Results and Business Progress of Majority-Owned Subsidiary Quality Industrial Corp.; Achieves 45.9% Year-Over-Year Revenue Growth to $16.3 Million

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  • Fusion Fuel Green PLC highlighted fiscal year 2025 financial results & business progress for its majority-owned subsidiary, Quality Industrial Corp. (QIND).
  • QIND reported FY 2025 revenue of approximately $16.3 million, a 45.9% increase from $11.2 million in FY 2024.
  • QIND's gross profit reached approximately $4.8 million in FY 2025, representing a 20.8% year-over-year increase.
  • QIND achieved a non-GAAP adjusted net income of $564,465 in FY 2025, a 451% improvement from a non-GAAP adjusted net loss of $160,774 in the prior year.
  • Governance & financial actions during FY 2025 included transitioning to a three-member Board, reducing management costs, settling legacy compensation obligations, & reducing accounts payable by 45%.
  • QIND wrote off approximately $3.5 million in non-recoverable assets & reduced convertible note balances by 13% during FY 2025.
  • QIND's FY 2025 GAAP net income was $266,780, while FY 2024 GAAP net income was $266,780; FY 2025 GAAP net loss was $4,603,645 due to non-cash write-offs & adjustments.
  • FY 2026 outlook for QIND includes expanding its UAE-based subsidiary Al Shola Gas with incremental fleet capacity & geographic growth into northern emirates.
  • QIND targets FY 2026 revenue of approximately $20 million, subject to market conditions & absence of prolonged disruptions in the UAE & Persian Gulf region.
  • Further deleveraging efforts are anticipated for FY 2026, including servicing or restructuring outstanding debt obligations.
  • Non-GAAP adjustments for FY 2025 included reversals of historical management compensation, settlement payments to former officers, asset reserves, receivable write-offs, & non-operational income.
  • QIND specializes in liquified petroleum gas (LPG) infrastructure & distribution through its subsidiary Al Shola Gas across the UAE.
  • Fusion Fuel Green PLC provides integrated energy engineering, distribution, & green hydrogen solutions via Al Shola Gas, BrightHy Solutions, & BioSteam Energy platforms.
  • Forward-looking statements in the release carry risks related to regional geopolitical conflicts, debt restructuring, project execution, & regulatory compliance.