Fusion Fuel Green PLC key statistics and ratios

In fiscal 2025, Fusion Fuel Green PLC had return on equity of -36.5%, an operating margin of -60.9%, debt equal to 11.1% of equity and a current ratio of 0.52. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fusion Fuel Green PLC: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	—	—	—	27.2%	29.0%
Operating margin	—	—	−894.4%	<−999%	−60.9%
Net margin	—	—	−748.5%	−953.3%	−39.7%
Free-cash-flow margin	—	—	−428.8%	−516.6%	−57.1%
Return on equity	—	85.7%	−113.6%	−176.2%	−36.5%
Return on assets	−273.7%	36.0%	−53.6%	−39.3%	−17.3%
Asset turnover	—	—	0.07	0.04	0.43
Current ratio	1.09	2.45	0.56	0.54	0.52
Debt to equity	0.0%	0.0%	48.6%	13.8%	11.1%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	—	—	46.5%	—	—
Capital spending as % of revenue	—	—	207.3%	0.7%	0.0%
Free cash flow ÷ net income	—	−132.7%	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · December 31, 2025

What it owns · $38m

Short-term assets $8mLonger-term assets $30m

What it owes, and who funded it · $38m

Short-term liabilities $14mLonger-term liabilities $4mShareholders' equity $20m

Short-term assets cover short-term liabilities $8m of assets due within a year against $14m of liabilities due within a year.
Short-term assets cover long-term liabilities $8m short-term assets against $4m of longer-dated liabilities.
More cash than debt $674,820 of cash against $2m of debt.
Debt below 40% of shareholders' equity Debt is 11% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$9m of operating cash flow against $2m of debt.
Operating profit covers interest at least five times over Operating income of −$10m against $52,009 of interest.

From Fusion Fuel Green PLC's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Fusion Fuel Green PLC's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fusion Fuel Green PLC.