Lhyfe: net loss of €20.1 million in the first half of 2026, with sales expected to rise

Lhyfe reported a net loss of €20.1 million in the first half of 2026, following a net loss of €21.7 million a year earlier, according to its results published on 29 October 2026.

The French renewable hydrogen producer achieved turnover of €4.7 million, compared with €4.6 million in the first half of 2025. The growth in its sales in Germany, where they more than doubled, and in France offset the decline in its business in the Nordic countries.

The group is continuing with its cost-cutting plan, aiming for a reduction of around 30 per cent on a full-year basis. Its workforce has fallen from 188 employees at the end of 2025 to 126 as at 30 June 2026.

Lhyfe forecasts revenue from the sale of renewable hydrogen of between €12 million and €13 million in 2026, followed by growth of over 60 per…