Announcement • May 01
Hydrogène de France Société anonyme, Annual General Meeting, Jun 04, 2026 Hydrogène de France Société anonyme, Annual General Meeting, Jun 04, 2026. Location: 35 rue jean duvert, blanquefort France New Risk • Apr 14
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: €998k (US$1.2m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€9.4m net loss in 3 years). Revenue is less than US$5m (€998k revenue, or US$1.2m). Market cap is less than US$100m (€57.1m market cap, or US$67.3m). Reported Earnings • Mar 30
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: €0.39 loss per share (improved from €0.75 loss in FY 2024). Revenue: €18.0m (up 62% from FY 2024). Net loss: €5.75m (loss narrowed 47% from FY 2024). Revenue missed analyst estimates by 92%. Earnings per share (EPS) exceeded analyst estimates by 57%. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Hydrogène de France Société anonyme, Annual General Meeting, Jun 13, 2025 Hydrogène de France Société anonyme, Annual General Meeting, Jun 13, 2025. Location: 35 rue jean duvert, blanquefort France Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €0.75 loss per share (further deteriorated from €0.55 loss in FY 2023). Revenue: €11.3m (up 186% from FY 2023). Net loss: €10.9m (loss widened 39% from FY 2023). Revenue missed analyst estimates by 54%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year whereas the company’s share price has fallen by 46% per year. New Risk • Feb 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€29m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€7.8m net loss in 2 years). Revenue is less than US$5m (€3.1m revenue, or US$3.2m). Market cap is less than US$100m (€91.8m market cap, or US$95.4m). New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€29m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€7.8m net loss in 2 years). Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Revenue is less than US$5m (€3.1m revenue, or US$3.2m). Market cap is less than US$100m (€56.5m market cap, or US$59.4m). New Risk • Nov 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (€6.7m net loss in 3 years). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.3m). Market cap is less than US$100m (€72.8m market cap, or US$78.9m). New Risk • Oct 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€6.7m net loss in 3 years). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.2m). Market cap is less than US$100m (€73.3m market cap, or US$79.0m). New Risk • Sep 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€6.7m net loss in 3 years). Revenue is less than US$5m (€3.9m revenue, or US$4.4m). Market cap is less than US$100m (€86.0m market cap, or US$95.7m). New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.0m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 63% per year over the past 5 years. Minor Risks Revenue is less than US$5m (€3.9m revenue, or US$4.3m). Market cap is less than US$100m (€90.0m market cap, or US$99.0m). New Risk • Jun 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.6m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Revenue is less than US$5m (€3.9m revenue, or US$4.2m). Market cap is less than US$100m (€91.6m market cap, or US$98.1m). New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings have declined by 63% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (€3.9m revenue, or US$4.2m). Reported Earnings • Apr 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: €0.55 loss per share (further deteriorated from €0.24 loss in FY 2022). Net loss: €7.84m (loss widened 133% from FY 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 91% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Renewable Energy industry in Europe. New Risk • Jan 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€3.0m net loss in 2 years). Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (€3.5m revenue, or US$3.8m). New Risk • Dec 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €3.4m Forecast net loss in 2 years: €3.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€3.0m net loss in 2 years). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (€3.5m revenue, or US$3.7m). New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (€3.5m revenue, or US$3.8m). Major Estimate Revision • Oct 01
Consensus revenue estimates fall by 77% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €15.5m to €3.50m. Forecast losses increased from -€0.32 to -€0.43 per share. Renewable Energy industry in France expected to see average net income growth of 15% next year. Consensus price target down from €19.00 to €15.00. Share price fell 5.1% to €14.62 over the past week. Announcement • Jun 28
Hydrogène de France Société anonyme Appoints Marie-Laure Mazaud to Board of Directors as an Independent Director Hydrogène de France Société anonyme announced that at the Combined General Meeting held on 15 June 2023 approved the appointment of Marie-Laure Mazaud to Board of Directors as an independent director for a 6-year term. Marie-Laure Mazaud is Chief Executive Officer of STOA, an equity investment holding focusing on infrastructure and energy projects in emerging countries. Marie-Laure has an extensive experience in corporate finance, mergers and acquisitions, project finance and governance in groups like CDC, Nokia (ex Alcatel-Lucent) and Bpifrance Assurance Export (ex-Coface) and Citi. She currently chairs the audit and risk committee of FM HOLDING Corporate – an international family logistics group – and of Wafa Assurances in Morocco. She currently sits on the Boards of these two companies as an independent director. Following the General Meeting, the composition of the Board of Directors is as follows: Damien Havard, Chairman; Jean-Noël Mareschal de Charentenay, director; Jean Clavel, director; Hanane El Hamraoui, director; Marie-Laure Mazaud, independent director; Brigitte Richard-Hidden, independent director; Rubis, represented by Clarisse Gobin-Swiecznik, director; Rubis, Energie represented by Jean-Pierre Hardy, non-voting member; Teréga Solutions, represented by Dominique Mockly, non-voting member. New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (€3.5m revenue, or US$3.8m). Price Target Changed • Nov 16
Price target decreased to €24.00 Down from €27.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €25.05. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €0.17 next year compared to a net loss per share of €0.26 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Administrator Clarisse Gobin-Swiecznik was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 29
Price target decreased to €24.00 Down from €28.75, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €25.15. Stock is down 13% over the past year. The company is forecast to post a net loss per share of €0.17 next year compared to a net loss per share of €0.26 last year. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Net loss: €3.52m (down €3.94m from profit in FY 2020). Revenue missed analyst estimates by 74%. Over the next year, revenue is forecast to grow 626%, compared to a 3,316% growth forecast for the industry in France. Announcement • Jun 25
Hydrogène de France Société anonyme has completed an IPO in the amount of €132.249992 million. Hydrogène de France Société anonyme has completed an IPO in the amount of €132.249992 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,259,259
Price\Range: €31.05
Transaction Features: Regulation S