McPhy Energy SA ( (MPHYF) ) has released its Q4 earnings. Here is a breakdown of the information McPhy Energy SA presented to its investors.
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McPhy Energy SA is a European leader in alkaline electrolyzer technology, specializing in hydrogen production equipment for industrial, mobility, and energy sectors. The company is known for its innovative solutions that support the global energy transition.
In its 2024 financial results, McPhy Energy reported a revenue of €13.2 million, a significant decrease from the previous year, largely due to the termination of certain refueling station projects. Despite this, the company saw a 15% growth in electrolyzer revenue, which now constitutes the majority of its business.
Key highlights from the report include a doubling of order intake to €28.1 million and a stable EBITDA of €(43.5) million. However, the net income was negatively impacted, resulting in a loss of €74.1 million, primarily due to the sale of the refueling station business and associated costs. The company’s cash position stood at €39.6 million at the end of 2024, with uncertainties about its financial sustainability beyond the first half of 2025.
Looking ahead, McPhy Energy is actively seeking solutions to ensure its operations continue beyond mid-2025. The management remains focused on leveraging its core electrolyzer business and exploring strategic opportunities to strengthen its financial position.