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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
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.
About this update from Quality Industrial Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n 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\r\n \r\n \r\n\r\n\r\nFusion 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\r\n\r\n\r\n\r\n\r\n\r\nDublin, April 02, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (\"Fusion Fuel\" or the \"Company\"), a leading provider of full-service energy engineering, advisory, and utility solutions, today highlighted certain fiscal year 2025 financial results of its majority-owned subsidiary, Quality Industrial Corp. (OTCID: QIND) (“QIND”), and provided an update on QIND’s business progress. QIND Fiscal Year 2025 Financial Results Highlights For the fiscal year ended December 31, 2025, QIND reported: \r\n Revenue of approximately $16.3 million, an increase of 45.9% compared to approximately $11.2 million in fiscal year 2024;\r\n Gross profit of approximately $4.8 million, compared to approximately $4.0 million in the prior year, representing a 20.8% increase year-over-year; and\r\n Non-GAAP adjusted net income of $564,465, compared to non-GAAP adjusted net loss of $160,774 in the prior year, representing a 451% increase year-over-year. \r\n Governance and Financial Position During fiscal year 2025, QIND: \r\n Transitioned to a three-member Board and reduced management level costs;\r\n Settlement of legacy compensation obligations and exit arrangements with former management;\r\n Reduced accounts payable by 45%;\r\n Wrote off assets deemed non-recoverable of approximately $3.5 million; and\r\n Reduced balances under convertible notes by 13%.\r\n 2026 Outlook For fiscal year 2026, QIND expects: \r\n Expansion of its United Arab Emirates (“UAE”)-based majority-owned subsidiary, Al Shola Al Modea Gas Distribution L.L.C. (“Al Shola Gas”), supported by incremental fleet capacity, a growing pipeline of contracted engineering projects, and continued geographic expansion into the northern emirates;\r\n Further deleveraging efforts, including the servicing or restructuring of outstanding debt obligations; and\r\n Revenue growth targeting approximately $20...