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

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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 Dublin, 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: Revenue of approximately $16.3 million, an increase of 45.9% compared to approximately $11.2 million in fiscal year 2024; 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 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. Governance and Financial Position During fiscal year 2025, QIND: Transitioned to a three-member Board and reduced management level costs; Settlement of legacy compensation obligations and exit arrangements with former management; Reduced accounts payable by 45%; Wrote off assets deemed non-recoverable of approximately $3.5 million; and Reduced balances under convertible notes by 13%. 2026 Outlook For fiscal year 2026, QIND expects: 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; Further deleveraging efforts, including the servicing or restructuring of outstanding debt obligations; and Revenue growth targeting approximately $20 million, subject to market conditions and the absence of prolonged disruptions in the UAE and Persian Gulf region. “Fiscal year 2025 was a sig...

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