HRS Reports Positive Growth Amid Hydrogen Market Challenges

HRS, a French leader in hydrogen refueling technology, recently announced its half-year results for 2025-2026, showing a record revenue of €8.6 million, a 16% increase from the previous year. The company's gross margin improved considerably to 37.7%, up from 15.0% in the first half of 2024-2025, thanks to cost-effective strategies like stock component reusability.

The Apollo Plan significantly reduced fixed costs by €6 million annually, contributing to a decreased recurring EBITDA loss of €2.4 million. The net income, however, was negatively affected by non-recurring items totaling €15 million, with no cash impact.

In the maintenance sector, the company reported a 33% growth in revenue. HRS maintains a strong strategic position in high-intensity mobility and data center backup solutions. Its future growth will focus on international expansion and developing hydrogen-powered electricity solutions to meet growing global energy demands.