Post by Actusnews Wire

HYDROGEN REFUELING SOLUTIONS (HRS) : ADJUSTMENT OF ANNUAL TARGETS AND CASH POSITION UPDATE // ENTERING INTO EXCLUSIVE NEGOTIATIONS FOR THE SALE-LEASE-BACK OF THE INDUSTRIAL SITE WITH A EUROPEAN DATA CENTER PLAYER // ACCELERATION OF THE DIVERSIFICATION STRATEGY: Grenoble, July 6, 2026 - HRS, French designer and manufacturer, European leader in hydrogen refueling stations, is moving forward with the implementation of its strategic roadmap to support the development of next-generation hydrogen and energy infrastructure. However, in light of the slowdown in the hydrogen mobility market, HRS is adjusting its annual targets and accelerating its diversification strategy and the measures it has put in place to strengthen its financial position. HRS notes longer deployment timeframes for several hydrogen station projects with certain clients, notably due to administrative or financial constraints when project progress remains dependent on the payment of grants. These delays affect both the timing of revenue recognition and the pace of invoicing, without calling into question the contracts in question. HRS was only able to recognise a portion of the €7.7 million initially forecast for hydrogen refueling stations currently under manufacture in the second half of the year. The balance will remain on the order book as at 30 June 2026 and will be recognised as the projects concerned progress. Taking these factors into account, HRS now expects revenue for 2025–2026 to be between €12 million and €14 million (compared with between €15 million and €20 million previously). Annual recurring EBITDA is expected to improve compared with the 2024–2025 financial year thanks to the acceleration of the extensive Apollo cost-saving plan, notably through workforce adjustments (85 employees as at 30 June 2026 compared with 137 as at 30 June 2025), the optimization of overheads and improved operational efficiency. Changes in the market, as well as longer decision-making cycles and payment terms for certain customers, are also affecting HRS's cash position. Consequently, the €4.2 million in receivables recorded at the end of the first half of 2025–2026, including €2.3 million in trade receivables, has still not been collected, despite the numerous steps taken to speed up recovery. As at 30 June 2026, nearly €6 million in receivables will remain outstanding. Based on its current cash position and the gradual reduction in its cash burn rate thanks to the effects of the cost-saving plan, HRS estimates that it has a cash horizon until September 2026. To rapidly extend its cash flow horizon, HRS has undertaken several strategic measures, including the sale and leaseback of its head office – for which a letter of intent (LOI) has been signed – and the securing of bank financing, which is currently being finalised. Entering into exclusive negotiations for the sale and leaseback of HRS's headquarters, with negotiations…