Fusion Fuel Green PLC
HTOO Utilities Utilities Renewable
Fusion Fuel Green PLC’s revenue for fiscal 2025 (year ended December 2025) was $16.3 million, up 839.0% from fiscal 2024.
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Fusion Fuel Green PLC (HTOO) Altman Z-score
Fusion Fuel Green PLC's Altman Z-score for fiscal 2025 is −9.68, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −9.68 | 3.92 |
| FY2024 | −13.60 | (3.42) |
| FY2023 | −10.18 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.16) | — | −0.19 | |
| Retained earnings / total assets | (6.65) | — | −9.32 | |
| EBIT / total assets | (0.22) | — | −0.72 | |
| Market value of equity / total liabilities | 0.25 | — | 0.15 | |
| Sales / total assets | 0.40 | — | 0.40 | |
| Altman Z-score | Distress zone | −9.68 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −22.83 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BESS Bimergen Energy Corporation compare | 1,023× |
| WAVE Eco Wave Power Global AB (publ) Unsponsored ADR compare | 3.8× |
| PBK PowerBank Corporation compare | −0.6× |
| SAFX XCF Global Capital, Inc. compare | −1.1× |
| AGIG Abundia Global Impact Group, Inc. compare | −2.0× |
| STEM Stem, Inc. compare | −6.7× |
| HTOO Fusion Fuel Green PLC | −9.7× |
| NXXT NextNRG Inc. compare | −35.4× |
| VGAS Verde Clean Fuels, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets