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H2-View News: Cavendish Hydrogen tightens losses but warns of lower revenues ahead

Summary by H2 Energy Group
The Nel spin-off logged revenues of €5.6m ($6.5m), up from €3.7m ($4.3m) in Q1 but down on the same period in 2024. It reported losses before interest and taxes of €4.6m ($5.4m), up 35% from last quarter. Despite the loss narrowing, the firm’s cash position was reduced from €34.5m ($40.2m) in Q1 to €28.7m ($33.4m),
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H2 Energy GroupH2 Energy Group

H2-View News: Cavendish Hydrogen tightens losses but warns of lower revenues ahead

The Nel spin-off logged revenues of €5.6m ($6.5m), up from €3.7m ($4.3m) in Q1 but down on the same period in 2024. It reported losses before interest and taxes of €4.6m ($5.4m), up 35% from last quarter. Despite the loss narrowing, the firm’s cash position was reduced from €34.5m ($40.2m) in Q1 to €28.7m ($33.4m),

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H2 Energy Group broke the news in on Thursday, August 28, 2025.
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