HYDROGEN CAPITAL GROWTH PLC

• ⚠

  Material uncertainty over going concern

  The directors have prepared the parent and consolidated financial statements on the going concern basis as they do not intend to liquidate the group or the company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are material uncertainties relating to going concern over the next twelve months from the date of approval of the parent and consolidated financial statements (the "going concern period")

1. HYDROGEN CAPITAL GROWTH PLC 2025-07-30 → present
2. HYDROGENONE CAPITAL GROWTH PLC 2021-04-16 → 2025-07-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

KPMG Channel Islands Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared the parent and consolidated financial statements on the going concern basis as they do not intend to liquidate the group or the company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are material uncertainties relating to going concern over the next twelve months from the date of approval of the parent and consolidated financial statements (the "going concern period")”

Group structure

1. HYDROGEN CAPITAL GROWTH PLC · parent
   1. HydrogenOne Capital Growth (GP) Limited 100% · United Kingdom · General partner of HydrogenOne Capital Growth Investments (LP)
   2. HydrogenOne Capital Growth Investments (IA) GP LLP 100% · United Kingdom · General partner of HydrogenOne Capital Growth Investments (IA) LP

Significant events

• “Sunfire announces a successful equity funding round, part of a wider funding package totalling more than €500 million.”
• “NanoSUN restructuring to Swift Hydrogen.”
• “Elcogen receives a major investment from Baker Hughes marking the close of a €140 million funding round, underpinning the construction of a new solid oxide plant in Estonia.”
• “HiIRoC receives a strategic investment to accelerate its expansion into the US.”
• “Strohm completes a €30 million funding round, led by new and existing investors.”
• “Sale of Gen2 Energy AS for c.£3 million.”
• “Sunfire wins a major contract for a 100MW electrolyser at RWE’s industrial-scale hydrogen site in Lingen.”
• “Strohm awarded the largest ever commercial award for pipe supply with TotalEnergies, marking an entry into the ultra-deepwater and high CO2 markets for the first time.”
• “Sunfire awarded a contract for 50MW electrolyser in Finland.”
• “Elcogen awarded for €24.9 million grant from EU Innovation Fund.”
• “HiIRoC and Cemex Ventures announced launch of low carbon hydrogen deployment at industrial scale.”
• “HH2E and Thierbach SPV self-administration announced.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -38.8%

  £4,626,000 → £2,833,000

• Net assets

  -12.2%

  £132,670,000 → £116,439,000

• Employees

  0%

  4 → 4

• Operating profit

  +14.9%

  -£1,328,000 → -£1,130,000

• Profit before tax

  +14.9%

  -£1,328,000 → -£1,130,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers