Fusion Fuel Green PLC - Q1 2026 Financial Results and Business Update

Fusion Fuel Green PLC announced selected financial results for its subsidiary, Quality Industrial Corp. (QIND), for the first quarter ended March 31, 2026. QIND reported revenue of $3.67 million, a 1.4% increase year-over-year. Gross profit rose by 4.7% to $1.0 million. Notably, total operating expenses decreased by approximately 56.6% to $0.8 million, leading to an operating income of $0.18 million, a significant improvement from a loss of $(0.95) million in the prior year period. Net income for the quarter was $0.1 million, compared to a net loss of $(1.3) million in Q1 2025. Post-quarter, QIND's subsidiary, Al Shola Gas, was awarded 16 new engineering subcontracts with an expected value of approximately $1.14 million. The company also provided an update on the potential merger with QIND, noting that the combined entity may not currently meet Nasdaq listing requirements, and alternative transactions are being explored.