Clean Power Hydrogen plc AIM:CPH2
- Incorporated
- United Kingdom
- Chief executive
- Jonathan (Jon) Duffy
- Employees
- 54
- Reports in
- GBP
- Companies House
- 13574281
Read straight from the annual reports
1.4p at close on 5 Oct 2026 · 6 reported years, 2020–2025
| Line | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | ||||
| Gross profit | — | — | — | ||||
| Operating profit | |||||||
| Exceptional items | — | — | |||||
| Net finance cost | |||||||
| Profit before tax | |||||||
| Tax charge | |||||||
| Profit for the year | |||||||
| EBITDA | |||||||
| Basic EPS | — | ||||||
| Diluted EPS | — | ||||||
| Dividend per share | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
3 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Equipment sales of electrolysers
Revenue comprises income from the sale of equipment for clean hydrogen and oxygen production and related licensing
page 47Technology licensing to manufacturing partners
Licence fee is recognised in full at the point when the IP right to use is separable from any other performance obligations to the customer; licensing arrangements signed with Hidrigin (Ireland, 20-year 2GW licence) and Bentec (2GW licence across Europe/Central Asia/Middle East)
page 47Higher staff and staff-related costs from commercialisation activity
Administrative expenses increased to £6.5m (2024: £5.7m) reflecting higher staff costs (up £0.5m year-on-year), professional fees and travel
page 10Tight cost control over non-essential overheads
All overheads continued to be tightly controlled during the year; lower equipment hire and depreciation partly offset higher staff costs
page 10The hydrogen market continues to grow globally; the IEA forecasts low emission hydrogen production will grow six-fold from its 2024 level by 2030.
page 4On 28 May 2026 an incident occurred during Factory Acceptance Testing of the MFE220 electrolyser: a hydrogen-oxygen mixture ignited during an automated depressurisation, causing loss of containment and structural damage; no personnel injured; treated as a non-adjusting event. Consequential effects include scrapping the damaged unit, settlement of a customer sales contract, a strategic pivot to licensing/manufacturing partnerships, and a potential insurance claim (uncertain outcome).
page 60The Directors do not recommend the payment of a dividend in respect of the current period (2024: £nil).
page 33The financial statements are prepared on a going concern basis, but the auditor (PKF Littlejohn LLP, unmodified opinion) drew attention to a material uncertainty related to going concern because completion of the second tranche of a proposed fundraise (up to £7.5m, subject to shareholder approval) is not wholly within the Group's control. The Directors nonetheless consider there is a reasonable basis to expect the fundraising to complete and prepared the accounts on a going concern basis covering the period to 30 June 2027. Key audit matters: recoverability of investments and intragroup balances (Parent Company) and capitalisation/valuation of development cost intangibles (Group).
page 34- Technology risk: the Group's business is dependent on the MFE technology working safely, reliably and in accordance with regulations, evidenced by the May 2026 MFE220 containment-loss incident during FAT3 testingp.12
- Intellectual property risk: success depends on the ability to protect patents (16 granted, 17 pending) and know-how, including via contractual provisions with employees, suppliers, contractors and licenseesp.12
- Market adoption and commercialisation risk: dependent on converting commercial interest into contracted agreements amid continued market demand for hydrogenp.13
- Product development risk: long-term financial sustainability depends on developing commercially attractive MFE technology that generates good customer returnsp.13
Read from C000293-AR-2025-ch.
5 annual reports read, FY2021 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (4), Company website (1)
FY2026Next report expected 7 May 2027