AFC Energy Plc (AFC.L), a provider of hydrogen energy solutions, Tuesday reported a loss before tax of 9.46 million pounds for the first half, wider than 8.02 million pounds loss in the same period a year ago.
Separately, AFC Energy today said its Chief Executive Officer Adam Bond has decided to step down form the post. Gary Bullard, non-executive Chairman will become executive Chairman until a replacement to CEO is found, the company said in a statement.
Operating loss was 9.55 million pounds, higher than 8.16 million pounds in the prior year.
Net loss increased to 8.32 million pounds or 1.11p per share from loss of 6.25 million pounds or 0.85p per share last year.
Revenue, however, increased to 408,000 pounds from 201,000 pounds in the previous year.
Looking ahead, the company said it sees continued revenue growth in the second half through further sales to Speedy Hydrogen Solutions (SHS). The company had received first order from SHS, for 2.0 million ponds. First sales to SHS were of 0.4 million pounds.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.