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Fusion Fuel subsidiary QIND returns to profit in Q1, posts net income of $0.1 million

PUBT·05/15/2026 14:03:39
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Fusion Fuel subsidiary QIND returns to profit in Q1, posts net income of $0.1 million
  • Fusion Fuel highlighted first-quarter 2026 results for majority-owned Quality Industrial, which returned to profitability as operating expenses fell 56.6% to USD 0.8 million.
  • Quality Industrial posted net income of USD 0.1 million versus net loss of USD 1.3 million year-over-year, with operating income of USD 0.18 million versus operating loss of USD 0.95 million.
  • Revenue rose 1.4% to USD 3.67 million, driven by higher revenue at 51%-owned Al Shola Gas; gross profit increased to USD 1 million from USD 0.96 million.
  • Al Shola Gas won 16 LPG engineering subcontracts after quarter-end with expected aggregate value of about USD 1.14 million.
  • Proposed merger of Quality Industrial into Fusion Fuel or a new subsidiary remains subject to shareholder vote, Nasdaq listing application; company flagged risk that combined group would not meet all Nasdaq listing requirements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fusion Fuel Green plc published the original content used to generate this news brief on May 15, 2026, and is solely responsible for the information contained therein.