Powerhouse Energy Group (LON: PHE), the AIM-listed developer of waste-to-hydrogen technology, published unaudited results for the six months to the 30th of June 2026 earlier today.
Group revenue slipped to £437,055 from £474,879 a year earlier, but the operating loss narrowed sharply to £904,316 from £1,833,233.
The shares closed Friday at 0.195p, near the bottom of a 52-week range that runs from about 0.18p to 0.68p. No confirmed same-day price reaction is available, as the announcement was released before markets opened this morning.
For the first time, £379,100 of that revenue was recognised directly by Powerhouse itself, rather than solely through its engineering subsidiary Engsolve. The update also confirmed that chief executive Paul Emmitt stood down at the 3 September annual general meeting, having said on the 29th of June he would not stand for re-election. Interim executive chairman David Hitchcock is now running the company while a search for a permanent successor continues; Emmitt has stayed on as a technical consultant to Engsolve.
Cash at bank stood at £1,415,252, up from £703,691 at the end of 2025 and little changed from £1,470,111 a year earlier, helped by £1.3m raised through two fundraises during the period. Powerhouse continues to rely on external project finance rather than its own balance sheet for its flagship Ballymena waste-to-hydrogen plant in Northern Ireland, where the site has been secured and planning permission submitted but not yet decided. The narrower loss and the first parent-level revenue mark operational progress, but the company’s investment case still rests on projects yet to reach a final investment decision rather than on current trading.
Hitchcock thanked the outgoing chief executive in the results statement.
I would also like to take this opportunity to thank Paul Emmitt who stood down as CEO at our recent AGM. He has left the Company in a strong position and we are very pleased to report that he has agreed to provide consultancy services to PHE, at the same time as we search for and then transition to a new CEO.
David Hitchcock, Interim Executive Chairman, Powerhouse Energy Group
Hitchcock said the second half of 2026 would be pivotal, with Ballymena moving closer to a final investment decision and a new five-year licensing framework covering Australia, Italy, Switzerland and Hong Kong progressing through key milestones. Those unbuilt projects, alongside the outcome of the CEO search, remain the factors that will determine whether today’s narrower loss translates into a change in the shares’ direction.