Annual Report

The report describes H2APEX's 2025 strategic shift toward developing, building and operating its own green hydrogen plants, while advancing the Lubmin and storage activities. It reports consolidated revenues of EUR 9,965 thousand and highlights the strategic partnership with Copenhagen Infrastructure Partners, including the transfer of a 70% stake in GHS 2. The report also records 153 full-time-equivalent employees at year-end. Sustainability disclosures in this volume are limited and direct readers to a separately published VSME Sustainability Report covering 2025.