The company's EBITDA loss expanded to EUR 14.8 million from EUR 13.3 million a year earlier, while adjusted EBITDA came in at a negative EUR 14.4 million, compared with a loss of EUR 12.3 million in the first half of 2025. H2APEX attributed the results mainly to higher hydrogen trading costs, staff expenses related to a project management contract (PMC) and increased other operating expenses.Overall, this reflects the ongoing ramp-up of business activities and the changing revenue mix, H2APEX said. Last year, the company shifted its strategy towards in-house project development and expanding its own hydrogen production capacities.As for the revenue surge, the Project Development & Energy/Asset Management segment more than quadrupled to EUR 3.2 million from EUR 0.7 million. The business includes project development and the production and sale of green hydrogen. The Services business generated EUR 3.6 million in revenue, almost unchanged from EUR 3.5 million a year earlier, while the new Storage & Transportation segment, which was introduced in January, contributed EUR 300,000.Power your inbox with Renewables Now's 4 free newsletters. Browse and subscribe for free.The revenue increase was supported by a project management consultancy contract for the 100-MW first phase of the WAL - Hydrogen from Lubmin project, being developed with Copenhagen Infrastructure Partners (CIP).Meanwhile, in May, H2APEX subsidiary AKROS Energy generated its first revenue from its container-based technology for hydrogen storage in salt, shortly after a pilot plant in Laage started operations.H2APEX supplied 45 tonnes of green hydrogen from its own facilities during the period, up from 39 tonnes a year earlier.The company confirmed its 2026 revenue guidance of between EUR 14 million and EUR 16 million, noting the expected figures are already largely secured under contracts.(EUR 1 = USD 1.159)