McPhy Energy, based in Foussemagne, France, released its unaudited 2024 revenue, which totaled €13.1 million but was impacted by termination compensation, leading to a restated revenue of €17.1 million. The electrolyzer business saw positive growth of +15% to €15.8 million, accounting for 99% of the restated total revenue. The company's order intake doubled to €28.1 million in 2024, with a significant backlog of €29.8 million as of December 31, 2024. Despite the revenue decline compared to 2023, McPhy secured several large-scale projects, including collaborations with Plansee Group, AAK, ArcelorMittal, VEO, Hype, and the CEOG project. The company's cash position was approximately €39 million as of December 31, 2024, with ongoing research for strategic solutions to maintain financial stability. McPhy also provided updates on its cash horizon for 2025, considering various factors like project execution lead times, public aid, and the remaining cash payment from the sale of the refueling station business. The company remains optimistic about its future prospects in the electrolyzer technology and green hydrogen sector.