HUI

Hydrogen Utopia International PLC

Energy First-pass screen £12m

290/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 35

Valuation 25% 30

Downside protection 15% 25

First-pass take

Pre-revenue hydrogen-to-waste developer with exclusive 10-year MENA license and government backing, but material going-concern risk dependent on £883k Ohrid loan repayment. Loss-making (£722k 2025), no AI exposure. All partnerships are non-binding MOUs; valuation not disclosed.

Flags

loss-makingpre-revenuegoing-concernnet-debtno-valuation-dataspeculative-partnershipsconcentration-riskexecution-risk