REG - Hydrogen Utopia Intl - Ohrid Organics Trading Update

Hydrogen Utopia InternationalAnnouncement

10/06/2025 07:00

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RNS Number : 0965M  Hydrogen Utopia International PLC  10 June 2025

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10 June 2025

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

 

Ohrid Organics Trading Update

 

Hydrogen Utopia International PLC, a company specialising in turning
non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels,
new materials or distributed renewable heat, is pleased to announce that Ohrid
Organics has published an update on its website.

The update is reproduced verbatim below.

HUI has exercised but not yet completed its option to acquire 49% of Ohrid
Organics Ltd., the holding company of Ohrid Organics DOO.

Ohrid Organics Trading Update

Ohrid Organics Ltd, the holding company, based in London is pleased to
announce that its wholly owned subsidiary, Ohrid Organics DOO based in North
Macedonia, has entered into a significant sales agreement with a licensed
medicinal cannabis company in North Macedonia. The agreement provides for the
supply of up to €4.5 million in GACP-compliant cannabis products over the
next 12 months. This contract establishes a stable revenue foundation for the
company's North Macedonian operations and is expected to deliver meaningful
profitability, supporting reinvestment into strategic infrastructure
expansion.

Proceeds from the agreement will directly contribute to the development of a
significantly enlarged post-harvest facility, a key enabler in Ohrid Organic's
broader growth trajectory. This facility will support a phased increase in
cultivation capacity, scaling from the current 6 x 500m² greenhouses to the
full licensed footprint of 37 x 500m² greenhouses.

Concurrently, the company is actively advancing toward GMP certification, with
accreditation anticipated within the current calendar year. GMP status will
further strengthen Ohrid Organics' regulatory positioning and unlock broader
international market access.

On the operational front, the cultivation division continues to deliver robust
improvements across core performance indicators. The company has exceeded its
yield target of 150 kilograms per harvest, achieving over 160 kilograms in
recent cycles. Additionally, two recent harvests recorded THC levels of 23.5%
and 24.5%, well above the 22% target, reflecting ongoing optimisation of both
genetics and cultivation processes. These results validate the commercial
strength of the company's high-potency strains.

While 2024 presented a number of challenges, it also provided valuable
learnings that have informed and strengthened our cultivation approach.
Through careful refinement and continuous improvement, we have successfully
introduced a high-performing base cultivar that is now delivering consistent
yields exceeding 150 kilograms per harvest, with THC levels above 23.5%. The
facility currently operates on a 20-day harvest cycle, and we are continuing
to explore opportunities to enhance efficiency within the scope of the
existing post-harvest infrastructure.

Completion of the expanded post-harvest facility is expected to significantly
increase production throughput, operational efficiency, and bottom-line
performance, positioning Ohrid Organics for sustained long-term growth and
enhanced shareholder value.

Aleksandra Binkowska, Chief Executive Officer of HUI, commented: "The raison
d'etre of HUI's option to acquire 49% of Ohrid Organics Ltd was to provide a
significant source of revenue to enable the roll out of waste to hydrogen
plants across multiple geographies. June to date has witnessed  both HUI
signing heads of terms in respect of InEnTec licences in MENA and Ohrid
Organics' positive trading update.  These developments mark a pivotal step
forward in delivering HUI's long-term growth ambitions."

Howard White, Non-Executive Chairman of HUI and shareholder and director of
Ohrid Organics Ltd, commented:" I am thrilled to share that Ohrid Organics
achieved results beyond expectations, and at a moment when the market is
finally turning in our favour. With this momentum, we eagerly look ahead to
the upcoming expansion of the facility, later this year and into next,
positioning Ohrid Organics to maximise its output and drive substantial
long-term value for Ohrid Organics shareholders."

 

For further information, please contact:

 

Hydrogen Utopia International PLC

Aleksandra Binkowska

+44 20 3811 8770

 

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink

+44 20 8064 4056

 
 
 

Novum Securities Limited (Broker)
 

Jon Belliss/Colin
Rowbury

+44 20 7399 9400

 

About Hydrogen Utopia International PLC

 

HUI aims to become one of the leading new European companies specialising in
converting non-recyclable mixed waste plastic into hydrogen and other
carbon-free fuels, new materials or distributed renewable heat.

A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns
it into syngas from which new products and energy can be produced. HUI
anticipates that its revenues will be derived from a variety of sources,
dependent upon location and configuration of the HUI facilities, including the
sale of syngas, hydrogen and other gases, electricity and heat sales, and the
payment to it of fees for a given quantity of non-recyclable mixed waste
plastic received at a HUI facility.

HUI will target areas where there is significant private sector interest or
potential, financial backing is accessible and or where substantial EU and/or
government funded sources of grants and loans are or may be available. The
global increase in fossil fuel-based energy prices reinforces the need for
alternative, price competitive energy sources, which HUI's business model can
provide.

 

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