Global Hydrogen (WAR:GHY) Operating Income: zł-0.40 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:GHY Global Hydrogen SA WAR:GHY
40 GF Score
Price zł2.00
! 2 Warning Signs
View Full Analysis

What is Global Hydrogen Operating Income?

Global Hydrogen WAR:GHY 40 Operating Income is zł-0.40 Mil as of Jun. 2026. GuruFocus rates WAR:GHY with a GF Score™ of 40/100. The stock has 2 warning signs investors should review.

Global Hydrogen's Operating Income for the three months ended in Jun. 2026 was zł-0.23 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was zł-0.40 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Global Hydrogen's Operating Income for the three months ended in Jun. 2026 was zł-0.23 Mil. Global Hydrogen's Revenue for the three months ended in Jun. 2026 was zł0.00 Mil. Therefore, Global Hydrogen's Operating Margin % for the quarter that ended in Jun. 2026 was %.

Global Hydrogen's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Hydrogen's annualized ROC % for the quarter that ended in Jun. 2026 was -8.40%. Global Hydrogen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -1,301.41%.

Global Hydrogen  (WAR:GHY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Global Hydrogen's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-0.928 * ( 1 - 0% )/( (10.474 + 11.609)/ 2 )
=-0.928/11.0415
=-8.40 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10.56 - 2.423 - ( 0.002 - max(0, 2.628 - 0.291+0.002))
=10.474

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10.58 - 2.071 - ( 0.144 - max(0, 3.534 - 0.434+0.144))
=11.609

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Global Hydrogen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.924/( ( (0.136 + max(-2.505, 0)) + (0.006 + max(-3.118, 0)) )/ 2 )
=-0.924/( ( 0.136 + 0.006 )/ 2 )
=-0.924/0.071
=-1,301.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.063 + 0 + 0.06) - (2.423 + 0 + 0.205)
=-2.505

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.063 + 0 + 0.102) - (2.071 + 0 + 1.212)
=-3.118

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Global Hydrogen's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-0.232/0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Global Hydrogen Operating Income Related Terms

Global Hydrogen Operating Income Historical Data

* Premium members only.

The historical data trend for Global Hydrogen's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Global Hydrogen Operating Income Chart

Global Hydrogen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 -0.65 -0.11 -1.29 -0.39

Global Hydrogen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.09 -0.13 -0.15 -0.02 -0.23
WAR:GHY
40GF Score
Global Hydrogen SA WAR:GHY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Hydrogen Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.40 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of zł-0.40 Mil mean?
Global Hydrogen (WAR:GHY) has a Operating Income of zł-0.40 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Global Hydrogen and its competitors.
Is Global Hydrogen's Operating Income too high?
Global Hydrogen's current Operating Income is zł-0.40 Mil. Overall, Global Hydrogen has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Global Hydrogen's Operating Income compare to BF.B?
Global Hydrogen's Operating Income of zł-0.40 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Beverages - Alcoholic company?
A good Operating Income depends on the Beverages - Alcoholic industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Global Hydrogen and its competitors. Global Hydrogen's current Operating Income is zł-0.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Hydrogen stock overvalued right now?
Global Hydrogen (WAR:GHY) has a current Operating Income of zł-0.40 Mil. The current Operating Income is zł-0.40 Mil. Global Hydrogen's overall GF Score™ is 40/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Global Hydrogen (WAR:GHY), the current Operating Income is zł-0.40 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Global Hydrogen Business Description

Address Aleje Jerozolimskie 65/79, Warsaw, POL, 00-697
Global Hydrogen SA is engaged in the manufacturing of Georgian wines. The company offers a wide range of red and white wines. Its products include Old Georgia, Storks and Teliani Valley.
40GF Score

Get the complete analysis for WAR:GHY

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł2.00
Price