ASX Hydrogen stocks to buy now

Pure Hydrogen, Gold Hydrogen and HyTerra all focus on different sides of hydrogen industry because each of them has its own plan from clean transport ideas to exploring natural hydrogen and helium and together they stand out as companies that could shape the path for cheaper and more sustainable energy in future.

Best ASX Hydrogen stocks

Pure Hydrogen Corporation Limited (ASX: PH2) 

Gold Hydrogen Limited (ASX: GHY) 

HyTerra Limited (ASX: HYT) 

Pure Hydrogen Corporation Limited (ASX: PH2) 

soon to be called Pure One Corporation, is working on a broad clean energy portfolio. This includes hydrogen fuel cell and battery electric trucks, small scale hydrogen plants and also the infra needed to support them. In FY25 the revenue rose 155% to A$4.6 million. But the company still posted a net loss of A$16.6 million after a one time impairment. Cash was at A$2.1 million with zero debt. It also had A$6.3 million in investments and A$7.7 million in receivables. On the operations side the company is moving ahead with vehicle deliveries to clients like JJ Richards, Heidelberg Materials and Barwon Water. It also landed big deals abroad like a US$28 million hydrogen equipment supply contract with Mexico’s GreenH2 LATAM. The order book covers both local and overseas markets, with top tier distributors in US and also partners in Vietnam. Going ahead the company wants to spin out its Australian gas business, grow worldwide with more fleet sales and supply contracts while also taking benefit of government clean energy support worth A$22.7 billion in the next 10 years. 

Gold Hydrogen Limited (ASX: GHY) 

is aiming to become Australia’s top explorer of natural hydrogen and helium. Its main project is the Ramsay Project in South Australia which covers more than 75,000km² of land. In FY25, the company got a big boost when Toyota Motor Corporation, Mitsubishi Gas Chemical and ENEOS Xplora invested A$14.5 million at a 22% premium to market price. This helped fund the upcoming drilling program and also set up long term partnerships in the hydrogen and helium supply chain. On the financial side, GHY reported a net loss of A$2.2 million compared to A$1.9 million loss in FY24 but its liquidity improved because of a A$6.5 million R&D tax refund which left the company well funded for 2025–26 appraisal plans. On operations, Stage 2 testing at Ramsay-1 and Ramsay-2 wells was successful and showed rising concentrations of natural hydrogen and helium. Rare helium-3 was also detected, with purity levels among the highest recorded globally. The company is planning bigger well bores and more seismic surveys in its 2025 drilling campaign to refine resource numbers. It is also looking at downstream options like green methanol. 

HyTerra Limited (ASX: HYT) 

is one of the first few companies on ASX that is fully focused on finding natural “white” hydrogen and helium. Its main project is the Nemaha Project in Kansas USA, which is placed close to big industrial hubs. In 1H FY25 the company moved forward with its multi well program. Drilling at Sue Duroche 3 was a success as it confirmed hydrogen levels above 96% and helium upto 5%. On the financial side HyTerra had a net loss of A$1.77 million compared to A$1.17 million in same period last year. Cash at June end stood at A$11.3m down from A$20.4 million just six months before and Net assets were at A$35.4 million. Outside Kansas, HyTerra is also pushing Project Geneva in Nebraska with its partner Natural Hydrogen Energy. Tests there showed gas samples with up to 44% hydrogen and 12.8% helium. Going forward the company plans to speed up appraisal and flow testing at Nemaha.

(Source: Company Announcements)