Regulatory

ReFuels Q4 2026: Energy security drives Bio-CNG demand – CNG Fuels guides FY2027 adjusted EBITDA of GBP 16-20 million

29 May 2026: ReFuels N.V. (ticker: REFL) ("ReFuels"), one of Europe's leading suppliers of renewable biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles, today releases its interim report for the fourth quarter and full-year fiscal 2026.

Highlights:

* CNG Fuels’ FY 2026 EBITDA of GBP 14.2 million, in line with guidance and more than a doubling compared to FY 2025
* Bio-CNG gains momentum as a domestic, low-carbon and low-cost fuel for UK fleet operators
* FY2027 adj. EBITDA guidance of GBP 16–20 million supported by growing volumes and attractive certificate margins
* Agreement with M&S to provide mobile refuelling capacity for more than 300 Bio-CNG trucks
* Construction of 18th high-capacity station – targeting network capacity for ~20,000 HGVs by end-2028
* The Strait of Hormuz closure is driving record trial activity and customers bringing forward truck orders
* Investigating uplisting to Euronext Oslo Børs in calendar 2H 2026 to increase share liquidity and investor access

Philip Fjeld, CEO and co-founder of ReFuels, said:

“The Strait of Hormuz closure has reinforced the importance of energy security for Europe’s transport sector. For fleet operators, the transition away from diesel is no longer driven only by cost and decarbonisation targets, but increasingly also by the need for locally sourced fuel and resilient value chains. Biomethane addresses all three challenges today, and we continue to expand the station network to serve this demand. CNG Fuels delivered GBP 14.2 million in EBITDA for the 2026 financial year, in line with our expectations. The strong momentum in Bio-CNG adoption, combined with forward sales of certificates at attractive prices, supports our 2027 adjusted EBITDA guidance of GBP 16–20 million.”

The fourth quarter and full-year 2026 interim report and presentation are attached and available at: https://refuels.com/investor-relations/

ReFuels will present its third-quarter 2026 results today at 10:00 CEST. The webcast will be hosted by CEO Philip Fjeld and CFO Baden Gowrie-Smith. Please join the presentation via the following link: https://teams.microsoft.com/meet/373738359744687?p=a38GE1mOzC4GRZFvzS

For further information, please contact:
Philip Fjeld, CEO ReFuels N.V.
Tel: +44 7976 159 833
Email: Philip.Fjeld@refuels.com

Baden Gowrie-Smith, MD & CFO, ReFuels N.V.
Tel: +44 7768 007 009
Email: baden.gowrie-smith@refuels.com

About ReFuels
ReFuels is decarbonising Europe's truck fleet through its 40% ownership of CNG Fuels – a fully integrated clean fuel infrastructure platform combining sourcing of renewable biomethane (Bio-CNG), Renewable Transport Fuel Certificates (RTFCs), and ownership and operation of the UK's largest clean fuel station network. By the end of 2028, the target is to reach capacity to serve 20,000 heavy goods vehicles per day, with the long-term ambition to become Europe's leading integrated supplier of alternative fuels for commercial fleets. For further information, please visit www.refuels.com.

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-29 06:30 CEST.

Attachments
ReFuels Q4 2026 Report
ReFuels Q4 2026 Presentation Final

ReFuels Q4 2026 Report
ReFuels Q4 2026 Presentation Final
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