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ReFuels Q4 2025

First profitable quarter on continued Bio-CNG adoption and increased certificates prices – new structure established to drive grow.

Report  Presentation  Webcast

Why invest?

Leading clean fuel platform

ReFuels owns 40% of CNG Fuels, the owner and operator of UK’s largest station network for renewable biomethane (Bio-CNG), a clean, cost-competitive fuel for heavy goods vehicles (HGVs).

Fully equity-funded, infrastructure-backed growth

Scalable economics as the truck fleet grows and positioned to double capacity to 20,000 HGVs by end-2028 .

Expanding market leadership

Currently fuelling 10% of the UK 4×2 truck fleet, while the transition to new CNG-fuelled 6×2 class opens a 6x larger market.

Unlocking value from certificates

Fully integrated across the value chain, including sourcing of biomethane and revenue generation from market-based clean fuel certificates (RTFCs).

Strong foundation for value creation

CNG Fuels is EBITDA positive and has the potential to reach annualised EBITDA of GBP >100 million by end-2030¹

1. Assuming ~25% growth p.a. in # of trucks and constant RTFC prices of 26 pence.

Trading in ReFuels’ shares

Our shares are available on several trading platforms, including:

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Benefits of ReFuels

  • Meet your green ambitions
  • Long term sustainability
  • Reduced noise pollution
  • Save money
  • Fast refuelling time
  • Safety first
  • Benefit from government accreditation

 

Investor resources

Investor presentation March 2025

Investor presentation March 2025

Corporate governance

Audit Committee Rules Bilateral Contacts Policy Board Rules Code of Conduct Investor Relations Policy Remuneration & Nomination Committee Rules Remuneration Policy Whistleblower Policy

Report Archive

Research reports

Longspur Clean Energy 3865420Z ReFuels - September Station Data (1)[30]
Download
Longspur ReFuels - Hit The Gas - Decarbonising Trucking
Download
Longspur- Station Consolidation Update
Download
Longspur Capital- Station consolidation research
Download
Longspur Research- TRANSACTION UNLOCKS GROWTH- 240325
Download

Financial Calendar

Stock Chart

Stock Table

Volume

Shareholders

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For investor related inquiries, please contact Baden Gowrie-Smith:

baden.gowrie-smith@cngfuels.com

Our clients

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john lewis@4x
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M&S@4x
lidl@2x
dhl@2x
ao@2x
amazon@2x
aldi@4x
warburtons@4x
waitrose@4x
john lewis@4x
tesco@4x
homebargains@4x
morrisons@4x
M&S@4x
lidl@2x
dhl@2x
ao@2x
amazon@2x
aldi@4x
warburtons@4x
waitrose@4x
john lewis@4x
tesco@4x
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M&S@4x
lidl@2x
dhl@2x
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amazon@2x
aldi@4x
warburtons@4x
waitrose@4x
john lewis@4x
tesco@4x
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M&S@4x
lidl@2x
dhl@2x
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amazon@2x
aldi@4x
warburtons@4x
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john lewis@4x
tesco@4x
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morrisons@4x
M&S@4x
lidl@2x
dhl@2x
ao@2x
amazon@2x
aldi@4x
warburtons@4x
waitrose@4x
john lewis@4x
tesco@4x
homebargains@4x
morrisons@4x
M&S@4x
lidl@2x
dhl@2x
ao@2x
amazon@2x
aldi@4x
warburtons@4x
waitrose@4x
john lewis@4x
tesco@4x
homebargains@4x
morrisons@4x
M&S@4x
lidl@2x
dhl@2x
ao@2x
amazon@2x
aldi@4x
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john lewis@4x
tesco@4x
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M&S@4x
ReFuels-Quote-2.2

“Businesses play a critical role in our ability as a nation to reach net zero ambitions. By becoming more aware of their impact on the environment and the communities in which they operate, business leaders can strive to reduce their environmental impact, and help to combat world climate change.”

Philip Eystein Fjeld - CEO ReFuels

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Dedicated to decarbonising Europe’s commercial transport fleet.

CNG Fuels was founded in 2014 and operates the UK’s largest CNG refuelling network, while RTFS was founded in 2017 and is Europe’s largest supplier of unsupported biomethane to the transport sector. We’re proud to deliver biofuel to our loyal customer base across the UK, which consists of biomethane sourced from 100% renewable and sustainable waste feedstocks.

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