Regulatory

ReFuels third quarter 2025: Steady volume growth, more value from certificates and increased capacity to meet higher demand

REF_Q3_2025 4 March 2025: 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 and presentation for the third quarter of 2025.
Key events in the period:
  • 14,835 tonnes of renewable biomethane (Bio-CNG) dispensed in the quarter, up 18% compared to the same period last year
  • Annualised EBITDA run rate across the station portfolio of GBP 6.5m in the quarter; expected to be GBP >12m on delivery of existing customer orders
  • Renewable Transport Fuel Certificates (RTFC) prices stabilising around historical average
  • Biomethane sourcing for 2025 is substantially complete, benefiting from favourable market conditions and higher margins
  • New station boosting refuelling capacity to over 10,000 HGVs and accelerated demand for Mobile Refuelling Stations
  • Bio-CNG is increasingly the preferred solution for decarbonising truck fleets across the UK
  • Term sheet signed with funds managed by Foresight Group to simplify the group’s ownership of station infrastructure and biomethane supply activities
“The massive interest across the UK sparked by the recent introduction of the new larger 6X2 Bio-CNG fuelled trucks is a strong confirmation of fleet operators’ dedication to cutting emissions. To meet this demand, we opened our 15th grid-connected refuelling station this December and are preparing to continue our expansion with four sites ready to be developed near our fleet customers combined with accelerated demand for mobile refuelling stations. Further, the market for sourcing biomethane in Europe is favourable, which combined with certificate prices (RTFCs) having stabilised at a robust level, underpins improved margins from our sourcing business,” said Philip Fjeld, CEO and co-founder of ReFuels. ReFuels will present its third quarter 2025 results during a webcast at 10:00 CET today. The presentation will be held by CEO Philip Fjeld and CFO Baden Gowrie-Smith. Please join the webcast via the following link: https://my.demio.com/ref/N2Yywpw5bYBVdf6r A recorded version of the presentation will also be available after the webcast is concluded. To receive ReFuels’ stock exchange and press releases via email, subscribe at refuels.com/investors. For further information, please contact: Philip Fjeld, CEO ReFuels N.V. Tel: +44 7976 159 833 E-mail: Philip.Fjeld@refuels.com Baden Gowrie-Smith, MD & CFO, Refuels N.V. Tel.:+44 7768 007 009 E-mail: baden.gowrie-smith@refuels.com About ReFuels ReFuels is decarbonising Europe’s truck fleet by developing, owning, and operating green station infrastructure. We are rolling out a network of reliable and convenient stations offering renewable biomethane fuels to heavy goods vehicles, with hydrogen and electricity to be added. Market leader in the UK with long-term ambition to expand in other European markets and active across the biomethane supply chain, including unlocking material value from Renewable Transport Fuel Certificates (RTFCs). For further information please visit www.refuels.com (http://www.refuels.com./). This information has been submitted according to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-03-03 07:00 CET.

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