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.
This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-03-04 06:00 CET.
Attachments ReFuels Q3 2025 Report ReFuels Q3 2025 Presentation
ReFuels Q3 2025 Report
ReFuels Q3 2025 Presentation
Go to news overview

Related

More news about...

See all
IMG_2377

Regulatory

Biomethane Station Data February 2024

Oslo Børs

Regulatory

Mandatory Notification of Trade by Primary Insiders – ReFuels N.V.

Doncaster

Non-regulatory

ReFuels commences construction of Bio-CNG refuelling station in key logistics area

Discover how we can transform fleet operations, making them more
sustainable, efficient, and cost effective.

Contact us

Disclaimer – investor access to research reports

Important Information

Use of this website

PLEASE READ THIS IMPORTANT INFORMATION SECTION IN FULL. THIS SECTION OF THE WEBSITE CONTAINS CERTAIN ANALYST RESEARCH REPORTS ON REFUELS N.V. (THE “COMPANY”).

YOU MAY NOT BE ELIGIBLE TO VIEW THE CONTENTS OF THAT INFORMATION AND THOSE DOCUMENTS. ACCORDINGLY, IF YOU WISH TO ACCESS THIS PART OF THE WEBSITE, YOU MUST FIRST INFORM YOURSELF OF AND CONFIRM THAT YOU MEET THE BELOW CRITERIA AND THAT YOU THAT YOU HAVE READ, UNDERSTOOD AND AGREE TO BE BOUND BY THE TERMS. IF YOU ARE NOT ABLE TO GIVE THIS CONFIRMATION YOU MUST NOT PROCEED ANY FURTHER AND SHOULD DECLINE TO ACCEPT THE TERMS.

THE INFORMATION CONTAINED IN THIS PART OF THE WEBSITE IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT INTENDED TO AMOUNT TO ADVICE ON WHICH YOU SHOULD RELY OR TO AMOUNT TO ANY RECOMMENDATION, OFFER TO SELL OR SOLICITATION OF ANY OFFER TO BUY SECURITIES IN THE COMPANY.

General

The information contained in this part of the website is provided for general information and reference purposes only. Nothing herein is intended to constitute, and should not be construed as, an offer, invitation, or inducement to engage in investment activity, or investment advice or recommendation, in relation to the acquisition of securities in the Company (the “Securities”) and should not be relied upon as such by any person.

Nothing in this website is to be taken as investment or tax advice. If you are unclear about any of the information on this website or its suitability for you, please contact your financial or tax adviser, or an independent financial or tax adviser before making any investment or financial decisions.

Permitted users

The information contained in this website is not directed at any person in any jurisdiction where access to that information and the use of it is contrary to or in breach of local law or regulation. Persons in respect of whom such prohibitions apply must not access this website. The laws and regulations of the country from which you access this site may include restrictions on the diffusion of information contained in the website; it is your responsibility to ensure that your use complies with any restrictions or any applicable local laws regarding use of the information on this website.

The Company is not and will not be registered under the US Investment Company Act of 1940, as amended. Securities in the Company have not been, nor will they be, registered under the US Securities Act of 1933, as amended or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, or South Africa. Subject to certain exceptions, the Shares may not be offered or sold in the United States, Australia, Canada, Japan, or South Africa or to or for the account or benefit of any national, resident or citizen of Australia, Canada, Japan or South Africa or any person located in the United States.

The content of this website is directed only at: (i) persons outside the United Kingdom to whom it is lawful to communicate it; or (ii) persons inside the United Kingdom having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”); or (iii) persons inside the United Kingdom who are high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the FPO (all such persons “Relevant Persons”). Any investment or investment activity to which the information contained in this website relates is available only to and will be engaged in only with such Relevant Persons. Persons within the United Kingdom who access this website (other than persons falling within (ii) and (iii) above) should not rely on or act upon the content of this website.

General risk warning

Information regarding the past performance of an investment is not necessarily indicative of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The market value of the Securities may not reflect their underlying net asset value.

Disclaimer

The information on the website may be updated from time to time, although please note that the Company is not under any obligation to update it. No confirmation is given that the information is accurate, complete or up-to-date at any given time.

This website may contain links to third party websites. These links are provided for your information and convenience only, and do not amount to a recommendation or endorsement by the Company of that third party or its website. The Company does not have any control over the content of a third-party website and has not verified the accuracy of any content on any third party website. Accordingly, the Company is not liable for the content or availability (or lack of availability) of such third-party websites.

This website is provided for your use “as is” without any warranties (whether express or implied) of any kind including, but not limited to, the warranty of non-infringement of third-party rights or freedom from computer virus. As a result, the Company does not accept any ongoing obligation or responsibility in respect of any errors, omissions, interruptions or delays in service which may occur. Internet is not a secure medium of communication unless the data being sent is encrypted. The Company cannot accept any responsibility for unauthorised access by a third party or the corruption of data sent to it.

By continuing to use this website, you agree to the exclusion by the Company, to the extent permitted by applicable law and regulation, of any and all liability for any direct, indirect, punitive, consequential, incidental, special or other damages, including, without limitation, loss of profits, revenue or data arising out of or relating to your use of and the Company’s provision of this website and its content. By proceeding, you are representing that you have understood and accepted these terms. You also: (i) agree that such information will apply to any subsequent access to the website, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein; and (ii) warrant that no other person will access this website from the same computer and logon as you are currently using.

Agree