Biomethane Station Data November 2025

10 Dec 2025 07:00 CET

10 December 2025 -- ReFuels N.V., a leading European supplier of renewable
biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles (HGVs),
today published Bio-CNG station data for November 2025.

* A total of 5,577 tonnes of Bio-CNG were dispensed from CNG Fuels' 16 public
access refuelling stations, up 9% from 5,118 tonnes in November 2024 (14
stations)
* Average daily dispensed volume reached a record level of 186 tonnes,
compared to 171 tonnes per day in the year-earlier period
* A daily average of 2,170 vehicles refuelled across the station network, an
increase of 11% year-on-year
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 28.1
pence, up 14% compared with 24.8 pence in November 2024

"Demand for biomethane continues to grow as fleet operators swap out diesel
HGVs for low-emission and cost-efficient Bio-CNG powered trucks. The more
moderate November annualised growth rate reflects a particularly strong
comparison base from November last year, when a large number of new trucks
were delivered into service. We expect the annualised growth to accelerate
again over the coming months, as a large number of new trucks go into
operation," said Philip Fjeld, CEO and co-founder of ReFuels.

In addition to Bio-CNG dispensing, CNG Fuels generates revenue from sales of
Renewable Transport Fuel Certificates (RTFCs). The average RTFC price in
November was 28.1 pence, up from 24.8 pence in November 2024. RTFCs are
awarded at a rate of 3.8 certificates per kilo of Bio-CNG dispensed and sold
to fuel suppliers with a blending obligation under the UK's Renewable
Transport Fuel Obligation (RTFO) scheme.

CNG Fuels supplies biomethane through a growing network of refuelling
stations, currently operating 16 public access Bio-CNG stations strategically
located on major UK trucking routes. Two additional stations are under
development -- one in South Wales and one in Swindon -- to further expand
network capacity.

ReFuels provides monthly operational updates, normally released within ten
working days after the end of each month.

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

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, ReFuels aims to have the capacity to
serve 20,000 heavy goods vehicles per day, with the long-term ambition of
becoming 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 Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2025-12-10 07:00
CET.

More information:
Access the news on Oslo Bors NewsWeb site

661586_Operational Update November 2025.pdf
661586_Biomethane Station Data November 2025.pdf