ReFuels Q3 2026: CNG Fuels delivering profitable growth on continued CNG fleet expansion FY 2026 EBITDA guidance increased to GBP 13 15 million

27 Feb 2026 06:30 CET

27 February 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 third quarter
of fiscal 2026.

Highlights:

* CNG Fuels' Q3 2026 EBITDA of GBP 5.6 million and GBP 9.7 million
year-to-date, up ~10x from YTD 2025, driven by scale benefits and higher
certificate prices
* FY 2026 EBITDA guidance increased to GBP 13-15 million (previously GBP 10-12
million)
* Dispensed volumes of biomethane (Bio-CNG) across the CNG Fuels station
network up 13% year-over-year
* CNG trucks gaining share in a soft UK HGV market, led by adoption of larger
6x2 units
* Progressing three new high-capacity stations, increasing network capacity to
~14,000 HGVs per day
* Continued growth of 15-20% expected for dispensed volumes for fiscal 2027

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

"The structural market fundamentals supporting Bio-CNG adoption continue to
strengthen. More than 100,000 articulated UK diesel-HGVs are likely set for
replacement before 2035, and fleet operators are looking for solutions that
work today with immediate decarbonisation and a positive business case. With
clear cost advantages over HVO fuel, Bio-CNG is increasingly the preferred
solution in this replacement cycle, driving demand for refuelling capacity and
underpinning our plan to double the capacity by the end of 2028. Higher
utilisation across the CNG Fuels network is supporting our cash-generative
clean fuel platform with materially improved EBITDA, demonstrated by our
increased full-year guidance to GBP 13-15 million."

The Q3 2026 interim report and presentation are attached and available at:
https://refuels.com/investor-relations/

ReFuels will present the third quarter 2026 results today at 10:00 CET. The
webcast will be hosted by CEO Philip Fjeld and CFO Baden Gowrie-Smith. Please
join the presentation via the following link:
https://forms.office.com/pages/responsepage.aspx?id=-QEn0CM7P0uPzintVGMr-Ezn6f_1
owNIox043WtG0LlURDU0NDNIWkwwOENXS0JaUlRDVDlOOFRLNS4u&route=shorturl

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 Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-02-27 06:30
CET.

More information:
Access the news on Oslo Bors NewsWeb site

667037_ReFuels Q3 2026 Presentation.pdf
667037_ReFuels Q3 2026 Report.pdf