Refuels N.V.

Earnings Release • Jan 6, 2026

Biomethane Station Data December and full-year 2025

Biomethane Station Data December and full-year 2025

6 January 2026 -- 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 December and full-year 2025.

* A total of 5,553 tonnes of Bio-CNG were dispensed from CNG Fuels' 16 public

access refuelling stations, up 14% from 4,858 tonnes in December 2024 (15

stations)

* For the full year 2025, 63,457 tonnes were dispensed, up 15% from 55,012

tonnes in 2024

* Average daily dispensed volume reached 179 tonnes, compared to 157 tonnes

per day in the year-earlier period

* A daily average of 2,237 vehicles refuelled across the station network, an

increase of 15% year-on-year

* At the end of December 2025, 156 of the vehicles were the larger 6x2 models,

up 179% year-on-year

* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 28.6

pence, up 17% compared with 24.4 pence in December 2024

"Biomethane is the most scalable and commercially viable solution for

immediate decarbonisation of heavy transport, offering lower fuel costs

without subsidies. In 2025, this was reflected in continued strong volume

growth driven by more Bio-CNG trucks on the road, including initial deliveries

of the larger 6x2 trucks. Our customers, such as the UK's number one bakery

brand Warburtons, continue to expand their biomethane fuelled fleets, and with

three new high-capacity stations set to open in 2026, we are building on this

momentum," 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

December was 28.6 pence, up from 24.4 pence in December 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 2026-01-06 07:00

CET.