Refuels N.V. — Earnings Release 2025

Jun 6, 2025

Biomethane Station Data May 2025

Biomethane Station Data May 2025

6 June 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 May 2025.

* A record 5,406 tonnes of Bio-CNG were dispensed from CNG Fuels' 16 public

access refuelling stations in operation, an increase of 17% from 4,494

tonnes in May 2024 (15 stations)

* Average daily dispensed volume of 174 tonnes, up from 149 tonnes dispensed

per day in the year-earlier period

* For the three months ending 31 May 2025, the total dispensed volume was

15,867 tonnes, an increase of 17% compared to the same period in 2024

* A daily average of 2,032 vehicles refuelled at ReFuels' Bio-CNG stations, up

15% from 1,761 vehicles in the same period last year

* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 25.9

pence, up 39% compared to April 2024

"We delivered record volumes in May despite seasonal impact from two UK bank

holidays and temporarily fewer new truck deliveries. With more Bio-CNG trucks

expected on the road over the summer, we anticipate continued volume growth.

This is supported by the clear cost and environmental benefits of using

biomethane as transportation fuel and CNG Fuels' expanding network. In May, we

opened a new refuelling station in Scotland, increasing our refuelling

capacity in the UK to more than 10,500 heavy goods vehicles per day," said

Philip Fjeld, the CEO of ReFuels.

CNG Fuels had 176 unique customer fleets refuelling across the network in the

three months ending 31 May 2025, compared to 173 for the comparable period in

In addition to Bio-CNG dispensing, CNG Fuels generates revenue from sales of

Renewable Fuel Transport Certificates (RTFCs). CNG Fuels is awarded 3.8 RTFCs

per kilo dispensed of Bio-CNG, which are sold to fuel suppliers with a

blending obligation. In May, the average price per RTFC was 25.9 pence,

compared with 18.65 pence in May 2024.

CNG Fuels supplies biomethane through a growing network of refuelling

stations, currently operating 16 public access Bio-CNG stations on major

trucking routes in the UK. One station is moving into development near the M4

in South Wales, offering direct access to key freight routes for efficient

east-west transport.

ReFuels provides monthly operational updates, which are normally released

within ten working days after the end of the 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 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 UK's largest clean fuel station network. By

end-2028, the target is to have a capacity to serve 20,000 heavy goods

vehicles per day while the long-term ambition is 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 at

2025-06-06 06:30 CEST.