Refuels N.V. — Earnings Release 2025

Jul 8, 2025

Biomethane Station Data June 2025

Biomethane Station Data June 2025

8 July 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 June 2025.

* 5,246 tonnes of Bio-CNG were dispensed from CNG Fuels' 16 public access

refuelling stations in operation, an increase of 18% from 4,458 tonnes in

June 2024 (14 stations)

* Average daily dispensed volume of 175 tonnes, up from 149 tonnes dispensed

per day in the year-earlier period

* For the three months ending 30 June 2025, the total dispensed volume was

15,906 tonnes, an increase of 17% compared to the same period in 2024

* A daily average of 2,034 vehicles refuelled at ReFuels' Bio-CNG stations, up

16% from 1,761 vehicles in the same period last year

* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 25.5

pence, up 27% compared to June 2024

"Demand for Bio-CNG continues to grow across the CNG Fuels' station network as

fleet operators replace diesel HGVs with biomethane-fuelled vehicles. Several

recently delivered trucks have yet to start operations, confirming the strong

underlying trend. This was further underpinned at The Road Transport Expo (the

UK's largest truck show) in late June, which showed that the UK haulage

industry is realising that electrification of heavy trucks is nowhere near to

happen at the pace that is required for mass adoption and that biomethane is

truly becoming mainstream with both Iveco and Scania focusing on CNG trucks,"

said Philip Fjeld, CEO of ReFuels.

CNG Fuels had 173 unique customer fleets refuelling across the network in the

three months ending 30 June 2025, compared to 167 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 of dispensed Bio-CNG, which are sold to fuel suppliers with a

blending obligation. In June, the average price per RTFC was 25.5 pence,

compared with 20.1 pence in June 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 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 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

2025-07-08 06:30 CEST.