• CNG Fuels dispensed a total of 5,225 tonnes of Bio-CNG from 16 public access refuelling stations, up 12% from 4,660 tonnes in February 2025 (15 stations)
• Average daily dispensed volume reached a record 187 tonnes, compared to 166 tonnes per day in the year-earlier period
• A daily average of 2,239 vehicles refuelled across the station network, an increase of 14% year-on-year
• Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 25.7 pence, equal to February 2025

“The CNG Fuels station network delivered solid utilisation as Bio-CNG trucks continue to gain market share in a soft overall haulage market. Fleet operators are increasingly recognising that they can both decarbonise operations today and increase returns over the life of a vehicle due to the rapid payback offered by new state-of-the-art biomethane trucks compared to HVO fuel and diesel HGVs. We expect new truck deliveries to accelerate towards the summer after the typical seasonal slow start to the year,” 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 February was 25.7 pence, equal to the price in February 2025. 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. One additional station in Magor, South Wales, is under construction 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.