September 11, 2026. ReFuels N.V., one of Europe’s leading suppliers of renewable biomethane (Bio-CNG) for the decarbonization of heavy goods vehicles, releases its interim report for the first quarter of fiscal 2027 for April-June 2026.
Highlights:
- CNG Fuels Q1 2027 EBITDA of GBP 4.9 million, up more than 3x from the same period last year
- FY 2027 adjusted EBITDA guidance of GBP 16–20 million reiterated, supported by increased station profitability and RTFC (Renewable Transport Fuel Certificate) margins
- Dispensed Bio-CNG volumes grew 8% year-on-year, while the number of vehicles increased 11% to more than 2,250
- More than 900 trucks expected over the next 12–18 months, supporting CNG Fuels’ expectation of more than 8,000 HGVs on UK roads by 2030
- Record-high construction activity with Magor set to open in October as the 17th station and Swindon and Carlisle sites under construction
- The new stations are expected to increase network refuelling capacity to more than 14,000 HGVs per day
Philip Fjeld, CEO and co-founder of ReFuels, said: “CNG Fuels more than tripled adjusted EBITDA, driven by a second consecutive quarter of positive station network contribution and strong certificate margins. Bio-CNG offers greater energy resilience, lower fuel costs and emissions than diesel and HVO. We expect more than 900 new CNG trucks on the roads over the next 12–18 months, and our largest customers provide visibility to 8,000 CNG HGVs by end-2030. We are expanding our refuelling network to meet this growth and have a record three new high-capacity stations simultaneously under construction. Together with attractive RTFC margins already largely locked in, this supports our FY 2027 adjusted EBITDA guidance of GBP 16–20 million.”
