ReFuels N.V. (REFL) Earnings Call Transcripts

ReFuels N.V.'s Latest Earnings Call - Q4 FY2026

In Q4 2026, ReFuels N.V. reported an EBITDA of GBP 14.2 million, aligning with prior guidance and representing a 112% increase year-over-year. Revenue for the quarter was GBP 42.2 million, slightly down from GBP 42.4 million in Q4 2025, attributed to lower gas prices and timing of renewable transport fuel certificate (RTFC) sales. Management has provided an adjusted EBITDA guidance for FY 2027 of GBP 16 million to GBP 20 million, indicating continued growth driven by increased biomethane volumes and improved certificate margins.

Reported metrics

Guidance from management

Management has guided for an adjusted EBITDA of GBP 16 million to GBP 20 million for FY 2027, supported by a projected growth in biomethane volumes of 15% to 20%.

What management said

Thank you. And thank you for those of you tuning in. Exciting times ahead for us. There's never a dull moment in the world that we live in. Yes, got a lot of positive stuff happening at this point in time. So yes, looking forward to seeing you again in -- at the end of August and hopefully have some other updates in the meanwhile. Thank you so much.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of high diesel prices on customer activity and demand destruction. There were also inquiries about the company's plans to improve stock liquidity, which remains a significant issue for investors.

Main topics on the call

• Revenue Stability — ReFuels reported Q4 revenue of GBP 42.2 million, which is broadly stable compared to GBP 42.4 million in Q4 2025. This slight decrease is attributed to lower gas prices and timing of RTFC sales, as stated by CFO Baden Go...
• Strong EBITDA Growth — The company achieved an EBITDA of GBP 14.2 million for FY 2026, more than double the GBP 6.7 million from FY 2025. This growth reflects the successful scaling of operations and improved margins, with management noting, '...
• Guidance for FY 2027 — Management has guided for an adjusted EBITDA of GBP 16 million to GBP 20 million for FY 2027, supported by a projected growth in biomethane volumes of 15% to 20%. CEO Philip Fjeld emphasized, 'We are feeling pretty good ...
• Increased Customer Interest — The ongoing geopolitical tensions have led to increased interest from potential customers in adopting CNG trucks. Fjeld mentioned, 'We are seeing now some customers are pulling truck orders forward,' indicating a shift t...

Read the full ReFuels N.V. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 ReFuels N.V. earnings call transcripts on record, spanning November 29, 2024 to May 29, 2026. Based on this history, ReFuels N.V. reports quarterly. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

REFL

Exchange

OB

Country

NO

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

13

First call

November 29, 2024

Most recent

May 29, 2026

Reporting cadence

quarterly