RENERGEN LIMITED - Updated trading statement

Updated trading statement

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or "the Company" or "the Group")


UPDATED TRADING STATEMENT


On 22 September 2025, the Company published a trading statement which it advised
shareholders that a reasonable degree of certainty existed that loss per share ('LPS') and
headline loss per share ('HLPS') are expected to increase by at least 20%, respectively,
compared to the previous corresponding period.

Renergen is currently in the process of finalising its results for the six months ended 31 August
2025 ('Current Reporting Period'), which will be announced on the Stock Exchange News
Service ('SENS') of the JSE Limited ('JSE') on or about 31 October 2025. In terms of the JSE
Listings Requirements, the Company hereby confirms that a reasonable degree of certainty
now exists that for the Current Reporting Period that:

-   LPS is expected to be between ZAR0.866 and ZAR0.957 compared to a LPS of ZAR
    0.4573 reported for the six months ended 31 August 2024 ('Previous Reporting Period'),
    representing an increase of between 89% and 109%; and
-   HLPS is expected to be between ZAR0.866 and ZAR0.957 compared to HLPS of ZAR
    0.4573 reported for the Previous Reporting Period, representing an increase of between
    89% and 109%.

The increase in the loss and headline loss per share is primarily attributable to the following
factors:
    • Once-off transaction costs as a result of the ASP Isotopes combination were incurred;
    • During the Current Reporting Period, the plant was fully commissioned which has
      resulted in an increase in the depreciation expense for the full Phase 1 plant, which was
      not the case in the Previous Reporting Period;
    • Similarly, costs that were capitalised in the Previous Reporting Period have been
      expensed in the Current Reporting Period; and
    • Increased interest expense.

The financial information on which this trading statement is based has not been reviewed nor
reported on by the Company's external auditors.


Johannesburg
28 October 2025
Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital

To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company's website.

www.renergen.co.za

For all media relations please contact:
investorrelations@renergen.co.za

Date: 28-10-2025 04:00:00
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