RENERGEN LIMITED - Initial trading statement

Initial 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")


INITIAL TRADING STATEMENT


In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is
required to publish a trading statement as soon as it becomes reasonably certain that the
financial results for the next period to be reported on will differ by 20% or more from the
financial results for the previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that, for the six
month period ended 31 August 2025 ("Current Period") loss per share ("LPS") and headline
loss per share ("HLPS") will increase by at least 20%, which is an increase of at least ZAR
0.0915 per share, when compared to the LPS and HLPS of ZAR 0.4573 for the period ended
31 August 2025 ("Previous Period").

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 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 Period;
    - Similarly, costs that were capitalised in the Previous Period have been expensed in the
      Current Period; and
    - Increased interest expense.

A further trading statement, as required in terms of the JSE Listings Requirements, will be
released on SENS as soon as the Company has a reasonable degree of certainty on the
expected EPS and HEPS ranges or numbers for the Current Period.

The financial information on which this trading statement is based has not been reviewed nor
reported on by the Company's external auditors. The results for the Current Period are
expected to be published on or about 30 October 2025.


Johannesburg
22 September 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: 22-09-2025 08:00:00
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