View ValuationReFuels 향후 성장Future 기준 점검 2/6ReFuels 의 수익은 연간 104.1% 감소할 것으로 예상되는 반면, 연간 수익은 51.9% 로 증가할 것으로 예상됩니다. EPS는 연간 104.5% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-104.1%이익 성장률-104.49%EPS 성장률Oil and Gas 이익 성장3.7%매출 성장률51.9%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트11 May 2026최근 향후 성장 업데이트Breakeven Date Change • Oct 09Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 83% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 111% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of UK£5.68m in 2027. New forecast suggests the company will make a loss of UK£4.06m in 2027.Breakeven Date Change • Jun 13Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.Breakeven Date Change • Jun 12Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 49% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.Breakeven Date Change • Dec 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €3.31m in 2026. New forecast suggests the company will make a loss of €735.2k in 2026.모든 업데이트 보기Recent updates공시 • May 06+ 3 more updatesReFuels N.V. to Report Q1, 2027 Results on Aug 27, 2026ReFuels N.V. announced that they will report Q1, 2027 results on Aug 27, 2026New Risk • Mar 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 146% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (kr918.2m market cap, or US$96.3m).Reported Earnings • Aug 31First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: UK£50.3m (up UK£56.1m from 1Q 2025). Revenue is expected to fall by 120% p.a. on average during the next 2 years compared to a 5.4% decline forecast for the Oil and Gas industry in Norway.Reported Earnings • May 30Full year 2025 earnings released: UK£0.28 loss per share (vs UK£0.34 loss in FY 2024)Full year 2025 results: UK£0.28 loss per share (improved from UK£0.34 loss in FY 2024). Revenue: UK£153.7m (up 42% from FY 2024). Net loss: UK£17.1m (loss narrowed 17% from FY 2024). Revenue is expected to fall by 150% p.a. on average during the next 2 years compared to a 3.9% decline forecast for the Oil and Gas industry in Norway.공시 • May 22ReFuels N.V., Annual General Meeting, Sep 18, 2026ReFuels N.V., Annual General Meeting, Sep 18, 2026.공시 • May 21+ 3 more updatesReFuels N.V. to Report First Half, 2026 Results on Nov 28, 2025ReFuels N.V. announced that they will report first half, 2026 results on Nov 28, 2025공시 • Apr 30ReFuels N.V. to Report Q4, 2025 Results on Aug 29, 2025ReFuels N.V. announced that they will report Q4, 2025 results at 7:00 AM, Central European Standard Time on Aug 29, 2025Reported Earnings • Mar 05Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: UK£44.1m (up 58% from 3Q 2024). Net loss: UK£5.98m (loss widened 285% from 3Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.분석 기사 • Mar 05Would ReFuels (OB:REFL) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Board Change • Feb 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Chairperson of the Board Yvonne Visser-Stam was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 01Second quarter 2025 earnings released: UK£0.14 loss per share (vs UK£0.025 loss in 2Q 2024)Second quarter 2025 results: UK£0.14 loss per share (further deteriorated from UK£0.025 loss in 2Q 2024). Revenue: UK£35.8m (up 29% from 2Q 2024). Net loss: UK£8.41m (loss widened 442% from 2Q 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 5.9% decline forecast for the Oil and Gas industry in Norway.New Risk • Nov 29New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: UK£21m Forecast net loss in 2 years: UK£7.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (UK£7.4m net loss in 2 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (kr628.2m market cap, or US$56.7m).New Risk • Nov 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (kr561.8m market cap, or US$50.8m).Breakeven Date Change • Oct 09Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 83% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 111% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of UK£5.68m in 2027. New forecast suggests the company will make a loss of UK£4.06m in 2027.New Risk • Sep 02New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: UK£27m Forecast net loss in 3 years: UK£4.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-UK£16m free cash flow). Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (UK£4.1m net loss in 3 years). Market cap is less than US$100m (kr1.00b market cap, or US$94.6m).Breakeven Date Change • Jun 13Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.Breakeven Date Change • Jun 12Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 49% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.공시 • May 03+ 5 more updatesReFuels N.V. to Report Q3, 2025 Results on Mar 04, 2025ReFuels N.V. announced that they will report Q3, 2025 results on Mar 04, 2025Recent Insider Transactions • Jan 31MD, CFO & Executive Director recently bought kr96k worth of stockOn the 26th of January, Baden Gowrie-Smith bought around 5k shares on-market at roughly kr19.24 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Baden's only on-market trade for the last 12 months.New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: kr1.03b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€306k). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (€732k net loss in 3 years). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (kr1.03b market cap, or US$97.9m).Breakeven Date Change • Dec 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €3.31m in 2026. New forecast suggests the company will make a loss of €735.2k in 2026.New Risk • Dec 02New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €612k Forecast net loss in 3 years: €736k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€306k). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€151k). Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (€736k net loss in 3 years).공시 • Sep 01ReFuels N.V. Announces Changes to Board of DirectorsReFuels N.V. announced that at the Annual General Meeting of Shareholders 30 August 2023 approved the following: Appointment Ms Krastel-Hoek as non-executive director; appointment Mr. Tuohy as non-executive director. ReFuels also announced the appointments of Ms Carina Krastel-Hoek and Mr. David Tuohy as non-executive directors of ReFuels with immediate effect. In addition, ReFuels announced the resignation of Mr. Timothy John Baldwin as a non-executive director and chairperson of the Board of Directors of ReFuels effective from conclusion of the AGM. The Board of Directors of ReFuels has also approved the appointment of Ms Yvonne Visser-Stam as chairperson of the Board of Directors of ReFuels with effect from conclusion of the AGM in accordance with ReFuels' articles of association and board rules.Recent Insider Transactions • May 19Operations Director recently bought kr332k worth of stockOn the 15th of May, Luke Preston bought around 13k shares on-market at roughly kr25.82 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Luke's only on-market trade for the last 12 months.이익 및 매출 성장 예측OB:REFL - 애널리스트 향후 추정치 및 과거 재무 데이터 (GBP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2028N/A1N/A-113/31/2027N/A-3N/A1013/31/20265136N/A-2112/31/2025-1086887N/A9/30/2025-636365N/A6/30/2025-245144N/A3/31/2025N/A-4-1-1N/A12/31/202427-14-3-2N/A9/30/202417-11-8-8N/A6/30/20249-4-5-5N/A3/31/2024N/A-3-15-15N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: REFL 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -104.1%).수익 vs 시장: REFL 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -104.1%).고성장 수익: REFL 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: REFL 의 수익(연간 51.9%)이 Norwegian 시장(연간 2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: REFL 의 수익(연간 51.9%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: REFL의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 02:34종가2026/05/21 00:00수익2025/12/31연간 수익2025/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스ReFuels N.V.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Adam ForsythLongspur Clean EnergyMax CampbellLongspur Clean Energy
Breakeven Date Change • Oct 09Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 83% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 111% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of UK£5.68m in 2027. New forecast suggests the company will make a loss of UK£4.06m in 2027.
Breakeven Date Change • Jun 13Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
Breakeven Date Change • Jun 12Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 49% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
Breakeven Date Change • Dec 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €3.31m in 2026. New forecast suggests the company will make a loss of €735.2k in 2026.
공시 • May 06+ 3 more updatesReFuels N.V. to Report Q1, 2027 Results on Aug 27, 2026ReFuels N.V. announced that they will report Q1, 2027 results on Aug 27, 2026
New Risk • Mar 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 146% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (kr918.2m market cap, or US$96.3m).
Reported Earnings • Aug 31First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: UK£50.3m (up UK£56.1m from 1Q 2025). Revenue is expected to fall by 120% p.a. on average during the next 2 years compared to a 5.4% decline forecast for the Oil and Gas industry in Norway.
Reported Earnings • May 30Full year 2025 earnings released: UK£0.28 loss per share (vs UK£0.34 loss in FY 2024)Full year 2025 results: UK£0.28 loss per share (improved from UK£0.34 loss in FY 2024). Revenue: UK£153.7m (up 42% from FY 2024). Net loss: UK£17.1m (loss narrowed 17% from FY 2024). Revenue is expected to fall by 150% p.a. on average during the next 2 years compared to a 3.9% decline forecast for the Oil and Gas industry in Norway.
공시 • May 22ReFuels N.V., Annual General Meeting, Sep 18, 2026ReFuels N.V., Annual General Meeting, Sep 18, 2026.
공시 • May 21+ 3 more updatesReFuels N.V. to Report First Half, 2026 Results on Nov 28, 2025ReFuels N.V. announced that they will report first half, 2026 results on Nov 28, 2025
공시 • Apr 30ReFuels N.V. to Report Q4, 2025 Results on Aug 29, 2025ReFuels N.V. announced that they will report Q4, 2025 results at 7:00 AM, Central European Standard Time on Aug 29, 2025
Reported Earnings • Mar 05Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: UK£44.1m (up 58% from 3Q 2024). Net loss: UK£5.98m (loss widened 285% from 3Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.
분석 기사 • Mar 05Would ReFuels (OB:REFL) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Board Change • Feb 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Chairperson of the Board Yvonne Visser-Stam was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 01Second quarter 2025 earnings released: UK£0.14 loss per share (vs UK£0.025 loss in 2Q 2024)Second quarter 2025 results: UK£0.14 loss per share (further deteriorated from UK£0.025 loss in 2Q 2024). Revenue: UK£35.8m (up 29% from 2Q 2024). Net loss: UK£8.41m (loss widened 442% from 2Q 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 5.9% decline forecast for the Oil and Gas industry in Norway.
New Risk • Nov 29New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: UK£21m Forecast net loss in 2 years: UK£7.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (UK£7.4m net loss in 2 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (kr628.2m market cap, or US$56.7m).
New Risk • Nov 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (kr561.8m market cap, or US$50.8m).
Breakeven Date Change • Oct 09Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 83% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 111% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of UK£5.68m in 2027. New forecast suggests the company will make a loss of UK£4.06m in 2027.
New Risk • Sep 02New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: UK£27m Forecast net loss in 3 years: UK£4.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-UK£16m free cash flow). Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (UK£4.1m net loss in 3 years). Market cap is less than US$100m (kr1.00b market cap, or US$94.6m).
Breakeven Date Change • Jun 13Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
Breakeven Date Change • Jun 12Forecast to breakeven in 2027The analyst covering ReFuels expects the company to break even for the first time. New forecast suggests losses will reduce by 49% per year to 2026. The company is expected to make a profit of UK£5.68m in 2027. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
공시 • May 03+ 5 more updatesReFuels N.V. to Report Q3, 2025 Results on Mar 04, 2025ReFuels N.V. announced that they will report Q3, 2025 results on Mar 04, 2025
Recent Insider Transactions • Jan 31MD, CFO & Executive Director recently bought kr96k worth of stockOn the 26th of January, Baden Gowrie-Smith bought around 5k shares on-market at roughly kr19.24 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Baden's only on-market trade for the last 12 months.
New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: kr1.03b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€306k). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (€732k net loss in 3 years). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (kr1.03b market cap, or US$97.9m).
Breakeven Date Change • Dec 03No longer forecast to breakevenThe analyst covering ReFuels no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €3.31m in 2026. New forecast suggests the company will make a loss of €735.2k in 2026.
New Risk • Dec 02New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €612k Forecast net loss in 3 years: €736k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€306k). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€151k). Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 3 years (€736k net loss in 3 years).
공시 • Sep 01ReFuels N.V. Announces Changes to Board of DirectorsReFuels N.V. announced that at the Annual General Meeting of Shareholders 30 August 2023 approved the following: Appointment Ms Krastel-Hoek as non-executive director; appointment Mr. Tuohy as non-executive director. ReFuels also announced the appointments of Ms Carina Krastel-Hoek and Mr. David Tuohy as non-executive directors of ReFuels with immediate effect. In addition, ReFuels announced the resignation of Mr. Timothy John Baldwin as a non-executive director and chairperson of the Board of Directors of ReFuels effective from conclusion of the AGM. The Board of Directors of ReFuels has also approved the appointment of Ms Yvonne Visser-Stam as chairperson of the Board of Directors of ReFuels with effect from conclusion of the AGM in accordance with ReFuels' articles of association and board rules.
Recent Insider Transactions • May 19Operations Director recently bought kr332k worth of stockOn the 15th of May, Luke Preston bought around 13k shares on-market at roughly kr25.82 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Luke's only on-market trade for the last 12 months.