New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.6% 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 Currently unprofitable and not forecast to become profitable over next 2 years (€7.1m net loss in 2 years). Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (€2.3m revenue, or US$2.7m). Market cap is less than US$100m (€64.5m market cap, or US$75.7m). Announcement • Apr 26
Afyren Receives EUR 3 Million Grant from Grand Est Region Through European Just Transition Fund Afyren received a EUR 3 million grant from the Grand Est Region through the European Just Transition Fund. The European Union has established the Just Transition Fund in the most strategic regions and sectors. In order to meet the actual needs of local territories, Europe has entrusted management of these funds to selected regions. In this context, Afyren was selected by the Grand Est Region to benefit from this support, which will contribute to financing performance investments at the Afyren Neoxy plant, now 100% owned by Afyren. This grant illustrates the development potential of the biorefinery and, more broadly, the creation of value, jobs, and sustainable skills driven by the company, one of the few greentech players to have successfully crossed the threshold of industrial-scale production and commercialization. It is also in recognition of this level of maturity, and thanks to the achievement of the defined milestones, that Afyren received the final instalment of EUR 2.2 million in March 2026 under Bpifrance’s “France Relance” grant, aimed at supporting strategic investments in critical sectors. Announcement • Apr 02
AFYREN SAS, Annual General Meeting, Jun 16, 2026 AFYREN SAS, Annual General Meeting, Jun 16, 2026. Location: lyon France 
