Renergen expects wider loss, resolves solar power plant dispute

Renergen Limited expects its loss per share (LPS) and headline loss per share (HLPS) for the six months ended August 31, 2025, to increase by at least 20%, or ZAR 0.0915 per share, compared to ZAR 0.4573 for the previous corresponding period. This increase is attributed to once-off transaction costs from the ASP Isotopes combination, higher depreciation expenses, costs previously capitalised now expensed, and increased interest expenses. The financial results are expected around October 30, 2025.

Concurrently, Renergen has reached a full settlement and coexistence agreement with Springbok Solar Power Plant, ending all legal disputes. The agreement formalises the operation of both the Virginia Gas Project and Springbok Solar Project within the designated area, ensuring clear communication protocols and Tetra4's exclusive exploration and production rights outside the agreed Springbok Solar Project boundary.

Springbok Solar expressed regret for the circumstances that led to the dispute, acknowledging Tetra4's existing rights and the need for consultation under Section 53 of the MPRDA. Both parties are committed to complying with all applicable laws and regulations. The settlement fosters collaboration for future energy security and economic growth in South Africa.