Kibo Energy’s acquisition of Carbon Resilience fails, company seeks alternatives

Kibo Energy PLC confirmed that its conditional acquisition of Carbon Resilience Pte Limited, as per agreements on October 8th and 16th, 2025, will not proceed. The failure is attributed to FA SPC Real Asset Income Limited (FSRAIL) and Carbon Resilience not providing sufficient due diligence documentation within the stipulated timeframe, preventing the SPA from becoming effective.

Further compounding the situation, the noteholder responsible for funding under the CLN has not provided the second tranche of the required funds. This shortfall necessitates alternative funding for Kibo Energy PLC to meet its ongoing working capital needs.

Consequently, Kibo Energy PLC is evaluating alternative opportunities and will update the market on its progress in due course. The announcement contains inside information under the Market Abuse Regulations (EU) no. 596/2014.