Technologies New Energy posts first-half revenue of €81,151 and loss of €376,551

For best results when printing this announcement, please click on link below: RNS Number: 9483W Technologies New Energy PLC 30 September 2026 30 September 2026 Technologies New Energy plc ("TNE", the "Company" or, together with its subsidiaries, the "Group") Unaudited Half-Year Results for the Six Months Ended 30 June 2026 Technologies New Energy plc (LSE: TNE) announces its unaudited condensed consolidated interim results for the six months ended 30 June 2026. A. ").

· Loss for the period of €376,551, including a non-cash share-based payment charge of €33,614 (H1 2025: €1,567,708, which included a non-cash reverse acquisition listing expense of €1,215,337; excluding that charge the H1 2025 loss was €352,371). 07 euro cents). · Cash and cash equivalents of €283,707 at 30 June 2026 (31 December 2025: €762,638). · Net liabilities of €1,147,804 at 30 June 2026 (31 December 2025: €789,599), of which €726,817 of shareholder obligations are to be settled by the issue of new ordinary shares rather than in cash.

Operational highlights · Continued development of the Group's Negative-C portfolio, including its biomass-to-sustainable-fuels, biomass-to-power, biomethane and biochar projects. · Acquisition of a 90% interest in Cleversearch Lda in February 2026, expanding the Group's project development activities, including the Azores biorefinery project. · Continued development of the Group's energy-transition activities, including battery energy storage systems (BESS), energy management systems and associated electrification projects.

· Expansion of the Group's activities into data-centre power infrastructure, with the development of a pipeline of projects combining power, battery storage and renewable-energy infrastructure. · Continued delivery of operations and maintenance and engineering services to industrial and energy-sector clients in Portugal and Morocco. · Continued development of the Diverfuel digital platform for the clean fuels and green chemicals market.

com Julio Perez, Chief Executive Officer +351 915 126 782 About TNE Technologies New Energy plc ("TNE") is an energy-transition engineering and technology company focused on advisory services, Data Centre power infrastructure and the conversion of biomass into sustainable fuels, energy and biochar. TNE combines engineering, project development and digital capabilities to develop and deliver energy solutions for its clients and to originate and develop its own portfolio of energy-transition projects. The Group's activities span power generation and storage, industrial decarbonisation, energy management and digital optimisation.

In Data Centres, TNE designs and integrates power infrastructure solutions combining generation, battery energy storage, renewable power and advanced energy-management systems, with a focus on enabling faster deployment of power for energy-intensive Data Centre developments. TNE's proprietary project portfolio is focused on the conversion of waste biomass and forestry and agricultural residues into higher-value products. This includes the development of Sustainable Aviation Fuel ("SAF") biorefineries and modular Biomass-to-Power ("B2P") projects, with biochar produced as a co-product.

TNE is currently developing an initial portfolio of four SAF projects and four modular Biomass-to-Power ("B2P") projects in Portugal. TNE's established advisory, engineering, contracting and digital activities provide the technical capabilities and industry relationships supporting these growth areas. The Group has undertaken work across renewable energy, battery storage, industrial energy systems, digital twins and low-carbon fuels for international industrial and energy clients. Forward-looking statements Certain statements in this announcement constitute "forward-looking statements".

Forward-looking statements include statements concerning the plans, objectives, goals, strategies and future operations and performance of the Company and the assumptions underlying such statements. Words such as "anticipates", "estimates", "expects", "believes", "intends", "plans", "may", "will" and "should", and similar expressions, are intended to identify forward-looking statements.

Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. Forward-looking statements speak only as at the date of this announcement.

Except as required by applicable law or regulation, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. As a result of these risks, uncertainties and assumptions, investors should not place undue reliance on forward-looking statements. CHAIRMAN'S STATEMENT I am pleased to announce the Group's interim results for the six months ended 30 June 2026. Financial review The Group incurred a loss of €376,551 in the period, including a non-cash share-based payment charge of €33,614 (H1 2025: €1,567,708, including a non-cash reverse acquisition listing expense of €1,215,337).

Revenue for the period was €81,151 (H1 2025: €64,915). The Group had a cash position of €283,707 at 30 June 2026 (31 December 2025: €762,638). 07 euro cents). Outlook The Group remains focused on progressing its portfolio of energy-transition projects, particularly across sustainable fuels, biomass-to-power and Data Centre power infrastructure, while continuing to develop its established advisory, engineering and contracting activities.

On behalf of the Board, I would like to thank our staff and advisers for their hard work and our shareholders for their continued support. José Meneses da Silva Moura Executive Chairman DIRECTORS' REPORT AND STATEMENT OF DIRECTORS' RESPONSIBILITIES The results of the Group are addressed in the Chairman's statement above. The total comprehensive expense for the period was €391,819 (H1 2025: €1,565,377). On 17 June 2026 the Company granted share options to the Chief Executive Officer in settlement of a performance bonus (Note 14).

8R. Related party transactions are disclosed in Note 15. Cautionary statement This Interim Management Report has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. It should not be relied on by any other party or for any other purpose.

Going concern The Directors' assessment of going concern, including a material uncertainty, is set out in Note 3. Principal risks and uncertainties The principal risks and uncertainties remain those set out in the Annual Report for the year ended 31 December 2025, except that funding and liquidity risk has increased (see Note 3). 07) All results relate to continuing operations.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2026 Note 30 June 2026 31 December 2025 (unaudited) € € Non-current assets Property, plant and equipment 11 62,997 35,969 Intangible assets - Diverfuel platform 11 115,000 115,000 Financial investments 16 27,005 1,092 Other non-current assets (deposit) 1,283 1,267 Total non-current assets 206,285 153,328 Current assets Inventories 5,772 5,904 Trade receivables 12 12,693 1,215 Advances to suppliers 12 160,383 - VAT and other taxes recoverable 12 155,220 134,450 Other debtors and prepayments 12 6,866 175,386 Cash and cash equivalents 283,707 762,638 Total current assets 624,641 1,079,593 Total assets 830,926 1,232,921 Current liabilities Trade and other payables 13 (689,427) (652,576) Lease liabilities 13 (11,300) (11,103) Borrowings 13 (31,860) - Tax and social security payable (9,592) (30,957) Accrued liabilities and deferred income 13 (171,677) (257,371) Shareholder loans - to be settled in shares 13 (726,817) (726,817) Total current liabilities (1,640,673) (1,678,824) Net current liabilities (1,016,032) (598,429) Total assets less current liabilities (809,747) (445,101) Non-current liabilities Shareholder loans 13 (327,013) (327,013) Lease liabilities 13 (11,044) (16,683) Total non-current liabilities (338,057) (343,696) Net liabilities (1,147,804) (789,599) Equity Share capital 14 18,697,294 18,697,294 Share premium 14 17,699,394 17,699,394 Reverse acquisition reserve 14 (32,972,964) (32,972,964) Capital contribution reserve 14 (10,241) (10,241) RTO sponsor reserve 14 (1,958,009) (1,958,009) Warrant reserve 14 738,879 738,879 Share option reserve 14 33,614 - Currency translation reserve 14 (798,624) (783,356) Retained deficit 14 (2,577,147) (2,200,596) Total equity (1,147,804) (789,599) The condensed consolidated interim financial statements were approved by the Board of Directors on 29 September 2026 and signed on its behalf by: Julio Perez, Chief Executive Officer.

A. A. to the Company. The transaction was wholly intragroup, involved no movement of cash and has been eliminated on consolidation.

Accordingly, it has no effect on the consolidated statement of cash flows. CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the six months ended 30 June 2026 Six months ended 30 June 2026 (unaudited) € Share capital Share premium Reverse acq. reserve Capital contrib. reserve RTO sponsor reserve Warrant reserve Share option reserve Currency transl.

reserve Retained deficit Total equity Balance at 1 January 2026 18,697,294 17,699,394 (32,972,964) (10,241) (1,958,009) 738,879 - (783,356) (2,200,596) (789,599) Loss for the period - - - - - - - - (376,551) (376,551) Share-based payment - share options - - - - - - 33,614 - - 33,614 Other comprehensive expense - exchange differences on translation - - - - - - - (15,268) - (15,268) Balance at 30 June 2026 (unaudited) 18,697,294 17,699,394 (32,972,964) (10,241) (1,958,009) 738,879 33,614 (798,624) (2,577,147) (1,147,804) Six months ended 30 June 2025 (unaudited) € Share capital Share premium Reverse acq. reserve Capital contrib.

reserve RTO sponsor reserve Warrant reserve Share option reserve Currency transl.

reserve Retained deficit Total equity Balance at 1 January 2025 50,000 - - 666,817 - - - - (800,107) (83,290) Shares deemed issued - reverse acquisition (30 April 2025) 18,597,704 17,649,804 (36,194,926) - - - - - - 52,582 Recognition of RTO sponsor reserve - - 1,958,009 - (1,958,009) - - - - - Warrant reserve - amendment of warrant instrument (4 June 2025) - - (738,879) - - 738,879 - - - - Reverse acquisition listing expense (IFRS 2) - - 1,215,337 - - - - - - 1,215,337 Loss for the period - - - - - - - - (1,567,708) (1,567,708) Other comprehensive income - exchange differences on translation - - - - - - - 2,331 - 2,331 Balance at 30 June 2025 (unaudited) 18,647,704 17,649,804 (33,760,459) 666,817 (1,958,009) 738,879 - 2,331 (2,367,815) (380,748) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 1.

General information Technologies New Energy plc is a public limited company incorporated and domiciled in England and Wales (registered number 13672588), with its registered office at 9th Floor, 107 Cheapside, London EC2V 6DN. Its ordinary shares are admitted to the equity shares (transition) category of the Official List and to trading on the Main Market of the London Stock Exchange. A. ), a company incorporated in Portugal, which is the accounting acquirer under IFRS 3.

A. and on 3 February 2026 it acquired a 90% interest in Cleversearch Lda (Note 16). The principal activity of the Group is renewable energy engineering, consulting, project development and energy transition services. 2.

Basis of preparation These condensed consolidated interim financial statements for the six months ended 30 June 2026 have been prepared in accordance with UK-adopted International Accounting Standard 34 Interim Financial Reporting and the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority. They should be read in conjunction with the Annual Report and Financial Statements for the year ended 31 December 2025, which were prepared in accordance with UK-adopted international accounting standards. The interim financial statements are unaudited and have not been reviewed by the Company's auditors.

They do not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006. The comparative information for the six months ended 30 June 2025 has been restated to reflect the reverse acquisition accounting applied in the financial statements for the year ended 31 December 2025. The principal effect is the recognition of a non-cash listing expense of €1,215,337 on 30 April 2025, increasing the loss for that period from €349,600, as previously reported, to €1,567,708. Loss per share has been recalculated accordingly, and cash at 30 June 2025 has been restated from €726,037 to €721,647 to apply the ECB closing exchange rate.

, and are rounded to the nearest euro. The results of the Portuguese subsidiaries are derived from their management accounts prepared under the Portuguese accounting framework (SNC), adjusted where necessary to comply with the Group's IFRS accounting policies. 3. Going concern At 30 June 2026, the Group had cash of €283,707, net current liabilities of €1,016,032 and net liabilities of €1,147,804.