EX-99.1 2 d932885dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

MONTAUK RENEWABLES, INC.

Incorporated in the United States of America

Company number: 85-3189583

NASDAQ share code: MNTK

JSE share code: MKR

ISIN: US61218C1036

(“Montauk Renewables” or the “Company”)

UNAUDITED CONSOLIDATED RESULTS

For the six months ended 30 June 2025

Dollar amounts presented herein are in United States Dollars

SALIENT FEATURES

 

            2025
Six months
Ended 30 June
     2024
Six months
Ended 30 June
     Percentage
change
 

Revenue

     ($‘000)        87 730        82 125        7

EBITDA

     ($‘000)        11 360        15 603        (27 %) 

Headline (loss)/ earnings

     ($‘000)        (4 008      1 601        (350 %) 

(Loss) / earnings per share

     ($)        (0.04      0.01        (500 %) 

Headline (loss) / earnings per common share

     ($)        (0.03      0.01        (400 %) 

Net asset value per common share

     ($)        1.78        1.80        (1 %) 

DECLARATION OF CASH DIVIDEND

The directors have resolved not to declare a final dividend to focus financial resources on the continued development of the Company’s operations portfolio.

USE OF NON-GAAP MEASURES

This report was prepared for the purpose of complying with the reporting requirements of the Johannesburg Stock Exchange and includes certain non-GAAP measures, such as headline earnings and headline earnings per common share, and related reconciliations.

Reconciliation of headline earnings

 

    

2025

Six months

Ended 30 June

    

2024

Six months

Ended 30 June

 
     Gross $‘000      Net $‘000      Gross $‘000      Net $‘000  

Net (loss) / income attributable to common shareholders

        (5 951         1 138  

Adjustments

           

Loss on disposal of plant and Equipment

     36        28        71        43  

Impairment of plant and equipment

     2 424        1 915        699        420  

Headline (loss) / earnings

        (4 008         1 601  

Basic and headline earnings per common share (US Dollars)

           

Earnings

 

     (0.04         0.01  

Headline earnings

        (0.03         0.01  

Weighted-average common shares outstanding (‘000)(1)

        142 875           142 028  

Diluted earnings per common share (US Dollars)

           

Earnings

        (0.04         0.01  

Headline earnings

        (0.03         0.01  

Weighted-average common shares outstanding for diluted (‘000)

        142 875           142 252  

 

(1)

The common share outstanding as of June 30, 2025 is as reported in the quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2025, filed with the Securities and Exchange Commission on August 6, 2025.

FORM 10-Q QUARTERLY REPORT and FORM 8-K CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934, Montauk Renewables stockholders are advised that a Form 10-Q and Form 8-K has been filed with the SEC. The Form 10-Q disclose the quarterly results and related disclosures for the quarterly period ended 30 June 2025. The Form 8-K discloses the press release announcing the quarterly results for the second quarter ended 30 June 2025.

A copy of the Form 10-Q can be found at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1826600/000095017025104181/mntk-20250630.htm

A copy of the Form 8-K can be found at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1826600/000095017025104161/mntk-20250806.htm

DIRECTORS’ STATEMENT

This short-form announcement is the responsibility of the Company’s Board of Directors.


The financial information is only a summary and does not contain full details of the financial results. Any investment decisions by investors and/or shareholders should be based on information contained in the full announcement, accessible from August 7, 2025, via the JSE link (https://senspdf.jse.co.za/documents/2025/jse/isse/MKRE/HY25.pdf). The full announcement is also available at the Company’s registered office and may be requested at info@montaukenergy.com free of charge to investors and/or shareholders, during office hours (09:00—17:00) from Mondays to Fridays.

August 7, 2025    

Directors: JA Copelyn (Chairman)*###, SF McClain (Chief Executive Officer)#,

MH Ahmed*###, TG Govender*###, J Cunningham*#, Y Shaik* ###

 

*

Non-executive; #United States of America; ### Republic of South Africa

Company secretary: J Ciroli

Registered office: 5313 Campbells Run Road, Suite 200, Pittsburgh, PA 15205

Website: https://ir.montaukrenewables.com/

Montauk Renewables is primary listed on the Nasdaq and secondary listed on the JSE.

Sponsor:

Investec Bank Limited