Slide 1: Interim Results
March 2026 Interim Results Peter Borup, CEO
Slide 2: Disclaimer
Disclaimer This document ("Presentation") has been prepared by Quadrise plc (“Quadrise”, “QED” or the "Company"). Where used in this document, Presentation shall mean and include the slides that follow, any oral presentations of the slides or talks given by the Company's officers in connection with
Slide 3: Strategic Challenges
Strategic Challenges Key Priorities Maximising potential • Finalising MSC & OCP trial • Diversifying bio-feedstock options. agreements, commencing trials. • Developing technology use-cases. • Scaling up refinery and feedstock • Using data, modelling and AI to supply engagement. accelerate developmen
Slide 4: Sharpening our focus
Sharpening our focus Enhanced project management discipline: • Rigorous project and partner viability assessment (e.g. Euthenia, BTG Bioliquids). • Accelerated decision-making to prioritise value-creation opportunities. • Active management of internal bandwidth to protect core priorities. Outsourcin
Slide 5: Regulatory update
Regulatory update Adoption of Net- Zero Framework at MEPC83 delayed • IMO failed to adopt MEPC83 in Oct 2025, decision delayed due to political disagreement on carbon pricing level, revenue redistribution and equity (Global South vs OECD). • Broad agreement amongst ship owners of the benefits of a l
Slide 6: What does this mean for Quadrise?
What does this mean for Quadrise? With Marineor without market is Our clients operate in rapidly changing markets: MEPC83 focused the next on price • Significant geopolitical transition. maritime competitive fueldelivery • Exponential technologies. • Regulatory regionalization. is still distant. Tra
Slide 7: Strategic actions: Marine Roll-out
Strategic actions Marine Roll-out • Trilateral and bilateral agreements: Updated framework agreed, details now being resolved (e.g. VAT, T&Cs). • Accelerated plans for feedstock scalability. • Equipment installation, commissioning & site set-up to follow agreement signatures*. • ISCC certification,
Slide 8: Strategic actions: Morocco OCP
Strategic actions • Positive in-person meeting held with OCP to resolve final issues in Morocco. • Updated trial agreement underway, detailing trial at an alternative OCP location that does not require OEM input*: • Agreement will constitute an Operational Board with senior level OCP and QED input,
Slide 9: Strategic actions: USA
Strategic actions • Valkor has paid the revised first instalment to Quadrise (US$ 50k) with second $300k invoice sent and due end Q1. • Representative samples for Quadrise testing and marketing now being collected and due early Q2 2026. • 500bpd oil sands pilot plant is now planned by Valkor to be o
Slide 10: Strategic actions: Panama Sparkle
Strategic actions • Successful trial with Sparkle Power in July 2025 on Everllence (MAN) 4-stroke diesel engines. • 1,000bpd starting demand at Sparkle with potential 12,000bpd from other regional power plants. • Fuel permitting process with Panamanian authorities underway. • Discussions with region
Slide 11: Strategic actions
Strategic actions • Testing new biofuels & bio-surfactants for bioMSAR / Zero. • bioMSAR engine testing at new facilities in Germany. • Emulsion fuel research collaboration with University of Bath. • Collaborations ongoing with technology companies to explore and unlock new renewable feedstocks: • S
Slide 12: bioMSAR offers a flexible platform
bioMSAR offers a flexible platform bioMSAR has been successfully produced using Tyre Pyrolysis Oils Working with Licella to Blending tests at QRF with Methyl Esters incorporate HTL bio-oil have been successful. Tests completed Cashew nut at Aquafuel using up to FAME B100 in into bioMSAR shell liquid
Slide 13: Financial results
Financial results Six months to 31 December 2025 Loss after tax of £2.0m (2024: £1.7m) Loss per share for the period of 0.10p (2024: 0.10p) Cash balance 31 Dec 2025 of £4.0m (2024: £1.4m) Cumulative tax losses of £68.0m potentially available for set-off against future profits. (2024: £64.7m) £ Leadi
Slide 14: Team update
Team update Recalibrating the Quadrise team • Michael Covington Over 30 years in investment banking and private equity leadership across energy, fuels, infrastructure, renewables and industrial technology. • Matthew Hyde Over 30 years in refining (BP, Castrol) focusing on economics, trading, margin
Slide 15: Outlook…
Technology Projects Resources Uncertain regulatory and Continued focus on the Highly experienced geopolitical environment successful execution of management team which has continues to support the the MSC and Cargill trial. been further strengthened. adoption of our technology. • Aligned with IMO/EU
Slide 16: Thank you
March 2026 Thank you Peter Borup, CEO