Drawdown and Funding Update

EQTEC PLC

23 December 2025

 

23 December 2025

EQTEC plc

("EQTEC" or the "Company")

Drawdown and Funding Update

EQTEC plc (AIM: EQT), a provider of syngas technology and engineering services for the clean conversion of waste into sustainable energy and biofuels, announces that it has agreed with its lenders to extend the maturity date of its convertible loan and has drawn down an additional £75,000 under the convertible loan facility ("CLF") announced on 24 October 2025.

As announced on 24 November 2025, the Company is engaged in ongoing discussions with its existing lenders and its significant shareholder, Rebel Ion Limited, regarding its current debt position and potential future funding solutions. While these discussions continue, the Company has agreed with the existing lenders a further extension of the maturity date of the £0.7 million convertible loan to 28 February 2026. The Company cautions that while discussions with all lenders and stakeholders remain constructive, there can be no certainty that a funding package will ultimately be concluded.

As previously announced on 24 November 2025, the Company requires additional funding to meet its short-term working capital obligations. Accordingly, the Company has drawn down a further £75,000 gross under the CLF while it continues to explore strategic funding options. The parties have agreed that the draw down fee shall be retained from the gross funds drawn. The Company's actions to conserve cash whilst discussions continue, together with the drawdown from the CLF, has further extended the Company's cash runway and it is now forecast to last, with the continued support of creditors, until the end of February 2026, in line with the extension of the convertible loan. The Company will update shareholders as appropriate.

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

ENQUIRIES  

EQTEC plc  James Parsons	[phone]
Strand Hanson - Nomad & Financial Adviser  James Harris / Richard Johnson	[phone]
Global Investment Strategy UK Ltd - Broker   Samantha Esqulant	[phone]

About EQTEC 

EQTEC is one of only a few circular economy technology providers able to address the dual challenges of growing quantities of global waste and the growing demand for energy and biofuels. EQTEC cleanly converts waste into a range of valuable commodities that support new energy and industrial infrastructure. With one of the world's most experienced thermochemical conversion technology and engineering teams, EQTEC provides bespoke waste management and new energy solutions through best-in-class innovation, infrastructure engineering and value-added services for developers, owner-operators and industrials.

EQTEC's end-to-end process solutions are in demand from around the world with highly efficient equipment that is modular and scalable from three tonnes of waste per hour. Its versatile solutions process dozens of varieties of feedstock, including plastics, mixed municipal waste, industrial waste and other non-recyclables, all with no hazardous or toxic emissions, producing a wide range of valuable commodities including synthesis gas ("syngas") electricity, heat and steam, synthetic natural gas, hydrogen, liquid fuels or other chemicals.

The Company is quoted on the London Stock Exchange's Alternative Investment Market (AIM) (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which recognises listed companies with 50% or more of revenues from environmental/green solutions.

Further information on the Company can be found at www.eqtec.com. 

 

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