REG-ADM Energy Plc: Corporate Update

Adm EnergyAnnouncement

30/12/2025 07:02

30 December 2025

ADM Energy PLC

("ADM" or the "Company")

Corporate Update

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, provides the following update in relation to its financing, business
operations and its continued suspension.

Further to the announcement of 2 October 2025, in which the Company noted it
was in advanced discussions with a number of parties in relation to both
short- and long-term financing opportunities, the Company is now pleased to
advise that these discussions have progressed well and the Company is
optimistic will conclude shortly (“Financing Discussions”). On the basis
of the Financing Discussions concluding, it is expected that a strategic
investor will invest directly in a certain of the Company’s investee
companies to assist with, inter alia, its continued development and expansion.

In preparation for completion of the Financing Discussions, a new wholly owned
subsidiary of the Company, Vega Energy USA, Inc. (“VEUSA”), a Texas
corporation, has been incorporated.

In parallel with completion of the Financing Discussions, the Company, through
VEUSA, has also incorporated Eco Oil Disposal, LLC (“Eco Oil”), an
Oklahoma limited liability company, for the purposes of restructuring its
relationship with, and economic interest in, the reclamation business, JKT
Reclamation, LLC (“JKT”) in Wilson, Oklahoma. The Company expects that the
restructuring of matters related to its interest in the reclamation business
will be concluded contemporaneously with the Financing Discussions.

Operationally, JKT has seen substantial improvement in the second half of
2025. Mr. Freddy Nixon has been appointed as the manager of the Wilson,
Oklahoma facility and will be appointed Chief Executive Officer of Eco Oil
from 1 January 2026. Under the leadership of Mr. Nixon, the facility has
averaged approximately US$71,000 per month of revenue for the five month
period July 2025 to November 2025 versus approximately US$30,000 per month in
2024 (excluding months in which the facility was shut-down for operational and
technical repairs).

In the announcement on 2 October 2025, the Company advised that it was
carefully monitoring its cash position, following low levels of cash flow, and
as such, limited funds being returned to the Company by its investee companies
in order to                              support the Company’s ongoing
operations. Although the Board of the Company remains confident regarding the
Financing Discussions, there is no certainty that these will materialise, and
in this instance the Board will need to carefully consider the Company’s
financial position and solvency. As such the Board of the Company continues to
explore additional structured solutions and will continue to hold discussions
with key stakeholders to manage the financial position of the Company.

Additionally, further to the above and to the announcement of 2 October 2025,
the Company announces it now expects to be in a position to publish its Annual
Report and Financial Statements for its financial year ended 31 December 2024
("2024 Annual Report") and its Half-year report for the six months ended 30
June 2025 ("2025 Half-year Report") by 31 January 2026.

Pursuant to Rule 19 of the AIM Rules for Companies, trading in the Company's
ordinary shares on AIM will remain suspended pending publication of its 2024
Annual Report and its 2025 Half-year Report.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

Enquiries:

 ADM Energy plc                                  +1 214 675 7579   
 Randall Connally, Chief Executive Officer                         
 www.admenergyplc.com                                              
                                                                   
 Cairn Financial Advisers LLP                    +44 207 213 0880  
 (Nominated Adviser)                                               
 Jo Turner / Liam Murray / Ed Downes                               
                                                                   
 Novum Securities Limited                        +44 207 399 9400  
 (Broker)                                                          
 Gavin Burnell / Colin Rowbury                                     
                                                                   
 ODDO BHF Corporates & Markets AG                 +49 69 920540    
 (Designated Sponsor, Frankfurt Stock Exchange)                    
 Michael B. Thiriot                                                

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with investments including a 100% interest in Vega Oil and Gas, LLC
(“Vega”) and through Vega holds a 25% carried working interest in the
Altoona Lease, California (“Altoona”); a 41.4% economic interest in JKT
Reclamation, LLC (“JKT”); a 42.2% economic interest in OFX Technologies,
LLC (www.ofxtechnologies.com) (“OFXT”), and through OFXT holds 100% of
Efficient Oilfield Solutions, LLC (“EOS”); and, a 9.2% profit interest in
the Aje Field, part of OML 113, which covers an area of 835km² offshore
Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in the
Turonian, Cenomanian and Albian sandstones with five wells drilled to
date.  

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be,
forward-looking statements. Forward looking statements are identified by their
use of terms and phrases such as "believe", "could", "should", "envisage'',
"estimate", "intend", "may", "plan", "potentially", "expect", "will" or the
negative of those, variations or comparable expressions, including references
to assumptions. These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations, performance,
future capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business prospects and
opportunities. Such forward-looking statements reflect the Directors' current
beliefs and assumptions and are based on information currently available to
the Directors.



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