REG - Eco Buildings Group - Senegal JV Progression to Implementation Phase

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RNS Number : 4360U  Eco Buildings Group PLC  26 February 2026

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

26 February 2026

 

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

Senegal Joint Venture Progression to Implementation Phase

Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular
construction company specialising in sustainable GFRG-based building systems,
is pleased to provide a further update on its strategic joint venture in
Senegal with Eco Buildings' local partner, G2 Invest Group ("G2", together the
"JV").

Advancement to Next Stage of Investment and Deployment

Following continued strategic engagement with G2, the Company is pleased to
confirm that the parties have formally agreed to progress to the next stage of
implementation of the Senegal manufacturing and housing programme.

Under the structure for the new production line in Senegal, G2's 35% equity
stake in the JV equates to a capital contribution of €1.75 million, which
has now been allocated into the JV subsidiary, Eco Buildings Senegal LLC. As
previously announced by the Company in 2025, this payment is intended to
support the operational scaling of Eco Buildings Senegal LLC and is designated
for the establishment of a local manufacturing production line and the
delivery of in-country project deployment. The contribution fulfils G2's
agreed equity commitment in full and marks a significant milestone in the JV's
development, aligning both parties ahead of operational deployment.

Mobilisation of Production Line

The Company is pleased to announce that the mobilisation process for the new
Senegal-based production line has now commenced. The facility will be
dedicated to fulfilling Senegalese housing demand under the previously
announced framework.

The Company confirms that the engagement with its EPC contractor has formally
begun, initiating the engineering, procurement and construction planning
process for the deployment of the manufacturing line.

Show House Deployment for Final Government Approval

As part of the agreed next phase, the JV will proceed with the shipment and
installation of a fully constructed Eco Buildings show house in Senegal.

The show house will be fully funded by the local partner and is intended to
support final governmental approvals and facilitate the formalisation of
programme roll-out. This step represents a key commercial and regulatory
milestone toward large-scale delivery.

 

For more information contact:

Eco Buildings Group plc

Fiona Hadfield, Finance Director

Tel: +44 (0) 207 380 0999

 

Spark Advisory Partners Limited (Nominated Adviser)

Matt Davis / James Keeshan

Tel: +44 (0) 203 368 3550

 

Tavira Securities Limited (Broker)

Oliver Stansfield / Jonathan Evans

Tel: +44 (0) 203 192 1739

 

CMC Capital Markets (joint Broker).
                     Tel: +44 (0) 203 003 8632

Douglas Crippen

 

About Eco Buildings Group plc

Eco Buildings Group plc is a UK-listed innovator in prefabricated,
green-housing technology. Its modular systems, based on proprietary GFRG wall
panels, serve both affordable and high-end markets, combining cost efficiency,
rapid deployment and sustainability. The Group continues its international
expansion with established partnerships and manufacturing initiatives across
Europe, Africa and Latin America.

Further information: www.eco-buildings.net (http://www.eco-buildings.net)

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