AFYREN raises €7 million through share capital increase to support its industrial deployment

25 February 2026

Press release

Clermont-Ferrand/Lyon, February 25, 2026, 5:45 pm CET – AFYREN, (the “Company”), a greentech company offering manufacturers bio-based, low-carbon ingredients through a unique fermentation technology based on a circular model, announces today the completion of a capital increase of €7 million (the “Capital Increase”) subscribed by the funds managed by Odyssée Venture, a long-standing player in private equity and a French specialist in growth companies.

• – AFYREN welcomes several funds managed by Odyssée Venture, a long-term investor specializing in French growth companies, as new shareholders to support its industrial deployment
• – Strengthening of AFYREN’s equity at a key moment, marked by the ramp-up of production at its AFYREN NEOXY plant and strategic discussions regarding its shareholder structure

The issue price of €2.55 per share represents a 10.7% discount over the Volume Weighted Average Price of AFYREN shares over the 5 trading days prior to the determination of the issue price – from February 18 to February 24, 2026 (the “5-day VWAP”) and a 6.3% premium over the issue price of the November 26, 2025, capital increase.

Nicolas SORDET, Chief Executive Officer of AFYREN, stated: “We are pleased to welcome the funds managed by Odyssée Venture, a recognized French private equity player, as new shareholders. The equity raised gives us additional strategic flexibility at an important moment in our growth trajectory.”

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