RENX

Microtec UTM 1200 Turbo Mill in Transit to Myakka City for Second-Half 2026 Commissioning; Land Clearing Division Launched with First Purchase Order; Two Primary Operating Segments Delivering Sequential Revenue Growth MIAMI, FL / ACCESS Newswire / August 13, 2026 / RenX Enterprises Corp. (NASDAQ:RENX) announced financial results for the three and six months ended June 30, 2026. The second quarter included three significant achievements: (i) record revenue, with the Company's two primary operating segments delivering sequential revenue growth, (ii) a second consecutive profitable quarter at the Logistics segment, and (iii) decisive progress on the Microtec UTM 1200 Turbo Mill, the initiative management believes will be the most significant driver of the Company's business through 2027 and beyond. The mill, the centerpiece of the Company's engineered substrate strategy, shipped from Germany and is now in transit to the Myakka City facility, where foundations, utility infrastructure, and supporting fabrication have been advancing throughout the summer. The Company also recapitalized certain of its legacy debt, as detailed below. "The second quarter gave us certain of the proof points we were building toward: record revenue, our two primary segments growing, and a second consecutive profitable quarter at the Logistics segment," said David Villarreal, Chief Executive Officer of RenX Enterprises. "With the Microtec mill on the water and site preparation well advanced, the second half of 2026 will be about execution: landing the mill, commissioning it, and converting the throughput of our Myakka City platform into engineered substrate at meaningfully higher margins. The launch of our land clearing division shows how we intend to grow, with services that pay us on both sides of the transaction and feed the platform at the same time." Second Quarter 2026 Financial Highlights Record consolidated revenue of $4.26 million, up approximately 7.5% quarter-over-quarter from $3.96 million and the highest quarterly revenue in the Company's history, with gross profit of $1.36 million at a 31.9% gross margin. First-half 2026 revenue reached $8.21 million at a 32.7% gross margin. Logistics segment operating income nearly tripled to $258 thousand, with 6.5% sequential revenue growth, producing the segment's second consecutive quarter of positive operating income and net income. Segment Adjusted EBITDA, a non-GAAP measure reconciled below, grew approximately 45% quarter-over-quarter to $523 thousand. Compost Sales segment revenue grew approximately 10.6% quarter-over-quarter to $1.05 million at a gross margin above 60%. The segment, which the Company operates as its Compost Sales business, was led by sales of compost, engineered soils, and mulch moving through the summer demand cycle and by the land-clearing service line introduced earlier this year. Net loss narrowed to $8.0 million from $9.3 million in the first quarter, with the second quarter loss including approximately $3.8 million of non-cash items, principally the one-time loss on the exchange of a legacy debt obligation into preferred equity and warrants, and non-cash amortization of debt discounts and issuance costs recorded within interest expense. Consolidated EBITDA, a non-GAAP measure reconciled below, improved to $(4.4) million from $(7.2) million in the first quarter. Cash increased to $2.16 million at June 30, 2026, from approximately $54 thousand at December 31, 2025, and stockholders' equity rose to $7.0 million from $4.4 million. Microtec Program Update The Microtec UTM 1200 Turbo Mill program moved from the planning stage into physical execution during and after the quarter. As announced on June 25, 2026, the Company booked ocean freight for the mill while site crews began clearing and grading the installation area at Myakka City. Through the summer, the Company established the compacted sub-base and reinforced concrete foundations for the equipment, funded the utility transformer installation, and continued fabrication of supporting system components with its equipment partners. On August 11, 2026, the Company announced that the mill had departed Germany and is on the water, with live vessel tracking made available to shareholders, and with U.S. arrival expected in the third quarter of 2026. Commissioning remains on track for the second half of 2026. The UTM 1200 is a high-efficiency milling and processing technology designed to enhance the throughput and output quality of the Company's existing organics processing operations, including the production of engineered soils and mulch products, with Phase 1 deployment targeted for the second half of 2026, which is expected to meaningfully expand processing capacity at Myakka City. Management believes the mill is the Company's most significant margin catalyst, unlocking production of locally manufactured engineered substrate at gross margins meaningfully above the Company's current blended margin. Once the installation is complete, the mill will operate at the center of an integrated campus that combines organics processing, advanced milling, blending, and in-house logistics on a single permitted 80+ acre site. Management believes this combination will make Myakka City one of the few facilities in the United States capable of taking raw organic material through to precision-milled, specification-grade growing media in one location, replacing mined and imported inputs with locally produced substrate. There can be no assurance that the UTM 1200 system will be deployed on the anticipated timeline or that it will perform as expected upon installation. As previously announced, the Company will continue to work with its advisor, Robert Jacobson, on discussions with prospective bulk purchasers of the engineered substrate as commissioning advances. Land Clearing Division Launch and First Purchase Order Subsequent to quarter end, on July 28, 2026, the Company launched its land clearing division and secured its first purchase order from Frederick Derr & Company, a Sarasota area site development contractor, covering clearing and grubbing services for a residential community development in the Lakewood Ranch area of Manatee County, a short haul from the Company's Myakka City facility. The division earns service fees for the clearing work, and the material the Company hauls off site is delivered into the Myakka City platform as low-cost processing feedstock rather than into a landfill, with the volume of recovered material varying by project and customer requirements. The land-clearing service line contributed revenue in both the first and second quarters ahead of the division's formal launch, and work under the new purchase order is expected to commence in the third quarter of 2026. Recapitalization of Certain Legacy Debt During the quarter, the Company recapitalized a legacy $7.2 million debt obligation by exchanging the obligation for shares of Series C Convertible Preferred Stock and warrants in a non-cash transaction. In addition, the Company's derivative liability was effectively eliminated, and substantially all outstanding shares of Series B Convertible Preferred Stock were converted into common stock during the first quarter of 2026, with a de minimis number of shares remaining outstanding. Looking Forward The Company's priorities for the second half of 2026 build directly on the second quarter's progress. For the Logistics segment, the focus is extending the profitability streak by growing utilization and margin on contracted activity, including the service agreement renewals extending through 2028 that were announced with the Company's first quarter results. For the Compost Sales segment, the focus is scaling sales of materials while ramping the land clearing division, and over time internalizing a greater share of the segment's transportation spend through the Company's own Logistics fleet. Above all, the focus is receiving, installing, and commissioning the Microtec UTM 1200 Turbo Mill, which management believes will allow the Company to begin producing and selling locally produced engineered substrate and meaningfully expand the segment's product mix. The third quarter will center around the arrival and installation of the Microtec mill, with the revenue contribution from engineered substrate expected to follow commissioning. The land clearing division, whose activity follows construction schedules rather than planting seasons, is expected to moderate the seasonality of the segment's sales of materials over time. The Company also continues to advance the monetization of its legacy real estate assets to support the operating platform. Segment-Level EBITDA and Adjusted EBITDA Reconciliation (Non-GAAP) The following table presents EBITDA and Adjusted EBITDA for each of the Company's Compost Sales and Logistics segments for the three months ended June 30, 2026 and March 31, 2026, in each case reconciled to net income (loss) of the applicable segment. EBITDA and Adjusted EBITDA for each of the Company's Compost Sales and Logistics segments are non-GAAP measures. Totals may not foot due to rounding. The Logistics segment generated net income of $36 thousand, its second consecutive profitable quarter on a GAAP basis, and segment Adjusted EBITDA of $523 thousand grew approximately 45% from $360 thousand in the first quarter, reflecting higher utilization on contracted hauling activity. The Compost Sales segment recorded a net loss of $1.36 million, which includes a $157 thousand non-cash inventory valuation adjustment recorded in June 2026. Segment Adjusted EBITDA also reflects continued investment in operating capacity ahead of Microtec commissioning and an expanded use of third-party subcontracted transportation to support the segment's volume growth, a cost category the Company expects to reduce over time by internalizing hauling through its Logistics segment. Segment figures are presented after intercompany eliminations, consistent with the segment disclosures in the Company's Quarterly Report on Form 10-Q. Consolidated Adjusted EBITDA Reconciliation (Non-GAAP) The following table reconciles consolidated net loss to consolidated Adjusted EBITDA for the three months ended June 30, 2026 and March 31, 2026. Adjusted EBITDA is a non-GAAP measure. Net loss is the most directly comparable GAAP measure. The complete condensed consolidated financial statements are included in the Company's Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026. Totals may not foot due to rounding. Non-GAAP Financial Measures This earnings release includes certain financial measures that are not prepared in accordance with generally accepted accounting principles (GAAP). These non-GAAP financial measures are performance measures that are not defined under GAAP and should be considered in addition to, and not as a substitute for, the most directly comparable GAAP measures. They may also not be comparable to similarly titled measures reported by other companies. Management believes that presenting these non-GAAP financial measures provides useful supplemental information that facilitates comparison of the Company's operating results and trends and offers transparency into how management evaluates the business. Management uses these measures in making financial, operating, and planning decisions and in evaluating the Company's performance. Excluding items that management does not consider reflective of ongoing operating results improves the comparability of year-over-year results and helps investors better understand the Company's underlying performance. These adjustments may include items such as stock-based compensation, acquisition expenses, non-recurring expenses and other items that management believes are not related to the Company's ongoing performance. The adjustments reflected above are presented on a pre-tax basis and are not presented net of tax; the Company recorded no income tax expense in the periods presented, and accordingly the adjustments have no associated income tax effect. About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company's platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX's core operations are anchored by a permitted 80+ acre organics processing facility in Myakka City, Florida. At this facility, the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core technology-driven environmental processing platform. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact may be deemed forward-looking, including statements regarding the Microtec UTM 1200 Turbo Mill arriving in the United States in the third quarter of 2026 and commissioning remaining on track for the second half of 2026; management's belief that the Company's Microtec UTM 1200 Turbo Mill initiative will be the most significant driver of the Company's business through 2027 and beyond; the mill being the Company's most significant margin catalyst and unlocking production of locally manufactured engineered substrate at gross margins meaningfully above the Company's current blended margin; Phase 1 deployment meaningfully expanding processing capacity at Myakka City; converting the throughput of the Myakka City platform into engineered substrate at meaningfully higher margins; the Myakka City facility becoming one of the few facilities in the United States capable of taking raw organic material through to precision-milled, specification-grade growing media in one location and replacing mined and imported inputs with locally produced substrate; the Company continuing to work with Mr. Jacobson on discussions with prospective bulk purchasers of the engineered substrate as commissioning advances; work under the new Frederick Derr & Company purchase order commencing in the third quarter of 2026; land clearing work commencing and the land clearing division moderating the seasonality of the Compost Sales segment's materials sales over time; extending the Logistics segment's profitability streak by growing utilization and margin on contracted activity; scaling sales of materials while ramping the land clearing division; internalizing a greater share of the Compost Sales segment's transportation spend through the Company's own Logistics fleet; the third quarter centering around the arrival and installation of the Microtec mill, with the revenue contribution from engineered substrate expected to follow commissioning; beginning to produce and sell locally produced engineered substrate and meaningfully expanding the segment's product mix; moving beyond traditional waste-to-value operations and manufacturing engineered growing media with repeatable quality and defined specifications; and monetizing the Company's portfolio of legacy real estate assets to fund its core platform. Forward-looking statements are based on assumptions and analyses made by management in light of historical experience, current conditions, and expected future developments. Important factors that could cause actual results to differ materially from current expectations include the Company's ability to receive, install, and commission the Microtec UTM 1200 on the timeline anticipated, including shipping, customs, construction, and integration risks; the Company's ability to scale throughput and expand its customer book; the Company's ability to maintain adequate liquidity and working capital, including its ability to satisfy, extend, or refinance debt maturities, and to continue as a going concern; the Company's ability to maintain its Nasdaq listing; the Company's reliance on third-party technologies, partners, and customers; the availability and cost of feedstock and other inputs; market acceptance of engineered growing media and bulk materials products; general economic and market conditions, including those resulting from geopolitical events; and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements except as required by law. For Media and IR inquiries please contact: [email protected] SOURCE: RenX Enterprises Corp. View the original press release on ACCESS Newswire

MYAKKA CITY, FL, June 02, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (“RenX” or the “Company”) today reported a record delivery quarter at its Myakka City, Florida facility, operated by wholly owned subsidiary Resource Group US Holdings LLC (“Resource Group”). In the first quarter of 2026, Resource Group delivered 65,572 cubic yards of finished mulch, compost, and wood products, approximately 57% more than the prior quarter and its highest quarterly total since RenX acquired the operation in June 2025. Separately, an independent drone survey conducted on April 2, 2026 by Blue Nose Aerial Imaging of Tampa Bay measured approximately 184,700 cubic yards of material on-site at the permitted 80-plus-acre facility. The survey is a third-party verified, point-in-time snapshot of inventory and is not a measure of throughput or production capacity. “A record delivery quarter combined with a consistent independently surveyed inventory base, is exactly the kind of operating proof point we want investors to see,” said David Villarreal, Chief Executive Officer of RenX Enterprises Corp. “This is material measured from the air, not from a spreadsheet.” About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company’s platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX’s  core operations are anchored by a permitted 80-plus-acre organics processing facility in Myakka City, Florida, where the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media.  The Company’s wholly owned subsidiary, Zimmer Equipment Inc., provides commercial hauling and heavy equipment logistics services for both internal material movement and third-party freight customers. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core platform. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding planned deployment of the Microtec UTM 1200 Turbo Mill; ZEI’s expanded industrial logistics relationships being an important component of the Company’s broader platform for generating diversified revenue across its operations; moving beyond traditional waste-to-value operations and manufacturing engineered growing media with repeatable quality and defined specifications; monetizing the Company's portfolio of legacy real estate assets to fund its core platform. Forward-looking statements are based on assumptions and analyses made by management in light of historical experience, current conditions, and expected future developments.  Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to deploy and commission its Microtec UTM 1200 mill on the timeline anticipated; the Company’s ability to maintain adequate liquidity and working capital; the Company’s ability to maintain its Nasdaq listing; the Company’s reliance on third-party technologies, partners, and customers; the availability and cost of feedstock and other inputs; market acceptance of engineered growing media and bulk materials products; general economic and market conditions, including those resulting from geopolitical events; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and its subsequent filings with the SEC. The Company undertakes no obligation to revise or update this press release. For Media and IR inquiries please contact: Nicolai Ayrton BruneChief Financial OfficerRenX Enterprises [email protected]

Comprising approximately $8.22 million in fiscal year 2025 consolidated revenue and approximately $3.96 million in first quarter 2026 consolidated revenue; high-processed wood mulch revenue more than doubled in the first quarter MIAMI, FL, May 21, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) ("RenX" or the "Company") today disclosed select first quarter 2026 operating detail for its Logistics segment (Zimmer Equipment, Inc.) and Biomass Recycling segment (Resource Group US Holdings LLC), complementing the consolidated financial results reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2026. Revenue Since June 2025 Acquisitions RenX has generated more than $11 million in consolidated revenue across the 15 months following the June 2025 acquisition of Resource Group US and Zimmer Equipment. As reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, fiscal year 2025 consolidated revenue was approximately $8.22 million, substantially all of which was generated following the June 2025 acquisition. As reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2026 and the Company's May 15, 2026 first quarter 2026 results release, first quarter 2026 consolidated revenue was approximately $3.96 million, reflecting sequential growth of approximately 20% versus the fourth quarter of 2025. Combining these two fully reported GAAP periods produces cumulative consolidated revenue exceeding $11 million across the first 15 months of the Company's post-acquisition operations. Logistics Segment The Logistics segment, consisting of Zimmer Equipment, Inc., achieved positive operating income and positive net income in the first quarter of 2026, compared to an operating loss and a net loss in the fourth quarter of 2025. Logistics segment revenue grew approximately 19% quarter-over-quarter in the first quarter, also as previously disclosed. The Company believes the segment's first quarter 2026 shift to positive net income reflects improved fleet utilization and route density on a substantially flat driver and equipment base. Biomass Recycling Segment Material Sales Mix In the Biomass Recycling segment, consisting of Resource Group US Holdings LLC, mulch revenue rose to approximately $400,000 in the first quarter of 2026 from approximately $205,000 in the fourth quarter of 2025, an increase of approximately 96% quarter-over-quarter. Within mulch, high-processed wood mulch revenue rose to approximately $140,000 from approximately $68,000, an increase of approximately 107% quarter-over-quarter. Compost revenue was approximately $89,000 in the first quarter, compared to approximately $108,000 in the prior quarter, a decrease of approximately 18%, consistent with product mix shift toward higher-value engineered outputs. About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company's platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX's core operations are anchored by a permitted 80+ acre organics processing facility in Myakka City, Florida. At this facility, the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core technology-driven environmental processing platform. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates; moving beyond traditional waste-to-value operations and manufacturing engineered growing media with repeatable quality and defined specifications; belief that by optimizing products for regional feedstocks and customer requirements, the Company can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets and monetizing the Company’s portfolio of legacy real estate assets to fund its core platform. . Important factors that could cause actual results to differ materially include customer demand variability, successful deployment of the Microtec system, fleet and equipment availability, fuel and labor cost variability, feedstock supply continuity, weather and seasonal factors, and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and its subsequent filings with the SEC. The Company undertakes no obligation to revise or update this press release. For Media and IR inquiries please contact:[email protected]

MIAMI, May 15, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (“RenX” or the “Company”) today announced financial results for the three months ended March 31, 2026. First quarter results from RenX's upgraded Myakka City platform are consistent with the operating model the Company described in its May 11, 2026 letter to stockholders. Key results include: consolidated revenue of $3.96 million, up approximately 20.5% quarter-over-quarter; the Logistics segment generated positive operating income and net income; approximately 44% quarter-over-quarter growth in the sale of materials (compost, engineered soils, and mulch) in the Biomass Recycling segment, and a new land-clearing service line in the Biomass Recycling segment contributed its first revenue in the quarter. With the upgraded platform operational, RenX enters the balance of 2026 positioned to scale throughput, expand its customer base, and advance the Microtec UTM 1200 Turbo Mill toward commissioning in the second half of the year. “Our first quarter results reflect the investments we have made in newer equipment and integrated operating capacity,” said David Villarreal, Chief Executive Officer of RenX Enterprises. “Zimmer Equipment's profitability demonstrates strong demand for our logistics services, and the materials production momentum at Resource Group US gives us confidence as we head into the spring and summer demand cycle and into Microtec commissioning.” First Quarter 2026 Highlights Consolidated revenue of $3.96 million, approximately 20.5% growth quarter-over-quarter from $3.28 million in Q4 2025. First full quarter of integrated operations on the upgraded Myakka City processing platform. Equipment brought in-house since late 2025, including the Komptech XL3 trommel, Diamond Z horizontal grinder, and Komptech Crambo shredder, was operating together for the first full quarter. Logistics segment generated positive operating income and net income with 18.7% revenue growth quarter-over-quarter. Sales of materials in the Biomass Recycling segment comprised of sales of compost, engineered soils and mulch, grew approximately 44% quarter-over-quarter. Customer base at the Logistics segment has continued to expand. As referenced in the May 11, 2026 letter to stockholders, the segment has entered into or renewed a number of contracts with leading counterparties, and while these arrangements do not require minimum purchase amounts, they position the segment well for future periods. For example, the segment renewed its service agreement through 2028 with one of the largest waste management companies in North America (a counterparty that contributed more than $3 million of segment revenue in 2025, on terms that include CPI escalators and a fuel surcharge), and added a Tampa green waste contract, a Sarasota commercial disposal agreement, and a new Florida hauling contract. Operational Highlights First quarter of operations on the upgraded Myakka City processing platform. The Komptech XL3 trommel screener with automated three-stacker conveyor system, deployed in March, operated alongside the Diamond Z horizontal grinder and Komptech Crambo shredder previously brought in-house. The integrated processing circuit supported the introduction of the new land-clearing service line and the continued ramp of the Company's bulk materials production. Zimmer Equipment Inc. capitalized on contracted hauling activity and delivered positive bottom-line results. Higher utilization across contracted hauling agreements, together with disciplined cost management, drove a 190 basis-point expansion in segment gross margin versus the fourth quarter of 2025 and produced positive operating income for the quarter. Microtec UTM 1200 Turbo Mill on track for second-half 2026 commissioning. Microtec commissioning remains an important catalyst for the Company in 2026, with meaningful engineering and integration progress continuing alongside vendors and the Company's turnkey integration partner. Looking Forward RenX is focused on three priorities for the balance of 2026. First, building on Logistics segment operating leverage by continuing to grow utilization and margin on contracted activity. Second, scaling the Biomass Recycling segment as sales of materials and the newly introduced service lines enter the spring and summer demand cycle. Third, advancing the Microtec UTM 1200 Turbo Mill through commissioning in the second half of the year, which the Company believes will allow it to begin producing and selling locally produced engineered substrate and meaningfully expand the Biomass Recycling product mix. As previously announced, the Company will continue to work with its advisor Robert Jacobson on prospective offtaker meetings for the engineered substrate as the Microtec commissioning advances. Together, these priorities are intended to compound the segment-level operating progress demonstrated in the first quarter. Segment-Level EBITDA and Adjusted EBITDA Reconciliation (Non-GAAP) The following table presents EBITDA and Adjusted EBITDA for each of the Company's Biomass Recycling and Logistics segments for the three months ended March 31, 2026, reconciled to net income(loss.) of the applicable segment. EBITDA and Adjusted EBITDA for each of the Company's Biomass Recycling and Logistics segments are non-GAAP measures. Consolidated Adjusted EBITDA Reconciliation (Non-GAAP) The following table reconciles consolidated net loss to consolidated Adjusted EBITDA for the three months ended March 31, 2026. Adjusted EBITDA is a non-GAAP measure. Net loss is the most directly comparable GAAP measure. The complete condensed consolidated financial statements are included in the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2026. Non-GAAP Financial Measures This earnings release includes certain financial measures that are not prepared in accordance with generally accepted accounting principles (GAAP). These non-GAAP financial measures are performance measures that are not defined under GAAP and should be considered in addition to, and not as a substitute for, the most directly comparable GAAP measures. They may also not be comparable to similarly titled measures reported by other companies. Management believes that presenting these non-GAAP financial measures provides useful supplemental information that facilitates comparison of the Company's operating results and trends and offers transparency into how management evaluates the business. Management uses these measures in making financial, operating, and planning decisions and in evaluating the Company's performance. Excluding items that management does not consider reflective of ongoing operating results improves the comparability of year-over-year results and helps investors better understand the Company’s underlying performance. These adjustments may include items such as stock-based compensation, acquisition expenses, non-recurring expenses and other items that management believes are not related to the Company’s ongoing performance. About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company's platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX's core operations are anchored by a permitted 80+ acre organics processing facility in Myakka City, Florida. At this facility, the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core technology-driven environmental processing platform. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact may be deemed forward-looking, including statements regarding the Company heading into the balance of 2026 being positioned to scale throughput, expand the customer base, and bring the Microtec UTM 1200 Turbo Mill toward commissioning in the second half of the year; being focused on three priorities for the balance of 2026; building on Logistics segment operating leverage by continuing to grow utilization and margin on contracted activity; scaling the Biomass Recycling segment as sales of materials and the newly introduced service lines enter the spring and summer demand cycle; the Microtec commissioning allowing the Company to begin producing and selling locally produced engineered substrate and meaningfully expand the Biomass Recycling product mix; continuing to work with Mr. Jacobson on prospective offtaker meetings for the engineered substrate as the Microtec commissioning advances; the Company’s priorities compounding the segment-level operating progress demonstrated in the first quarter; moving beyond traditional waste-to-value operations and manufacturing engineered growing media with repeatable quality and defined specifications; and monetizing the Company's portfolio of legacy real estate assets to fund its core platform. Forward-looking statements are based on assumptions and analyses made by management in light of historical experience, current conditions, and expected future developments. Important factors that could cause actual results to differ materially from current expectations include the Company's ability to scale throughput, expand its customer book, and deploy and commission the Microtec UTM 1200 on the timeline anticipated; the Company's ability to maintain adequate liquidity and working capital; the Company's ability to maintain its Nasdaq listing; the Company's reliance on third-party technologies, partners, and customers; the availability and cost of feedstock and other inputs; market acceptance of engineered growing media and bulk materials products; general economic and market conditions, including those resulting from geopolitical events; and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Report on Form 10-Q for the three months ended March 31, 2026, and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements except as required by law. For Media and IR inquiries please contact: [email protected]

Revenue expected to reflect sequential growth over the fourth quarter of 2025 MIAMI, FL, April 22, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. “RenX” (NASDAQ: RENX), a biomass recycling, logistics, and real estate company, today announced a business update and expected revenue for the quarter ended March 31, 2026. Preliminary Unaudited First Quarter 2026 Revenue On a consolidated basis, the Company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations. First quarter material sales at Myakka City, are expected to include processed mulch, compost, and engineered soil products, reflecting the sequential growth from the Company’s fourth quarter 2025. This growth is supported by strong customer demand for the Company’s high-processed mulch and engineered soil product lines. The Company continues to expand its commercial footprint at Myakka City as it scales the production of higher-value, specification-defined substrates. The Company’s Logistics segment, operated through its Zimmer Equipment Inc. (“ZEI”) operations, is also expected to report higher revenue for the first quarter of 2026 relative to the fourth quarter of 2025, supported by strong route utilization and continued hauling activity across its organic waste transportation network. ZEI continues to serve as the backbone of the Company’s integrated feedstock supply to Myakka City while generating third-party transportation revenue across its service footprint. The expected revenue disclosures contained in this press release are preliminary and unaudited. The Company’s independent registered public accounting firm has not conducted a review of the preliminary unaudited revenue disclosures set forth in this press release. Such estimates reflect management’s current expectations based on information available as of the date of this release and remain subject to the Company’s normal quarterly closing procedures, internal review, and review by the Company’s independent registered public accounting firm. Segment-level financial information, cost of revenue, operating expenses, and net loss for the quarter, together with other required disclosures, will be reported in the Company’s Quarterly Report on Form 10-Q. It is possible that the Company or its independent registered public accounting firm may identify items that require the Company to make adjustments to the preliminary estimate of revenue set forth in this press release. Actual results may differ from these preliminary expectations. Microtec UTM 1200 Turbo Mill Installation Progress During the first quarter of 2026, the Company continued to advance its Microtec UTM 1200 Turbo Mill installation program at the Myakka City facility, progressing across engineering, vendor contracting, and site preparation workstreams. As previously announced on March 26, 2026, the UTM 1200 has been completed at the Microtec manufacturing facility in Germany and is expected to ship to the Myakka City facility in April 2026. Phase 1 deployment of the UTM 1200 remains targeted for 2026. David Villarreal, Chief Executive Officer of RenX, said: “Our first quarter is expected to reflect meaningful commercial progress across our Biomass Recycling and Logistics operations, together with continued execution on the Microtec installation program. The expected sequential revenue growth in both segments, together with progress advancing the Microtec UTM 1200 toward installation, positions the Company well to move into active commissioning in the months ahead. We look forward to providing further updates as we advance toward production.” About RenX Enterprises Corp. RenX Enterprises Corp. is a biomass recycling, logistics, and real estate company operating a vertically integrated environmental services platform focused on the engineered soils, organic recycling, and bulk materials logistics industries. The Company’s platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach will allow RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX’s core operations are anchored by a permitted 80+ acre organics processing facility in Myakka City, Florida. At this facility, the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core technology-driven environmental processing platform. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and include, among others, statements regarding the Company’s expected first quarter 2026 revenue and anticipated sequential revenue growth; the expected growth reflecting anticipated stronger material sales at the Company’s Myakka City organics processing facility and a meaningful step-up in logistics revenue across the Company’s transportation operations; continuing to expand the Company’s commercial footprint at Myakka City as it scales the production of higher-value, specification-defined substrates; the Company’s Logistics segment expected higher revenue for the first quarter of 2026 relative to the fourth quarter of 2025, supported by strong route utilization and continued hauling activity across its organic waste transportation network; delivery of the UTM 1200 Turbo Mill being prepared for shipment to Myakka City, Florida, with delivery to the site expected in April 2026; targeting Phase 1 deployment of the UTM 1200 for 2026; the expected sequential revenue growth in both segments, together with progress advancing the Microtec UTM 1200 toward installation, positioning the Company well to move into active commissioning in the months ahead; providing further updates as the Company advances toward production; moving beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications; and monetizing the Company’s portfolio of legacy real estate assets to fund its core technology-driven environmental processing platform.. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, and expected future developments, as well as other factors the Company believes are appropriate in the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others, the completion of the Company’s quarterly closing procedures and the review of the Company’s independent registered public accounting firm; the Company’s ability to increase the production of higher-value, specification-defined substrates; the Company’s ability to deploy the Microtec system as planned; the Company’s ability to advance monetization initiatives across its legacy real estate asset portfolio; the Company’s ability to achieve cash flow positivity; the Company’s ability to maintain adequate liquidity and working capital; the Company’s ability to maintain its Nasdaq listing; the Company’s reliance on third-party technologies and partners; the availability and cost of feedstock and other inputs; customer demand and market acceptance of engineered growing media products; fuel and commodity pricing; general economic and market conditions; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and its subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. For Media and IR inquiries please contact: [email protected]

By Brian Lantier, CFA NASDAQ: RENX READ THE FULL RENX RESEARCH REPORT RenX Enterprises (NASDAQ: RENX) released its full-year results before the market opened on April 1, 2026. As a result of the company's acquisition of Resource Group in June 2025, it is now focused squarely on producing engineered soils, processing organic waste (composting), and providing logistics services for recyclables, organic waste, and municipal solid waste. Comparisons with previous quarters are not relevant for RenX because the company had virtually no revenue-generating operations prior to the acquisition of Resource Group in 2025; however, we can compare fourth-quarter results with our previously published model. Fourth Quarter Results We believe the company's compost business performed well in the quarter, with revenue of $1.1 million, exceeding our forecast of $532k. Given the significant equipment upgrades at the Myakka facility, it has been challenging to get a sense of the facility's normalized quarterly output, but we are certainly encouraged by these results, and they bode well for 2026. Compost sales were also up 42% sequentially, but again, it's unclear how much of this increase was due to demand versus simply an increase in operating time due to equipment upgrades. The company's logistics business – Zimmer Equipment – also exceeded our forecast, recording $2.2 million in sales, up from our estimate of $1.9 million, likely due to increased driver availability. While the actual results exceeded our forecast, we note that sales in the division were down 20% sequentially, likely due to restrictions on certain seasonal work visas that reduced the total available driver pool. The gross margin on compost sales was an impressive 57%, while the gross margin on logistics revenue was roughly as expected at around 14%. Given that compost sales accounted for a significantly larger share of the total group's revenue in Q4 and the gross margin on those sales was nearly 4 times the logistics gross margin, RenX's total gross margin in Q4 was 28.4%, roughly 100 basis points above our projections. We would note that in the footnotes to the company's year-end financial statements, RenX indicated that pro forma revenues for 2025, assuming the acquisition had occurred on 1/1/2024, were $15.2 million, a decline of $3.2 million, or 17%, from 2024's pro forma results. These results are likely the best indication of the company's true operating performance in 2025. There are several unknowns in our model but we have updated our EPS estimates to reflect the March 1-for-20 reverse split and now stand at $(5.86)/share in 2026 and $(3.48)/share in 2027. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives payments totaling a maximum fee of up to $50,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.