RBR Group Raises $1.3M, Secures LNG Tenders and Strategic MOU in Mozambique
RBR Group Limited completed a $1.3 million capital raise and strengthened its position in Mozambique’s LNG sector through key tender submissions and a strategic partnership with Field Ready—Getenergy group.
- Completed $1.3 million capital raising program in Q1 2025
- Submitted tenders for major camp construction projects linked to Total Energies and ENI LNG developments
- Signed binding Memorandum of Understanding with Field Ready—Getenergy group to enhance training and local employment capabilities
- Generated $252k revenue despite operational disruptions from protests and weather
- Partially repaid $375k of convertible debt and advanced Temane accommodation and training facilities
Capital Raising and Financial Position
RBR Group Limited has successfully completed a capital raising program initiated in December 2024, securing $1.3 million in fresh equity during the first quarter of 2025. This injection of funds has allowed the company to partially repay $375,000 of its convertible debt and bolster working capital, addressing some of the capital constraints that have challenged the group in recent years. At the end of the quarter, RBR reported a cash balance of $538,000, with an estimated funding runway of just over two quarters, underscoring the importance of upcoming contract wins and operational cash flow improvements.
Strategic Tender Submissions in Mozambique LNG Projects
RBR’s operational focus has pivoted towards securing in-country alliances and tender opportunities directly tied to Mozambique’s burgeoning LNG sector. The company’s subsidiary, Projectos Dinamicos, has submitted significant tenders for camp construction projects, including a 3,000-person camp for Total Energies on the Afungi Peninsula and an onshore base for ENI’s expanding FLNG project in Pemba. These tenders align with the recent uptick in activity following the easing of force majeure declarations and renewed government support for LNG developments in the region.
Partnership with Field Ready, Getenergy Group
A key highlight of the quarter was the execution of a binding Memorandum of Understanding with the UK-based Field Ready, Getenergy group. This alliance provides RBR with access to a web-based learning platform aimed at improving youth employability skills and managing government-industry training alliances. Field Ready’s established contracts with major LNG operators such as ExxonMobil and SASOL in Mozambique position RBR to enhance its workforce readiness and local content delivery, critical factors in winning and executing LNG project contracts.
Operational Challenges and Revenue Generation
Despite the positive momentum, RBR’s operations faced headwinds from local political protests following national elections and adverse seasonal weather, which subdued activity levels across Mozambique. Nevertheless, the company generated $252,000 in revenue from payroll and administration services through its Futuro Group subsidiary and rental income from tenants at its Temane-based Shankara Village accommodation and training facilities. The ongoing development of these facilities, including leisure amenities, reflects RBR’s commitment to supporting LNG project workforce needs.
Outlook and Market Positioning
Executive Chairman Ian Macpherson expressed cautious optimism about the near-term prospects, citing the lifting of force majeure on Total Energies’ project and the progression of Exxon’s Rovuma LNG and ENI’s Coral Sul and Coral Norte projects. The company’s strengthened capital base, strategic partnerships, and tender pipeline position it well to capitalize on Mozambique’s LNG sector revival. However, the timing and success of tenders, ongoing local disruptions, and funding sufficiency remain critical factors to monitor.
Bottom Line?
RBR’s strategic moves and capital boost set the stage for growth, but tender outcomes and local conditions will test its resilience.
Questions in the middle?
- Will RBR secure the major camp construction contracts with Total Energies and ENI?
- How will ongoing political and weather disruptions in Mozambique impact project timelines and revenues?
- Is RBR’s current funding sufficient to sustain operations until tender awards and contract commencements?
