RBR Group Launches $650k Capital Raise Ahead of Mozambique LNG Restart
RBR Group Limited is strategically positioning itself to capitalise on the restart of major LNG projects in Mozambique, advancing joint ventures and raising capital to meet anticipated demand.
- Focus on labour and accommodation services in Mozambique amid LNG project restarts
- Advancement of Futuro-Field Ready joint venture for workforce training
- Share Purchase Plan launched to raise up to $650k for project mobilisation and debt reduction
- Board changes with appointment of Florence Drummond to enhance governance and ESG focus
- Operational revenues subdued but poised for growth as LNG construction resumes late 2025
Mozambique LNG Sector Set for Resurgence
RBR Group Limited (ASX – RBR) is strategically positioned to benefit from the anticipated restart of Mozambique’s multibillion-dollar LNG industry. After a prolonged pause due to regional security challenges, major projects led by TotalEnergies and ExxonMobil are gearing up to resume construction in the Cabo Delgado province, signalling renewed demand for skilled labour and infrastructure support.
The TotalEnergies Mozambique LNG project, valued at US$20 billion with a production capacity of approximately 13 million tonnes per annum, is expected to recommence activities as early as August 2025. Enhanced security measures and reinstated financing have paved the way for early-stage contractor mobilisations. Meanwhile, ExxonMobil’s Rovuma LNG project, targeting 18 million tonnes per annum, is progressing towards a final investment decision later this year, buoyed by the momentum from TotalEnergies’ restart.
RBR’s Integrated Service Offering
RBR’s operational focus remains on delivering skilled labour and accommodation services tailored to the LNG sector’s needs. The company’s Futuro Skills subsidiary, in partnership with the Field Ready joint venture, is advancing workforce training programs that include innovative virtual reality safety courses in Portuguese, scheduled for deployment in Mozambique imminently.
Complementing training efforts, RBR’s joint venture with Canvas & Tent, Projectos Dinamicos, continues to develop and manage workforce accommodation facilities, including the Shankara Camp & Village in Temane. These integrated services position RBR as a preferred partner for contractors and infrastructure providers as LNG projects ramp up activity.
Financial Position and Capital Raising
While operational revenues during the quarter remained modest, with $95,000 generated from payroll and rental income, RBR strengthened its balance sheet through a $233,000 insurance settlement related to prior asset losses. The company is actively preparing for increased demand by investing in infrastructure expansion and advancing its joint ventures.
To support project mobilisation, reduce convertible debt, and fund business expansion including new accommodation services in Australia, RBR has launched a Share Purchase Plan aiming to raise up to $650,000. The offer remains open until mid-August, reflecting management’s confidence in securing necessary capital to capitalise on upcoming opportunities.
Governance and Strategic Leadership
Post quarter, RBR announced a board change with the resignation of Non-executive Director Matt Worner and the appointment of Florence Drummond. Drummond brings extensive international experience in regional development, cross-cultural governance, and ESG strategy, aligning with RBR’s commitment to sustainable growth and local content compliance.
Executive Chairman Ian Macpherson emphasised the company’s readiness to convert emerging opportunities into contracts, highlighting RBR’s in-country presence and compliance credentials as key competitive advantages in the evolving LNG landscape.
Bottom Line?
As Mozambique’s LNG sector reignites, RBR’s strategic moves and capital raise set the stage for a pivotal growth phase.
Questions in the middle?
- How quickly will RBR convert tender opportunities into binding contracts?
- What impact will the new board member have on RBR’s ESG and regional development strategies?
- Will the Share Purchase Plan fully meet capital needs to support the anticipated surge in demand?
