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Disciplined Growth with Stable Cash Flows

Bond 2025/2030

New Bond 2025/2030 with a fixed coupon of 6.0% p.a., a five-year term, and a total volume of up to EUR 50m

6,0% p.a.
Coupon
5 year
Term
EUR 50m
Issue volume

Valuable Oil Reserves  and Mining Assets

Experienced Oil Producer and Established Issuer


-  Diversified production from around 220 wells in the U.S.
-  Expected production of approx. 14,000 BOE per day in 2025
-  Four corporate bonds successfully issued since 2013
-  Current bond maturing in 2028 trades well above 100%

Reliable and Profitable Earnings Base


-  2024 EBITDA: EUR 167.6m
-  H1 2025 EBITDA: EUR 70.5m
-  2024 Group net income: EUR 52.7m
-  Transparency through quarterly reporting & Frankfurt listing
 

Oil & Gas – Essential Resources, Today and Tomorrow

Oil & Gas account for 54% of global primary energy consumption

Oil demand is at an all-time high and continues to rise

Strong Cash Flows from Oil & Gas Reserves

More than USD 1 billion in revenue expected from producing oil and gas wells

 

Assuming full development of proved reserves, revenues of USD 2.10 billion are expected based on the oil price forward curve as of 31. December 2024. Future Cash Flows total USD 0.86 billion. The present value (10% discount rate) of proved reserves amounts to USD 0.45 billion.

Proved Reserves 

(USD billion)

Revenues

Cash Flow

Discounted 

Cash Flow (10%)

 Producing

1.06

0.56

0.38

Proved but undeveloped

1.04

0.30

0.07

Total

2.10

0.86

0.45

Annual reserve estimates

Financial Highlights

in EUR million

H1 2025 

2024

2023

    
Revenue

102.3

235.4

196.7

 

 

 

 

Gross profit

84.6

196.9

182.9

 

 

 

 

EBITDA

70.5

167.6

158.3

 

 

 

 

EBIT

28.7

78.6

94.0

 

 

 

 

Earnings before tax

22.4

66.6

85.7

 

 

 

 

Net income

16.8

52.7

67.5

 

 

 

 

    

 

in EUR million

 

H1 2025 

2024

2023

 

 

 

 

Total assets

518.6

552.5

493.8

 

 

 

 

Cash and cash equivalents

36.8

19.7

82.2

 

 

 

 

Equity

208.3

237.5

187.5

 

 

 

 

    
    

Bond Key Figures

 

2024

2023

   
EBIT interest coverage

5.6

9.7

   
EBITDA interest coverage

12.0

16.3

 

 

 

Financial liabilities / EBITDA

1.1

1.0

 

 

 

Net debt / EBITDA

0.9

0.5

 

 

 

Equity ratio

43.0%

38.0%

 

 

 

Data & Facts

Issuer

Deutsche Rohstoff AG

Volume

Up to EUR 50 million

Interest rate (coupon)

6.00%

Planned subscription period / First trading date

27 October 2025 – 10 November 2025 | 13 November 2025

Stock exchange segmentBörse Frankfurt, Open Market (Quotation Board)
Issuer ratingThere is no rating. The issuer has been classified as eligible by Deutsche Bundesbank
Rank, collateralization

Non-subordinated, unsecured bearer bonds

Interest payment mode

Semi-annual, on 13 May and 13 November of each year

Denomination, minimum subscription | Issue price

EUR 1,000 | 100 %

Maturity / Maturity date

5 years / 13 November 2030 (subject to early redemption in accordance with the bond terms)

WKN | ISIN

A460CG | DE000A460CG9

Use of net issue proceeds

The issuer intends to use the net proceeds from this issue to invest in the US oil and gas business of the Deutsche Rohstoff Group, as part of its ongoing business operations. A portion of the proceeds will be used to partially repay the existing syndicated credit facility of 1876 Resources, LLC with Bank of Oklahoma (“BOK”) as lead bank and to expand the activities of the Group’s subsidiary Salt Creek in the Powder River Basin, Wyoming, in cooperation with an experienced operating partner. The remaining funds will be used to maintain liquidity for additional acquisition opportunities and acreage expansions of the subsidiaries Bright Rock Energy, LLC and 1876 Resources, LLC

Sole Lead Manager and Sole Bookrunner

Montega Markets GmbH, acting as contractually bound intermediary of Wolfgang Steubing AG Wertpapierdienstleister

Covenants

Minimum equity ratio of 25 %

Asset Covenants: Value of oil and gas reserves in the Group plus cash and cash equivalents (bank balances and marketable securities) equal to at least 200% of the total amount of outstanding notes. Negative pledge, cross default, change of control, positive pledge, restriction on disposal in each case as specified in more detail in the bond terms and conditions

Q&A

Foto: Deutsche Rohstoff AG: Ölförderfeld bei Nacht von oben

The public offering period begins on 27 October 2025, and ends on 10 November 2025, at 12:00 p.m. (CET), subject to early closure.

The bond issued by Deutsche Rohstoff AG is a fixed-interest security. The coupon rate of 6.00% p.a. is fixed for the entire term of five years. Interest is paid semi-annually on 13 May and 13 November (first payment on 13 May 2026). At the end of the term, the bond will be redeemed at par (EUR 1,000) on 13 November 2030.

The bond can be subscribed during the public offering period:

a) through your custodian bank or broker using the Deutsche Börse “DirectPlace” subscription functionality, and

b) via the issuer’s website: www.rohstoff.de/zeichnen

Regarding a)

To buy (order type “Buy”), use either the International Securities Identification Number (ISIN): DE000A460CG9 or the "Wertpapierkennnummer" (WKN): A460CG and enter “Frankfurt” as the stock exchange. Then select the desired investment amount. The denomination is EUR 1,000.00 nominal value per bond. The issue price is 100% of the nominal value.

Steps in detail:

  1. Subscription is made via your custodian bank
  2. Order type: Buy
  3. Use ISIN DE000A460CG9 or WKN A460CG
  4. Trading venue: Frankfurt
  5. Select the desired investment amount (denomination: EUR 1,000 per bond)
  6. Validity: until the end of the subscription period (expected 10 November 2025, 12:00 p.m. CET)

After the subscription period and allocation, the bonds will be booked into your securities account at the issue price.
Subscription orders can be withdrawn free of charge until confirmed. Once confirmed and allocated, withdrawal is no longer possible unless a statutory right of withdrawal applies.

All transactions are subject to the condition that the bonds legally come into existence on the issue date and that the offer is not terminated by the issuer.

An explanatory video on how to subscribe via the exchange can be found here.

Regarding b)

At www.rohstoff.de/zeichnen, investors are guided step by step through the subscription process. This process is only available in German.

With a term of five years, the bond is aimed at medium- to long-term oriented private and institutional investors seeking a stable and attractive interest rate.

The public offer is limited to Germany, Luxembourg, and Austria.

Risks associated with investing in the bond are described in the securities prospectus, available at www.rohstoff.de/anleihe.

The issuer does not charge any fees or taxes.

Investors should, however, consider potential bank-related fees (e.g., for subscription, custody, or account maintenance) and any tax implications of bond investments.

Yes. The minimum subscription amount is EUR 1,000, and investments can be increased in multiples of EUR 1,000.

Yes. Global oil demand is expected to continue to rise in the coming years.

Oil and gas remain the most important energy sources, covering around 54% of global primary energy consumption in 2024 – ahead of coal (27%).

In 2024, global oil demand stood at approximately 104 million barrels per day, and according to OPEC forecasts, is expected to rise to around 113 million barrels per day by 2030.

The issuer intends to use the net proceeds from this issue to invest in the US oil and gas business of the Deutsche Rohstoff Group, as part of its ongoing business operations. A portion of the proceeds will be used to partially repay the existing syndicated credit facility of 1876 Resources, LLC with Bank of Oklahoma (“BOK”) as lead bank and to expand the activities of the Group’s subsidiary Salt Creek in the Powder River Basin, Wyoming, in cooperation with an experienced operating partner. The remaining funds will be used to maintain liquidity for additional acquisition opportunities and acreage expansions of the subsidiaries Bright Rock Energy, LLC and 1876 Resources, LLC

Bond Calendar

(subject to early closing)

Public offering / subscription via DirectPlace & Deutsche Rohstoff website

  27 October 2025 – 10 November 2025 | 12:00 pm

Private placement

  27 October 2025 – 10 November 2025

Allocation

  10 November 2025 | start 2:00 pm

Expected issue date and first trading day

  13 November 2025

Contact

 

Deutsche Rohstoff AG 
Q7, 24 68161 Mannheim
E-Mail: anleihe@rohstoff.de
Hotline: +49 621 490 817 60

Important legal information

Please read the following section carefully and confirm your acceptance if you are interested in Deutsche Rohstoff AG and meet all eligibility requirements.

This section of our website contains information (“Information”) relating to bond issuances (“Securities”). Such information is provided for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities, neither in the United States of America (“United States” or “U.S.”) nor in any other jurisdiction. The publication of such information on our website does not constitute investment advice or a recommendation and should not serve as a basis for any investment decision.

Deutsche Rohstoff AG makes no representation or warranty that the bearer notes described on the following web pages are suitable investments for any particular investor. Accordingly, the information contained on this and the subsequent pages does not constitute a recommendation by Deutsche Rohstoff AG to subscribe for or purchase any bearer bonds of Deutsche Rohstoff AG.

Responsibility of Potential Investors
Visitors to these web pages are solely responsible for analyzing the information provided herein, verifying its accuracy and integrity, and assessing and evaluating the opportunities and risks associated with an investment in bearer bonds of Deutsche Rohstoff AG.

The purchase or subscription of bonds issued by Deutsche Rohstoff AG may be made solely on the basis of the securities prospectus approved by the Commission de Surveillance du Secteur Financier (“CSSF”), which can be downloaded free of charge from this website. To the extent that forecasts, expectations, opinions, or assessments are expressed, or forward-looking statements are made outside the securities prospectus, please note that only the information contained in the approved securities prospectus is legally binding for the assessment of the bonds.

Target Audience of the Deutsche Rohstoff AG Bond
The information contained on the following web pages is intended exclusively for persons whose residence and habitual abode are in Germany, Luxembourg, or Austria. Such information does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for securities in any other jurisdiction. A public offering of securities outside Germany, Luxembourg, and Austria does not take place and is not intended. 

The public offering in Germany, Luxembourg, and Austria is made solely on the basis of the securities prospectus approved by the CSSF.

Bonds of Deutsche Rohstoff AG may not be offered, sold, or delivered in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)), except pursuant to registration under the Securities Act or an applicable exemption from the registration requirements. Deutsche Rohstoff AG does not intend to register the offering or any portion thereof in the United States or to conduct a public offering of securities in the United States.

The information contained on the following web pages is not intended for distribution into or within the United States, Canada, Australia, or Japan. Any violation of these restrictions may constitute a breach of the securities laws of such jurisdictions. Copying, forwarding, or otherwise transmitting the information contained on the following web pages is strictly prohibited.

By clicking the button “Yes, I agree”, you confirm that you have read this notice in full, that your residence and habitual abode are in Germany, Luxembourg, or Austria, and that you will not transmit or forward the information contained on these web pages to any person whose residence and habitual abode are not located in those countries.

This English translation of the bond information is provided for convenience only. In the event of any discrepancy or inconsistency, the securities prospectus approved by the CSSF shall prevail.