EX-99.1

Exhibit 99.1

MONTAUK RENEWABLES, INC.

Incorporated in the United States of America

Company number: 85-3189583

NASDAQ share code: MNTK

JSE share code: MKR

ISIN: US61218C1036

(“Montauk Renewables” or the “Company”)

UNAUDITED CONSOLIDATED RESULTS

For the six months ended 30 June 2024

Dollar amounts presented herein are in United States Dollars


				Six months ended 30 June		Six months ended 30 June			Percentage
SALIENT FEATURES				2024		2023			change
Revenue	($	‘000	)		82 125		72 409			13	%
EBITDA	($	‘000	)		15 603		9 921			57	%
Headline earnings (loss)	($	‘000	)		1 601		(2 056	)		178	%
Earnings (loss) per share		($	)		0.01		(0.02	)		150	%
Headline earnings (loss) per common share		($	)		0.01		(0.01	)		200	%
Net asset value per common share		($	)		1.80		1.61			12	%

DECLARATION OF CASH DIVIDEND

The directors have resolved not to declare a final dividend to focus financial resources on the continued development of the Company’s operations portfolio.

USE OF NON-GAAP MEASURES

This report was prepared for the purpose of complying with the reporting requirements of the Johannesburg Stock Exchange and includes certain non-GAAP measures, such as headline earnings and headline earnings per common share, and related reconciliations.

Reconciliation of headline earnings (loss)


	2024 Six months ended 30 June				2023 Six months ended 30 June
	Gross $‘000		Net $‘000		Gross $‘000		Net $‘000
Net income (loss) attributable to common shareholders				1 138				(2 785	)
Adjustments
Loss on disposal of plant and equipment		71		43		37		35
Impairment of plant and equipment		699		420		726		694
Headline earnings (loss)				1 601				(2 056	)
Basic and headline earnings (loss) per common share (US Dollars)
Earnings (loss)				0.01				(0.02	)
Headline earnings (loss)				0.01				(0.01	)
Weighted-average common shares outstanding (‘000)(1)				142 028				141 633
Diluted earnings (loss) per common share (US Dollars)
Earnings (loss)				0.01				(0.02	)
Headline earnings (loss)				0.01				(0.01	)
Weighted-average common shares outstanding for diluted (‘000)				142 252				141 633

(1)	The common share outstanding as of June 30, 2024 is as reported in the quarterly report on Form 10-Q for the fiscal second quarter 2024, filed with the Securities and Exchange Commission on August 8, 2024.