AIM-listed Roebuck Food Group has raised €9 million through a placing and subscription of new shares at 9 pence each. The Irish group will use the proceeds to commercialise its GlasPort and Rumen Tech businesses, which target greenhouse gas reductions on farms.

Roebuck is a food and agribusiness group, formerly part of cold storage group Norish, that has refocused its strategy around GlasPort and Rumen Tech, with Justin McCarthy as chief executive. It holds 37% of GlasPort, acquired for €5.7 million, and 16% of Rumen Tech, and its interim results show its plant-based division generated revenue of £3.73 million in the first half of 2026.

The structural driver is food manufacturers seeking farm-level emissions reductions in their supply chains. GlasPort’s GasAbate methane abatement system has achieved Carbon Trust third-party assurance for carbon-credit insetting, and Roebuck reports contract wins with leading food manufacturing groups. A West Cork trial recorded an average 72% methane reduction in monitored slurry stores.

GlasPort generated £264,000 of revenue in the first half of 2026, up from nil a year earlier, after installing GasAbate on large commercial dairy farms in Ireland, Northern Ireland and Continental Europe. It recorded a loss of £896,000 in the period as it increased research and development spending.

J and E Davy led the placing of 62,291,018 shares, raising about €6.73 million, with a further €2.27 million raised from direct subscriptions. The shares were priced at a 56.1% discount to the 20.5 pence close on 30 October and will represent about 45.2% of the enlarged share capital. Trading resumed on AIM on 6 November, and admission of the new shares is expected on 1 December, subject to shareholder approval at a general meeting on 30 November.

Roebuck owns a call option to raise its GlasPort holding to 82.3%, exercisable from August 2026, and is in discussions to acquire the remaining 84% of Rumen Tech, which makes a feed additive that cuts emissions from manure.

For the sector, the raise shows a listed food group redirecting capital towards agricultural emissions technology as its first product moves from pilots to commercial installations.