Oslo, Norway - 27 August 2026 - Agilyx ASA (Euronext Oslo Børs: AGLX; Frankfurt:
5 NQ, OTCQX: AGXXF) ("Agilyx" or the "Company") today publishes its preliminary
and unaudited financial results for the first half 2026.
Agilyx is the majority owner of a leading European plastic waste recycling
platform positioned to capitalize on regulatory-driven demand for recycled
plastic. The H1 2026 results reflect the comprehensive strategic reset during
the period, including the ownership in GreenDot Global ("GreenDot") being raised
to 50.1%, the previously announced Cyclyx restructuring and exit from all
US-based joint ventures, as well as a significant repayment of senior debt.
Consolidation of GreenDot and a strong impact on financial performance:
Revenue of EUR 85.1 million reflecting GreenDot consolidated from 20 April 2026
EBITDA negative by EUR 1.9 million, reflecting a positive contribution from
GreenDot of EUR 2.7 million, offset by EUR 4.5 million of losses at Agilyx
level, including EUR 1.4 million of one-off costs mainly reflecting the
convertible bond financing in the period
Net profit of EUR 9.7 million reflects a combined EUR 30.2 million of non-cash
accounting gains from the change of control in GreenDot and Cyclyx,
respectively, as well as a gain on the bargain purchase of Anviplas
GreenDot growing through mechanical recycling acquisitions
GreenDot reported EUR 229 million of revenue in H1 2026, 5% up on the prior year
period, while EBITDA was EUR 8.9 million
The results reflect the acquisitions of Forplast (Italy) in November 2025 and RG
Group (France) in February 2026. The acquisition of Anviplas (Spain) announced
in June did not have an operational impact in the period.
CEO Ranjeet Bhatia comments:
"H1 2026 marked a turning point for Agilyx. We have transformed the Group to
focus on a profitable and growing European recycling platform, while simplifying
our business and strengthening our balance sheet. With GreenDot at the center of
our strategy, we enter the second half with a clear focus on profitable growth
and building long-term shareholder value."
Liquidity and financial position
As of 30 June 2026, the Company had cash and cash equivalents of EUR 54.5
million, while net interest-bearing debt was EUR 88.1 million, both with
GreenDot fully consolidated.
Outlook
The Company is substantially on track to achieve its ambitions with GreenDot
expected to generate EUR 19 million of EBITDA in 2026.
GreenDot's EBITDA reflects acquisition and turnaround costs of Anviplas, which
were not included in earlier forecasts. Through increased product quality and
capacity, and strong regulatory tailwinds, all three mechanical recycling
acquisitions are expected to contribute significant growth in 2027 and onwards.
Investor Event
Agilyx will host a virtual Business Update Presentation on August 27, 2026, at
15:30 CEST
Join the meeting by following the link
https://www.appairtime.com/event/9dc44347-5317-4b2e-87e1-2ee7abd7886b
The event will be conducted in English and will include a Q&A session. A replay
will be available at www.agilyx.com/investors/reports-presentations.
About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its majority
holding in GreenDot Global, Europe's largest waste plastic recycling platform,
Agilyx has access to large volumes of post-use plastic and advanced sorting and
recycling infrastructure in Austria, France, Germany, Italy, and Spain. Through
arcLABS, Agilyx provides characterization and identification services for
plastic streams that can be converted into feedstock matched to recycling
processes. Agilyx also markets Styrenyx, its proprietary chemical recycling
technology for polystyrene waste. By enabling the shift from a linear
"make-take-waste" model to a circular economy, Agilyx helps solve the plastic
waste crisis and supports the global transition to a low-carbon future.
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/
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