Agilyx: Positive Nine-Month EBITDA - Expansion of European Recycling Business

Norwegian company Agilyx ASA reported consolidated revenue of EUR 84 million and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 3.6 million for the third quarter of 2026. In the first nine months of the year, revenue totalled EUR 169 million, while EBITDA reached EUR 1.7 million. According to the company, this marks the first time that cumulative consolidated EBITDA has turned positive. All figures are unaudited.

Earnings Contributions and Business Development
GreenDot, the recycling platform majority-owned by Agilyx, generated EBITDA of EUR 5.1 million in the third quarter. Agilyx's holding company contributed a negative EUR 1.5 million to the result.

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GreenDot's business involving licensing fees under Extended Producer Responsibility (EPR) schemes performed better than planned. Developments in mechanical recycling varied by region: According to the company, operations in France achieved positive margins. In Italy, the delayed commissioning of new production lines affected business performance; the facilities are now operational. Spanish recycler Anviplas continues to operate at a loss but has shown improvement. The business supplying feedstock for chemical recycling fell short of expectations due to postponed customer orders.

Liquidity and Outlook
As of 30 September 2026, the group held cash and cash equivalents of EUR 27.5 million, of which EUR 8.1 million was attributable to Agilyx ASA. The company primarily attributes the lower cash balance to seasonal effects in GreenDot's EPR business: Licensing fees are largely collected during the first half of the year, while collection and sorting costs are incurred throughout the year.

Agilyx maintains its full-year 2026 EBITDA forecast of EUR 19 million for GreenDot. On 5 November 2026, Agilyx also announced that GreenDot had acquired a 50% stake in the parent company of French EPR service provider Léko. The investment expands GreenDot's packaging EPR business in France.

Business and Technology Overview
Agilyx holds a 50.1% stake in GreenDot and has fully consolidated the recycling platform since April 2026. GreenDot operates in packaging licensing as well as the collection, sorting and processing of plastic waste, with activities in Germany, Austria, France, Italy and Spain.

In addition, Agilyx offers analysis and characterisation services for plastic waste streams under the arcLABS brand to identify suitable feedstocks for different recycling processes. The company also markets its proprietary Styrenyx technology for the chemical recycling of polystyrene waste.

More information:
www.agilyx.com, www.green-dot.com, www.leko-organisme.fr, www.anviplas.es

Agilyx ASA, Oslo, Norway

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