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Agilyx ASA Q3 2026 Update

Agilyx ASA, a prominent player in the recycling industry, released its Q3 2026 financial update, showcasing promising developments for its subsidiary GreenDot. The report indicates a positive shift in the company's financial dynamics, as it achieved its first-ever positive consolidated EBITDA of EUR 1.7 million year-to-date. This positive trajectory reflects solid operational performance and strategic positioning in the competitive recycling market.

In Q3 alone, Agilyx recorded a consolidated EBITDA of EUR 3.6 million, driven primarily by GreenDot, which contributed EUR 5.1 million, while the parent company, Agilyx HoldCo, reported a negative EBITDA of EUR -1.5 million. The overall consolidated revenue for Q3 stood at EUR 84 million, accumulating a substantial EUR 169 million year-to-date. Cash reserves also remain robust, amounting to EUR 27.5 million as of September 30, 2026, with EUR 8.1 million at Agilyx ASA.

GreenDot's Extended Producer Responsibility (EPR) licensing business surpassed expectations, with mechanical recycling outputs yielding positive margins from France, despite setbacks in Italy due to delays in the commissioning of new production lines. Meanwhile, Anviplas in Spain continues to navigate challenges but shows signs of improvement. Chemical recycling activities, however, faced some difficulties, attributed to postponed customer orders.

The cash position observed during this reporting period is primarily influenced by the seasonal working capital cycle inherent to GreenDot's EPR operations, where fees are predominantly collected in the year's first half, while operational costs are ongoing throughout.

Looking ahead, GreenDot is well-positioned to achieve its ambitious financial targets, aiming for an EBITDA of EUR 19 million by 2026 and setting its sights even higher with a strategic goal for 2028. Ranjeet Bhatia, CEO of Agilyx, expressed optimism regarding the developments at GreenDot. He emphasized the strong alignment with the 2026 targets and the company’s plans to expand its recycling endeavors further in Europe. This month, Agilyx announced a critical agreement to acquire 50% of Léko, a French EPR company, which will significantly bolster GreenDot's footprint in one of Europe’s pivotal recycling markets, France. The strategic acquisition is expected to enhance GreenDot's capabilities and improve its competitive edge.

Agilyx continues to demonstrate growth potential through strategic acquisitions and improvements in its operational framework. Stakeholders and market observers are optimistic about the company's sustainable initiatives and its role in the ever-evolving recycling sector, especially given current global sustainability imperatives. As Agilyx moves towards meeting its 2026 goals, it positions itself as a significant contributor to a more sustainable future. Overall, this Q3 report highlights Agilyx’s commitment to driving business growth while fostering responsible recycling practices in the marketplace.

For more detailed information, please refer to the official financial reports or visit the Agilyx website for ongoing updates and resources.