#Norway #Oslo #EBITDA #Agilyx #GreenDot

Agilyx ASA Q3 2026 Financial Update

Agilyx ASA, a notable player in the recycling industry, recently disclosed its financial performance for the third quarter of 2026, showcasing significant progress compared to previous quarters. The update reveals a positive consolidated EBITDA, marking a crucial milestone for the company.

Financial Highlights

• - Consolidated EBITDA: Agilyx reported a consolidated EBITDA of EUR 1.7 million year to date, a noteworthy improvement as this is the first positive EBITDA recorded in a significant timeframe. For Q3 alone, the EBITDA surged to EUR 3.6 million, comprising EUR 5.1 million from GreenDot and a negative EUR 1.5 million from Agilyx HoldCo.
• - Consolidated Revenue: Revenue figures for Q3 stood at EUR 84 million, with total year-to-date revenues reaching EUR 169 million. This reflects steady growth and a consistent upward trajectory in earnings.
• - Cash Position: The company's cash balance as of September 30, 2026, was EUR 27.5 million, with EUR 8.1 million attributed to Agilyx ASA. This cash flow is critical for sustaining operations and funding future projects.

Performance of GreenDot

GreenDot's extended producer responsibility (EPR) licensing operations have shown remarkable performance. The mechanical recycling segment exhibited mixed results, with France reporting healthy profit margins while operations in Italy faced delays in the commissioning of new production lines. Good news comes from Anviplas in Spain, which, despite ongoing losses, has shown signs of improvement. However, the chemical recycling part did not meet expectations due to postponements in customer orders.

These fluctuations in performance can largely be attributed to the seasonal aspects of GreenDot's business model. License fee collections occur predominantly in the first half of the year, contrasting with a steady outflow of collection and sorting expenses that occur year-round.

Future Outlook

Notably, GreenDot is on track to achieve an ambitious EBITDA target of EUR 19 million by 2026, consistent with projections made earlier. Ranjeet Bhatia, the CEO of Agilyx, expressed optimism regarding GreenDot's growth trajectory and the firm’s objectives for the future. He highlighted the strategic importance of acquiring a 50% stake in Léko, finalized on November 5, which further cements GreenDot's position in the European recycling sector, specifically in France—an integral player within the region's recycling landscape.

As Agilyx continues to navigate the complexities of the recycling market, including the challenges posed by delayed projects and evolving consumer behaviors, their commitment to enhancing operational efficiencies and expanding their market presence remains steadfast. The company's ability to leverage strategic partnerships and adapt to regulatory changes will be crucial in sustaining growth and reaching its ambitious targets.

Overall, the Q3 update reflects a positive update for investors and stakeholders, indicating that Agilyx ASA is poised for further growth as it robustly positions itself within the recycling industry. Continued monitoring of market trends and performance metrics will be vital as the company gears up for 2026 and beyond.