Elopak s third quarter (Q3): Strong profitability and strategic expansion in the Americas

28 Oct 2025 07:00 CET

Elopak ASA ("Elopak", Oslo Børs Ticker: ELO) reports its highest quarterly
EBITDA to date of EUR 49.1 million for the third quarter of 2025,
corresponding to a margin of 17.0%. Organic revenue grew by 1.2%
year-over-year to EUR 289.7 million, driven by continued momentum in the
Americas, with sales growth of 18% year-over-year on a constant currency
basis. The U.S. plant in Little Rock delivered its first profitable quarter,
marking a key milestone in Elopak's strategic expansion. One year ahead of
plan, Elopak announces today the decision to accelerate the capacity in Little
Rock with a third production line in response to customer demand.

Q3 2025 highlights:

* Highest EBITDA to date of EUR 49.1 million and a strong 17.0% margin with
organic revenue growth of 1.2%
* Strong sales growth in the Americas, up 18% year-over-year on a constant
currency basis. The new U.S. plant in Little Rock continues to ramp up
commercial production, successfully delivering its first profitable quarter
* Decision to accelerate capacity expansion in Little Rock with 30 MUSD
investment in a third production line
* The Group's balance sheet improved during the quarter, with solid cash flow
reducing net debt by EUR 34 million and leverage to 2.1x

Commenting on Elopak's performance, CEO Thomas Körmendi said:
"This quarter demonstrates how our strategy is translating into real progress
- realizing growth in our global markets, expanding our product portfolio to
better serve and grow with our customers, and advancing the shift away from
plastics. The profitability milestone in Little Rock and the decision to
invest in a third production line reflects our confidence in the Americas and
our commitment to long-term partnerships and to sustainable, high-quality
packaging solutions that meet our customers' needs."

Every quarter ahead of the earnings announcement, Elopak collects earnings
estimates from the equity analysts currently covering Elopak. The consensus
estimates and the methodology used are published on the Elopak's Investor
Relations website:
www.elopak.com/investor-relations/share-information/analyst-coverage/.

The Q3 2025 results will be presented on October 28, 2025, at 09:00 CET at
Hotel Continental, Stortingsgaten 24/26, Oslo. The presentation will be held
in English by CEO Thomas Körmendi and CFO Bent Kilsund Axelsen. To access the
live webcast of the results presentation, use the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20251028_2/
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royal
cast.com%2Flandingpage%2Fhegnarmedia%2F20251028_2%2F&data=05%7C02%7Cerica.honnin
gsvaag%40elopak.com%7Cd150795a902f412da91908ddef9d0b65%7C8e8910dbd7c34cab871a96e
46fb6b55a%7C0%7C0%7C638930179992764651%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiO
nRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%
7C%7C%7C&sdata=7N7%2BV1LuEAZBz1fZkj10gRBYCTsp%2FadgbLAbdCv%2Bn1g%3D&reserved=0)

For the full report and presentation, please see the attachment or visit
www.elopak.com/investor-relations
(https://www.elopak.com/investor-relations/).

For further information, please contact:
Christian Gjerde, Head of Treasury and Investor Relations
E-mail: christian.gjerde@elopak.com
Tel: +47 980 60 909

Erica Binde Honningsvåg, Investor Relations and Treasury Officer
E-mail: erica.honningsvaag@elopak.com
Tel: +47 975 91 102

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-10-28 07:00 CET.

About Elopak
Elopak is a leading global supplier of carton packaging and filling equipment.
The company's iconic Pure-Pak® cartons are made using renewable, recyclable
and sustainably sourced materials, providing a natural and convenient
alternative to plastic bottles that fits within a low carbon circular economy.

Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in
2021. Today it employs 2,850 people and sells 16 billion cartons annually
across more than 70 countries.

Elopak is a UN Global Compact participant member. We have set Science Based
Targets to reduce emissions in line with the 1.5-degree trajectory and aim to
be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were
rated top 2% sustainable companies in the world.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.

More information:
Access the news on Oslo Bors NewsWeb site

658061_Elopak ASA Q3 2025 Presentation.pdf
658061_Elopak ASA Q3 2025 Report.pdf