Agilyx reports preliminary unaudited H2 2025 results and completion of bond redemption

01 Apr 2026 13:05 CEST

OSLO, Norway – 1 April 2026 – Agilyx ASA (OSE: AGLX, OTCQX: AGXXF, ISIN:
NO0010872468, WKN: A2QGQ) (“Agilyx” or the “Company”) in accordance with its
convertible bond reporting requirements, today publishes its preliminary and
unaudited financial results for the second half 2025.

The results reflect the completion of a comprehensive strategic reset, including
the previously announced Cyclyx restructuring and a related non-cash impairment.
Following these actions, Agilyx has repositioned as a capital-light,
Europe-focused recycled plastic feedstock supply platform.

Non-cash Cyclyx-related charges associated with strategic reset

A reported net loss for H2 2025 is primarily attributable to a non-cash
write-off of approximately $128.6 million related to the Cyclyx restructuring
previously announced on 2 February 2026. The write-off does not impact Agilyx’s
underlying cash position or liquidity.

The restructuring marks a decisive step in de-risking the Company’s balance
sheet and simplifying its operating model. As a result, Agilyx has:

- Eliminated substantial near-term capital commitments and funding uncertainty
- Reduced standalone costs and operational complexity
- Retained long-term strategic upside through the intellectual property and
offtake agreement with ExxonMobil

Completion of bond redemption

Agilyx makes reference to the stock exchange notice dated 25 March 2026
regarding the exercise of a conditional call notice of the Company’s senior
secured bond issue. The Company confirms that the redemption of the bond has
been successfully completed.

The bond redemption represents a key milestone in simplifying the Company’s
capital structure, reducing interest burden, and restoring balance sheet
flexibility to support future growth initiatives.

Liquidity and financial position

As of 31 March 2026, the Company had cash in excess of $15 million and no
remaining senior bond obligations, positioning Agilyx as a fully-funded platform
with limited near-term capital requirements.

Outlook

Agilyx enters 2026 with a clear strategic focus on scaling its European platform
and delivering earnings growth from a more capital-efficient business model.
The Company will prioritize:

- Scaling its European platform through GreenDot, benefiting from structural
demand driven by EU recycled-content mandates
- Realizing earnings growth from recent acquisitions, including Forplast and RG
Group
- Executing a pipeline of value-accretive M&A opportunities

GreenDot is expected to generate over EUR 20 million of EBITDA in 2026,
positioning the European market as the Company’s core earnings engine and
primary driver of shareholder value.

About Agilyx

Agilyx ASA is a publicly listed, technology-agnostic leader in plastic
recycling, focused on converting plastic waste into circular products and
value-creating solutions for the global plastics value chain. The Company works
with blue-chip partners and operates across mechanical and chemical recycling,
and proprietary technology development. Agilyx has operating exposure in Europe
through its ownership stake in GreenDot, a leading platform for sourcing,
processing, and supplying recycled plastic feedstock, and in the US through
strategic commercial arrangements and technology deployment. With funded
projects, reduced capital intensity, and a clear strategic focus, Agilyx is
positioned to drive sustainable growth and long-term value creation in the
circular plastics economy.

Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/

More information:
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669945_Agilyx - H2 2025 Unaudited Financials.pdf