Agilyx ASA Releases 2025 Annual Report and Q1 2026 Update

28 Apr 2026 08:44 CEST

OSLO, Norway – 28 April 2026 – Agilyx ASA (OSE: AGLX, OTCQX: AGXXF) (“Agilyx” or
the “Company”) releases its 2025 Annual Report, highlighting the significant
transformation of the Company following strategic actions undertaken throughout
the year and the first quarter of 2026.

Agilyx has executed a comprehensive strategic reset, fundamentally reshaping the
Company into a simplified, capital-light, Europe-focused platform for plastic
recycling and circular feedstock supply.

Key Developments after the 2025 Fiscal Year End:

- Cyclyx restructured: Houston project (C1) transferred and Dallas-FW project
(C2) unwound, removing all capex commitments while retaining IP and offtake
opportunity

- Agilyx USD 50 million senior bond fully redeemed in March 2026, simplifying
Agilyx´ balance sheet and reducing cash interest burden.

- Agilyx EUR 40 million convertible bond fully placed with interest paid in kind


- GreenDot ownership increased to 50.1%, enabling full consolidation as of April
20th 2026; GreenDot full year FY2026 results expected to be ~EUR 375m revenue
and greater than EUR 22m EBITDA

- In late 2025 and early 2026 GreenDot acquired three mechanical recycling
plants: two in France and one in Italy, expanding capacity by over 70,000 tons
annually

- Continued advancement of Styrenyx, including signing of an MoU with ABB to
support capital-light deployment in Europe

- Agilyx had a cash balance at 31 March 2026 of USD 15 million

Agilyx reported a net loss of USD 148 million for 2025, primarily driven by
non-cash charges related to the Cyclyx restructuring and associated impairments.


Ranjeet Bhatia, CEO of Agilyx, commented, “2025 was a pivotal year for Agilyx as
the company moved to implement a strategic repositioning, decrease costs, and
place a sharper focus on scalable growth anchored by our profitable European
recycling platform. The restructuring of Cyclyx was a challenging but
transformative process, and in 2026, Agilyx is well positioned to deliver
operating profitability and compelling growth.”

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:
Access the news on Oslo Bors NewsWeb site

671599_AgilyxAnnualReport2025_042726_Final_POST.pdf