Slide 1: 2nd quarter 2026 results announcement
nd 2 quarter 2026 results announcement TOMRA Systems ASA 17 July 2026 © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Group highlights
Collection 45% revenue growth on high installation of RVMs in Poland coupled with 15% growth in existing markets, lower gross margin on Poland sales Revenues: 246 MEUR EBITA: 44 MEUR Recycling Group Revenues down, gross margin up on product mix, and higher order intake highlights Revenues: 51 MEUR E
Slide 4: Collection Business update
Record quarterly revenues Collection Business update • Existing markets: • 15% growth driven by Australia and North America, including Clynk • New South Wales renewal tender submitted • New markets: • UK: Appointed supplier to two major retail chains with ~3 900 RVMs to be delivered • Portugal: ~1 6
Slide 5: Poland DRS roll-out
Drink containers collected since system launch in Poland RVMs vs. Manual RVM Collection Collection Poland DRS roll-out ll l ~1.6 bn R ~1.4bn R Leading position provides a solid foundation to continue to grow from over the next years Source: TOMRA and Article by Polish Ministry of Climate and Environ
Slide 6: Recycling Business update
Lower revenues following decline in orders last year Recycling Business update • Overall market sentiment unchanged • Good momentum in metals recycling • Stable within waste recovery and plastics recycling • Increased competitiveness of recycling with higher virgin raw material prices, but impact on
Slide 7: Food Business update
Higher revenues following strong orders last year Food Business update • Quarterly revenues led by continuation from Q1 of deliveries to large packhouses with a high share of third-party peripherals • Order intake down on strong comparison quarter in Q2 2025 containing 25 MEUR of large orders • Posi
Slide 8: Horizon Business update
Revenues starting to build Horizon Business update • Focus on scaling ventures and realizing value of portfolio • c-trace: YTD revenues up 26% with an EBITA margin >20%. • Feedstock: Ramp-up at Områ generated positive EBITA contribution from plant operations in the quarter • Reuse: First full-fledge
Slide 9: Financials and outlook
mlarclalelrelis and outlook
Slide 10: Collection P&L
Collection P&L Comments • Revenues up 45% o 69 MEUR revenues in new markets, driven by Poland, Portugal, Singapore, and Romania o 15% growth in existing markets including contribution from Clynk (7 MEUR) • Lower quarterly gross margin due to o Business mix with significant share of RVM sales in new
Slide 11: Recycling P&L
Recycling P&L Comments • Revenues down 11% following decline in orders last year • Quarterly gross margin up on favorable product mix including higher share of waste recovery projects • Operating expenses marginally down from last quarter • Order intake 58 MEUR, up 40% driven by mining and metals re
Slide 12: Food P&L
Food P&L Comments • Revenues up 5% driven by deliveries to large packhouses • Lower quarterly gross margin due to continuation from Q1 into Q2 of product mix with a large share of third-party peripheral equipment • Operating expenses in line with last quarter R l • Order intake 83 MEUR, down on stro
Slide 13: Horizon & Group Functions
Horizon & Group Functions Horizon Comments (Horizon) • Revenues reflecting ramp-up of Områ and double-digit growth in c-trace • Gross margin includes depreciations at Områ since Q4 2025 • Operating expenses in line with previous quarters Short term outlook (Horizon) • Revenues of ~45-50 MEUR expecte
Slide 14: Group P&L
Group P&L Comments • Revenues in TOMRA Group up 25% • Gross margin decline year-over-year driven by C ll product and business mix effects in Collection and product mix effects in Food R l • Operating expenses up on Collection ramp-up in UK and Poland and the addition of Clynk, FX, and inflation • EB
Slide 15: FX P&L bridge
FX P&L bridge LC CC R Comments • Minimal net impact of FX compared to the R same quarter last year • Major currency exposures are USD, AUD, and NZD R Sensitivity • A strengthening/weakening of EUR toward other currencies of 10% would normally R decrease/increase EBITA by ~5% R R
Slide 16: Cash flow and capital
Cash flow and capital Comments • Cash flow from operations 38 MEUR • Working capital reflecting high activity in new Cash flow from operations, YTD Cash flow from investments, YTD DRS markets with reduction in inventory shifting EUR millions R EUR millions R to increase in receivables before cash co
Slide 17: Financing
Financing Comments • Weighted average debt maturity of 3.7 years Debt maturity profile Liquidity buffer • Liquidity buffer: 379 MEUR Bonds and 31 MEUR Eksfin financing, EUR millions EUR millions o RCF of 150 MEUR running until December 2028 o EUR 112 million undrawn liquidity buffer includes undrawn
Slide 18: Outlook
Short term outlook Long term drivers • Revenues of 400-440 MEUR expected in 2H26, tilted towards • Regulation is driving new deposit markets (EU SUPD, PPWR) Q4 with some early installations in UK • Mid-single-digit growth expected on average in existing markets • Quarterly gross margin of >40% in 2H
Slide 19: Capital Markets Update
Save the date: Capital Markets Update 25 November 2026 @ TOMRA HQ, Asker 19
Slide 20: Copyright and Disclaimer
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Slide 21: www.tomra.com
www.tomra.com 21