Slide 1: 1st quarter 2026 results announcement
st 1 quarter 2026 results announcement TOMRA Systems ASA 24 April 2026 © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Group highlights
Collection Record revenues on deliveries in Poland and Portugal and growth in existing markets, lower margins on higher share of RVM sales and product margin in Poland Revenues: 208 MEUR EBITA: 33 MEUR Recycling Group Low commercial activity, progress according to plan on cost reduction program high
Slide 4: Collection Business update
Record quarterly revenues Collection Business update • Existing markets: 9 9 9 • 5% growth (CC), 3% negative FX impact ew mar ets 9 • Seasonally lower throughput volumes • New markets: • Poland >4 000 RVMs installed base end of Q1 E is ng mar ets 9 • Portugal launch on 10 April 2026, ~2/3 of first p
Slide 5: Recycling Business update
Lower revenues following decline in orders last year Recycling Business update • Market sentiment in line with past three quarters 9 • Weak in North America waste recovery • Weak in European plastics recycling • Stable in metals • Sharp increases in virgin raw material prices increases relative comp
Slide 6: Food Business update
Higher revenues following strong orders last year Food Business update • Revenue growth in all main markets 9 • Some decline in potatoes, following a strong cycle 9 • Continued strong growth in citrus, further increasing diversification in portfolio • Order intake down on strong comparison quarter,
Slide 7: Horizon Business update
Revenues starting to build Horizon Business update • c-trace: Business momentum continues, seasonally lower revenues in the quarter compared to end-of-year activity • Reuse: Lisbon roll-out continues. Pipeline of opportunities for event solution building. • Feedstock: Områ capacity scaled up to 2 sh
Slide 8: Financials and outlook
mlarclalelrelis and outlook
Slide 9: Collection P&L
Collection P&L Comments • Revenues up 12% (15% CC) 49 MEUR revenues in new markets Existing market growth 5% (CC), 2% reported Seasonally lower throughput revenues • Lower quarterly gross margin due to Business mix with higher share of RVM sales to services and throughput orthern Europe Product marg
Slide 10: Recycling P&L
Recycling P&L Comments • Revenues down 19% (19% CC) following decline in orders last year • Low quarterly gross margin due to low volumes (scale/fixed cost base) • Product mix still reflects high share of sales into Europe metals recycling Ameri as • Restructuring costs of 13 MEUR recognized as spec
Slide 11: Food P&L
Food P&L Comments • Revenues up 13% (17% CC) with growth in all main markets • Higher revenue than estimated by conversion ratio due to timing of deliveries • Lower quarterly gross margin due product mix: Europe 9 larger-than-normal share of third-party peripheral equipment sales to large packhouse
Slide 12: Horizon & Group Functions
Horizon & Group Functions Comments • Revenues reflecting strong momentum in c- trace and contribution from Områ (Feedstock) Horizon in production • Gross margin includes depreciations of Områ • Positive EBITDA for Områ Short term outlook • c-trace expected to deliver double digit revenue growth with
Slide 13: Group P&L
Group P&L Comments • Revenues in TOMRA Group up 9% (12% CC) • Gross margin driven by product and business Colle on 9 9 mix effects Re ling • Operating expenses, adjusted for special items, increased 4% driven by inflation, ramp-up in UK ood 9 9 and Poland and Clynk • EBITA adj. unchanged y/y Opera n
Slide 14: Cash flow and capital
Cash flow and capital Comments • Cash flow from operations 60 MEUR • Cash flow from investments -25 MEUR Cash flow from operations, YTD Cash flow from investments, YTD • Working capital reflecting high activity in new EUR millions Range EUR millions Range DRS markets and large Food projects • Return
Slide 15: Financing
Financing Comments • Scope ratings: A- / Stable Debt maturity profile Liquidity buffer • Weighted average debt maturity of 4.2 years 379 MEUR Bonds and 31 MEUR Eksfin financing, EUR millions EUR millions • Liquidity buffer: 9 RCF of 150 MEUR running until December 9 2028 ndrawn redit fa ili es EUR 1
Slide 16: Outlook
Short term outlook Long term drivers • Mid-single-digit growth in existing markets • Momentum in Poland to continue next quarter • Regulation driving new deposit markets (EU SUPD, PPWR) • Pace in Portugal and Romania to slow down Collection • Modernization and expansions drive growth of existing mar
Slide 17: Copyright and Disclaimer
Copyright The material in this Document (which may be a presentation, video, brochure or other material), hereafter called Document , including copy, photographs, drawings and other images, remains the property of TOMRA Systems ASA or third-party contributors where appropriate. No part of this Docum
Slide 18: www.tomra.com
www.tomra.com 18