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/Click here for more information
© Oslo Bors ASA, source Oslo Stock Exchange