Agilyx ASA reported a net profit of EUR 9.7 million for the first half of 2026, supported by the full consolidation of GreenDot Global since April 20 and EUR 30.2 million in one-off gains. Consolidated revenue reached EUR 85 million, with GreenDot contributing EUR 229 million in standalone revenue over six months.
EBITDA totaled negative EUR 1.9 million, reflecting a positive EUR 2.7 million contribution from GreenDot offset by a EUR 4.6 million loss from Agilyx's platform, which included EUR 1.4 million in fundraising costs. Mechanical recycling revenue surged to EUR 40 million from EUR 17 million a year earlier, while chemical recycling segments reported a wider EBITDA loss of EUR 3.2 million.
Cash and cash equivalents increased to EUR 54.5 million as of June 30, up from EUR 4.8 million at year-end 2025, with total available liquidity of EUR 79.5 million including an undrawn EUR 25 million revolving credit facility. Total assets stood at EUR 468 million.
GreenDot Global, now majority-owned at 50.1%, generated EUR 8.9 million in EBITDA for the six months and holds a 15% market share in Germany with 400,000 tons of recycling volume in 2026. The company targets EUR 19 million in EBITDA for 2026 and EUR 50 million by 2028, while Agilyx's platform continues to burn approximately EUR 500,000 monthly.
Operational capacity expanded with mechanical recycling input capacity rising to 175,000 tons, while chemical recycling feedstock capacity is expected to reach near 60,000 tons annually once Austrian and Milan facilities are operational. The Austrian plant remains on schedule for Q2 2027 commissioning.
Agilyx shares rose 1.41% to $18 following the results, trading within a 52-week range of $11.80 to $26. The company's financial health score remains weak at 1.3, according to InvestingPro.
Management highlighted strategic positioning for EU regulatory milestones, including the August 12 implementation of the Packaging and Packaging Waste Regulation and the November 21 ban on plastic waste exports to non-OECD countries. Long-term targets include compliance software launches by end-2026 and refinancing plans for GreenDot in early 2027.
