Agilyx Q3: GreenDot on track for EUR 19 million EBITDA in 2026; group EBITDA positive YTD
- Consolidated EBITDA EUR 1.7 million year-to-date, positive for the first time.
- Consolidated EBITDA EUR 3.6 million in Q3, comprising GreenDot EUR 5.1 million and Agilyx HoldCo EUR -1.5 million.
- Consolidated revenue EUR 84 million in Q3 and EUR 169 million year-to-date.
- Consolidated cash EUR 27.5 million at 30 September, of which EUR 8.1 million at Agilyx ASA.
Financial highlights
All figures are unaudited. Consolidated EBITDA was EUR 1.7 million year-to-date, the first positive YTD result. Q3 consolidated EBITDA was EUR 3.6 million, split between GreenDot EUR 5.1 million and Agilyx HoldCo EUR -1.5 million. Q3 revenue was EUR 84 million (EUR 169 million YTD). Consolidated cash stood at EUR 27.5 million at 30 September, including EUR 8.1 million at Agilyx ASA.
Operational performance
GreenDot's EPR licensing business outperformed plan. Mechanical recycling results were mixed: France delivered healthy margins, Italy was impacted by delayed commissioning of new lines now operational, and Anviplas in Spain remains loss-making but is improving. Chemical recycling underperformed due to delayed customer orders.
Cash and working capital
The lower cash position primarily reflects GreenDot's seasonal working capital cycle: license fees are mainly collected in the first half of the year while collection and sorting costs are incurred throughout the year.
Outlook and M&A
GreenDot remains on track to deliver EBITDA of EUR 19 million in 2026, consistent with prior guidance. Management noted the 5 November agreement to acquire 50% of Léko as a step to strengthen GreenDot's European recycling platform and its position in France; the company also referenced more ambitious targets for 2028.
Source: Agilyx