Agilyx ASA Releases 2025 Annual Report and Q1 2026 Update

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

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