Agilyx (AGLX) H1 2026 earnings summary

Executive summary

• Increased GreenDot/Green Dot ownership to 50.1% in April 2026, consolidating results from April 20, and expanding via acquisitions in France, Spain, and Italy, growing to six facilities across four countries.

• Strategic pivot to a European-focused, cash-generating recycling platform, exiting U.S. project development and fully redeeming USD 50 million senior secured bonds.

• H1 2026 revenue reached EUR 85.1 million, EBITDA loss narrowed to EUR 1.9 million, and net profit was EUR 9.7 million, driven by one-off gains.

• Regulatory tailwinds from new EU packaging and waste regulations are expected to drive significant demand growth for recycled plastics.

• Strategic partnerships with ABB and osapiens to advance IP and launch AI-powered EPR compliance software.

Financial highlights

• H1 2026 consolidated EBITDA was EUR -1.9 million, including EUR 2.7 million from GreenDot and EUR -4.6 million from Agilyx, with EUR 1.4 million in one-off costs.

• Net profit of EUR 9.7 million includes EUR 30.2 million in non-recurring gains from remeasurement, reorganization, and acquisitions.

• Cash position at June 2026 was EUR 54.5 million, up from EUR 4.8 million at year-end, supported by GreenDot consolidation and convertible bond proceeds.

• GreenDot standalone H1 revenue was EUR 229 million, EBITDA EUR 8.9 million; mechanical recycling revenue rose to EUR 40 million, EBITDA improved to EUR 1.9 million.

• EPS improved to EUR 0.05 from EUR -0.10 in H1 2025.

Outlook and guidance

• GreenDot is on track for EUR 19 million EBITDA in 2026, up from EUR 11 million in 2025, with a 2028 target of EUR 50 million EBITDA.

• Mechanical recycling EBITDA forecast slightly reduced due to Anviplas acquisition, expected to break even by year-end and contribute positively from 2027.

• No near-term funding requirement; fully funded through at least late 2027.

• EU Packaging and Packaging Waste Regulation effective August 2026, with export bans from November 2026, expected to significantly increase demand for recycled plastics.

• Focus on integrating acquisitions, scaling output, onboarding new clients, and expanding collaborations.