Agilyx ASA confirmed that its American Depositary Receipts began trading on the US over-the-counter (OTCQX) market today. The shares trade under the ticker AGYXY, with Citibank, N.A. acting as the depositary bank.

The ADRs are quoted and settled in US dollars. Each ADR represents 10 ordinary shares of the company. Agilyx’s underlying ordinary shares continue to be listed and traded on the Oslo Stock Exchange under the symbol AGLX.

Program Details

The establishment of a sponsored Level 1 ADR program is intended to broaden Agilyx’s US investor base. Management stated the move aims to enhance the visibility and accessibility of the company’s shares in the world’s largest capital market and improve overall trading liquidity.

The program does not involve the issuance of new shares. Consequently, it will have no dilutive effect on existing shareholders.

About Agilyx

Agilyx ASA is a global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its majority holding in GreenDot Global, Europe’s largest waste plastic recycling platform, Agilyx accesses large volumes of post-use plastic and advanced sorting infrastructure in Austria, France, Germany, Italy, and Spain.

Through arcLABS, Agilyx provides characterization and identification services for plastic streams convertible into feedstock matched to recycling processes. The company also markets Styrenyx, its proprietary chemical recycling technology for polystyrene waste.

Agilyx ASA reported a net profit of EUR 9.7 million for the first half of 2026, driven primarily by significant non-cash accounting gains following the consolidation of its majority stake in GreenDot Global.

The Oslo-listed plastic waste recycling platform consolidated GreenDot into its financial statements from April 20, 2026, after raising its ownership to 50.1%. This strategic reset also included the restructuring of Cyclyx and the exit from all US-based joint ventures.

Financial Performance

Agilyx generated EUR 85.1 million in revenue for H1 2026, reflecting the inclusion of GreenDot’s operations. The group recorded an EBITDA loss of EUR 1.9 million. This figure combines a positive EBITDA contribution of EUR 2.7 million from GreenDot against EUR 4.5 million in losses at the Agilyx holding level.

The holding-level losses included EUR 1.4 million in one-off costs, mainly related to convertible bond financing during the period.

What the Numbers Show

The reported net profit of EUR 9.7 million was not operational but derived from exceptional items. The company recorded combined EUR 30.2 million in non-cash accounting gains resulting from the change of control in GreenDot and Cyclyx, alongside a gain on the bargain purchase of Anviplas. Without these one-time accounting adjustments, the underlying operational result would have been significantly lower, highlighting the divergence between reported profitability and cash-generating performance in this transition period.

GreenDot Operations

GreenDot, Europe’s largest waste plastic recycling platform, reported EUR 229 million in revenue for H1 2026, a 5% increase year-on-year. Its EBITDA stood at EUR 8.9 million.

The results reflect the acquisitions of Forplast in Italy (November 2025) and RG Group in France (February 2026). The June-announced acquisition of Anviplas in Spain did not contribute operationally during the period.

Balance Sheet and Outlook

As of June 30, 2026, Agilyx held EUR 54.5 million in cash and cash equivalents. Net interest-bearing debt stood at EUR 88.1 million, with GreenDot fully consolidated.

Management expects GreenDot to generate EUR 19 million in EBITDA for the full year 2026. This forecast includes acquisition and turnaround costs for Anviplas that were not part of earlier guidance. The company anticipates significant growth contributions from all three mechanical recycling acquisitions starting in 2027, supported by increased product quality, capacity expansion, and regulatory tailwinds.