Agilyx Reports Profit Surge Following Strategic Pivot to GreenDot

The company’s revenue reached 85.1 million euros for the period, bolstered by the integration of GreenDot operations starting April 20. While the group reported an EBITDA loss of 1.9 million euros—impacted by one-off costs related to convertible bond financing—the net profit figure was significantly bolstered by 30.2 million euros in non-cash accounting gains. These gains stem directly from the shift in control over GreenDot and Cyclyx, alongside a bargain purchase of the Spanish firm Anviplas.

CEO Ranjeet Bhatia described the half-year results as a turning point for the Oslo-based firm. By refocusing its portfolio on European mechanical recycling, Agilyx aims to leverage regulatory demand for recycled plastics. GreenDot, which reported 229 million euros in revenue for the half-year, is currently integrating recent acquisitions including Italy’s Forplast and France’s RG Group. With 54.5 million euros in cash on hand as of June 30, management expects GreenDot to contribute 19 million euros in EBITDA for the full year of 2026, setting the stage for expanded capacity and growth in 2027.