OSLO, Norway - August 21, 2025 - Agilyx ASA (OSE: AGLX; OTCQX: AGXXF; ISIN: NO0010872468; WKN: A2QGQ) ("Agilyx" or the "Company"), a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry, announces its financial results for the six months ended June 30, 2025, and provides an update on its strategic progress, including the July 17, 2025 signing of a binding agreement to acquire 44% of GreenDot Global, Europe’s largest waste plastic recycling platform. Please see file attached or go to https://www.agilyx.com/investors/reports-presentations/ or https://www.agilyx.com/investors/news/
Strategic Progress – Expanding Global Feedstock Leadership
In the first half of 2025, Agilyx continued its transformation from a technology licensing business to a global investment platform focused on building the world’s leading supply network for waste plastic recycling feedstock. On July 17, 2025, shortly after the period end, the Company signed a binding agreement to acquire 44% of GreenDot Global, Europe’s largest waste plastic recycling platform. GreenDot processes over 1 million tonnes of packaging waste annually and is projected to generate over €380 million in FY2025 revenues. It operates advanced sorting and mechanical recycling facilities in Germany, Austria, and Italy, and is expanding into advanced recycling feedstock supply.
The combination of Agilyx’s US-based Cyclyx joint venture (50%) with ExxonMobil (25%) and LyondellBasell (25%) together with GreenDot’s European platform, positions Agilyx as the leading, transatlantic investor in post-use plastic sourcing, sorting, and formulating custom feedstock solutions for the recycling industry.
CEO Commentary
“Our investment into GreenDot gives our shareholders exposure to significant European assets, providing scale, geographic reach, and capabilities to support EU petrochemical companies and brands seeking high-quality recycled plastic content. The investment sharpens our focus on solving one of the industry’s biggest challenges, securing reliable, on-spec feedstock for advanced recycling at industrial scale.”
Operational Update
Cyclyx Circularity Centers: Progress was made on the Houston-based CCC1 facility. The scope was refined following design optimization and process changes, resulting in Phase 1 being scaled to an initial advanced recycling output of approximately 50,000 tonnes per annum. This phased approach allows for modular additions of processing lines and expanded capacity in the future. Mechanical completion is targeted by the end of 2025. CCC2 in Dallas–Fort Worth is in the engineering phase, incorporating lessons from CCC1’s design. It remains on schedule for completion by the end of 2026 and within budget. Both facilities are supported by long-term offtake agreements with ExxonMobil and LyondellBasell.
GreenDot Integration: Transaction closing is expected in September 2025, subject to customary regulatory approvals. Joint workstreams have been initiated to align sourcing, technology, and customer engagement strategies across platforms.
Styrenyx: Agilyx has engaged Stifel as financial advisor to explore strategic partnership opportunities to monetize its proprietary polystyrene depolymerization technology, building on its successful commercial deployment in Japan.
Investor Event
Agilyx will host a virtual Business Update Presentation on August 21, 2025, at 14:00 CEST via Microsoft Teams.
Join the meeting by following the link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZWIxMDg5YzUtOTZmMC00ODgyLTlhODItNTFhYmI1MzJlMjFi%40thread.v2/0?context=%7b%22Tid%22%3a%229f131df5-27e1-4bd9-965f-c612def301a8%22%2c%22Oid%22%3a%226eb26b1b-2e7d-4b90-82e1-030b4f17ae64%22%7d
The event will be conducted in English and will include a Q&A session. A replay will be available at www.agilyx.com/investors/reports-presentations.
ABOUT AGILYX
Agilyx ASA is a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its 44% stake in GreenDot Global, Europe’s largest waste plastic recycling platform, generating over EUR 400 million in annual revenues, Agilyx gains access to large volumes of post-use plastic and advanced sorting and recycling infrastructure in Germany, Austria, and Italy, helping supply critical European-sourced feedstock to the European advanced recycling markets. Through Cyclyx, its (50%) joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Agilyx markets Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene waste into recycled styrene monomers for reuse in new, high-quality products. By enabling the shift from a linear “make-take-waste” model to a circular economy, Agilyx helps solve the crisis of plastic waste and supports the global transition to a low-carbon future.
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