Agilyx finalizes GreenDot investment, expands European recycling presence

Agilyx ASA announced the imminent closing of its strategic investment in GreenDot Global S.à.r.l. on October 14, 2025, following EGM approval. This €52 million investment will see Agilyx owning approximately 44% of GreenDot, a pan-European plastic recycling platform. The consideration includes drawing a €20 million subordinated loan, issuing €32 million in Agilyx shares to GreenDot shareholders (14,866,554 shares at NOK 25.76 each), and €20 million in cash (€13 million for existing shares, €7 million as part of GreenDot's €27.5 million equity raise).

GreenDot is performing strongly, on track to meet its 2025 revenue forecast of €380 million with expected consolidated EBITDA of €12 million. Recent developments include a 10-year feedstock supply contract for 20,000-34,000 tons per annum from 2028, contributing €3-4 million annual EBITDA, and an agreement to acquire an Italian mechanical recycling facility.

Agilyx is addressing its financial runway, seeking to replace the subordinated loan and implement strategic measures like cost-reduction, partnerships, or asset sales to extend cash beyond Q1 2026. Delays and higher costs are anticipated for Cyclyx Circularity Center 1 (CCC1), expected commissioning in H1 2026, though any potential contributions from Agilyx are not due before 2026.