Norway · Delayed Price · Currency is NOK Agilyx ASA Earnings Call Transcripts
Fiscal Year 2026
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The meeting approved the issuance of tranche two of a convertible loan for EUR 15.8 million with near-unanimous support. All agenda items, including chair election and agenda approval, passed with 100% or near-100% votes.
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Reorganization eliminates near-term CapEx and funding risk, fully redeems senior debt, and consolidates Cyclyx ownership, enabling a shift to profitable European growth via GreenDot. Liquidity is secure through mid-2026, with flexible U.S. offtake options and ambitious expansion targets for GreenDot.
Fiscal Year 2025
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Transitioned to a global investment platform with major stake in Green Dot, expanding EU presence. H1 2025 saw stable revenues, narrowed losses, and improved liquidity. Green Dot and Cyclyx expected to drive significant EBITDA and income growth by 2030.
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AGM saw 73% share capital represented, with all agenda items—including annual accounts, remuneration, and board authorizations—approved by strong majorities. Most items passed unanimously, with minor opposition on select votes.
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Significant progress was made in 2024, including expansion of US and EU operations, major cost reductions, and strong project financing. Cyclyx and Styrenix platforms are scaling, with robust demand and first-mover advantages in advanced recycling feedstock. Cash flow positive is expected by 2027.