Agilyx Reconfigures Operations as GreenDot Consolidation Takes Hold

The financial results for the first half of 2026 highlight a period of aggressive transition. While Agilyx posted a net profit of EUR 9.7 million, this figure was heavily influenced by EUR 30.2 million in non-cash accounting gains stemming from the change in control over GreenDot and Cyclyx, alongside a bargain purchase of Anviplas. Operating at the core level, Agilyx recorded an EBITDA loss of EUR 1.9 million, as the positive contributions from GreenDot were tempered by one-off costs related to convertible bond financing and the withdrawal from US joint ventures.

GreenDot itself remains the primary engine for the group, generating EUR 229 million in revenue and EUR 8.9 million in EBITDA for the half-year period. This performance was bolstered by recent acquisitions in Italy and France, specifically Forplast and RG Group. CEO Ranjeet Bhatia stated that the restructuring has successfully simplified the business model, leaving the firm with EUR 54.5 million in cash and cash equivalents to navigate the remainder of the year. With GreenDot projected to reach EUR 19 million in EBITDA for 2026, Agilyx is now prioritizing capacity expansion and product quality to capture regulatory-driven demand across its European infrastructure.