Elopak’s third quarter (Q3): Strong profitability and strategic expansion in the Americas

Elopak ASA reports its highest quarterly EBITDA to date of EUR 49.1 million for the third quarter of 2025, corresponding to a margin of 17.0%. Organic revenue grew by 1.2% year-over-year to EUR 289.7 million, driven by continued momentum in the Americas, with sales growth of 18% year-over-year on a constant currency basis. The U.S. plant in Little Rock delivered its first profitable quarter, marking a key milestone in Elopak’s strategic expansion. One year ahead of plan, Elopak announces today the decision to accelerate the capacity in Little Rock with a third production line in response to customer demand.

Q3 2025 highlights:

  • Highest EBITDA to date of EUR 49.1 million and a strong 17.0% margin with organic revenue growth of 1.2%
  • Strong sales growth in the Americas, up 18% year-over-year on a constant currency basis. The new U.S. plant in Little Rock continues to ramp up commercial production, successfully delivering its first profitable quarter
  • Decision to accelerate capacity expansion in Little Rock with 30 MUSD investment in a third production line
  • The Group’s balance sheet improved during the quarter, with solid cash flow reducing net debt by EUR 34 million and leverage to 2.1x

Commenting on Elopak’s performance, CEO Thomas Körmendi said:

“This quarter demonstrates how our strategy is translating into real progress – realizing growth in our global markets, expanding our product portfolio to better serve and grow with our customers, and advancing the shift away from plastics. The profitability milestone in Little Rock and the decision to invest in a third production line reflects our confidence in the Americas and our commitment to long-term partnerships and to sustainable, high-quality packaging solutions that meet our customers’ needs.”

Every quarter ahead of the earnings announcement, Elopak collects earnings estimates from the equity analysts currently covering Elopak. The consensus estimates and the methodology used are published on the Elopak’s Investor Relations website: www.elopak.com/investor-relations/share-information/analyst-coverage/.

The Q3 2025 results will be presented on October 28, 2025, at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, Oslo. The presentation will be held in English by CEO Thomas Körmendi and CFO Bent Kilsund Axelsen. To access the live webcast of the results presentation, use the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20251028_2/
For the full report and presentation, please see the attachment or visit www.elopak.com/investor-relations.