Elopak ASA (“Elopak”, Oslo Børs Ticker: ELO) 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.

For further information, please contact:
Christian Gjerde, Head of Treasury and Investor Relations
E-mail: christian.gjerde@elopak.com
Tel: +47 980 60 909

Erica Binde Honningsvåg, Investor Relations and Treasury Officer
E-mail: erica.honningsvaag@elopak.com
Tel: +47 975 91 102

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication at 2025-10-28 07:00 CET.

About Elopak
Elopak is a leading global supplier of carton packaging and filling equipment. The company’s iconic Pure-Pak® cartons are made using renewable, recyclable and sustainably sourced materials, providing a natural and convenient alternative to plastic bottles that fits within a low carbon circular economy.

Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in 2021. Today it employs 2,850 people and sells 16 billion cartons annually across more than 70 countries.

Elopak is a UN Global Compact participant member. We have set Science Based Targets to reduce emissions in line with the 1.5-degree trajectory and aim to be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were rated top 2% sustainable companies in the world.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.

Attachments
Elopak ASA Q3 2025 Report
Elopak ASA Q3 2025 Presentation

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