Elopak reports EBITDA of US$57.1M in Q3 2025

NORWAY – Elopak ASA has reported its highest quarterly EBITDA of USD 57.1 million (EUR 49.1 million) for the third quarter of 2025, corresponding to a 17.0% margin.

Organic revenue grew by 1.2% year-over-year to US$337 million (EUR 289.7 million), driven by continued momentum in the Americas, with sales growth of 18% on a constant-currency basis.

 The USA plant in Little Rock delivered its first profitable quarter, marking a key milestone in Elopak’s strategic expansion.

One year ahead of plan, Elopak today announces it will accelerate capacity in Little Rock with a third production line in response to customer demand.

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.”

Elopak reports revenues of EUR 289.7 million in Q2 2025

Recently, the company reported revenues of US$337 million (EUR 289.7 million) for the second quarter 2025. This represents growth of 2.4% year over year, adjusted for currency effects, primarily driven by the Americas and supported by the ramp-up of the new U.S. plant.

The Group EBITDA margin for the second quarter was 15.4%. Adjusted for the ramp-up of the new U.S. plant, the EBITDA margin was 15.8%. Organic revenue growth was 2.4%

Strong sales growth in the Americas, up 14% from last year on a constant currency basis

The USA plant is in commercial production. Target remains to be fully ramped up by the end of the year

Solid cash flow generation through the quarter, enabling continued high capex and dividend payment whilst maintaining stable leverage at 2.3x.

The Board declares a dividend of EUR 0.03 per share for the first half of 2025, in line with our dividend policy. The first installment of the 2024 dividend of EUR 0.08 per share was paid in May.

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