Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Q3 2026 Earnings Presentation
21 slides from Tomra Systems Asa's earnings presentation, Oct 23, 2026
Slide 1: 3rd quarter 2026 results announcement
3 quarter 2026 rd results announcement TOMRA Systems ASA 23 October 2026 © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Group highlights
Collection 21% revenue growth driven by strong existing market performance and continued new market activity, lower gross margin reflecting business mix Revenues: 217 MEUR EBITA: 36 MEUR Recycling Group Revenues up 34%, gross margin up on higher volume and COGS savings, higher order intake driven by
Slide 4: Collection Business update
Strong quarterly revenues Collection Business update +21% • Existing markets: 246 217 • 19% growth driven by Germany, North America and Australia, including one-off 207 208 69 kiosk sales conversion in Canada and the Clynk acquisition 24 179 35 49 • New technology standards in the German deposit sys
Slide 5: UK DRS launch
• The scheme is scheduled to launch in October 2027 with high industry commitment • The UK Deposit Management Organization (UK DMO) will be system operator for England, Scotland, Northern Ireland and Wales • The scheme will cover single-use PET plastic and aluminum drink containers (Glass only in Wa
Slide 6: Recycling Business update
Revenue improved from a weak comparison quarter Recycling Business update • Revenue grew 34% across all segments except plastics recycling +34% • Order intake includes 26 MEUR exceptionally large Mining orders, 75 stable sequential LTM development excluding Mining • Overall market sentiment broadly
Slide 7: Food Business update
Revenue growth across several categories Food Business update • Revenue growth across several categories, with strong deliveries +13% in citrus, blueberries and vegetables offsetting the anticipated 99 downcycle in potatoes 88 86 79 • Order intake broadly stable year on year 76 • EMEA continues to p
Slide 8: Horizon Business update
Stable revenue development Horizon Business update -1% • Focus on scaling and realizing value out of current portfolio 12 • c-trace: Revenues down compared to the same quarter last 11 10 10 10 year due to phasing, while profitability remained strong with an EBITA margin above 20% • Feedstock: Revenu
Slide 9: Financials and outlook
miarclalerelis and outlook
Slide 10: Collection P&L
Collection P&L Comments • Revenues up 21% (18% CC) o 19% growth in existing markets from Germany, Canada, US incl. Clynk (8 MEUR) and Australia o 24 MEUR revenues in new markets, driven by Poland, Singapore and Romania • Lower quarterly gross margin due to Quarter Year-to-Date 9 Months o Business mi
Slide 11: Recycling P&L
Recycling P&L Comments Quarter Year-to-Date 9 Months • Revenues up 34% compared to a weak quarter last year EUR million 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 • Quarterly gross margin up on volume effect and Revenues 54 51 37 75 40 141 143 COGS savings Europe 29 35 25 48 27 89 88 • Operating expenses ma
Slide 12: Food P&L
Food P&L Quarter Year-to-Date 9 Months Comments EUR million 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 • Revenues up 13% driven by broad-based category Revenues 86 99 79 88 76 264 240 growth despite the downcycle in potatoes Europe 30 43 23 19 28 96 80 • Stable gross margin, positive volume effect offset by
Slide 13: Horizon & Group Functions
Horizon & Group Functions Horizon Quarter Year-to-Date 9 Months Comments (Horizon) EUR million 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 • Revenues reflecting ramp-up of Områ, c-trace down 13% compared to same quarter last year Revenues 10 10 10 12 11 31 20 due to phasing Gross contribution 5 5 5 6 7 15 14
Slide 14: Group P&L
Group P&L Quarter Year-to-Date 9 Months Comments EUR million 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 • Revenues in TOMRA Group up 20%, driven by Revenues 366 405 334 382 306 1,105 937 growth across all three divisions Collection 217 246 208 207 179 671 534 • Gross margin decline year-over-year driven by
Slide 15: FX P&L bridge
FX P&L bridge Growth % Growth 3Q25 FX 3Q26 in LC CC Reported Comments Group • Modest FX impact compared to the same Revenues 306 53 7 366 17% 20% quarter last year, mainly in Collection Operating expenses 104 2 3 110 2% 5% EBITA adj. 30 16 1 47 53% 55% • FX provided a tailwind to Collection revenue,
Slide 16: Cash flow and capital
Cash flow and capital Comments • Cash flow from operations 112 MEUR • Working capital decreased as receivables from Cash flow from operations, YTD Cash flow from investments, YTD new market activities in Collection were EUR millions Range 2023-2025 EUR millions 2026 Range 2023-2025 converted into ca
Slide 17: Financing
Financing Comments • Weighted average debt maturity of 3.8 years Debt maturity profile Liquidity buffer • Liquidity buffer: 390 MEUR Bonds and 28 MEUR Eksfin financing, EUR millions EUR millions o RCF of 150 MEUR running until December 2028 93 92 218 o EUR 135 million undrawn liquidity buffer 77 inc
Slide 18: Outlook
Short term outlook Long term drivers • Revenues in 2H26 expected at ~410-430 MEUR, with some • Regulation is driving new deposit markets (EU SUPD, PPWR) early installations in UK in late 2026 • Mid-single-digit growth expected on average in existing markets • Quarterly gross margin of >40% in 2H26,
Slide 19: Capital Markets Update
Save the date: Capital Markets Update 24 November 2026 @ TOMRA HQ, Asker
Slide 20: Copyright and Disclaimer
Copyright The material in this Document (which may be a presentation, video, brochure or other material), hereafter called Document , including copy, photographs, drawings and other images, remains the property of TOMRA Systems ASA or third-party contributors where appropriate. No part of this Docum
Slide 21: www.tomra.com
www.tomra.com 21