Financial highlights 1st quarter 2026

(comparison figures are from the corresponding period last year, CC = constant
currency)

  · Revenues were 334 MEUR, up 9% (12% CC) in TOMRA Group (1Q25: 306 MEUR)
    · up 12% in Collection (15% CC) driven by 5% growth (CC) in existing markets
and deliveries in Poland and Portugal
    · down 19% (19% CC) in Recycling, reflecting recent low order intake in a
challenging market environment
    · up 13% in Food (17% CC), reflecting continued strong commercial activity

  · Gross margin of 40.2% (1Q25: 42.6%), negatively impacted by short-term
product mix in all segments, in addition to low volumes (scale) in Recycling
  · Operating expenses (adj. for special items) was 108 MEUR (1Q25: 104 MEUR),
driven by inflation, Clynk and ramp-up in UK and Poland
  · Special items were -13 MEUR in the quarter (1Q25: 0 MEUR) related to cost
reduction program in Recycling
  · EBITA (adj. for special items) was 26 MEUR (1Q25: 26 MEUR)
  · EPS (adj. for special items) was 0.02 EUR (1Q25: 0.03 EUR)
  · Cash flow from operations was 60 MEUR (1Q25: 65 MEUR)
  · Recycling order intake 41 MEUR (1Q25: 61 MEUR), with sentiment in line with
previous quarters
  · Food order intake 80 MEUR (1Q25: 87 MEUR), with positive market sentiment
continuing and strong comparables

Tove Andersen, President and CEO of TOMRA Systems ASA comments:

"Q1 confirms that we are on the right track. The rollout in Poland is
accelerating, we are actively positioning ourselves in upcoming markets
including the UK, while underlying growth in existing markets was 5%. Food
delivered good growth and strong commercial activity continues. Recycling is
still facing a challenging market, but we are executing on our 16 MEUR cost
reduction program which will gradually improve profitability. The quarter was
impacted by short-term product mix effects, but the underlying development in
all segments gives us confidence going forward."

Revenues in TOMRA Group grew 9% (12% CC) to 334 MEUR in the quarter (1Q25: 306
MEUR). Collection revenues grew 12% (15% CC) to 208 MEUR (1Q25: 185 MEUR) with
steady growth in existing markets and new markets contributing 49 MEUR - mainly
driven by the installed base in Poland surpassing 4,000 RVMs. In Recycling,
revenues fell 19% (19% CC) to 37 MEUR (1Q25: 46 MEUR) following decline in
orders last year given the weak market sentiment. In Food, revenues grew 13%
(17% CC) to 79 MEUR (1Q25: 70 MEUR) as citrus continued to grow and diversify
revenue streams.

The order intake in Recycling was 41 MEUR in the quarter (1Q25: 61 MEUR),
reflecting a continued challenging market environment with sentiment in line
with the past three quarters. In Food the order intake was down 8% to 80 MEUR
(1Q25: 87 MEUR) due to strong comparables with the positive market sentiment
continuing.

Gross margin for TOMRA Group was 40.2% in the quarter (1Q25: 42.6%), driven by
negative mix effects across the divisions. Collection at 39.5% (1Q25: 41.0%) had
a higher share of RVM sales to services combined with lower product margin in
Poland. Recycling at 40.5% (1Q25: 44.7%) had low volumes (scale effect) and a
continued high share of metals. Food at 40.8% (1Q25: 43.8%) had a larger-than
-normal share of third-party peripheral equipment sales related to large
packhouse projects.

Operating expenses, adjusted for special items, increased 4% to 108 MEUR in the
quarter (1Q25: 104 MEUR), driven by inflation, ramp-up in UK and Poland and
Clynk.

This left EBITA adj. at EUR 26M, same as last year, with an EBITA adj. margin of
7.7% (1Q25: 8.4%).

Webcast

President & CEO Tove Andersen and CFO Eva Sagemo will present the results today
at 08:00 CEST. The presentation and Q&A session will be sent via live webcast
and will be available on demand shortly after the presentation:

https://qcnl.tv/p/b31g2-hhZd8UsuDBJqLtog

Analysts and investors who would like to actively participate in the live Q&A
session must register separately for the TEAMS webinar:

https://events.teams.microsoft.com/event/bb918205-41d0-4007-b980
-b93612b78e3c@4308d118-edd1-4300-8a37-cfeba8ad5898

Asker, 24 April 2026

TOMRA Systems ASA

For questions, please contact:
Eva Sagemo, CFO: +47 934 39 911
Daniel Sundahl, VP Head of IR: +47 913 61 899

For media inquiries, please contact:
Mathilde Hellenes, VP Public Relations: +47 456 78 255

TOMRA develops solutions that enable circular economies and optimal resource
productivity through automated identification, collection, grading, and sorting
of resources. We optimize how resources are obtained, used, and reused - turning
waste into valuable resources. Our vision is to lead the resource revolution and
enable a world without waste.

TOMRA has approximately 119,900 installations in over 100 markets worldwide. The
Group had total revenues of EUR 1,318 million in 2025 and employs 5,800 people
globally. TOMRA Systems ASA is publicly listed on the Oslo Stock Exchange (OSE:
TOM). For further information about TOMRA, please visit www.TOMRA.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.