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avantium Press release Avantium First Half 2026 Business and Financial Update : Avantium progresses toward FDCA Flagship Plant start- up , strengthens commercial and licensing momentum , and prepares financing package for next growth phase AMSTERDAM , 19 August 2026 , 07:00 hrs CEST - Avantium N.V. ( Euronext Amsterdam and Brussels : AVTX ) , a leading company in renewable and circular polymer materials , today provides a business and financial update for the first half of 2026 . Key Business Highlights Status of the start - up activities at the FDCA Flagship Plant : о о The oxidation unit of the FDCA Flagship Plant has been successfully commissioned , following the start - up of the utility systems and sugar dehydration unit , while commissioning activities for the purification unit are being finalized For the remainder of 2026 , Avantium will focus on full FDCA Flagship Plant start - up and production of the first batches of FDCA , completing qualification , and preparing for commercial sales under existing offtake agreements , expected to commence at the end of 2026 Commercial momentum further strengthened for FDCA and PEF : о о 22 offtake agreements have been secured to date for material to be produced in the FDCA Flagship Plant 15 capacity reservations have been secured to date , representing more than 150 kilotonnes of FDCA and PEF , to be produced in future licensed production facilities Multiple potential partners across Europe , Asia and North America are engaged in licensing discussions Strong regulatory momentum in Europe and beyond , supporting the adoption and use of PEF in a variety of applications Organization strengthened with the appointment of Floris Hekster as Chief Operations Officer ( COO ) Strategic focus sharpened : ○ In May , Avantium announced the divestment of the intellectual property of Ray Technology® to UPM о ○ In July , the Company announced the spin - out of its Volta Technology into an independent company , Carbeau Avantium is well - advanced in the process of spinning out Parana Technology into an independent company , Parana Materials B.V. Further investments in Dawn Technology® will be stopped Key Financial Developments • Revenue for the first half of 2026 was € 4.7 million ( H1 2025 : € 6.7 million ) . The decline is primarily due to lower sales in the R & D Solutions business EBITDA for HY 2026 was € -18.8 million ( H1 2025 : € -18.5 million ) Cash position was € 23.9 million as at 30 June 2026 ( 31 December 2025 : € 57.5 million ) The titanium welding remediation program , completed in April 2026 , caused a delay in the start - up of the FDCA Flagship Plant , resulting in a corresponding shift in expected revenues . With the Plant now further progressed toward start - up , the Company has greater visibility on its funding requirements and the additional capital needed to support ongoing operations , and the continued commercialization and licensing of its YXY® Technology for FDCA and PEF Key Funding Update Avantium is in dialogue with the NOM on the previously announced government - related investment initiative , consisting of a proposed € 20 million convertible loan from the NOM ( the Investment and Development Agency for the Northern Netherlands ) , acting on behalf of the Ministry of Economic Avantium N.V. , Zekeringstraat 29 , 1014 BV Amsterdam , the Netherlands , +31 20 586 8080 , P.O. Box 2915 , 1000 CX , Amsterdam , the Netherlands , info@avantium.com , www.avantium.com , C of C : 34138918 1