Pyrum Innovations AG publishes figures for the first half of 2025
Press Releaseof Pyrum Innovations AG
Pyrum Innovations AG publishes figures for the first half of 2025
o Revenue increases by 79% to EUR 1,267 thousand (H1 2024: EUR 708thousand)o Total output rises by 48% to EUR 6,712 thousand (H1 2024: EUR 4,536thousand)o EBITDA improves to EUR -2,358 thousand (H1 2024: EUR -3,183 thousand)as aresult of investment subsidies affecting income (one-time effect), EBIT to EUR-3,942 thousand (H1 2024: EUR -4,289 thousand)o Consolidated net income for the period also improved slightly to EUR-4,582thousand (H1 2024: EUR -4,787 thousand)o Revenue and earnings forecast for the full year unchanged, total outputexpected to be below expectations
Dillingen / Saar, 26 September 2025 - Pyrum Innovations AG ("Pyrum", the"company", ISIN: DE000A2G8ZX8) published its consolidated financial report forthe period from 1 January to 30 June 2025 today. Revenue in the first sixmonthsamounted to EUR 1,267 thousand, up around 79% on the same period last year (H12024: EUR 708 thousand). Capitalized own work amounted to EUR 5,214 thousand(H12024: EUR 3,614 thousand). The increase corresponds to ongoing investments(material and labor costs) for the planned construction of the second Pyrumplant in Perl-Besch and the assembly and commissioning work for the pyrolysisgas power generation and grinding and pelletizing plant in Dillingen. Totaloutput increased by around 48% to EUR 6,712 thousand (H1 2024: EUR 4,536thousand) due to the increase in revenue and higher capitalizable own work.
Other operating income nearly tripled compared to the previous year, reachingEUR 2,303 thousand (H1 2024: EUR 800 thousand). This was due to investmentsubsidies of EUR 2,011 thousand for the creation of jobs in Dillingen,resultingfrom the completion of the main facilities for the plant expansion. Otheroperating expenses were significantly higher than in the same period of theprevious year at EUR 2,176 thousand (H1 2024: EUR 1,600 thousand). This wasdueto the new running costs incurred by the operation of TAD 2 and TAD 3. EBITDAamounted to EUR -2,358 thousand (H1 2024: EUR -3,183 thousand), while EBIT wasEUR -3,942 thousand (H1 2024: EUR -4,289 thousand). Adjusted for non-recurringinvestment grants of EUR 2,011 thousand (H1 2024: EUR 531 thousand), adjustedEBITDA amounted to EUR -4,369 thousand (H1 2024: EUR -3,714 thousand) andadjusted EBIT to EUR -5,954 thousand (H1 2024: EUR -4,820 thousand). Theconsolidated net result for the period amounted to EUR -4,582 thousand (H12024:EUR -4,787 thousand). Available liquidity as of 30 June 2025, amounted to EUR2,878 thousand (31 December 2024: EUR 11,740 thousand).
After the balance sheet date, a capital increase was carried out in July 2025,raising EUR 5.6 million in additional equity through the placement of newshares.
Pascal Klein, CEO of Pyrum Innovations AG: "Unfortunately, we are not yetwherewe want to be in terms of the throughput of the new grinding and pelletizingplant, but we are working closely with the manufacturer to find a solution.Ideally, the necessary adjustments should take place in December 2025, but nolater than in the first quarter of 2026. In the meantime, a stable process forproduction of 600-800 kg/h at 12-14 hours per day should lead to significantincreases in sales in the fourth quarter. For the remainder of 2025, our mainfocus will be on the start of construction in Perl-Besch and the successfulcompletion of the commissioning of the new grinding and pelletizing plant. Indoing so, we want to lay the foundation for a significant expansion ofcapacityand increasing sales."
Current developments in the expansion of the Dillingen site and theconstructionof the new plant in Perl-Besch
In order to achieve a substantial increase in sales, the recovered carbonblack(rCB) produced in the new reactors must be ground and pelletized. The combinedcommissioning of both plants began on schedule in July 2025. In the meantime,athroughput of 800 kg/h has been achieved for a short time, meeting thecustomer's quality standards. Initial samples have already been delivered totyre manufacturers, and Schwalbe has also purchased its first smallquantities.The grinding process is achieving the target volume of 1,650 kg/h. However, ithas not yet been possible to achieve this target throughput in pelletization.The problem is allocated in the area of material transport between the twoplants, and the manufacturer is working on a suitable solution.
Furthermore, the first maintenance of the two new production lines TAD 2 and 3was successfully completed at the Dillingen site, and the cleaning cycles oftheplant were extended from four to eight weeks - without compromising onquality.
In Perl-Besch, the site of the new plant can now be officially connected tothetransport network and detailed planning for the construction work can begin.Overall, the planning is already well advanced - the initial preparatorygroundwork has been successfully completed, long leads have been ordered, andarchitects have been commissioned. The symbolic ground-breaking ceremony isscheduled to take place before the end of this year.
Revenue and earnings forecast for the full year 2025 confirmed
For the full year 2025, management continues to anticipate an increase inconsolidated revenue from plant operations and revenue from consultingcontractswith customers. Overall, revenue of between EUR 4.5 million and EUR 6.0millionis still forecast. Based on the current status of work and planning in theproject business, the company now expects the Group's total output for the2025financial year to be in the range of EUR 10 million to EUR 15 million,comparedto the previous forecast of EUR 20 million to EUR 25 million. The extensiveinvestments in plant components, originally planned for the second half of2025,will be postponed to the first half of 2026. The Group's earnings beforeinterest and taxes for the full year 2025 are still expected to be in therangeof EUR -8.5 million to EUR -10.5 million.
Pyrum Innovations AG is offering an English-language webcast for investors,analysts, private shareholders and members of the press on current businessdevelopments today, Friday, 26 September 2025, at 11:00 am (CEST). Interestedparties can register to participate athttps://www.appairtime.com/event/537ca059-a7d8-44a7-ae58-447414c23a10.
The Group Interim Report for the first half of 2025 of Pyrum Innovations AG isavailable on the company's website athttps://www.pyrum.net/en/investors/financial-publications/.
About Pyrum Innovations AG
Pyrum Innovations AG has revolutionised the recycling market for end-of-lifetyres. Since 2008, the company has been developing an innovative thermolysistechnology that enables end-of-life tyres and plastics tob e recycled withvirtually no emissions. The process can recover high-quality products such asthermolysis oil and rCB (recovered Carbon Black), which are used by renownedpartners such as BASF, Continental and Schwalbe to manufacture new products.Inthis way, the company closes the material cycle and pursues a sustainablebusiness model in line with climate targets. Since 2020, the first plant atthecompany's headquarters in Dillingen/Saar has been in continuous operation, andtwo further plants have been added as part of the site expansion in 2024.Thanksto respected certificates such as REACH and ISCC Plus, the products arehigh-quality, sustainable and renewable. Pyrum has already received multipleawards for its innovative solutions and continues to research potential wastestreams.https://www.pyrum.net/en/
Contact usIR.on AGFrederic HilkePhone: +49 221 9140 970 E-mail: pyrum@ir-on.com
Pyrum Innovations AGDieselstraße 866763 Dillingen / Saar E-mail: presse@pyrum.net
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