- Revenue increases by 79% to EUR 1,267 thousand (H1 2024: EUR 708 thousand)
- Total output rises by 48% to EUR 6,712 thousand (H1 2024: EUR 4,536 thousand)
- EBITDA improves to EUR ‑2,358 thousand (H1 2024: EUR ‑3,183 thousand) as a result of investment subsidies affecting income (one-time effect), EBIT to EUR ‑3,942 thousand (H1 2024: EUR ‑4,289 thousand)
- Consolidated net income for the period also improved slightly to EUR ‑4,582 thousand (H1 2024: EUR ‑4,787 thousand)
- Revenue and earnings forecast for the full year unchanged, total output expected to be below expectations
Dillingen /Saar, 26 September 2025 – Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) today announced its Group Financial Report published for the period from 1 January to 30 June 2025. Revenue in the first six months totalled € 1,267 thousand and was therefore around € 79 thousand higher than in the same period of the previous year (H1 2024: € 708 thousand). Own work capitalised amounted to € 5,214 thousand (H1 2024: € 3,614 thousand). The increase corresponds to the ongoing investments (cost of materials and labour) for the planned construction of the second Pyrum plant in Perl-Besch and the assembly and commissioning work for the Pyrolysis gas power generation and the grinding and pelletising plant in Dillingen. Total operating performance increased by around € 48,000 thousand to € 6,712 thousand (H1 2024: € 4,536 thousand) due to the increase in sales and higher own work capitalisable.
At € 2,303 thousand (H1 2024: € 800 thousand), other operating income almost tripled compared to the previous year. This is due to Investment grants in the amount of € 2,011 thousand for the creation of jobs in Dilligen resulting from the completion of the main facilities for the plant expansion. At € 2,176 thousand (H1 2024: € 1,600 thousand), other operating expenses were significantly higher than in the same period of the previous year. This is due to the newly added running costs from the operation of the TAD 2 and TAD 3. EBITDA amounted to € ‑2,358 thousand (H1 2024: € ‑3,183 thousand), while EBIT totalled € ‑3,942 thousand (H1 2024: € ‑4,289 thousand). Adjusted for non-recurring investment grants totalling € 2,011 thousand (H1 2024: € 531 thousand), adjusted EBITDA amounted to € ‑4,369 thousand (H1 2024: € ‑3,714 thousand) and adjusted EBIT to € ‑5,954 thousand (H1 2024: € ‑4,820 thousand). The consolidated net loss for the period amounted to € ‑4,582 thousand (H1 2024: € ‑4,787 thousand). The available liquidity as at 30 June 2025 was € 2,878 thousand (31 December 2024: € 11,740 thousand).
After the balance sheet date, in July 2025 a Capital increase 5.6 million was raised through the placement of new shares. Equity capital was acquired.
Pascal KleinCEO of Pyrum Innovations AG: “Unfortunately, we are not yet where we want to be in terms of the throughput of the new grinding and pelletising plant, but we are working closely with the manufacturer to find a solution. Ideally, the necessary adjustments should take place in December 2025, but no later than the first quarter of 2026. In the meantime, a stable process for a production of 600–800 kg/h at 12–14 hours per day should lead to significant increases in sales in the fourth quarter. For the remainder of 2025, our main focus will be on the start of construction in Perl-Besch and the successful completion of the commissioning of the new grinding and pelletising plant. In doing so, we want to lay the foundation for a significant Capacity expansion and increasing sales.”
Current developments in the expansion of the Dillingen site and the construction of the new plant in Perl-Besch
For a substantial increase in sales, the grinding and pelletising of the material produced in the new reactors is essential. recovered Carbon Black (rCB) required. The combined commissioning of both systems began on schedule in July 2025, and a throughput of 800 kg/h has since been achieved for a short time, meeting the customer’s quality standards. The first samples have already been delivered to tyre manufacturers. Swallow The first small quantities were purchased. The Grinding process achieves the target volume of 1,650 kg/h. However, it has not yet been possible to achieve this target throughput in the pelletising process. The problem lies in the area of material conveying between the two systems and the manufacturer is working on a suitable solution.
In addition, the first new production line was opened at the Dillingen site. Maintenance of the two new production lines TAD 2 and 3 successfully completed and the Cleaning cycles The plant’s operating time has been extended from four to eight weeks – without compromising on quality.
The site of the new plant in Perl-Besch can now be officially connected to the transport network and the concrete planning of the construction work can begin. Overall, planning is already well advanced – the initial preparatory ground work has been successfully completed, long leads have been ordered and architects have been commissioned. The symbolic Ground-breaking ceremony is planned for this year.
Revenue and earnings forecast for the full year 2025 confirmed
For 2025 as a whole, the management continues to expect an increase in the Group sales from the operation of the plant and the sales from the Consulting contracts with customers. Overall, sales of between € 4.5 million and € 6.0 million are still forecast. Based on the current status of work and planning in the project business, the company currently expects the Group’s total operating performance for the 2025 financial year to be in the range of € 10 million to € 15 million, compared to the previous forecast of € 20 million to € 25 million. The extensive project work originally planned for the second half of 2025 Investments in plant components will shift to the first half of 2026. The Group’s earnings before interest and taxes are still expected to be in the range of € ‑8.5 million to € ‑10.5 million for the full year 2025.
Pyrum Innovations AG is offering an English-language webcast for investors, analysts, private shareholders and members of the press on current business developments today, Friday, 26 September 2025, at 11:00 am (CEST). Interested parties can register to participate at https://www.appairtime.com/event/537ca059-a7d8-44a7-ae58-447414c23a10 .
The Group interim report for the first half of 2025 of Pyrum Innovations AG is available on the company’s website at https://www.pyrum.net/en/investors/financial-publications/ .
