Pyrum Innovations AG (Pyrum) published its consolidated financial results for the first half of 2025, reporting revenue of EUR 1.27 million, up 79% from the same period in 2024. Total output rose 48% to EUR 6.71 million, supported by ongoing investments in the second Pyrum plant in Perl-Besch and commissioning work for new facilities in Dillingen. Capitalized own work reached EUR 5.21 million, compared to EUR 3.61 million a year earlier.

Other operating income nearly tripled to EUR 2.3 million, mainly due to subsidies for job creation linked to the Dillingen plant expansion. Operating expenses increased to EUR 2.18 million, reflecting the costs of operating the new production lines TAD 2 and TAD 3. EBITDA improved to EUR -2.36 million (H1 2024: EUR -3.18 million), while EBIT came in at EUR -3.94 million (H1 2024: EUR -4.29 million). The net result for the period was EUR -4.58 million. Liquidity stood at EUR 2.88 million as of 30 June 2025. In July, Pyrum raised an additional EUR 5.6 million in equity through a capital increase.

CEO Pascal Klein acknowledged challenges with the new grinding and pelletizing plant: “Unfortunately, we are not yet where we want to be in terms of the throughput... Ideally, the necessary adjustments should take place in December 2025, but no later than in the first quarter of 2026.” He added that a stable production of 600–800 kg/h should drive higher sales in the fourth quarter, while priorities for the remainder of 2025 include starting construction in Perl-Besch and completing the commissioning process.

At Dillingen, commissioning of new plants began in July, and a short-term throughput of 800 kg/h was achieved, meeting customer standards. Initial samples were delivered to tyre manufacturers, with Schwalbe purchasing its first quantities. However, bottlenecks remain in pelletization due to material transport issues. Maintenance of new production lines was successfully completed, and cleaning cycles were extended from four to eight weeks.

According to Pyrum, Preparations for the Perl-Besch site are progressing, with transport network connections completed, long-lead components ordered, and architects commissioned. A groundbreaking ceremony is expected before year-end. The new plant is intended to significantly expand production capacity.

For the full year 2025, Pyrum confirmed its revenue forecast of EUR 4.5–6.0 million, with total output now expected at EUR 10–15 million, revised down from EUR 20–25 million. EBIT is forecast between EUR -8.5 million and EUR -10.5 million. Investments originally planned for the second half of 2025 will be postponed to the first half of 2026.

Learn more in the original article by Pyrum Innovations AG.