Pyrum Innovations (PYRUM) Q3 2025 earnings summary

Executive summary

• Revenue increased by 62.2% year-over-year to €1.76 million for the first nine months of 2025, driven by higher sales and project activity.

• Net loss widened to €8.24 million from €7.98 million year-over-year, reflecting higher personnel, depreciation, and operating costs from capacity expansion.

• Major plant expansions and new joint ventures in Czechia and Greece are underway, with significant grant funding secured.

• Cash capital increase in July 2025 raised €5.6 million to support new site development and joint ventures.

Financial highlights

• EBITDA (adjusted) improved to -€4.73 million from -€5.45 million year-over-year.

• Total output remained stable at €7.59 million.

• Other operating income more than tripled to €2.82 million, mainly from investment subsidies.

• Equity ratio decreased to 31.4% from 34.0% at year-end 2024.

• Cash and bank balances declined to €5.13 million from €11.74 million at year-end 2024.

Outlook and guidance

• Full-year 2025 revenue expected at the lower end of €4.5–6.0 million, assuming completion of consulting contracts.

• EBIT for 2025 forecasted between -€8.5 million and -€10.5 million.

• Full production capacity at the new pelletising plant expected by mid-2026.

• Further investments and capital increases planned to support growth and maintain balance sheet health.