Pyrum Innovations (PYRUM) Q4 2024 earnings summary

Executive summary

• Revenue increased by 75.9% year-over-year to EUR 2.02 million, driven by higher engineering services and project progress.

• Net loss widened to EUR -10.88 million from EUR -9.51 million year-over-year, reflecting higher personnel and interest expenses.

• Major plant expansion in Dillingen completed, tripling recycling capacity; new projects advanced in Germany and across Europe.

• Successful EUR 10 million capital increase in Q4 2024, with Schwalbe Holding GmbH becoming a key investor.

• Strategic partnerships and contracts secured with Continental, BASF, and Schwalbe, supporting long-term growth.

Financial highlights

• Revenue: EUR 2.02 million (up from EUR 1.15 million year-over-year).

• EBITDA: EUR -7.40 million (vs. EUR -7.09 million year-over-year); Adjusted EBITDA: EUR -8.16 million.

• Net result: EUR -10.88 million (vs. EUR -9.51 million year-over-year).

• Equity: EUR 21.50 million (down from EUR 22.38 million year-over-year); equity ratio fell to 33.2% from 43.9%.

• Available liquidity increased to EUR 11.74 million (from EUR 4.28 million year-over-year).

Outlook and guidance

• Focus in 2025 on commissioning new mill and pelletisation, and finalising planning and financing for the Perl-Besch plant.

• International expansion continues with new projects in Belgium, Czech Republic, Greece, Sweden, and Germany.

• IMF forecasts subdued economic growth in 2025; company expects gradual recovery in core markets.