Pyrum Innovations (PYRUM) Q4 2025 earnings summary

Executive summary

• Revenue doubled year-over-year to €4.1 million, driven by consulting services, but missed the full-year forecast due to delayed TTB® sales from plant expansion.

• Significant progress in plant expansion and new project launches, including the groundbreaking of a second plant in Perl-Besch and joint ventures in the Czech Republic and Germany.

• Capital increase in December 2025 raised €13 million to fund expansion and joint ventures.

Financial highlights

• Revenue: €4.1 million (up from €2.0 million year-over-year).

• EBITDA: €-5.7 million (improved from €-5.9 million year-over-year); Adjusted EBITDA: €-7.9 million.

• EBIT: €-9.2 million (within forecast range); Net loss: €-10.5 million (slightly higher than €-10.1 million prior year).

• Equity increased to €30.4 million (from €22.2 million); equity ratio rose to 41.2%.

• Available liquidity at year-end: €17.0 million (up from €11.7 million).

Outlook and guidance

• Focus on commissioning the new mill and pelletizing plant and detailed planning for the Perl-Besch facility.

• Priority on advancing customer projects in the Czech Republic, Greece, Belgium, and Thuringia.

• IMF forecasts stable global growth (3.3%) for 2026; German GDP expected to grow 1.1%, but risks from geopolitical tensions and oil prices remain.