Pyrum Innovations AG publishes figures for the 2024 financial year

16 May 2025 07:30 CEST

Press Release
of Pyrum Innovations AG

Pyrum Innovations AG publishes figures for the 2024 financial year

• Significant year-on-year increase in sales of 76.3% to EUR 2.0 million
• Total output in the amount of EUR 11.7 million (2023: EUR 12.8 million)
• Consolidated net loss for the year of EUR -10.1 million (2023: EUR -9.5
million)
• Balanced EBITDA expected for 2026 and break-even for 2027

Dillingen / Saar, 16 May 2025 - Pyrum Innovations AG ("Pyrum", the "Company",
ISIN: DE000A2G8ZX8) today presented its annual and consolidated financial
statements for the 2024 financial year. Sales increased by 76.3% to EUR 2.0
million (2023: EUR 1.1 million). This was due in particular to the increase in
the volume of end-of-life tyres accepted, the resulting oil volumes and the
first sales recognition from consulting contracts with plant construction
partners (SPVs). However, it was not possible to significantly increase sales
from the sale of the rCB obtained, as the new grinding and pelletising plant was
still under construction in 2024. As a result, the overall sales development
fell short of expectations. The company expects a significant increase in sales
from the second half of 2025 onwards as a result of the commissioning of the new
grinding and pelletising plant and the increase in oil production from the new
reactors.

The Group generated total output of EUR 11.7 million (2023: EUR 12.8 million).
The decrease of 8.5% compared to the same period of the previous year was
primarily due to lower own work capitalised, which amounted to EUR 9.0 million
(2023: EUR 11.7 million) as construction of the plant expansion in Dillingen
progressed according to plan, while the main investment expenditure for the new
plant in Perl-Besch is expected for 2025 and 2026. The consolidated net loss for
the year was EUR -10.1 million (2023: EUR -9.5 million).

Pascal Klein, CEO of Pyrum Innovations AG: "We have an intensive year behind us
in which we have significantly advanced the development of Pyrum. We were
particularly pleased with the successful commissioning of our two new production
lines in Dillingen, which are now running as planned in regular operation. We
have also taken a major step forward with our planned plant in Perl-Besch - we
expect to receive the final building permit shortly. Internationally, we were
able to expand our project pipeline to ten plants, including a major project in
Antwerp and our market entry in Scandinavia. In addition, long-term purchase
agreements with Continental and Schwalbe give us new planning security. Despite
the challenging conditions, we are looking to the current year with great
confidence and are convinced that we will continue to develop Pyrum successfully
in 2025."

In light of the commissioning of the new grinding and pelletising plant and the
increase in oil production, the Executive Board of Pyrum Innovations AG expects
consolidated sales of between EUR 4.5 million and EUR 6.0 million for 2025 and
total output for the Group in the range of EUR 20 million to EUR 25 million.
EBIT is expected to be between EUR -8.5 million and EUR -10.5 million. EBITDA is
expected to be balanced in 2026, with break-even achieved in 2027.

Pyrum Innovations AG is also offering a webcast for investors, private
shareholders and members of the press on current business developments today,
Friday, 16 May 2025, at 11:30 am (CEST). Interested parties can register to
participate at
https://www.appairtime.com/de/event/b2448138-0c33-47ab-a20c-8302be373437.

The annual and consolidated financial statements 2024 of Pyrum Innovations AG
are available on the company's website at
https://www.pyrum.net/en/investors/financial-publications/.



About Pyrum Innovations AG

Pyrum Innovations AG has revolutionised the recycling market for end-of-life
tyres. Since 2008, the company has been developing an innovative thermolysis
technology that enables end-of-life tyres and plastics to be recycled with
virtually no emissions. The process can recover high-quality products such as
thermolysis oil and rCB (recovered Carbon Black), which are used by renowned
partners such as BASF, Continental and Schwalbe to manufacture new products. In
this way, the company closes the material cycle and pursues a 100% sustainable
business. Since 2020, the first plant at the company's headquarters in
Dillingen/Saar has been in continuous operation, and two further plants have
been added as part of the site expansion in 2024. Thanks to respected
certificates such as REACH and ISCC Plus, the products are high-quality,
sustainable and renewable. Pyrum has already received multiple awards for its
innovative solutions and continues to research potential waste streams.
www.pyrum.net/en/

Contact us
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
E-Mail: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstrasse 8
66763 Dillingen / Saar
E-Mail: presse@pyrum.net

More information:
Access the news on Oslo Bors NewsWeb site

646631_2025 05 14 ENG Pyrum Annual Report 2024 Final.pdf
646631_2025 05 16 CN Financial Figures 2024_EN_final.pdf