Press Release
of Pyrum Innovations AG

Pyrum Innovations AG publishes figures for the first half of 2025

o	Revenue increases by 79% to EUR 1,267 thousand (H1 2024: EUR 708 thousand)
o	Total output rises by 48% to EUR 6,712 thousand (H1 2024: EUR 4,536 thousand)
o	EBITDA improves to EUR -2,358 thousand (H1 2024: EUR -3,183 thousand) as a
result of investment subsidies affecting income (one-time effect), EBIT to EUR
-3,942 thousand (H1 2024: EUR -4,289 thousand)
o	Consolidated net income for the period also improved slightly to EUR -4,582
thousand (H1 2024: EUR -4,787 thousand)
o	Revenue and earnings forecast for the full year unchanged, total output
expected to be below expectations

Dillingen / Saar, 26 September 2025 - Pyrum Innovations AG ("Pyrum", the
"company", ISIN: DE000A2G8ZX8) published its consolidated financial report for
the period from 1 January to 30 June 2025 today. Revenue in the first six months
amounted to EUR 1,267 thousand, up around 79% on the same period last year (H1
2024: EUR 708 thousand). Capitalized own work amounted to EUR 5,214 thousand (H1
2024: EUR 3,614 thousand). The increase corresponds to ongoing investments
(material and labor costs) for the planned construction of the second Pyrum
plant in Perl-Besch and the assembly and commissioning work for the pyrolysis
gas power generation and grinding and pelletizing plant in Dillingen. Total
output increased by around 48% to EUR 6,712 thousand (H1 2024: EUR 4,536
thousand) due to the increase in revenue and higher capitalizable own work.

Other operating income nearly tripled compared to the previous year, reaching
EUR 2,303 thousand (H1 2024: EUR 800 thousand). This was due to investment
subsidies of EUR 2,011 thousand for the creation of jobs in Dillingen, resulting
from the completion of the main facilities for the plant expansion. Other
operating expenses were significantly higher than in the same period of the
previous year at EUR 2,176 thousand (H1 2024: EUR 1,600 thousand). This was due
to the new running costs incurred by the operation of TAD 2 and TAD 3. EBITDA
amounted to EUR -2,358 thousand (H1 2024: EUR -3,183 thousand), while EBIT was
EUR -3,942 thousand (H1 2024: EUR -4,289 thousand). Adjusted for non-recurring
investment grants of EUR 2,011 thousand (H1 2024: EUR 531 thousand), adjusted
EBITDA amounted to EUR -4,369 thousand (H1 2024: EUR -3,714 thousand) and
adjusted EBIT to EUR -5,954 thousand (H1 2024: EUR -4,820 thousand). The
consolidated net result for the period amounted to EUR -4,582 thousand (H1 2024:
EUR -4,787 thousand). Available liquidity as of 30 June 2025, amounted to EUR
2,878 thousand (31 December 2024: EUR 11,740 thousand). 

After the balance sheet date, a capital increase was carried out in July 2025,
raising EUR 5.6 million in additional equity through the placement of new
shares.

Pascal Klein, CEO of Pyrum Innovations AG: "Unfortunately, we are not yet where
we want to be in terms of the throughput of the new grinding and pelletizing
plant, but we are working closely with the manufacturer to find a solution.
Ideally, the necessary adjustments should take place in December 2025, but no
later than in the first quarter of 2026. In the meantime, a stable process for
production of 600-800 kg/h at 12-14 hours per day should lead to significant
increases in sales in the fourth quarter. For the remainder of 2025, our main
focus will be on the start of construction in Perl-Besch and the successful
completion of the commissioning of the new grinding and pelletizing plant. In
doing so, we want to lay the foundation for a significant expansion of capacity
and increasing sales."

Current developments in the expansion of the Dillingen site and the construction
of the new plant in Perl-Besch

In order to achieve a substantial increase in sales, the recovered carbon black
(rCB) produced in the new reactors must be ground and pelletized. The combined
commissioning of both plants began on schedule in July 2025. In the meantime, a
throughput of 800 kg/h has been achieved for a short time, meeting the
customer's quality standards. Initial samples have already been delivered to
tyre manufacturers, and Schwalbe has also purchased its first small quantities.
The grinding process is achieving the target volume of 1,650 kg/h. However, it
has not yet been possible to achieve this target throughput in pelletization.
The problem is allocated in the area of material transport between the two
plants, and the manufacturer is working on a suitable solution. 

Furthermore, the first maintenance of the two new production lines TAD 2 and 3
was successfully completed at the Dillingen site, and the cleaning cycles of the
plant were extended from four to eight weeks - without compromising on quality.

In Perl-Besch, the site of the new plant can now be officially connected to the
transport network and detailed planning for the construction work can begin.
Overall, the planning is already well advanced - the initial preparatory
groundwork has been successfully completed, long leads have been ordered, and
architects have been commissioned. The symbolic ground-breaking ceremony is
scheduled to take place before the end of this year.

Revenue and earnings forecast for the full year 2025 confirmed

For the full year 2025, management continues to anticipate an increase in
consolidated revenue from plant operations and revenue from consulting contracts
with customers. Overall, revenue of between EUR 4.5 million and EUR 6.0 million
is still forecast. Based on the current status of work and planning in the
project business, the company now expects the Group's total output for the 2025
financial year to be in the range of EUR 10 million to EUR 15 million, compared
to the previous forecast of EUR 20 million to EUR 25 million. The extensive
investments in plant components, originally planned for the second half of 2025,
will be postponed to the first half of 2026. The Group's earnings before
interest and taxes for the full year 2025 are still expected to be in the range
of EUR -8.5 million to EUR -10.5 million.

Pyrum Innovations AG is offering an English-language webcast for investors,
analysts, private shareholders and members of the press on current business
developments today, Friday, 26 September 2025, at 11:00 am (CEST). Interested
parties can register to participate at
https://www.appairtime.com/event/537ca059-a7d8-44a7-ae58-447414c23a10.

The Group Interim Report for the first half of 2025 of Pyrum Innovations AG is
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 tob e 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 sustainable
business model in line with climate targets. 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.
https://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