Press release
of Pyrum Innovations AG

Pyrum Innovations AG publishes preliminary results for the financial year 2024

o	Sales of EUR 2,017 thousand up 76% on the previous year (2023: EUR 1,147
thousand)
o	Total output declines as expected to EUR 10,194 thousand (2023: EUR 12,799
thousand)
o	Preliminary consolidated net result for the year of EUR -10,883 thousand
(2023: EUR -9,511 thousand)

Dillingen / Saar, March 28, 2025 - Pyrum Innovations AG ("Pyrum", the "Company",
ISIN: DE000A2G8ZX8) today published its trading update for the fourth quarter of
2024 and preliminary figures for the full year 2024. The company's earnings and
financial position in the 2024 financial year continued to be characterised by
investments at the headquarters in Dillingen and for orders of system components
with long delivery times for the new site in Perl-Besch. In addition, there were
investments in the expansion of the workforce and the further development of the
organisational structure.

Sales increased by 76% year-on-year to EUR 2,017 thousand in the 2024 financial
year (2023: EUR 1,147 thousand). Own work capitalised amounted to EUR 7,468
thousand (2023: EUR 11,712 thousand) as construction of the plant expansion in
Dillingen and the new plant in Perl-Besch progressed according to plan. The
decline corresponds to the lower cost of materials required to produce own work
capitalised as the degree of completion of the plant expansion increases. As a
result, total output fell by 20% to EUR 10,194 thousand compared to the same
period in the previous year (2023: EUR 12,799 thousand). Other operating income
increased significantly year-on-year to EUR 1,210 thousand (2023: EUR 715
thousand) due to investment grants of EUR 760 thousand (2023: EUR 151 thousand)
for the creation of jobs in Dillingen. The preliminary consolidated net result
for the year amounted to EUR -10,883 thousand (2023: EUR -9,511 thousand).
Available liquidity increased to EUR 11,741 thousand as at December 31, 2024
(December 31, 2023: EUR 4,275 thousand) due to the payment of two further loan
tranches from BASF for the construction of the plant in Perl-Besch and the
capital increase successfully completed in the fourth quarter of 2024.

Pascal Klein, CEO of Pyrum Innovations AG: "The fourth quarter and the full year
2024 were primarily characterised by the expansion of our main plant in
Dillingen and the further increase in personnel to implement our roll-out plan.
The full-load tests on our two new production lines and their commissioning have
now been successfully completed on schedule, meaning that the lines are now
going into regular operation. In total, we have already produced over 1,200 tons
of oil in our two new reactors and delivered it to BASF. We have also received
approval from Continental to supply our rCB from the two new production lines.
At the same time, we are continuing to invest in the expansion of new sites in
Europe with our partners and in our own plant in Perl-Besch in order to further
establish ourselves as an innovation leader."



The Trading Update Q4 2024 of Pyrum Innovations AG is available on the company's
website at https://www.pyrum.net/en/investors/financial-publications/. 

The publication of the final figures and the Annual Report 2024 is scheduled for
May 16, 2025. 


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
demonstrably high-quality, sustainable and renewable. Pyrum has already received
multiple awards for its innovative solutions and has been nominated for the 2025
German Environmental Award this year.
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