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PYRUM: Pyrum Innovations AG reports results for the first six months of 2026

PYRUMRegulatoriskt pressmeddelande23.09.2026 klo 08.30

Press Release
of Pyrum Innovations AG

Pyrum Innovations AG reports results for the first six months of 2026

o	Revenue increases to EUR 1,743 thousand (H1 2025: EUR 1,267 thousand)
o	Adjustment of the forecast for the full year 2026
o	Grant commitment of EUR 24 million for a project with GreenTech Recycling
Tires AB in Sweden
o	Webcast for shareholders, analysts, and media representatives today at 11:00
a.m.

Dillingen/Saar, 23 September 2026 - Pyrum Innovations AG ("Pyrum," the
"company," ISIN: DE000A2G8ZX8) today published its interim consolidated report
for the period from 1 January to 30 June 2026. Revenue rose by approximately
37.6% to EUR 1,743 thousand in the first six months (H1 2025: EUR 1,267
thousand), but fell short of expectations due to the delayed ramp-up of the
grinding and pelletizing plant in Dillingen. Own work capitalized totaled EUR
1,122 thousand (H1 2025: EUR 5,214 thousand). The decline resulted primarily
from the completion and transition of key plant components to regular operation
at the Dillingen site, which began in the second quarter of 2025. Total output
decreased accordingly to EUR 3,787 thousand (H1 2025: EUR 6,712 thousand).

Other operating income, at EUR 496 thousand, was significantly lower than the
prior-year figure of EUR 2,303 thousand. The prior-year figure was primarily
driven by effects recognised in profit or loss arising from government
investment grants related to the completion of the two thermolysis plants, TAD 2
and TAD 3, as well as other sub-plants at the main site in Dillingen. The grants
also had a positive impact on EBITDA for the prior-year period (H1 2025: EUR
-2,358 thousand). Adjusted for these non-recurring investment grants, EBITDA for
the prior year, at EUR -4,369 thousand, was on par with the first half of 2026,
which stood at EUR -4,358 thousand. Earnings before interest and taxes (EBIT)
amounted to -6,297 thousand (H1 2025: EUR -3,942 thousand / adjusted: EUR -5,954
thousand). Consolidated net result for the period was EUR -7,003 thousand.
Available liquidity as of 30 June 2026 was EUR 6,102 thousand (31 December 2025:
EUR 17,006 thousand).

Pascal Klein, CEO of Pyrum Innovations AG: "In the project area, we were able to
make significant progress in the first half of the year. Based on this, we were
able to sign the first plant purchase agreement with our Czech partner at the
end of August. In May 2026, we received delivery approval from Continental for
our ThermoTireBlack® produced by the new milling and pelletizing plant. As part
of the current modification measures, we have already noticeably increased our
TTB production volumes to 1,250 kg/h, but unfortunately, we are still below the
manufacturer's guaranteed throughput of 1,650 kg/h and thus below our
expectations. Based on current information, the bottleneck lies in the
conveyance of the ground material from the buffer hopper to the downstream
process steps. The supplier of the milling and pelletizing plant is working on
various technical solutions to resolve these bottlenecks as quickly as possible
and to fulfill his contractual obligations to Pyrum. We are also working
relentlessly to resolve the issue and will compensating for part of the
shortfall in production volumes by working night shifts, initially for a period
of two months."


Forecast for 2026 adjusted

Due to the delayed ramp-up of the grinding and pelletizing plant, Pyrum
Innovations AG revised its forecast for 2026 finaincial year yesterday. The
reason for the forecast adjustment is the unexpected development of the ramp-up
phase for the new milling and pelletizing plant, which, contrary to
expectations, has not yet reached its planned target level of 1,650 kg/h
following the modification measures (current: up to 1,250 kg/h).

Pyrum now expects revenue for the full year 2026 to range from EUR 4.2 million
to EUR 5.3 million (previously: EUR 6.5 to EUR 9.5 million). Due to lower
revenue and taking into account expected product and project development in the
second half of 2026,  the forecast for total output has also been adjusted to
EUR 11.0 million to EUR 14.0 million (previously: EUR 12.0 million to EUR 18.0
million). Based on this, the company also expects consolidated EBIT for the full
year 2026 to range from approximately EUR -10.0 million to EUR -12.5 million
(previously: EUR -8.0 million to EUR -10.5 million). 


Additional production hours as a temporary solution

As a precaution, Pyrum had already submitted a request to local authorities
several months ago to extend production hours from 16 hours per day to 24 hours
per day. This request was approved on a temporary basis for two months. By the
end of September, the third production shift is expected to be up and running in
order to compensate for some of the production shortfall and to maximize monthly
production volume as much as possible in the fourth quarter of 2026. 

However, this will not fully make up for the production time already lost this
year. In addition, three-shift operations, including night shifts, entail higher
operating costs.

Pascal Klein: "The additional production time helps us, in the short term, to
make up for some of the shortfall and continue supplying our customers. For us,
however, the key is a sustainable technical solution. That is exactly what we
are currently working on together with our supplier."


 
Progress on the Project in Sweden

Meanwhile, there is positive news regarding Pyrum's project in Sweden. Pyrum's
Swedish project partner, GreenTech Recycling Tires AB, recently received a grant
commitment in the amount of EUR 24 million. 

Pascal Klein: "This grant commitment makes a significant contribution to the
project's financing, and we are delighted for our project partner, GreenTech. As
a result, we expect this project to gain momentum by the first quarter of 2027
at the latest."

Pyrum and GreenTech plan to build a joint thermolysis plant with a recycling
capacity of 22,700 tons of end-of-life tires per year. To this end, the
environmental, construction, and operating permit applications are already under
review by the relevant authorities. In addition, a site has been identified for
the construction of the future recycling plant, which has proven particularly
suitable due to its size, existing infrastructure, and good transportation
links. The adjacent site also houses a thermal power plant that will utilize the
gas generated during the process in the future.

Pyrum Innovations AG is hosting a webcast today, Wednesday, 23 September 2026,
at 11:00 a.m. for investors, analysts, individual shareholders, and members of
the press to discuss current business developments. Those interested can
register to participate at
https://www.appairtime.com/event/e33f9184-39e6-4246-a7ec-687ff05f5477. 

Pyrum Innovations AG's consolidated interim report for the first half of 2026 is
available on the company's website at
https://www.pyrum.net/en/investor-relations/financial-publications/. 



About Pyrum Innovations AG

Pyrum Innovations AG has been revolutionizing the used tyre recycling market
since 2008. The company has developed an innovative, proprietary thermolysis
technology that enables the nearly emission-free recycling of end-of-life tyres
and certain plastics. The process yields high-quality products such as pyrolysis
oil (TTO) and recovered carbon black (TTB), which are used by renowned industry
partners-including those in the chemical and tyre industries-to manufacture new
products. In this way, Pyrum closes the material cycle and pursues a sustainable
business model in line with climate goals. Renowned certifications, such as
REACH registration for the pyrolysis oil and ISCC PLUS certification for both
products, confirm the high quality and sustainability of the products and
processes.

Further information at www.pyrum.net.


 
Contact
iron AG 
Frederic Hilke, Jonas Schneider 
Phone: +49 221 9140 9737	
Email: pyrum@ir-on.com  

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar	
Email: presse@pyrum.net

Further information at www.pyrum.net.\
\
\
 \
Contact\
iron AG \
Frederic Hilke\, Jonas Schneider \
Phone: +49 221 9140 9737	\
Email: pyrum@ir-on.com  \
\
Pyrum Innovations AG\
Dieselstraße 8\
66763 Dillingen / Saar	\
Email: presse@pyrum.net\

PYRUM: Pyrum Innovations AG reports results for the first six months of 2026

PYRUMRegulatoriskt pressmeddelande23.09.2026 klo 08.30

Press Release
of Pyrum Innovations AG

Pyrum Innovations AG reports results for the first six months of 2026

o	Revenue increases to EUR 1,743 thousand (H1 2025: EUR 1,267 thousand)
o	Adjustment of the forecast for the full year 2026
o	Grant commitment of EUR 24 million for a project with GreenTech Recycling
Tires AB in Sweden
o	Webcast for shareholders, analysts, and media representatives today at 11:00
a.m.

Dillingen/Saar, 23 September 2026 - Pyrum Innovations AG ("Pyrum," the
"company," ISIN: DE000A2G8ZX8) today published its interim consolidated report
for the period from 1 January to 30 June 2026. Revenue rose by approximately
37.6% to EUR 1,743 thousand in the first six months (H1 2025: EUR 1,267
thousand), but fell short of expectations due to the delayed ramp-up of the
grinding and pelletizing plant in Dillingen. Own work capitalized totaled EUR
1,122 thousand (H1 2025: EUR 5,214 thousand). The decline resulted primarily
from the completion and transition of key plant components to regular operation
at the Dillingen site, which began in the second quarter of 2025. Total output
decreased accordingly to EUR 3,787 thousand (H1 2025: EUR 6,712 thousand).

Other operating income, at EUR 496 thousand, was significantly lower than the
prior-year figure of EUR 2,303 thousand. The prior-year figure was primarily
driven by effects recognised in profit or loss arising from government
investment grants related to the completion of the two thermolysis plants, TAD 2
and TAD 3, as well as other sub-plants at the main site in Dillingen. The grants
also had a positive impact on EBITDA for the prior-year period (H1 2025: EUR
-2,358 thousand). Adjusted for these non-recurring investment grants, EBITDA for
the prior year, at EUR -4,369 thousand, was on par with the first half of 2026,
which stood at EUR -4,358 thousand. Earnings before interest and taxes (EBIT)
amounted to -6,297 thousand (H1 2025: EUR -3,942 thousand / adjusted: EUR -5,954
thousand). Consolidated net result for the period was EUR -7,003 thousand.
Available liquidity as of 30 June 2026 was EUR 6,102 thousand (31 December 2025:
EUR 17,006 thousand).

Pascal Klein, CEO of Pyrum Innovations AG: "In the project area, we were able to
make significant progress in the first half of the year. Based on this, we were
able to sign the first plant purchase agreement with our Czech partner at the
end of August. In May 2026, we received delivery approval from Continental for
our ThermoTireBlack® produced by the new milling and pelletizing plant. As part
of the current modification measures, we have already noticeably increased our
TTB production volumes to 1,250 kg/h, but unfortunately, we are still below the
manufacturer's guaranteed throughput of 1,650 kg/h and thus below our
expectations. Based on current information, the bottleneck lies in the
conveyance of the ground material from the buffer hopper to the downstream
process steps. The supplier of the milling and pelletizing plant is working on
various technical solutions to resolve these bottlenecks as quickly as possible
and to fulfill his contractual obligations to Pyrum. We are also working
relentlessly to resolve the issue and will compensating for part of the
shortfall in production volumes by working night shifts, initially for a period
of two months."


Forecast for 2026 adjusted

Due to the delayed ramp-up of the grinding and pelletizing plant, Pyrum
Innovations AG revised its forecast for 2026 finaincial year yesterday. The
reason for the forecast adjustment is the unexpected development of the ramp-up
phase for the new milling and pelletizing plant, which, contrary to
expectations, has not yet reached its planned target level of 1,650 kg/h
following the modification measures (current: up to 1,250 kg/h).

Pyrum now expects revenue for the full year 2026 to range from EUR 4.2 million
to EUR 5.3 million (previously: EUR 6.5 to EUR 9.5 million). Due to lower
revenue and taking into account expected product and project development in the
second half of 2026,  the forecast for total output has also been adjusted to
EUR 11.0 million to EUR 14.0 million (previously: EUR 12.0 million to EUR 18.0
million). Based on this, the company also expects consolidated EBIT for the full
year 2026 to range from approximately EUR -10.0 million to EUR -12.5 million
(previously: EUR -8.0 million to EUR -10.5 million). 


Additional production hours as a temporary solution

As a precaution, Pyrum had already submitted a request to local authorities
several months ago to extend production hours from 16 hours per day to 24 hours
per day. This request was approved on a temporary basis for two months. By the
end of September, the third production shift is expected to be up and running in
order to compensate for some of the production shortfall and to maximize monthly
production volume as much as possible in the fourth quarter of 2026. 

However, this will not fully make up for the production time already lost this
year. In addition, three-shift operations, including night shifts, entail higher
operating costs.

Pascal Klein: "The additional production time helps us, in the short term, to
make up for some of the shortfall and continue supplying our customers. For us,
however, the key is a sustainable technical solution. That is exactly what we
are currently working on together with our supplier."


 
Progress on the Project in Sweden

Meanwhile, there is positive news regarding Pyrum's project in Sweden. Pyrum's
Swedish project partner, GreenTech Recycling Tires AB, recently received a grant
commitment in the amount of EUR 24 million. 

Pascal Klein: "This grant commitment makes a significant contribution to the
project's financing, and we are delighted for our project partner, GreenTech. As
a result, we expect this project to gain momentum by the first quarter of 2027
at the latest."

Pyrum and GreenTech plan to build a joint thermolysis plant with a recycling
capacity of 22,700 tons of end-of-life tires per year. To this end, the
environmental, construction, and operating permit applications are already under
review by the relevant authorities. In addition, a site has been identified for
the construction of the future recycling plant, which has proven particularly
suitable due to its size, existing infrastructure, and good transportation
links. The adjacent site also houses a thermal power plant that will utilize the
gas generated during the process in the future.

Pyrum Innovations AG is hosting a webcast today, Wednesday, 23 September 2026,
at 11:00 a.m. for investors, analysts, individual shareholders, and members of
the press to discuss current business developments. Those interested can
register to participate at
https://www.appairtime.com/event/e33f9184-39e6-4246-a7ec-687ff05f5477. 

Pyrum Innovations AG's consolidated interim report for the first half of 2026 is
available on the company's website at
https://www.pyrum.net/en/investor-relations/financial-publications/. 



About Pyrum Innovations AG

Pyrum Innovations AG has been revolutionizing the used tyre recycling market
since 2008. The company has developed an innovative, proprietary thermolysis
technology that enables the nearly emission-free recycling of end-of-life tyres
and certain plastics. The process yields high-quality products such as pyrolysis
oil (TTO) and recovered carbon black (TTB), which are used by renowned industry
partners-including those in the chemical and tyre industries-to manufacture new
products. In this way, Pyrum closes the material cycle and pursues a sustainable
business model in line with climate goals. Renowned certifications, such as
REACH registration for the pyrolysis oil and ISCC PLUS certification for both
products, confirm the high quality and sustainability of the products and
processes.

Further information at www.pyrum.net.


 
Contact
iron AG 
Frederic Hilke, Jonas Schneider 
Phone: +49 221 9140 9737	
Email: pyrum@ir-on.com  

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar	
Email: presse@pyrum.net

Further information at www.pyrum.net.\
\
\
 \
Contact\
iron AG \
Frederic Hilke\, Jonas Schneider \
Phone: +49 221 9140 9737	\
Email: pyrum@ir-on.com  \
\
Pyrum Innovations AG\
Dieselstraße 8\
66763 Dillingen / Saar	\
Email: presse@pyrum.net\