Pyrum more than doubles revenue, profitability under pressure

Dillingen/Saar, Germany — Pyrum Innovations AG more than doubled revenue in the 2025 financial year, but earnings remained in negative territory as the company continued to scale operations and invest in capacity expansion.

The German end-of-life tire (ELT) pyrolysis company reported revenue of €4.1 million, up from €2.0 million the previous year, driven by higher income from consulting and engineering services linked to ongoing customer and partner projects.

However, the figure fell short of the company’s earlier guidance of €4.5 million to €6.0 million.

Pyrum linked the shortfall primarily to the absence of ThermoTireBlack (TTB) sales in the fourth quarter following delays in commissioning the milling and pelletising plant.

Total output came in at €11.1 million, broadly in line with the prior year’s €11.7 million.

Here, Pyrum said higher revenue offset a decline in own work capitalised following the near completion of construction and commissioning activities at the expanded Dillingen site.

Profitability remained under pressure, reflecting the company’s continued investment phase.

Consolidated EBIT stood at minus €8.7 million, marginally up from the year before, while the net result was at minus €10.0 million, broadly unchanged year-on-year.

Pyrum said the figures continue to reflect the ramp-up of expanded plant operations as well as ongoing expenditure for capacity expansion and project development.

Operationally, the company is focused on scaling production and advancing key milestones, including “the imminent product approval” of TTB in accordance with VDA 6.3, said CEO Pascal Klein.

Furthermore, the company is increasing production volumes, and implementing the planned modifications to the transport system at what Klein described as “world’s largest milling and pelletising plant,” in the third quarter.

Looking ahead, Pyrum expects revenue to rise further in 2026 to between €6.5 million and €9.5 million, with total output projected at €12 million to €18 million.

EBIT is expected to remain in negative territory, in a range of €8.0 million to €10.5 million loss, as Pyrum transitions from the investment and commissioning phase to scalable industrial operations.

The company said that progress in ramping up TTB processing, increasing utilisation rates and advancing its project pipeline would support a gradual improvement in earnings.

However, due to delays in TTB production and plant construction projects, Pyrum now expects to achieve “a balanced EBITDA” in 2027, compared with an earlier expectation of 2026.