Pyrum Innovations Reports 37.6% Revenue Growth in H1 2026, Adjusts Full-Year Forecast Amid Ramp-Up Delays

Pyrum Innovations AG, a company specializing in the recycling of end-of-life tires through thermolysis technology, published its interim consolidated report for the first half of 2026 on September 23, 2026. The report, announced via NEWMEDIAWIRE, shows revenue growth but also highlights operational challenges that led to a downward revision of the full-year forecast. For Texas businesses and industries focused on sustainable technologies and advanced recycling, Pyrum’s performance offers insights into the scaling of innovative green technologies and the hurdles that can arise.

Revenue for the first six months of 2026 increased by approximately 37.6% to EUR 1,743 thousand, compared to EUR 1,267 thousand in the same period of 2025. However, this 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, down from EUR 5,214 thousand in H1 2025, primarily because key plant components at the Dillingen site were completed and transitioned to regular operation in the second quarter of 2025. Total output decreased to EUR 3,787 thousand from EUR 6,712 thousand, and other operating income dropped to EUR 496 thousand from EUR 2,303 thousand, largely due to non-recurring government investment grants recognized in the prior-year period. EBITDA for H1 2026 was EUR -4,358 thousand, on par with the adjusted prior-year figure of EUR -4,369 thousand, while EBIT was EUR -6,297 thousand and the consolidated net result was EUR -7,003 thousand. Available liquidity stood at EUR 6,102 thousand as of June 30, 2026, down from EUR 17,006 thousand at the end of 2025.

CEO Pascal Klein noted significant progress in the project area, including the first plant purchase agreement with a Czech partner and delivery approval from Continental for ThermoTireBlack® produced at the new milling and pelletizing plant. However, the plant is currently achieving only up to 1,250 kg/h, below the manufacturer’s guaranteed throughput of 1,650 kg/h. The bottleneck lies in the conveyance of ground material, and the supplier is working on technical solutions. To mitigate the shortfall, Pyrum has received temporary approval to extend production hours from 16 to 24 per day for two months, with a third shift expected by the end of September. This will increase operating costs but help supply customers. The company has adjusted its full-year 2026 forecast: revenue is now expected to range from EUR 4.2 million to EUR 5.3 million (previously EUR 6.5 to EUR 9.5 million), total output to EUR 11.0 million to EUR 14.0 million (previously EUR 12.0 to EUR 18.0 million), and consolidated EBIT to approximately EUR -10.0 million to EUR -12.5 million (previously EUR -8.0 to EUR -10.5 million).

On a positive note, Pyrum’s Swedish project partner, GreenTech Recycling Tires AB, received a grant commitment of EUR 24 million. The joint project aims to build a thermolysis plant with a recycling capacity of 22,700 tons of end-of-life tires per year. Permit applications are under review, and a suitable site has been identified. Klein expects the project to gain momentum by the first quarter of 2027. For Texas, this news underscores the growing global momentum in tire recycling and circular economy solutions. Pyrum’s proprietary thermolysis technology enables nearly emission-free recycling, producing pyrolysis oil and recovered carbon black used by chemical and tire industries. The company’s interim report is available on its website at https://www.pyrum.net/en/investor-relations/financial-publications/, and further information is at www.pyrum.net. As Texas continues to expand its own recycling infrastructure, Pyrum’s experience highlights both the potential and the operational challenges of scaling advanced recycling technologies, offering lessons for businesses and policymakers in the state.