Press Release
from Pyrum Innovations AG

Pyrum Innovations AG publishes figures for the 2025 financial year 

o	Revenue more than doubled compared to the previous year to EUR 4.1 million
(2024: EUR 2.0 million)
o	Total output of EUR 11.1 million (2024: EUR 11.7 million)
o	Consolidated net result of EUR -10.0 million (2024: EUR -10.1 million) 
o	Balanced EBITDA expected for 2027

Dillingen / Saar, 8 May 2026 - Pyrum Innovations AG ("Pyrum," the "company,"
ISIN: DE000A2G8ZX8) today presented its annual and consolidated financial
statements for the 2025 financial year. Revenue amounted to EUR 4.1 million,
more than doubling compared to the previous year (2024: EUR 2.0 million). This
was driven in particular by higher revenues from consulting and engineering
services in connection with ongoing customer and partner projects, as well as
revenues from expanded plant operations. However, the originally communicated
revenue forecast of EUR 4.5 million to EUR 6.0 million could not be fully
achieved. This was primarily due to the lack of revenue from ThermoTireBlack®
(TTB) in the fourth quarter of 2025, which was attributable to delays in the
commissioning of the milling and pelletizing plant. 

The Group generated total output of EUR 11.1 million, placing it at the lower
end of the projected range of EUR 10 million to EUR 15 million. Despite a
decline in own work capitalized due to the largely completed commissioning and
construction work for the expansion of the main plant in Dillingen/Saar, the
previous year's level (2024: EUR 11.7 million) was maintained thanks to the
increase in revenue. In total, own work capitalized amounted to EUR 6.8 million
(2024: EUR 9.0 million). Consolidated earnings before interest and taxes
(Consolidated EBIT) were EUR -8.7 million (2024: EUR -8.9 million), within the
forecast range of EUR -8.5 million to EUR -10.5 million. The consolidated net
result for the year amounted to EUR -10.0 million (2024: EUR -10.1 million) and
continues to reflect the start-up and ramp-up phase of the expanded plant
operations as well as ongoing expenses for capacity expansion and project
development.

Pascal Klein, CEO of Pyrum Innovations AG: "The past year was marked by
significant progress and groundbreaking developments for Pyrum. It is
particularly gratifying that we are increasingly recognized as a supplier of
critical raw materials. At the same time, political and regulatory developments
such as the new EU Waste Shipment Regulation reinforce the importance of
sustainable end-of-life tire recycling technologies. Another milestone was the
European Innovation Fund's approval of EUR 29.4 million in funding for the major
project with our partner Thermo Lysi SA in Greece, which is a true accolade for
our technology and simultaneously provides momentum for further potential
funding of such innovations. Our current focus is on the imminent product
approval of our TTB in accordance with VDA 6.3, increasing production volumes,
and implementing the planned modifications to the transport system at our
world's largest milling and pelletizing plant in the third quarter, as well as
on the consistent implementation of our international plant construction
projects."

For the current financial year 2026, the Executive Board of Pyrum Innovations AG
expects consolidated revenue in the range of EUR 6.5 million to EUR 9.5 million
and total consolidated output in the range of EUR 12 million to EUR 18 million.
EBIT is expected to be between EUR -8.0 million and EUR -10.5 million. The
continued negative EBIT reflects the transition from the investment and
commissioning phase to scalable industrial operations. The Executive Board
anticipates that the successful ramp-up of TTB processing, the further increase
in capacity utilization of existing facilities, and progress in the project
pipeline will create the conditions for a sustainable improvement in earnings in
the coming years. Due to delays in TTB production and plant construction
projects, the expected return to a balanced EBITDA is shifting from 2026 to
2027. 

Pyrum Innovations AG is hosting a webcast today, Friday, 8 May 2026, at 11:00
a.m. for interested investors, analysts, private shareholders, and members of
the press to discuss current business developments. Those interested can
register to participate at
https://www.appairtime.com/event/af886ce5-b979-4eb7-b003-5d130affafb9. 

The annual and consolidated financial statements 2025 of Pyrum Innovations AG
are 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
tires. Since 2008, the company has been developing an innovative thermolysis
technology that enables end-of-life tires and plastics to be recycled with
virtually no emissions. The process can recover high-quality products such as
TTO (ThermoTireOil) and TTB (ThermoTireBlack) 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.
Prestigious certifications such as REACH and ISCC Plus prove the quality and
sustainability of the products.
www.pyrum.net 

Contact
IR.on AG 
Frederic Hilke 
Phone: +49 221 9140 970	
Email: [email protected]  

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar	
Email: [email protected]