Pyrum Innovations AG has reported revenue of €4.1 million for the 2025 financial year, more than double the €2.0 million recorded in 2024, driven by increased consulting and engineering activity alongside expanded plant operations
The company generated a total output of €11.1 million, broadly in line with the previous year’s €11.7 million and at the lower end of its projected guidance range. Pyrum said the increase in revenue helped offset lower levels of own work capitalised, following the near completion of commissioning and construction work linked to the expansion of its main facility in Dillingen/Saar.
Despite the revenue growth, the company continued to report losses as it remains in a scaling and investment phase. Consolidated EBIT stood at €-8.7 million compared with €-8.9 million in 2024, while the consolidated net result was €-10.0 million, broadly unchanged year-on-year.
Pyrum noted that its previously issued revenue guidance of €4.5 million to €6.0 million was not fully achieved due to delays in commissioning the milling and pelletising plant, which affected fourth-quarter revenues from ThermoTireBlack® (TTB).
Pascal Klein, CEO of Pyrum Innovations AG, said: “The past year was marked by significant progress and groundbreaking developments for Pyrum. It is particularly gratifying that we are increasingly recognised 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 tyre recycling technologies.”
Klein also highlighted the approval of €29.4 million in funding from the European Innovation Fund for a project with Greek partner Thermo Lysi SA, describing it as “a true accolade for our technology.”
Looking ahead, Pyrum expects 2026 revenue to reach between €6.5 million and €9.5 million, with total output forecast at €12 million to €18 million. However, the company has postponed its expected return to balanced EBITDA from 2026 to 2027 due to delays in TTB production and plant construction projects.
Image credit: Pyrum Innovations AG
