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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pryme
Pryme (PRYME) investor relations material
Pryme has been delisted
Pryme Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary22 Jul, 2026
Executive summary
Permanently shut down main plant (Pryme One) in March 2026 due to reactor reliability issues and lack of funding, initiating an orderly wind-down of operations.
Explored financing and strategic alternatives, but no additional funding secured; focus shifted to asset sales and value preservation.
Significant reduction in workforce and operational footprint; R&D center in Ghent closed and pilot plant sold.
Financial highlights
No revenue generated in H1 2026; operating loss (EBIT) of €5.15 million, net loss of €5.76 million, improved from €7.81 million net loss in H1 2025.
Cash burn rate in Q2 2026 was €5.4 million; cash and cash equivalents at period end were €1.71 million, down from €6.63 million at year-end 2025.
Equity decreased to -€8.38 million as of June 30, 2026, from -€3.31 million at year-end 2025.
Personnel expenses reduced to €2.48 million (H1 2025: €2.73 million) due to staff reductions.
Outlook and guidance
Focus for remainder of 2026 is on orderly wind-down and asset sales; survival depends on securing funding or strategic alternatives.
Without new funding or successful asset sales, insolvency is expected after Q3 2026.
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Latest events from Pryme
- Operations ended, assets for sale, no Q1 revenue, and insolvency risk persists.PRYME
Q1 2026 - Severe reactor issues led to minimal Q4 output, no sales, and a net loss amid strategic shifts.PRYMEQ4 2025
- Record July output, reactor issues halted Q3 production; funding needs remain acute.PRYMEQ3 2025
- Production disruptions narrowed losses, but further funding is needed amid lower output forecasts.PRYMEQ2 2025
- Scaling advanced recycling with high-capacity reactors and strong market demand for circular plastics.PRYMEInvestor Presentation
- 120 tons of pyrolysis oil produced in H1 2024; ramp-up and growth plans underway.PRYMEQ2 2024
- Pryme reported slow production ramp-up and a €4.7 million net loss in Q3 2024.PRYMEQ3 2024
- Pryme leads in large-scale plastic waste recycling with high-capacity technology and strong growth outlook.PRYMEPareto Securities' 31st annual Energy Conference Presentation
- Pryme advances large-scale plastic waste recycling, targeting industrial growth and circularity.PRYMECompany Presentation
Pryme
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Frequently asked questions
Pryme is a cleantech company focused on converting plastic waste into valuable resources through an industrial-scale chemical recycling process known as pyrolysis. The company aims to contribute to a circular plastic economy by developing cost-effective and scalable solutions to tackle the growing global issue of plastic waste. Pryme's technology involves breaking down plastic into useful outputs, which can then be used by petrochemical industries to create new materials. Pryme is headquartered in Rotterdam, Netherlands, and its shares are listed on the Oslo Stock Exchange.